Six High Paying Jobs For Gen Y Workers
By Alida Moore, PayScale.com
When choosing the best career after college, Gen Y workers often focus on finding a gig that gives them the best chance of making a high salary. But, which jobs are best for the millennial bank account? Online salary database PayScale.com took a look at its Gen Y data to find out.
The jobs with particularly strong earning potential for Gen Y fall into three categories: IT, engineering and upper-level management, says Katie Bardaro, lead analyst at PayScale. “IT and engineering jobs typically pay well because they are in high demand and require a specialized workforce, whereas upper-level management jobs pay well due to their larger responsibilities and workload,” she says.
If you’re wondering what careers help Gen Y workers earn hefty paychecks, check out this list of options:
Median Annual Salary: $99,300
If you’re looking for a field in which you can make a substantial salary, engineering is generally a smart path to take. Electrical engineering jobs combine two lucrative worlds: engineering and electronics, thus accounting for the sizeable paychecks a Gen Y worker could earn. Typically, a bachelor’s degree is required.
Median Annual Salary: $95,400
Pharmacists make our list as an outlier of the big three industries Bardaro laid out. While not listed above, healthcare is another giant industry that is seeing great demand and a lower supply of skilled workers.Pharmacists today are directly involved in patient care. This job typically requires at least a bachelor’s degree, but often requires a graduate degree.
Median Annual Salary: $86,400
Picture a giant Excel spreadsheet that indexes billions of data points. A database administrator makes sure each point of data is easily accessible and searchable. This job is also responsible for keeping the data as current as possible. In today’s technology-driven world, a good database administrator could see his or her bank account grow quickly. This job usually requires at least a bachelor’s degree.
Median Annual Salary: $84,700
Video game producers are another technology darling. Responsible for managing the production of a video game, this career is wonderful for someone who is organized, creative, and passionate about gaming. Many game producers work in the online gaming industry, while others choose to do offline, console-specific production. This job often requires a bachelor’s degree and, as a bonus, shows that being a nerd can pay.
Median Annual Salary: $82,000
A software engineer develops and maintains software for a variety of industries. Gen Y workers are among the most tech-savvy in the workforce, making them potentially well-suited for this career. A bachelor’s degree is required; senior positions require at least five years of experience.
Median Annual Salary: $81,400
This job might be a good fit for strategic thinkers. Sales directors are often charged with identifying sales targets and training lower-level sales associates. They might also work with colleagues to develop more effective sales techniques. A bachelor’s degree is required, along with five years of experience.
Source: All salary and education data provided by online salary database PayScale.com. Salaries listed are median annual salaries for Gen Y workers (defined as those born between 1982 and 1993) and include any bonuses, commissions or profit sharing. All pay figures are for workers with no more than a bachelor’s degree.