Can you have a job with high satisfaction that also has six digits? What about young professionals? The answer to both questions is "yes".
If you choose wisely.
The employment environment is becoming rosier, at least based on the latest employment figures from the Bureau of Labor Statistics. The unemployment rate remained unchanged at 3.5% in December and remained close to the 50-year low. The labor force participation rate in December was unchanged from the previous month at 63.2%. This was supported by an increase in women aged 25 to 34 looking for and / or finding work.
The best college graduate job in 2019 that pays over $ 100,000
Jeff Gillis and Mike Simpson, who run TheInterviewGuys.com, a website that offers career and CV advice, analyzed the Bureau of Labor Statistics job needs survey, which included information about physical requirements, environmental conditions, education, training, and experience. as well as cognitive and mental requirements for jobs in the US economy.
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Approximately 64% of pharmacists do not need work experience in this area and have an average salary of $ 126,000 a year, more than double the national average, and 60% of nurses who have an average salary of $ 114,000 a year also need work experience No work experience , according to analysis by Gillis and Simpson and the latest figures from the Bureau of Labor Statistics.
They were looking for jobs in the “sweet spot”, positions that do not require any experience and are nevertheless well paid. "If you gain more experience in a particular area, you can definitely gain the upper hand over your job, especially when it comes to negotiating salaries," said Gillis and Simpson. "When the four-year threshold is exceeded, employees could expect an average of 66% more."
A closer look at what graduates need to earn a six-figure amount
However, these high average salaries and low work experience requirements result from a hard college and, in some cases, graduate school qualifications. "For example, pharmacists need to earn a doctorate in pharmacy to enter the world of work. They also need to pass the Pharmacy College admission test and consider other benchmarks," said Gillis and Simpson.
University teachers and special school teachers were the top jobs that most often did not require any previous knowledge (91% of these jobs). However, the annual salaries for both jobs are a little over $ 60,000, according to BLS. Police patrol officers were number 3 on the list of non-skill professions and have an average annual salary of $ 65,400.
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In principle, however, there is no bonus for a lack of experience. “In many cases, employees don't need enough work experience to get a decent wage. Jobs with little experience and a high supply tend to remain at the bottom of the profit scale, ”they added. They quoted fast food chefs (94% of these jobs did not require experience), but they only earn $ 22,650 a year.
A decade-long bull market and ongoing economic growth have contributed to a tense job market in 2019. The Dow Jones Industrial Average
has risen by 20.6% in the last 12 months, while the S&P 500
has increased by 26.1%. A recession is a greater risk in 2021 than in the next year, according to a recent survey by the National Association for Business Economics.