Top Ten Highest Paid Jobs in America
In a March, 2013 edition of the U.S. News & World Report it was announced that 9 of the top 10 highest paid jobs in America were in the medical field. Anesthesiologists had the number 1 spot with an average annual wage of $232,830. Surgeons were close behind with an annual average wage of $230,540. This was followed by OB/GYN doctors, oral surgeons, general internists, orthodontists, other physicians and surgeons, family and general doctors, and psychiatrists. The only career in the top 10 which was not in the medical field were chief executives. C.E.O.’s held the number 10 spot with an average annual wage of $176,840.
It is not shocking that people in the medical field are well paid, but it may surprise some to see how they dominate the top jobs in America.
To be sure one does not have to be a doctor to make a good living. The next 9 top jobs after chief executives are a mix of engineers, managers, lawyers, and pilots. The data is a little different in the state of Texas.
In Texas, the top paying job is held by orthodontists with an average annual wage of $239,510. Those in the medical field hold 13 of the top 16 paying jobs in Texas. There are also large differences between those with university degrees and those with only a high school education. Elementary, or Primary, school teachers in Texas earn an average of $50,000 per year. School administrators earn on average about $75,000.
Most economic and demographic indicators point towards the continuation of medical careers receiving higher pay in the future. Parents with young children at home might do well to encourage their students to consider some kind of occupation in the medical field. The medical field rarely experiences layoffs or cut-backs. In fact, Dallas area hospitals are often short-handed in filling nursing positions. A nurse at a large local hospital in the Dallas area recently said that his department was operating with 6 nurses instead of the proposed 10 nurses needed. (The average salary for a registered nurse in Texas is around $65,000.) Even if a student was not interested in the medical field there are plenty of good opportunities in the areas of engineering, accounting, and management. The critical factor seems to be with education. Higher paying jobs do require higher training and education. The initial investment of time and money may prove to be well worth it once a student is finished with school and working.
A recent article on CNN stated that 9% of current applicants to medical school are over the age of 29. This means that a growing number of adults are changing careers after being out of school for 5 to 6 years. 29 is not that old but medical school and training typically takes 7 to 10 years to complete. This means a 29 year old student will be approaching 40 by the time they begin their practice. Many of them are not switching for financial reasons, but seem to be on a mission to help people. (Most doctors in their residency years work 80 hours per week. Their medical training and schooling can cost them between $100,000 to $200,000.)
1. When considering a job, what other factors are important besides money?
2. Do you think you would enjoy a job in the medical field?
3. Does it surprise you that nearly 1 out of 10 medical students are older?
4. Do you think the time and cost of being a doctor is worth the rewards?