Choosing a career path is one of the most significant decisions you’ll make in life. While passion and interest are crucial, it’s also natural to wonder, “What Career Makes The Most Money?” Salary expectations are a major factor for many individuals, whether you’re just starting out, considering a career change, or simply aiming for financial security.
The good news is that high earning potential isn’t limited to just a few industries. Across various sectors in the United States, lucrative careers await those with the right skills, education, and experience. You don’t necessarily have to sacrifice your interests for a high paycheck.
To give you a clearer picture of the financial landscape of different professions, we’ve compiled a list of the top 10 highest-paying jobs in the USA for 2024. These careers not only offer substantial salaries but also reflect diverse fields and pathways to success. Let’s explore which careers lead to the highest income and what it takes to get there.
Top 10 Highest Paying Jobs in the USA (Including Salaries)
1. Chief Executive Officer (CEO)
The Chief Executive Officer (CEO) sits at the pinnacle of a company’s hierarchy, responsible for steering the organization towards its goals and ensuring its overall success. CEOs are the ultimate decision-makers, shaping corporate and financial strategies, overseeing business operations, and setting the long-term vision for the company. They act as the primary link between the various parts of the organization, communicating with staff, the board of directors, stakeholders, and the public. The role demands exceptional leadership, strategic thinking, and a deep understanding of the industry and market dynamics.
Educational Path
While the specific educational background can vary, a Master of Business Administration (MBA) is often considered a cornerstone for aspiring CEOs. The rigorous curriculum of an MBA program provides a comprehensive understanding of business principles, financial management, and strategic leadership. Fortunately, the rise of online education has made MBA programs more accessible than ever, with numerous reputable online MBA programs available that allow professionals to study while continuing their careers. Beyond formal education, extensive relevant work experience, often spanning many years in progressively responsible roles, and industry-specific certifications are crucial for demonstrating the leadership and management acumen required of a CEO.
Job Market Outlook
The demand for top executives, including CEOs, is projected to grow at a pace that is as fast as the average for all occupations. The Bureau of Labor Statistics (BLS) anticipates a 3% increase in top executive positions, which translates to approximately 31,600 job openings annually across the United States until 2032. This indicates a stable job market for those aspiring to reach the highest levels of corporate leadership.
Earning Potential
CEOs command the highest salaries across all professions. Salary.com data indicates that the median annual wage for a Chief Executive Officer is approximately USD 329,400. However, it’s important to remember that CEO compensation is highly variable. Factors such as the industry sector, the size and complexity of the company, geographic location, and the CEO’s individual experience and qualifications all play a significant role in determining the final salary package. In larger, publicly traded companies, CEO compensation can often be significantly higher, potentially reaching millions of dollars annually, including bonuses, stock options, and other benefits.
2. Physician or Doctor
Physicians consistently rank among the highest-paid professionals, and it’s no surprise they feature prominently in any discussion about “what career makes the most money.” Within the broad field of medicine, various specializations offer particularly high earning potential. These highly compensated medical specialties often involve advanced skills, extensive training, and critical roles in patient care. Here are some of the top-paying physician specialties:
- Anesthesiologists: These specialists are crucial in surgical settings, administering anesthesia to ensure patient comfort and safety during procedures. They also manage pain and provide critical care post-surgery.
- General Internal Medicine Doctors (Internists): Internists are experts in diagnosing and treating complex, chronic conditions affecting multiple body systems. They manage diseases like diabetes, gastrointestinal disorders, infectious diseases, and age-related illnesses.
- Obstetricians and Gynecologists (OB/GYNs): OB/GYNs focus on all aspects of women’s reproductive health, including pregnancy, childbirth, and the management of female reproductive system disorders.
- Emergency Medicine Physicians: These doctors are on the front lines of healthcare, providing immediate diagnosis and treatment to patients with urgent and critical medical needs in emergency rooms.
Educational Path
The journey to becoming a physician is a lengthy and demanding one, typically requiring around 12 years of education and training after high school. This includes a four-year bachelor’s degree, ideally in a science-related field like biology or chemistry, followed by four years of medical school. After medical school, physicians must complete a residency program for specialization, which can last from three to seven years depending on the chosen field. Furthermore, aspiring doctors must pass rigorous examinations, including the Medical College Admission Test (MCAT) to get into medical school and the United States Medical Licensing Examination (USMLE) to become licensed practitioners.
Job Market Outlook
The job outlook for physicians remains strong, driven by an aging population and increasing healthcare demands. While the projected growth rate can vary slightly by specialty, the BLS projects overall growth for physician and surgeon roles. The expected increase for medical specialties ranges from 1% to 7% depending on the specific area, indicating consistent demand and job security in the medical field.
Earning Potential
Physician salaries are highly dependent on specialization, experience, location, and practice setting. However, across the board, physician roles are among the highest paying. While specific salary figures vary, the top-paying specialties such as anesthesiology and surgical fields often command average annual salaries well into the hundreds of thousands of dollars, making medicine a consistently lucrative career path for those asking “what career makes the most money?”.
3. Psychiatrist
Psychiatrists are specialized medical doctors who focus on the diagnosis, treatment, management, and prevention of mental, emotional, and behavioral disorders. They are distinct from psychologists in their ability to prescribe medication and other medical interventions, as they hold a medical degree (MD or DO) and have completed specialized psychiatric training. With growing awareness and reduced stigma surrounding mental health, the demand for psychiatrists is on the rise, making it not only a rewarding but also a financially sound career choice.
Educational Path
Becoming a psychiatrist requires a similar educational commitment to other physicians, taking approximately 12 years after a bachelor’s degree. The path typically begins with a four-year bachelor’s degree, often in psychology or a related science. This is followed by four years of medical school and a three to four-year residency program specializing in psychiatry. Following residency, psychiatrists are eligible to pursue board certification to become licensed and qualified to practice independently.
Job Market Outlook
The field of psychiatry is experiencing significant growth. The BLS projects a 7% increase in demand for psychiatrists, which is the highest projected job growth among all physician specialties. This growth rate translates to an estimated 30,500 annual job openings until 2032, indicating a robust and expanding job market for mental health professionals. This increased demand reflects the growing recognition of mental health needs and the importance of psychiatric care in overall well-being.
Earning Potential
Psychiatrists are among the highest-paid professionals in the mental health field. According to Glassdoor, the average annual salary for psychiatrists in the US is around USD 234,200. In addition to their base salary, psychiatrists may also receive supplemental income through bonuses, profit sharing, and other incentives, potentially adding another USD 21,400 to their annual earnings. The combination of high demand and specialized skills contributes to the strong earning potential for psychiatrists, making it a top career for those seeking financial success while making a difference in people’s lives.
4. Airline Pilot
Airline pilots are highly skilled professionals entrusted with the safe and efficient transportation of passengers and cargo across the globe. They are expert aviators, responsible for operating and navigating complex aircraft, often under demanding conditions. Working as part of a flight team, which includes co-pilots, flight engineers, and flight attendants, airline pilots ensure the comfort and safety of everyone onboard. The demanding nature of the job, coupled with the extensive training and responsibility, contributes to the high compensation associated with this career.
Educational Path
The path to becoming an airline pilot typically starts with a bachelor’s degree, often in fields like aviation, aerospace engineering, or a related scientific discipline. While a specific major isn’t always mandated, a strong foundation in science and mathematics is beneficial. Crucially, aspiring pilots must complete flight training at a certified flight school to earn a private pilot certificate. Further certifications, including an instrument rating and accumulating the necessary flight hours, are required to qualify for the Commercial Pilot Airline Exam (CAX) and obtain a commercial pilot license. Many pilots also pursue advanced ratings and certifications throughout their careers to enhance their skills and career progression.
Job Market Outlook
The aviation industry is currently experiencing a growing demand for pilots. The BLS projects a 4% increase in the need for airline pilots, which is considered an average growth rate compared to other occupations. However, despite this average growth rate, the sheer size of the industry means that this translates to a significant number of job openings. Approximately 16,800 pilot job openings are expected annually until 2032. Factors contributing to this demand include airline industry expansion, an aging pilot workforce reaching retirement age, and the increasing volume of air travel.
Earning Potential
Airline pilots are handsomely compensated for their skills and responsibilities. The median annual wage for airline pilots is around USD 215,600. In addition to their base salary, many pilots receive substantial bonuses, which can average around USD 33,100 per year, depending on the airline, years of service, and the specific pay structure. Pilot compensation also often includes benefits such as travel perks, retirement plans, and comprehensive health insurance, making it a financially attractive career path.
5. Oral and Maxillofacial Surgeon
Oral and maxillofacial surgeons represent a unique blend of medicine and dentistry, specializing in surgical procedures involving the mouth, jaw, face, head, and neck. These highly trained specialists address a wide range of conditions, from correcting facial deformities and injuries to performing complex dental procedures. They treat conditions such as impacted wisdom teeth, perform reconstructive surgery after trauma, place dental implants, correct misaligned jaws, and treat head and neck cancers. Their expertise extends beyond surgical skills to include administering anesthesia and managing post-operative pain, making them critical in both medical and dental healthcare.
Educational Path
The path to becoming an oral and maxillofacial surgeon is extensive and rigorous, beginning with a foundation in dentistry. Aspiring surgeons must first complete a bachelor’s degree, followed by passing the Dental Admission Test (DAT) to gain entry into dental school. Dental school culminates in a DDS (Doctor of Dental Surgery) or DMD (Doctor of Dental Medicine) degree, after which a dental license is required. However, the journey doesn’t end there. To specialize in oral and maxillofacial surgery, an additional four to six years of hospital-based surgical residency are necessary, often including a medical degree (MD) as part of the training. Board certification from the American Board of Oral and Maxillofacial Surgery is the final step, signifying the highest level of expertise in this field.
Job Market Outlook
While the BLS categorizes oral and maxillofacial surgeons under the broader category of dentists, the demand for dental professionals, including specialists, is projected to grow. The BLS anticipates a 4% growth rate for dentists overall until 2032. This growth, coupled with the specialized nature of oral and maxillofacial surgery, suggests a stable and potentially increasing demand for these highly skilled surgeons. The growing population and increasing awareness of oral health needs contribute to the positive job outlook in this field.
Earning Potential
Oral and maxillofacial surgeons are among the highest-earning professionals in both dentistry and healthcare. The median annual wage for oral and maxillofacial surgeons in the US is approximately USD 190,500. In addition to their base salary, they may also receive supplemental income through bonuses and other incentives, averaging around USD 18,500 annually. The extensive training, specialized skills, and critical nature of their work in both medical and dental contexts justify the high earning potential of oral and maxillofacial surgeons, making it a top career choice when considering “what career makes the most money?”.
6. Orthodontist
Orthodontists are specialized dentists who focus on diagnosing, preventing, and treating irregularities of the teeth and jaws. They are experts in correcting malocclusion, which includes issues like crooked teeth, crowded teeth, misaligned jaws, gaps between teeth, and bite problems. What distinguishes orthodontists from general dentists is their advanced training in managing and applying various dental appliances, such as braces, retainers, and bands, to achieve proper teeth alignment and improve overall dental health and aesthetics.
Educational Path
The journey to becoming an orthodontist is a lengthy academic commitment spanning approximately 10 to 11 years after high school. It begins with a four-year bachelor’s degree, typically in a science-related field like biology or chemistry, providing a strong foundation for dental studies. This is followed by four years of dental school to earn a DDS or DMD degree. After dental school, aspiring orthodontists must complete a specialized orthodontic residency program, lasting an additional two to three years. Throughout this educational path, students must also pass rigorous examinations, including the Dental Admission Test (DAT) for dental school admission and the National Board Dental Examination (NBDE) to become licensed dentists and orthodontists.
Job Market Outlook
The BLS projects a steady demand for dentists, including orthodontists. Overall employment for dentists is expected to increase by 4% until 2032, which is considered as fast as the average for all occupations. This growth rate translates to approximately 5,100 job openings for dentists each year. While specific data for orthodontists alone isn’t provided separately, the overall positive outlook for dentistry, coupled with the specialized nature of orthodontics, suggests a stable job market for these dental specialists. Increasing awareness of the importance of dental aesthetics and corrective orthodontics contributes to the ongoing demand.
Earning Potential
Orthodontists are among the highest-paid professionals in the dental field. The median annual wage for orthodontists is approximately USD 204,800, with potential for additional income through bonuses and incentives, averaging around USD 26,500 per year. The extensive specialized education, the precision and skill required in their work, and the demand for orthodontic services contribute to the high earning potential of orthodontists, making it a leading career choice for those prioritizing financial success alongside a specialized healthcare profession.
7. Lawyer
Lawyers are essential pillars of the legal system, trained and licensed to provide legal advice and representation to individuals, businesses, and organizations. They play a critical role in upholding the legal framework of society, advocating for their clients’ rights and ensuring that laws are applied fairly and justly. Lawyers work in diverse settings, from private law firms and corporate legal departments to government agencies and non-profit organizations, handling a wide range of legal issues. The demanding nature of legal work, requiring extensive knowledge, analytical skills, and persuasive communication, contributes to the strong earning potential in this profession.
Educational Path
The journey to becoming a lawyer begins with a bachelor’s degree in any field, although common pre-law majors include English, economics, political science, and philosophy, as these disciplines often cultivate critical thinking, reading comprehension, and writing skills crucial for legal studies. Following a bachelor’s degree, aspiring lawyers must take the Law School Admission Test (LSAT) and gain admission to law school. Law school is a rigorous three-year program culminating in a Juris Doctor (JD) degree. After graduating from law school, the final step is to pass the bar examination in the jurisdiction where the lawyer intends to practice. Licensure requirements vary by state, but passing the bar exam is universally necessary to legally practice law.
Job Market Outlook
The legal profession is projected to experience steady growth. The BLS anticipates an 8% growth rate for lawyers, which is considered as fast as the average for all occupations. This growth translates to approximately 39,100 job openings annually until 2032. Factors contributing to this demand include the increasing complexity of laws and regulations, globalization, and the ongoing need for legal representation in various aspects of life and business.
Earning Potential
Lawyers in the United States can achieve significant earning potential, particularly with experience and specialization. The median annual wage for lawyers is around USD 165,700. Beyond their base salary, lawyers may also receive additional compensation through profit sharing and bonuses, potentially adding another USD 20,200 to their annual income. Salaries can vary widely depending on factors such as location, type of legal practice (e.g., corporate law, criminal defense, etc.), firm size, and years of experience. However, the legal profession consistently ranks among the high-paying careers, making it an attractive option for those seeking intellectual challenges and financial rewards.
8. Architectural and Engineering Manager
Architectural and engineering managers are leadership roles that combine technical expertise with management skills. These professionals are responsible for planning, directing, and coordinating architectural and engineering projects and activities. They oversee renovations, infrastructure development, and construction projects from conception to completion, ensuring they adhere to timelines, budgets, and quality standards. Like project managers, they possess the technical knowledge necessary to understand project requirements, select appropriate materials and methods, and troubleshoot potential issues. However, architectural and engineering managers often have a broader scope than project managers, as they may also be involved in staff development, client relationship management, and strategic business decisions within their firms.
Educational Path
A bachelor’s degree in architecture or engineering is the foundational requirement for entering this field. Specific engineering disciplines relevant to this career path include civil engineering, mechanical engineering, electrical engineering, and structural engineering. To advance into management roles, years of practical experience in the field are essential. Many architectural and engineering managers also pursue a master’s degree to enhance their leadership and business acumen. Common master’s degrees for this career path include Master of Business Administration (MBA), Engineering Management, or Technology Management. These advanced degrees can be earned before or while working in management, depending on employer preferences and career progression.
Job Market Outlook
The demand for architectural and engineering managers is projected to grow at a steady pace. The BLS anticipates a 4% increase in employment for these managers until 2032. While this growth rate is moderate compared to some other occupations, the large size of the construction and infrastructure sectors ensures a significant number of job opportunities. Approximately 13,600 job openings are expected annually in this field over the next several years. Ongoing infrastructure projects, urban development, and the need for sustainable and innovative building solutions contribute to the consistent demand for skilled architectural and engineering managers.
Earning Potential
Architectural and engineering managers command competitive salaries reflecting their technical expertise and leadership responsibilities. The average annual salary for architectural and engineering managers is approximately USD 140,400. In addition to base salary, they may also receive substantial bonuses and other forms of additional pay, which can average around USD 47,400 per year, depending on the company’s pay structure and project performance. Factors influencing salary include experience, level of management responsibility, industry sector (e.g., construction, manufacturing, government), and geographic location.
9. Computer and Information Systems Manager
Computer and Information Systems Managers, often referred to as IT managers or IT directors, are crucial leaders in today’s technology-driven organizations. They are responsible for the planning, coordination, and direction of all computer-related activities within a company. Leading the IT department, they oversee teams responsible for maintaining, installing, and securing the organization’s hardware, software, networks, and databases. Their responsibilities extend beyond technical oversight to include budget management, staff recruitment and training, performance evaluations, project scheduling, and IT inventory management. Furthermore, they act as a vital communication link between the IT staff and upper management, ensuring that technology strategies align with overall business objectives.
Educational Path
A bachelor’s degree in Computer Science, Information Technology, Computer Systems Management, or a closely related field is typically the entry point for this career path. These programs provide a strong foundation in computer programming, systems analysis, database management, and network administration. To advance into management roles, practical experience is paramount. Aspiring IT managers often start with tech support roles or IT internships to gain hands-on experience. A master’s degree, particularly an MBA with a focus on technology management or information systems, can significantly enhance career advancement prospects and is often sought after for managerial positions.
Job Market Outlook
The demand for Computer and Information Systems Managers is exceptionally strong and projected to grow rapidly. The BLS projects an impressive 18% increase in employment for these managers over the next decade. This robust growth rate is significantly faster than the average for all occupations, reflecting the ever-increasing reliance of businesses and organizations on technology. This growth is expected to generate approximately 46,900 job openings annually in the coming years. The digital transformation across industries, the rise of cloud computing, cybersecurity concerns, and the continuous evolution of technology all contribute to the high demand for skilled IT managers.
Earning Potential
Computer and Information Systems Managers are well-compensated for their critical role in managing organizational technology. The median annual wage for these managers is approximately USD 140,200. In addition to their base salary, they may also receive additional compensation through bonuses, profit sharing, and other performance-based incentives, potentially adding another USD 11,600 to their annual earnings. Salaries can vary based on factors such as the size and complexity of the organization, industry sector, geographic location, and the manager’s experience and certifications.
10. Nurse Anesthetist
Nurse Anesthetists are the highest-paid type of advanced practice registered nurses (APRNs). These highly specialized nurses are responsible for administering anesthesia to patients undergoing surgical, diagnostic, or obstetrical procedures. Their role is critical in ensuring patient safety and comfort throughout these procedures. Before a procedure, nurse anesthetists thoroughly review a patient’s medical history, discuss potential risks and benefits of anesthesia, and prepare the patient for surgery-related diagnostics and exams. During procedures, they administer and meticulously monitor anesthesia, adjusting levels as needed and closely tracking vital signs. Post-surgery, they play a key role in managing the patient’s recovery from anesthesia, ensuring a smooth and safe transition.
Educational Path
The path to becoming a nurse anesthetist is rigorous and requires advanced nursing education. It begins with earning a Bachelor of Science in Nursing (BSN) degree. Following a BSN, nurses must obtain state licensure by passing the NCLEX-RN examination. Crucially, aspiring nurse anesthetists must gain substantial clinical experience as a registered nurse, typically requiring at least one year, and often three or more years, in critical care settings such as intensive care units (ICUs). To specialize in nurse anesthesia, nurses must then complete a Master of Science in Nursing (MSN) or a Doctor of Nursing Practice (DNP) degree in Nurse Anesthesia. The final step is to become certified by the National Board of Certification and Recertification for Nurse Anesthetists (NBCRNA), demonstrating advanced competency in the field.
Job Market Outlook
The job market for nurse anesthetists and other advanced practice registered nurses is exceptionally strong and projected to grow rapidly. The Bureau of Labor Statistics projects an impressive 38% growth in employment for APRNs, including nurse anesthetists, over the next few years. This growth rate is among the fastest of all occupations, reflecting the increasing demand for advanced healthcare services and the expanding role of APRNs in the healthcare system. This translates to approximately 29,200 job openings annually until 2032. Factors driving this demand include an aging population, increased access to healthcare, and cost-effectiveness of utilizing APRNs in various healthcare settings.
Earning Potential
Nurse anesthetists are among the highest-earning professionals in the nursing field and within healthcare overall. A Certified Registered Nurse Anesthetist (CRNA) earns an average annual salary of approximately USD 126,900. In addition to their base salary, CRNAs may also receive additional compensation through bonuses, overtime pay, and other incentives, potentially adding another USD 7,200 to their annual earnings. Salaries can vary based on factors such as geographic location, years of experience, practice setting (e.g., hospitals, surgical centers, private practice), and demand within specific regions. However, nurse anesthesia consistently ranks as a top career choice for those seeking high earning potential in the healthcare sector, directly addressing the question of “what career makes the most money?”.
Conclusion
As you can see, the answer to “what career makes the most money?” is diverse and spans across multiple sectors. High-paying jobs are available in fields ranging from healthcare and technology to law and business management. Notably, many of the highest-earning positions, regardless of industry, are concentrated in management and leadership roles. These positions often require advanced education, such as a BBA or MBA degree, along with years of experience and specialized skills.
If you’re looking to elevate your career and increase your earning potential, pursuing advanced education can be a strategic step. Nexford University offers flexible online BBA and MBA programs designed to equip you with the skills and knowledge needed to excel in leadership and management positions. These programs can provide a pathway to higher-paying careers and greater professional success, all from the convenience of online learning.
FAQs
What is the highest-paying job in the USA in 2024?
Currently, the highest-paying job in the United States is Chief Executive Officer (CEO). CEOs earn a median annual salary of approximately USD 329,500, with earnings potentially ranging from USD 276,500 to USD 396,000 or higher depending on the company and industry.
Which US job sectors are projected for the highest growth according to the Bureau of Labor Statistics?
The BLS projects that the healthcare and computer and information technology sectors will experience the most rapid growth among high-paying jobs. Specifically, roles like Nurse Anesthetists are projected to grow by 38%, and Computer and Information Systems Managers are expected to increase by 18%.
What is considered the best career path in the USA for 2024?
Considering factors like rapid growth, job stability, and high earning potential, the healthcare, IT, and cybersecurity industries are often cited as offering some of the best career paths in the US for 2024. These sectors provide numerous high-demand and high-paying job opportunities.
What key skills and expertise are crucial for high-paying US jobs?
While specific skills vary by industry, leadership and management skills are consistently essential for most high-paying jobs in the US. Many top-earning positions are in managerial or supervisory roles across diverse sectors. Developing strong leadership capabilities is key to career advancement and higher earning potential. To learn more about in-demand skills, Download Our Free Report.
What are the typical qualifications needed for high-paying US jobs?
Many high-paying jobs in the US require advanced education. A master’s degree is often a minimum requirement for many top-earning positions. Additionally, extensive relevant work experience is crucial. Certain professions, like surgeons, physicians, and orthodontists, also demand significant specialized training, ranging from three to nine years beyond a bachelor’s degree.
Why is pursuing a BBA or MBA degree beneficial in the USA?
Earning a BBA or MBA degree in the USA offers numerous advantages, especially for those seeking high-paying careers. These degrees provide:
- Higher earning potential: Graduates with business degrees often command higher salaries.
- Competitive advantage: An MBA or BBA can make your resume stand out.
- Enhanced marketability: Business degrees are highly valued across industries.
- Increased promotion chances: Advanced degrees often lead to management roles.
- Career versatility: Business skills are transferable across sectors.
- Diversified skillset: Programs develop critical thinking, leadership, and business acumen.
- Strong networking: Business programs provide valuable professional connections.
Download our free report to learn more about developing in-demand skills for your future career!
