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You are here: Home / Employment / Careers / 5 Career Choices That Can Lead to Financial Stability

5 Career Choices That Can Lead to Financial Stability

March 19, 2018 by Tim McMahon

When looking for a career to pursue, finding one that can provide you with a comfortable living should at least be part of your consideration. For those that are looking for a job that pays well, here are five different career choices and paths that could help you achieve financial stability.

Medical Field

While the medical field has been impacted by changes in the insurance agency and a variety of other factors, it still provides great earning potential. For those that are willing to put in the work that comes with medical school and residency, becoming a physician or surgeon can be a great option. Physicians routinely earn over $200,000 per year and surgeons earn well over $300,000 per year. Other healthcare occupations that you might consider are: Athletic Trainers $45,630/yr and only require a Bachelor’s Degree. Dental Hygienists $72,910/yr Associates Degree, Diagnostic Medical Sonographers  $64,280/yr. Associates Degree, Dietitians and Nutritionists $58,920/yr. Bachelor’s degree,  Occupational Therapists $81,910/yr. Master’s degree. See the Bureau of Labor Statistics full list of Medical/Healthcare Professions.

Accounting

Another career path that could provide you with a great salary and plenty of career potential is accounting or anything in Business for that matter. CPAs and other accountants are frequently hired by major accounting firms, consulting agencies, and major corporations. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for accountants and auditors was $68,150 in May 2016.

Legal Career

For those that have an interest in the law, pursuing a legal degree and career could be a great option. There are many different areas of law, which helps to ensure anyone can find an area of practice that they are passionate about. One area of law to consider is master of laws in taxation. Those that are interested in tax law will consider attending a top-rated tax law program, which can help them to earn their degrees and get into the field. According to the BLS, Lawyers must have a law degree and must also typically pass a state’s written bar examination. The median annual wage for lawyers was $118,160 in May 2016.

Tech and Software

Over the past few decades, the amount that people rely on technology has continued to increase dramatically and the trend is expected to continue in the future. Because of this, there will always be a lot of demand for individuals that have the experience and education in technology. Those that work in IT, software development, or programming frequently earn well over $100,000 per year. Computer Network Architects earn an average of $101,210/yr and require a Bachelor’s degree, Software Developers earn an average of $102,280/yr and require a Bachelor’s degree, Web Developers design and create websites. They are responsible for the look of the site. They are also responsible for the site’s technical aspects, such as its performance and capacity, which are measures of a website’s speed and how much traffic the site can handle. In addition, web developers may create content for the site. They earn an average of $66,130/yr and only require an Associate’s degree. See other Computer and IT jobs or search Job portal sites for tech jobs.

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Finance

Finally, those that are looking to earn a lot of money and become financially stable should consider a career in finance. Those that are in the finance industry  will have plenty of job opportunities including those in banking, corporate finance, and real estate. Budget Analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending. The job generally requires a Bachelor’s degree and earns an average of $73,840/yr.  Financial Analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. The job generally requires a Bachelor’s degree and earns an average of $81, 760/yr. Personal Financial Advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances. The job generally requires a Bachelor’s degree and earns an average of $90,530/yr. See other Financial and Business occupations.

If you are trying to find a new career field, choosing one that provides you with earning potential is very important. However, it is also important to find a career that you are interested in and you are passionate about as this will also impact your earning potential.

You might also like:

  • 4 Educational Paths for Those Interested in Career Leadership Roles
  • 5 Common Master’s Degrees
  • Will Your Degree Choice Lead to a Great Career?
  • How the Medical Industry is Poised for an Employee Boom

 

Filed Under: Careers Tagged With: Accounting, careers, finance, Legal, medical, Software, Tech

About Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education. Connect with Tim on Google+

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