Ever wondered if you're in the wrong line of work or if some people make so much more money? Some jobs are surprisingly high-paying, and they might not be what you expect. We are talking about 6 or even 7-figure salaries, making these jobs highly sought after.
It's safe to say that these professionals have probably found the right balance between passion and money because who wouldn't want a job that pays way too much?
In this article, we'll look at 12 jobs that pay too much and what it takes to land one of these lucrative positions. So, if you are ready to switch careers or just curious about these high-paying jobs, keep reading.
1. Neurosurgeon
Neurosurgeons are highly trained physicians specializing in the surgical treatment of disorders affecting the nervous system, including the brain, spinal cord, peripheral nerves, and vascular system.
They manage various disorders involving the spinal column and spinal cord. Their expertise is not limited to brain surgery, as they also care for conditions affecting the spine and nervous system.
Due to the complexity of their work and the years of training required, neurosurgeons are among the highest-paid professionals, with an average salary of around $616,823 per year.
2. CEO
A CEO, or Chief Executive Officer, is the highest-ranking individual in a company or organization – they're responsible for making major corporate decisions and managing the overall operations and resources of a company.
CEOs act as the main point of communication between the board of directors and corporate operations – given the magnitude of their responsibilities and the pressure that comes with the role, CEOs earn hefty compensation for their work.
On average, a CEO can earn around $265,000 annually, which can significantly increase depending on the company's size and success.
3. Dentist
Dentists are healthcare professionals specializing in oral health, including the teeth and gums. Their work involves:
- Diagnosing and treating issues related to oral health.
- Performing dental procedures.
- Educating patients on proper oral hygiene.
They play a crucial role in preventive healthcare by conducting regular check-ups and cleanings. Some dentists may specialize in orthodontics, pediatric dentistry, or oral surgery.
The average salary of a dentist is approximately $159,530 per year, reflecting the significant skill and training required for this profession.
4. Petroleum Engineer
Petroleum engineers are responsible for designing methods for extracting oil and gas from deposits below the Earth's surface.
They also find new ways to extract oil and gas from older wells – their work is essential for fueling modern society. It requires a deep understanding of geology, chemistry, and advanced mathematics.
Due to the complexity and importance of their work, petroleum engineers are well-compensated. On average, a petroleum engineer can earn around $137,720 per year.
5. Marketing Managers
After producing a service or product, marketing is the key ingredient that brings it to the market. Marketing managers oversee the promotional and advertising efforts for a company or product, working with sales teams and other departments to ensure success.
They bring in the money with their creative strategies, making them an important asset to any company.
Marketing managers can earn around $147,240 annually on average, with the potential for even higher salaries depending on experience and success.
6. Psychiatrist
Psychiatrists are medical doctors specializing in mental health, including substance use disorders – they assess, diagnose, and treat individuals experiencing mental health issues by using a variety of methods, such as medication, psychotherapy, or electroconvulsive therapy.
Unlike psychologists, psychiatrists are physicians who can prescribe medication. Their work helps improve the quality of life for individuals dealing with mental health challenges.
The global average salary for a psychiatrist is approximately $220,380 per year, showcasing the importance and complexity of their work.
7. Airline Pilot
Piloting an aircraft is no small feat. Airline pilots are responsible for safely transporting passengers and cargo, often across great distances.
They must have a deep understanding of the aircraft's systems, respond calmly to changing weather conditions, and make critical decisions swiftly.
The job requires rigorous training, physical fitness, and constant learning. For their valuable skills and high-stakes responsibilities, airline pilots are rewarded with an average global salary of about $130,000 per year.
8. Corporate Lawyer
Corporate lawyers serve as the backbone of business law. They advise corporations on their legal rights, obligations, and privileges. This could involve anything from negotiating deals, drafting legal documents, or aiding in corporate mergers.
They need to stay abreast of changes in laws that may affect their clients. With their comprehensive knowledge of corporate law and sharp negotiation skills, corporate lawyers command an average global salary of around $120,910 annually.
9. Anesthesiologist
An anesthesiologist is a medical specialist who ensures the comfort and safety of patients during surgery. They administer general or regional anesthetics, monitor vital signs, and adjust medications as needed.
Apart from surgeries, they're also involved in pain management post-procedure. This job requires extensive education and training, but it's rewarded with one of the highest salaries in the healthcare field.
The average global salary for an anesthesiologist is around $374,812 per year.
10. Investment Banker
Investment bankers play a pivotal role in the financial sector – they help companies and governments raise capital by issuing securities, facilitating mergers and acquisitions, and providing strategic advice.
It's a fast-paced job that requires strong analytical skills, financial acumen, and a knack for negotiation. Despite the high stress and long hours, many are drawn to this profession for its lucrative pay.
On average, an investment banker can expect to earn about $100,000 to $200,000 annually, depending on experience and performance.
11. Dermatologist
A dermatologist is a specialized medical doctor who focuses on treating conditions related to the skin, hair, and nails. Their expertise ranges from managing complex skin diseases to enhancing physical appearance.
They can handle patients of all ages and are well-versed in procedures like biopsies, chemical peels, and laser therapy. Dermatology combines surgical and non-surgical aspects, making it a diverse medical field.
Dermatologists earn an average global salary of around $300,000 annually, reflecting their specialized skills and extensive training.
12. Professional Athlete
The life of a professional athlete is as challenging as it is glamorous. These individuals dedicate themselves to mastering a sport, often from a young age. They train rigorously, compete fiercely, and constantly strive to improve their performance.
The journey to becoming a professional athlete requires talent, discipline, and resilience. Despite the physical and mental demands of this profession, the rewards can be substantial.
Depending on the sport and the individual's skill level, a professional athlete can earn anywhere from $50,000 to millions per year.
High Paying Jobs Can Take Time
Despite the high pay, some professions require many years of education, training, and experience. But for those with the necessary skills and dedication, these careers can offer financial stability and personal fulfillment. Whether it's engineering the world's future energy sources or helping individuals improve their mental health, each of these high-paying jobs plays a crucial role in society. And as technology and industries continue to evolve, so will the demand for skilled professionals in these fields.
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I’m Steve. I’m an English Teacher, traveler, and an avid outdoorsman. If you’d like to comment, ask a question, or simply say hi, leave me a message here, on Twitter (@thefrugalexpat1). Many of my posts have been written to help those in their journey to financial independence. I am on my journey, and as I learn more I hope to share more. And as always, thanks for reading The Frugal Expat.
