30 high-paying, fast-growing jobs that are set to boom over the next decade
- Millions of Americans have been quitting ther jobs each month, and these jobs could be a good fit for a career switch.
- We used 2021-2031 employment projections and 2021 wage data to find high-paying jobs likely to grow.
- Managerial, tech, and medical jobs like registered nurses made up some of the top 30 occupations.
Projected change in employment from 2021 to 2031: 23,800
Median annual wage in May 2021: $127,490
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 54,900
Median annual wage in May 2021: $61,400
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 36,400
Median annual wage in May 2021: $98,890
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 58,800
Median annual wage in May 2021: $62,290
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 77,500
Median annual wage in May 2021: $48,520
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 63,100
Median annual wage in May 2021: $59,840
Typical educational requirements: High school diploma or equivalent
Projected change in employment from 2021 to 2031: 40,400
Median annual wage in May 2021: $95,620
Typical educational requirements: Doctoral or professional degree
Projected change in employment from 2021 to 2031: 40,800
Median annual wage in May 2021: $98,220
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 40,500
Median annual wage in May 2021: $100,910
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 54,100
Median annual wage in May 2021: $77,030
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 31,700
Median annual wage in May 2021: $135,030
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 71,400
Median annual wage in May 2021: $60,550
Typical educational requirements: High school diploma or equivalent
Projected change in employment from 2021 to 2031: 90,900
Median annual wage in May 2021: $48,310
Typical educational requirements: Postsecondary nondegree award
Projected change in employment from 2021 to 2031: 38,400
Median annual wage in May 2021: $121,530
Typical educational requirements: Master's degree
Projected change in employment from 2021 to 2031: 50,900
Median annual wage in May 2021: $94,170
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 50,900
Median annual wage in May 2021: $99,270
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 56,300
Median annual wage in May 2021: $94,500
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 56,500
Median annual wage in May 2021: $102,600
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 59,400
Median annual wage in May 2021: $102,720
Typical educational requirements: Doctoral or professional degree
Projected change in employment from 2021 to 2031: 81,800
Median annual wage in May 2021: $77,250
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 150,300
Median annual wage in May 2021: $63,920
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 108,400
Median annual wage in May 2021: $93,000
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 80,200
Median annual wage in May 2021: $127,990
Typical educational requirements: Doctoral or professional degree
Projected change in employment from 2021 to 2031: 82,400
Median annual wage in May 2021: $159,010
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 112,700
Median annual wage in May 2021: $120,680
Typical educational requirements: Master's degree
Projected change in employment from 2021 to 2031: 136,200
Median annual wage in May 2021: $101,340
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 195,400
Median annual wage in May 2021: $77,600
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 123,100
Median annual wage in May 2021: $131,710
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 209,800
Median annual wage in May 2021: $97,970
Typical educational requirements: Bachelor's degree
Projected change in employment from 2021 to 2031: 370,600
Median annual wage in May 2021: $120,730
Typical educational requirements: Bachelor's degree
The above 30 jobs both pay above the median annual wage and are poised to grow over the next decade.
The Bureau of Labor Statistics releases annual employment projections of how various jobs will grow or decline over the next decade. The latest release shows how occupations could change from 2021 to 2031. Overall, BLS forecasts that employment will grow by 8.3 million, from 158.1 million in 2021 to 166.5 million in 2031.
Insider was interested in looking at jobs that pay well and that also may see more jobs added over the decade. To come up with our set of jobs that are projected to have bright futures ahead of them, we took the geometric mean of median annual wages and projected employment growth from 2021 to 2031 for each occupation. We then ranked occupations based on their geometric mean. A higher geometric mean would mean a higher rank.
Wage data is for May 2021 from the Bureau's Occupational Employment and Wage Statistics program. We only included jobs that pay over $45,760, the median wage for all occupations, because we were interested in jobs that are both expected to grow and pay well. We excluded job titles from our analysis that are catchall occupation titles, such as "computer occupations, all other." Based on our analysis, several of the top jobs are medical, tech, or manager positions.
With 2021 being the base year for the latest projection, there are some important caveats to keep in mind given the labor market was still recovering from pandemic-related job losses during that year.
"The 2021 annual average levels do not reflect much of the employment recovery and reallocation that has already occurred in the aftermath of the COVID-19 pandemic and the accompanying recession, given total employment continued to grow rapidly through the first half of 2022," BLS wrote in a news release about 2021-2031 employment projections.
BLS also noted about the data in the release that "fast growth rates in this projections set can be cyclically driven, structurally driven (in the long term), or driven by a combination of cyclical and structural factors."
This article was originally published in September 2021 and has been refreshed with new data.
from Business Insider https://ift.tt/wBPLJkF
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