Starting a career is a little harder than finding a job because one never knows which profession would help them grow career-wise as well as financially. In-depth domain knowledge and degrees from top institutes are not enough. Choosing the right profession becomes very important. Sometimes, a great job with lots of money may not give mental satisfaction; or a mentally satisfying job may not give a boatload of money. Therefore, it is a good decision to choose a career path that one is passionate of. Passionate professions ensure a happy state of mind as well as a pocket full of money as one will definitely be an expert in that field.
It should be noted that the hike and growth in the annual package of each job depend mainly on the level of performance of the jobs.
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List of Highest Paying Jobs in the World
It is impossible to keep a count of different types of jobs that people perform. Yet, there are some jobs that are common and are performed by people all over the world. Of them, certain jobs yield the highest income and here are the list of highest paying jobs in the world:
The Medical institution works to save people’s lives, therefore people spend on hospital bills without keeping a count. The work of a neurosurgeon deals mainly with the flesh and blood of humans. It can be quite stressful that even the tiniest mistake of the neurosurgeon may end up killing the patient. Therefore, the profession of a neurosurgeon is one of the highest paying jobs in the world. The entry-level annual salary of a neurosurgeon is around$3, 81,500. With experience, the annual salary is $584,664 which may increase up to $739,863. They are paid this lot of money as they have to deal with the complications of the human brain.
Surgeons are also at the top of highest earners of all careers in health care and in general. This is mainly because of the specialized skills they need to possess for the job. Of course, the earnings depend on the type of surgery they perform. However, in general, the average annual entry-level salary of surgeons is $352,000 and with a possible hike ranging from $377,479 to $448,014.
For any minor skin ailments, a dermatologist is sought. The skin is very sensitive and one wrong decision damages the skin. As this job involves a lot of care and skill to deal with a human part as sensitive as the skin a dermatologist yields a hefty paycheck annually. On an average, the entry-level annual income of dermatologist is $212,900 and it is one of the highest paying jobs in the world. With years of practice, the median salary of a dermatologist may increase from $365,450 per year and reach up to $440,092.
4. Obstetrician / Gynecologists
The profession of an Obstetrician or a gynecologist deals with the newly born and tender lives of the world. It is because of them the newly born babies get to see the light of the world. It is one noble profession as it involves bringing happiness to couples and bringing a new life into the world every second. When it comes to the matter of a baby the parents never care to spend extravagantly as they want the best for their baby. Whatever the reason one goes to a gynecologist, either delivery or an abortion a good amount payment is guaranteed for performing the job sincerely. On an average, a gynecologist/obstetrician earns as much as $67,710 annually. The median salary may increase up to 1, 97,700 by mid-career and to 2,08,000 with years of practice.
The profession of a psychiatrist needs to deal with new problems every day and derive solutions accordingly. So it is one of the highest paying jobs. This job gets paid so much because Psychology is the only science that doesn’t come with a manual on treating patients. The psychiatrist has to be an expert in his field to treat the patients. The entry-level salary of Psychiatrists is $61,330. With years of practice along the mid-career the psychiatrist takes away a median salary of $194,740 and may increase more than $208,000
6. General Practice Physician
Another one of the highest paying jobs is that of a General practice physician with an annual entry-level package with $1, 73, 855 that increase up to 180,180 by mid-career. With years of experience, the annual average salary raises up to $1, 95, 000. Regardless of health and age people opt for a general practice physician. The demand for these physicians has increased because of more and more people becoming obese and becoming health conscious.
7. Senior Level Corporate Executive
Another one of the highest paying jobs is found in the corporate world. The business world, though a stressful one to run, yields a huge sum of profits with the right strategies and knacks. The challenges that one may have to face are unpredictable but not an obstacle for the passionate business lover. The profession of a senior level corporate executive gives a benefit of enjoying a compensation package with a good financial package and other non-financial perks such as incentives and stock options. The entry-level annual package on an average is $173,320 and may increase up to $505, 619 and expected to see a hike of 11% in the next decade.
The profession of a Dentist requires extra special sensitive skills to take care of the oral health of the patients. With an average annual entry-level salary as low as $67,690 the salary of a dentist may hike up to $146,340 by mid-career and see a growth of more than $2, 10,000 annually making it one of the highest paying jobs.
9. Petroleum Engineer
With just a bachelor’s degree, Petroleum engineers earn an annual average entry-level salary of $130,050 and a hike of more than $2, 06, 000 by the end of mid-career makes it a job that pays really well.The world economy depends very much on oil exploration and extraction;this has increased the need for more number of engineers.
10. Data Scientist
Information technology is a vast field that is growing rapidly wherein immense opportunities are available. Data scientists get a good pay. The people trained in this area earn can demand competitive salaries. The set of skills required in the field is still new to those in this field have a huge scope to grow. The average annual salary earned by a data scientist at the beginning of the career is $87, 000 and hike up to $124,150 by mid-career. With years of experience, the salary rises to $158, 000.
11. Air Traffic Controller
The travel industry faces automation challenges and economic obstacles. Therefore, a demand for air traffic controllers is greater than before. The specialized set of skills and stress required for the job is very high. Hence, payment may be demanded by the controllers. The average annual entry-level salary of the profession is $122,340 and rise up to $7, 49,000 by mid-career and to $10, 76,000 with years of experience.
The profession of a pharmacist needs a post-graduate master’s degree and special certification. The scope for this profession is increasing due to the wide area of health coverage it gives. The average annual income of a beginner pharmacist is $120,224 and increase up to $127,829 by mid-career, and $136500 with years of experience.
So these are the top 12 Highest Paying Jobs in the world. Hope you like the article. Also you can read the top highest paying jobs in India.