It is a proven fact that most school-leavers, especially from the developing world, aren’t aware of which career path to take. The story is not different for a lot of college and university graduates. This article seeks to outline a broad detail about various career paths most attractive and most lucrative in today’s world. Here we have compiled a list of some Most Lucrative Career Paths for Young Graduates in 2022; how to identify high-paying career paths; factors to consider when choosing a career; and how to choose a lucrative career for yourself.
Let’s move right into it.
Factors to Consider Before Choosing a Career
Your motivation for choosing a career should not be money; it should be your already inbuilt talents and passions. But it is quite important to consider your reward potential before going into any career field. To identify a lucrative career for yourself, you have to check the following parameters:
- Reward Potential: This is the most obvious factor that most people consider before embarking on a career path or a job search. Whatever career option you want to go for, it should have enough earning potential to fix your needs and provide very motivating financial growth.
- Growth Over Time: Aside from monetary motivation, you want to be certain that such a career will have the potential for growth in order to remain relevant over time. You don‘t want a career option that will phase out after a decade.
- Career Type: if the monetary rewards and the relevance with time are the only factors you consider, you will end up like some professionals who hate their jobs. To choose a career, you must be attracted to the whole concept of such a career. That way, you will be able to thrive from entry level to the highest professional levels.
- Value: To get the best job, you must be confident that a lot of value will be invested in you. A good career choice is one which offers you the perfect dose of upgrade.
- Fulfilment: The feeling of fulfilment in a job or career is sometimes more rewarding than money. Fulfilment only comes when you feel some form of satisfaction and/or you actually walking towards your dream even to achieving it.
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Industries Offering the Best Salaries Right Out Of College
People are paid for the amount of value that they render to the public. The career paths below offer very high value and are rewarded as such. The list below contains ten of the most lucrative industries in the world.
- Surgery and Medicine
- Natural sciences
- Information and communication technology
- Construction and Architecture
These industries were not listed in the order of their rewards. Below, they will be explained in terms of the value they offer, the careers in the fields, their average annual salary, and their minimum required qualifications.
List of Most Lucrative Career Pathways | Top Career Choices
These career paths are the best in this generation and they have the highest rewards compared to other career choices.
Medicine and Surgery
Medicine and surgery are among the most lucrative career paths for recent graduates, with some of the highest paying jobs in the world available. This field is so highly rewarding because its value centers around the saving and protection of lives. Some of the most lucrative careers in medicine and surgery are:
- Cardiothoracic surgery
- Cosmetic surgery
- Oncology of radiation
- Vascular procedures
People in this profession earn as much as $700,000 annually. To be a doctor, you must have a degree in medicine. There are a lot of specifications, but this is the starting point of them all.
Engineers make life easier for people with the production and maintenance of machines and devices that help us fulfill tasks easily. Careers in the engineering field some of the most lucrative career options in the world are engineering careers. The list below contains some of them;
- Engineering of Systems
- Aeronautical Engineering
- Computer Hardware Design
- Petrochemical Engineering
- Chemical Technology
- Information Engineering
- Nuclear Technology
- Mechanical Engineering
The average income of engineers at entry level ranges from $80,000 to $150,000. To get into this career path, you must have a bachelor‘s degree in engineering or any other relevant and related field.
Scientists are some of the most important people in the world. Giving the world solutions to problems and providing substance for medical, technological, and engineering experts to work with offers them enough money to live by. Some lucrative careers to consider here are in:
- Molecular Microbiology
- Biological Chemistry
- Molecular biology
- Clinical Research
The average income for this field ranges from $86,000 to $140,091 and, of course, the qualification for entering this career path, you have to start with a bachelor’s degree in the area of focus.
Finance is a very important affair in every nation. People in this field help to manage the monetary affairs of people, organizations or even nations. helping them make decisions about saving, investments, and budgeting. Some of the lucrative careers in this field are
- Investment banking
- Insurance advisory
- Hedge fund management
- Financial analysis
- Financial consulting
- Audit Accounting
The average income for professionals in this field ranges from $60,000 to $150,000. To get into this field, you must have a bachelor‘s degree in business, statistics, finance, economics, or accounting. You will need more advanced qualifications to climb the ladders.
Information technology helps to fix some of the most cumbersome challenges of society through the effective transmission, and management of data and information using various computing tools. Experts in this career path earn lots of money achieving this aim. Some careers in this field are in;
- Engineering in automation
- Application/Software development
- Data engineering
- Data Science
- Intercommunications and networking
- Computer animations
- System analysis
- Engineering in robotics
- Artificial intelligence
According to the United States Bureau of Labor and Statistics, the median salary for this career path is $86,320. Earning in this careers increase in exponential manner as you grow! Although you might not need a degree to be successful in this field, as competence is a very important factor here, the competition rate is on the increase. This means that a good and recognized certification and very broad knowledge will be of great importance.
Another set of professionals making tons of money in this generation are those who help manage, boost productivity, and keep businesses and organizations in shape. Some rewarding careers in this field are:
- Training and development management
- Management of public relations and fundraising
- Human resource management
- Financial management
- Sales management
- Natural science management
- Marketing management
The average salary for managers is about $72,400, according to Zippia. To get into this field, you can get a degree in management and a degree related to the field you want to manage.
Helping people get the required knowledge to succeed and thrive in their fields is very important in the world today. Education is very rewarding in various forms. Here are some of them;
- Financial education
- College lecturing
- Academic dean
- College Professor
- Youtube Education
- School Councellor
The average salary for teachers, according to NEA‘s teaching salary benchmark, is about $41,700, and educationists can earn as much as $250,000 yearly. To get into this field, you will most likely need a degree in education and/or a degree in your area of expertise.
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Professionals in this field use their skills to ensure the safety of people travelling by air and aircraft. This is in great demand in the world today. Some careers in this field are:
- Commercial pilot
- Aerospace Program manager
- Aviation Safety Inspector
- Pilot instructor
- Aircraft Avionics equipment mechanic or technician
- Commercial Air traffic controller
- Flight attendance.
According to US national average data from July 2022, the average salary for this field ranges from $50,650 to $198,579. To get into this field, you will need a bachelor‘s degree in an aviation-related course and some extra flight training.
Building And Architecture
Buildings and structures are very expensive, time-consuming, and intellectually demanding to erect. This is the major reason why people in this field are in high demand. Some lucrative careers in this career path are;
- Civil engineering
- Landscape Architecture
- Architectural Technology
- Electrical engineering
- Construction engineering
The average salary for experts in this field is $105,942, according to Ziprecruiters. To get into this field, one would require sufficient practical knowledge and a bachelor’s degree in civil engineering, architecture, building technology, etc.
Providing safe food for the world is a very important task. This is the value that these experts provide to nations and the world in general, enabling them to earn very high compensation. Some very lucrative careers in this field are;
- Food science/Food Processing
- Poultry Farming and Production
- Agricultural Engineering
- Water engineering
The average salary for agricultural experts, according to the BLS, is $64,000. To get into the agriculture field at an entry level, you will require a bachelor’s degree in any agriculture-related course.
How to Get a High-Paying Career
Here are some tips to help you get the best and most rewarding career you desire.
Do well in your current endeavor. If you are trying to get a degree, put in enough effort to get a very good result.
- Build your skills. Add more skills to your skill set.
- Take more responsibility
- Get more professional connections
- Get more certifications and qualification
- Get more specialized qualifications
- Update your resume regularly
- Apply for jobs.
These are the right steps to take to get the career of your choice. Remember that passion is very important and value drives income.