Choosing a career path is a significant decision, and for many, earning potential is a key consideration. If you’re exploring job options, contemplating a career change, or simply curious about the most lucrative professions, you’re likely asking: “What Is The Highest Paying Job?”
The good news is that high earning potential doesn’t have to come at the expense of passion. Across diverse sectors in the United States, numerous high-paying jobs offer both financial reward and fulfilling careers.
Want to see for yourself? We’ve compiled a list of the top 10 highest-paying jobs in America for 2024, complete with salary insights and career outlook, to guide your career aspirations.
Discover the Top 10 Highest Paying Jobs in the USA (Salaries Included)
1. Chief Executive Officer (CEO)
The Chief Executive Officer (CEO) holds the top leadership position in a company, steering the organization toward success and growth. CEOs are responsible for high-level corporate and financial decisions, developing and implementing business strategies, and overseeing all operations. They are also the primary link between the company’s internal teams and external stakeholders, including the board of directors, investors, and the public.
Educational Path
A Master of Business Administration (MBA) is often considered the gold standard educational qualification for aspiring CEOs, regardless of industry. Fortunately, numerous flexible online MBA programs are available, allowing you to pursue advanced education while continuing to work. Beyond formal education, extensive relevant work experience and professional certifications demonstrating leadership and strategic management skills are crucial.
Job Market Outlook
The demand for top executives, including CEOs, is projected to grow by 3%, which is on par with the average growth rate for all occupations. This translates to approximately 311,600 annual job openings expected over the next decade.
Earning Potential
The median annual wage for Chief Executive Officers is substantial, around USD 329,400. However, it’s important to remember that CEO salaries can fluctuate based on industry, company size, geographic location, and the individual’s experience and qualifications.
2. Physician / Doctor
Physicians consistently rank among the highest-paying medical and healthcare jobs, making their inclusion on a list of top-earning US jobs unsurprising. Within the medical field, certain specialties command the highest salaries. Here are some of the top-paying physician specialties:
- Anesthesiologists: Experts in administering anesthesia for surgery, pain management, and critical care following surgical procedures.
- General Internal Medicine Doctors (Internists): Specialists in diagnosing and managing complex, chronic illnesses and disorders affecting multiple body systems, such as diabetes, gastrointestinal issues, infectious diseases, and age-related conditions.
- Obstetricians and Gynecologists (OB/GYNs): Focused on the comprehensive care of women’s reproductive and sexual health, including conception, pregnancy, and childbirth.
- Emergency Medicine Physicians: Specialized in the immediate diagnosis and treatment of patients with urgent medical conditions in emergency settings.
Educational Path
Becoming a physician is a lengthy and rigorous process, typically requiring around 12 years of education and training. This includes a four-year bachelor’s degree (often in biology or a related science), followed by four years of medical school, and then a four to five-year residency in a chosen specialty. Aspiring doctors must also pass demanding exams, including the Medical College Admission Test (MCAT) and the United States Medical Licensing Examination (USMLE).
Job Market Outlook
Job growth projections vary by medical specialty. The Bureau of Labor Statistics (BLS) anticipates growth rates for medical specialties ranging from 1% to 7%.
Earning Potential
Salary expectations also differ based on specialization. Here are the average annual salaries for some of the highest-paying physician specialties: (Note: Specific salary data for each specialty was not provided in the original article, further research would be needed to enhance this section).
3. Psychiatrist
Psychiatrists are medical doctors with specialized training in the diagnosis, treatment, management, and prevention of mental, emotional, and behavioral disorders. A key distinction between psychiatrists and psychologists is that psychiatrists, as medical doctors, are licensed to prescribe medications and other medical interventions.
Educational Path
The journey to becoming a psychiatrist also takes approximately 12 years. This involves a four-year bachelor’s degree in psychology or a related field, four years of medical school, and a three-year psychiatric residency program. Following residency, psychiatrists are eligible to take the board certification exam to become licensed and board-certified.
Job Market Outlook
The demand for psychiatrists is projected to increase significantly by 7%, representing the highest job growth rate among physician specialties. This growth is expected to create around 30,500 job openings annually over the next decade.
Earning Potential
According to Glassdoor data, psychiatrists earn an average annual salary of USD 234,200. They may also receive additional compensation, estimated at USD 21,400 per year, through bonuses, profit sharing, and other incentives.
4. Airline Pilot
Airline pilots are highly skilled aviators responsible for operating and navigating aircraft, ensuring the safe and efficient transportation of passengers and cargo. Pilots work in collaboration with a flight team, including copilots, flight engineers, flight attendants, and ground crew, to maintain flight safety and passenger comfort.
Educational Path
A bachelor’s degree in a field like aviation, engineering, business, or transportation can be a strong starting point for an airline pilot career. 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 required flight hours, are necessary to qualify for the Commercial Pilot Airline Exam (CAX) and obtain a commercial pilot license.
Job Market Outlook
The airline pilot profession is projected to experience a growth rate of 4%, which is considered an average growth rate across all occupations. Despite a moderate growth rate, the industry is still expected to generate approximately 16,800 job openings annually in the coming years.
Earning Potential
Airline pilots earn a substantial annual median wage of USD 215,600. Depending on the airline and pay structure, pilots may also receive significant cash bonuses, potentially reaching around USD 33,100 per year.
5. Oral and Maxillofacial Surgeon
An oral and maxillofacial surgeon is a specialized surgeon with expertise in both medicine and dentistry. They perform surgical procedures on the mouth, jaw, head, neck, and face to correct medical issues or for cosmetic purposes. Conditions treated by these surgeons include impacted wisdom teeth, temporomandibular joint (TMJ) disorders, oral and facial reconstruction, dental implants, misaligned jaws, head and neck cancers, and injuries resulting from accidents. They are also responsible for administering anesthesia and managing patient pain.
Educational Path
The path to becoming an oral and maxillofacial surgeon begins with a foundation in dentistry. This requires an undergraduate degree, passing the Dental Admission Test (DAT), earning a Doctor of Dental Surgery (DDS) or Doctor of Dental Medicine (DMD) degree from an accredited dental school, and obtaining a dental license. Beyond dental school, extensive surgical training is required, including a four-year surgery residency program and a two-year medical program. Certification from the American Board of Oral and Maxillofacial Surgery is also typically required.
Job Market Outlook
The BLS categorizes oral and maxillofacial surgeons under the broader dentist category. Therefore, the job outlook for this specialty is projected to grow at 4% through 2032.
Earning Potential
Oral and maxillofacial surgeons in the US earn a high annual median wage of USD 190,500. Additional income through cash bonuses can average around USD 18,500 annually.
6. Orthodontist
Orthodontists are dental specialists focused on the diagnosis, prevention, and treatment of irregularities of the teeth and jaws. Distinguishing them from general dentists, orthodontists have specialized training in managing and fitting various dental appliances, including braces, retainers, and bands. They address a range of dental issues, such as crooked teeth, crowded teeth, misaligned jaws, gaps between teeth, and bite problems.
Educational Path
Becoming an orthodontist requires approximately 10 to 11 years of dedicated education and training. This includes a four-year undergraduate degree (often in biology or chemistry), four years of dental school, and a two to three-year orthodontics residency program. Aspiring orthodontists must also pass the Dental Admission Test (DAT) and the National Board Dental Examination.
Job Market Outlook
The BLS projects overall employment for dentists, including orthodontists, to increase by 4%, which is considered average growth for all occupations. This growth is expected to create around 5,100 job openings per year over the next decade.
Earning Potential
Orthodontists command a high annual median wage of USD 204,800, with potential for additional pay averaging USD 26,500 annually.
7. Lawyer
Lawyers are highly educated and licensed professionals who provide legal representation and advice to clients. They play a vital role in the legal system, advocating for client rights and ensuring laws are applied fairly and correctly.
Educational Path
A bachelor’s degree is the minimum requirement for law school admission. While any major is acceptable, common undergraduate fields include English, economics, political science, and philosophy. After earning a bachelor’s degree, prospective lawyers must take and pass the Law School Admission Test (LSAT) to qualify for law school. Law school culminates in a Juris Doctor (JD) degree, which then qualifies graduates to take the bar examination. Passing the bar exam, which varies by state, is the final step to licensure and practicing law.
Job Market Outlook
The legal profession is projected to experience a growth rate of 8%, which is faster than average for all occupations. This growth is expected to generate approximately 39,100 job openings annually through 2032.
Earning Potential
Lawyers in the US can earn a substantial annual salary, potentially reaching USD 165,700. Additional compensation through profit sharing and bonuses can add an estimated USD 20,200 per year.
8. Architectural and Engineering Manager
Architectural and engineering managers are responsible for overseeing and coordinating architectural and engineering projects, ensuring they are completed according to plan and within budget. They possess technical expertise in architecture or engineering, combined with management skills to oversee projects, teams, and client relationships. While similar to project managers, architectural and engineering managers often have a broader scope, including staff development and client management.
Educational Path
A bachelor’s degree in architecture or engineering is essential for entry into this field. Advancement to a management role typically requires significant experience and often a master’s degree in business administration, engineering management, or technology management. The timing of obtaining a master’s degree can vary, with some professionals pursuing it before or during their management careers.
Job Market Outlook
The demand for architectural and engineering managers is projected to increase by 4% through 2032. While growth is moderate, the industry is still expected to create around 13,600 job openings annually.
Earning Potential
Architectural and engineering managers earn a strong annual average salary of USD 140,400. Additional pay, primarily through bonuses, can average around USD 47,400 per year, though this can be highly variable.
9. Computer and Information Systems Manager
Computer and Information Systems Managers, often called IT managers or directors, lead a company’s IT department. They are responsible for the critical infrastructure of an organization’s technology, including hardware, software, networks, and data security. Managerial duties include budget management, staff recruitment and training, performance reviews, project scheduling, and IT inventory management. They also act as a communication bridge between the IT team and upper management.
Educational Path
A bachelor’s degree in Computer Science, Information Technology, Computer Systems Management, or a related field is a common entry point. Practical experience through tech support internships or IT work experience is highly valuable for entry-level positions. A Master of Business Administration (MBA) can significantly enhance career advancement prospects for managerial roles in IT.
Job Market Outlook
The BLS projects robust growth in demand for Computer and Information Systems Managers, with an expected increase of 18% over the next decade. This substantial growth is anticipated to generate approximately 46,900 job openings annually.
Earning Potential
Computer and Information Systems Managers earn a solid annual median wage of USD 140,200. Additional compensation through bonuses and profit sharing can average around USD 11,600 per year.
10. Nurse Anesthetist
Nurse Anesthetists are the highest-earning type of advanced practice registered nurses (APRNs). They are specialized in administering anesthesia to patients undergoing surgical, diagnostic, or obstetric procedures. Their responsibilities extend beyond just administering anesthesia; they provide comprehensive patient care before, during, and after procedures. This includes reviewing medical history, explaining anesthesia risks, preparing patients for procedures, monitoring vital signs during procedures, and managing post-anesthesia recovery.
Educational Path
The career path for a Nurse Anesthetist begins with a Bachelor of Science in Nursing (BSN) degree. Following a BSN, nurses must obtain state licensure by passing the NCLEX-RN exam. Years of relevant nursing experience in critical care (typically at least three years) are required before pursuing advanced education. Aspiring nurse anesthetists must then earn a Master of Science in Nursing (MSN) or a Doctor of Nursing Practice (DNP) with a specialization in nurse anesthesia. The final step is certification through the National Board of Certification and Recertification for Nurse Anesthetists (NBCRNA).
Job Market Outlook
The Bureau of Labor Statistics projects exceptional job growth for advanced practice registered nurses, including nurse anesthetists, with an expected increase of 38% in the coming years. This rapid growth is projected to create approximately 29,200 job openings annually.
Earning Potential
Certified Registered Nurse Anesthetists (CRNAs) earn an impressive average annual salary of USD 126,900. Additional income through bonuses can average around USD 7,200 per year.
Conclusion: Pursuing the Highest Paying Jobs
As this list demonstrates, high-paying jobs are available across various industries in the United States. However, a clear trend emerges: the highest earning jobs, regardless of sector, are often concentrated in management and leadership roles. These positions typically require advanced education, such as a BBA or MBA degree, along with significant experience and specialized skills.
If you are aiming for a high-paying career, consider developing strong leadership and management skills and pursuing advanced education. Nexford offers online BBA and MBA programs designed to equip you with the skills and knowledge needed to excel in these high-demand, high-earning fields.
FAQs About Highest Paying Jobs
What is the absolute highest-paying job in the USA in 2024?
Currently, the position of Chief Executive Officer (CEO) is generally recognized as the highest-paying job in the United States. CEOs earn an average annual salary around USD 329,500, with a salary range extending from approximately USD 276,500 to USD 396,000.
Which high-paying US job sectors are projected for the most significant growth, according to the Bureau of Labor Statistics?
The BLS forecasts that the healthcare and computer and information technology sectors will experience the most rapid growth among high-paying job categories. Specifically, roles like Nurse Anesthetists are projected to grow by 38%, and Computer and Information Systems Manager positions are expected to increase by 18%.
Considering growth, stability, and compensation, what is a promising career path in the USA for 2024?
The healthcare, IT, and cybersecurity industries stand out as offering some of the most promising career paths in the US for 2024. These sectors combine rapid growth, strong job security, and above-average compensation potential.
What essential skills and expertise are consistently required for high-paying jobs in the US?
Leadership and management skills are consistently identified as crucial for the majority of highest-paying jobs in the US. While specific technical skills vary by industry, the ability to lead teams, manage resources, and make strategic decisions is highly valued across high-earning sectors.
What educational qualifications are typically necessary to secure a high-paying job in the USA?
A master’s degree is frequently a minimum educational requirement for many of the highest-paying jobs in the United States. Furthermore, substantial relevant work experience is almost always necessary. Certain professions, particularly in medicine (like surgeons, physicians, and orthodontists), require extensive specialized training beyond a master’s degree, often involving residencies and fellowships lasting several years.
Looking to enhance your career prospects?
Discover the most in-demand skills for the future and learn how to develop them. Download our free report to unlock your potential and pave the way for a successful and high-earning career.
Why is pursuing a BBA or MBA degree in the USA a valuable investment for your future?
Earning a BBA or MBA degree in the USA provides significant advantages for individuals seeking high-paying careers. Beyond developing critical leadership and management skills, these degrees can offer:
- Higher earning potential and career advancement.
- A competitive advantage in the job market.
- A more marketable and impressive resume.
- Increased opportunities for promotions and managerial roles.
- Greater career flexibility and job versatility across industries.
- A broader and more diversified skillset.
- Enhanced networking and communication skills, essential in virtually any industry.
