Top 15 Highest Paying Jobs In The World 2024 (Inc Salaries)
Discover the highest-paying jobs in the world in 2024. This article discusses all, from data science to investment banking. Read more!
Money. It makes the world go round. It has led to invasions, conquest's, aggressive take-overs, and, as of 2023, the creation of 3,194 billionaires worldwide and hundreds of massive conglomerates that they oversee. Sounds great, but does money make us happier? Some say no, the majority say yes.
With money comes opportunity and a way out of poverty and into privilege. But, what do you need to do to land one of the highest-paying jobs in the world and where should you be looking?
The highest paying jobs can vary depending on factors such as location, industry, if you have a BBA or MBA, and experience in an industry. Among the top highest paying jobs with higher salaries that you may find include systems manager, data scientist, orthodontist, software engineer, CEO, investment banker, corporate lawyer, oral and maxillofacial surgeon, machine learning engineer, or anesthesiologists who administer anesthesia to patients.
To find specific high-paying job opportunities, consider using job search websites, industry-specific job boards, networking through professional organizations, and reaching out to recruitment agencies. Additionally, stay updated on industry trends and continuously develop your skills, as this can enhance your earning potential.
If you are looking for a job that pays handsomely, read on!
Top 15 Best Paying Jobs In The World 2024 (Inc Salaries)
1. Data Scientist
A Data Scientist is a professional who utilizes their skills in statistics, mathematics, programming, and domain expertise to analyze and interpret complex data sets and maintain data infrastructure of a company. They typically possess a combination of skills in mathematics, statistics, programming (commonly using languages like Python or R), and domain knowledge relevant to the industry they work in and their primary goal is to extract valuable insights and knowledge from large and often unstructured datasets. These insights can then be used to inform business decisions, improve processes, and solve problems. They may also have expertise in data visualization tools and databases.
Becoming a data scientist requires a combination of education, skills development, and practical experience, but generally you will require: A bachelor's degree in a related field such as computer science, statistics, mathematics, engineering, or a related quantitative field is often a minimum requirement. Many data scientists also have advanced degrees, such as a master's or Ph.D., which can provide a deeper understanding of the field.
Learning programming languages commonly used in data science, such as Python or R. Learning how to clean, preprocess, and analyze data using tools like SQL for database querying and manipulation. Acquiring knowledge of machine learning algorithms and techniques. Developing skills in data visualization using tools like Matplotlib, Seaborn, or Plotly (for Python) and ggplot2 (for R).
The average annual salary for a Data Scientist in the US is $123,775.
2. Senior Software Engineer
A Senior Software Engineer is an experienced and skilled professional in the field of software development. Their role is typically a more advanced position within a software engineering team, and individuals at this level are responsible for designing, implementing, and maintaining complex software systems. The title of Senior Software Engineer may vary from company to company, and in some organizations, this role might be referred to as a Lead Software Engineer or Software Development Engineer (SDE) III. The exact responsibilities and expectations can also depend on the specific needs and structure of the company.
Becoming proficient in relevant frameworks and technologies. Learning and using version control systems like Git for collaborative development. Considering pursuing advanced training or certifications in areas of interest, such as cloud computing, DevOps, or specialized frameworks.
The average annual salary for a Senior Software Engineer in the US is $194,220 and is therefore one of the best jobs around.
3. Investment Banker
An Investment Banker is a financial professional who works in the investment banking industry. They play a crucial role in facilitating various financial transactions for corporations, governments, and other entities and their primary responsibilities include advising clients on financial strategies, managing mergers and acquisitions (M&A), raising capital through issuing securities, and providing strategic financial advice. They typically work for large financial institutions, such as investment banks, commercial banks, or boutique advisory firms.
To become an investment broker, you'll need to follow a series of steps that involve education, gaining relevant experience, and obtaining necessary licenses, but generally you will require: A bachelor's degree in finance, business, economics, or a related field. Developing a strong understanding of financial markets, investment products, and trading strategies. Acquiring skills in financial analysis and research. This includes analyzing financial statements, understanding market trends, and evaluating investment opportunities.
Obtaining the necessary securities licenses such as, General Securities Representative Exam and Uniform Securities State Law Exam. Understanding and complying with the regulatory requirements set by financial regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Considering pursuing additional certifications, such as the CFA designation, to enhance your credibility and expertise in financial analysis.
The average annual salary for an Investment Banker in the US is $144,633 and is one of those high-paying jobs that is always top of the pile.
4. Chief Executive Officer
A Chief Executive Officer (CEO) is the highest-ranking of the top executives and is the leader of a company. They can be found in a variety of industries and company sizes, ranging from small startups to large multinational corporations and are responsible for making major corporate decisions, managing the overall operations and resources of the company. More often than not CEOs act as the primary point of communication between the board of directors and the corporate operations.
Becoming a Chief Executive Officer (CEO) is a significant career achievement that typically involves a combination of education, experience, leadership skills, and strategic vision, but generally you will require: Initially earning a bachelor's degree in a field relevant to the industry you're interested in. Common degrees for CEOs include business administration, finance, engineering, or other related fields.
Considering obtaining a master's degree (MBA or other advanced degrees) that can enhance your knowledge and credentials, making you more competitive for executive positions. Focusing on building expertise in a specific area relevant to the industry. This could involve becoming an expert in finance, marketing strategy, operations management, or another key aspect of business. Getting involved in strategic initiatives within your organization. This could involve participating in long-term planning, market analysis, or other projects that demonstrate your strategic thinking.
The average annual salary for CEO in the US is $197,747 and is one of those highly lucrative jobs.
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5. Corporate Lawyer
A Corporate Lawyer, also known as a business lawyer or corporate attorney, is a legal professional who specializes in providing legal advice and services to businesses, corporations, and other commercial entities. They are known to work in law firms, in-house legal departments of corporations, or as independent legal consultants and play a crucial role in guiding businesses through various legal aspects of their operations, transactions, and compliance with laws and regulations.
Becoming a corporate lawyer involves a combination of education, gaining relevant experience, and obtaining the necessary qualifications, but generally you will require: Pursuing a bachelor's degree in a relevant field, such as business, finance, political science, or pre-law. While there is no specific major required for law school, choosing one that develops critical thinking and analytical skills can be beneficial. Taking the Law School Admission Test. The LSAT is a standardized test required for admission to law school.
Enrolling in a law school and complete the Juris Doctor (JD) program. Be sure to choose courses that focus on business law, contracts, corporate governance, and other relevant subjects. Choosing elective courses that focus on corporate law, mergers and acquisitions, securities law, and other related subjects. Taking and successfully passing the bar exam to get a law degree in the jurisdiction where you intend to practice. Preparation may involve attending bar review courses, studying legal materials, and practicing with sample questions.
The average annual salary for a Corporate Lawyer in the US is $149,686 and is one of many of the highest-paying jobs in the united states.
A Surgeon is a medical doctor who specializes in performing surgical procedures to treat various medical conditions and improve the quality of life of individuals of all ages. Surgeons are highly trained and skilled professionals who have reached some of the highest levels of education and training, and display an extremely high level of attention to detail, and may focus on specific areas of the body or types of surgery. Their primary goal is to diagnose and treat diseases, injuries, or abnormalities through surgical interventions and can work in various settings, including hospitals, clinics, and private practices.
Becoming a surgeon is a challenging and rewarding journey that involves several years of education, training, and professional development, but generally you will require: Completing a bachelor's degree with a focus on pre-medical coursework. While there is no specific major requirement, students often choose majors in biology, chemistry, or related fields that they must complete. Taking the MCAT, a standardized test required for admission to medical school. Completing medical school with a curriculum that includes classroom instruction, laboratory work, and clinical rotations.
Obtaining a medical degree which can be a Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO). Completing a residency. During residency, surgeons receive intensive training in both clinical and surgical settings. Residents gradually assume increasing responsibilities and participate in surgeries under supervision. Passing the United States Medical Licensing Examination (USMLE) or Comprehensive Osteopathic Medical Licensing Examination (COMLEX) to obtain a medical license. Obtaining a state medical license in the state where you plan to practice. Licensing requirements vary by state. Regularly renewing your medical license and fulfilling continuing education requirements to maintain licensure.
The average annual salary for a Surgeon in the US is $297,851 and is one of the best jobs in the world in the medical field.
7. Senior Software Engineer
A Senior Software Engineer is an experienced professional in the field of software development who has acquired a high level of expertise and skills. They often have several years of experience and a deep understanding of software architecture, design principles, and programming languages, and the role typically involves taking on more complex and challenging projects, providing technical leadership, and contributing to the overall success of the engineering team.
Becoming a Senior Software Engineer requires a combination of education, experience, technical skills, and effective collaboration with cross-functional teams, but generally you will require: A bachelor's degree in computer science, software engineering, or a related field. A solid educational foundation is crucial for understanding fundamental concepts in programming, algorithms, and software development.
The average annual salary for a Senior Software Engineer in the US is $194,220 and makes the list of top 25 highest-paying jobs in the world.
8. Chartered Accountant
A Chartered Accountant (CA) is a professional accountant who has earned the designation through a combination of education, practical experience, and successful completion of a professional qualification program. They are highly regarded for their expertise in financial management, taxation, auditing, and business advisory services. The term "Chartered Accountant" is used in several countries, and the requirements to become a CA can vary depending on the jurisdiction.
Becoming a Chartered Accountant requires a combination of education, experience, and technical skills, but generally you will require: Obtaining a bachelor's degree in accounting, finance, or a related field. Some jurisdictions may accept equivalent degrees in business or commerce. Enrolling in a recognized Chartered Accountancy program, which is usually offered by professional accounting bodies. Examples include the Institute of Chartered Accountants in England and Wales (ICAEW), Chartered Accountants Australia and New Zealand (CA ANZ), and the Institute of Chartered Accountants of India (ICAI).
Completing a training contract or articleship, which involves gaining practical experience under the supervision of a qualified Chartered Accountant. Successfully completing a series of professional examinations covering topics such as financial accounting, taxation, auditing, and business management.
The average annual salary for a Chartered Accountant in the US is $109,901. and is one of the top lucrative salaries on average for all occupations.
9. Financial Analyst
A Financial Analyst is a professional who analyzes financial data, trends, and market conditions to provide insights and recommendations to businesses, organizations, or individuals. They play a crucial role in helping stakeholders make informed financial decisions by assessing the performance of investments, projects, or the overall financial health of a company, and may specialize in areas such as corporate finance, portfolio management, risk analysis, or investment banking.
Becoming a Financial Analyst typically involves a combination of education, practical experience, and the development of specific skills, but generally you will require: A bachelor's degree in a relevant field such as finance, accounting, economics, business administration, or a related discipline. A strong foundation in finance and accounting concepts is essential.
Becoming proficient in financial modeling and analysis tools, spreadsheet software (such as Microsoft Excel), and data visualization tools. Pursuing relevant certifications, such as the Chartered Financial Analyst (CFA) or Financial Modeling and Valuation Analyst (FMVA), to enhance your credentials and demonstrate expertise. Considering pursuing a master's degree in finance, business administration, or a related field to deepen your knowledge and potentially open up more advanced career opportunities. Acquiring skills in financial modeling, which involves creating mathematical models to represent financial situations and make informed business decisions.
The average annual salary for a Financial Analyst in the US is $85,477.
A Cardiologist is a medical doctor who specializes in the diagnosis, treatment, and prevention of diseases and conditions related to the cardiovascular system, which includes the heart and blood vessels. They are highly trained medical professionals who focus on the management of cardiovascular disorders and play a crucial role in promoting heart health and can work in various settings, including hospitals, clinics, private practices, and academic institutions. Some cardiologists may choose to further specialize in areas such as interventional cardiology, electrophysiology, or heart failure.
Becoming a cardiologist involves a lengthy and rigorous educational and training path, but generally you will need to: Complete a bachelor's degree with a strong focus on pre-medical coursework. While there is no specific major required for medical school, common majors include biology, chemistry, biochemistry, or related fields.
Take the Medical College Admission Test that is a standardized test required for admission to medical school. Applying to and attending medical school to earn a Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO) degree. Medical school typically takes four years and includes both classroom and clinical training. Completing a residency program in internal medicine, which usually lasts three years. Passing the United States Medical Licensing Examination (USMLE) or Comprehensive Osteopathic Medical Licensing Examination (COMLEX) to obtain a medical license. Licensing requirements vary by state. Seeking board certification in cardiology by passing the relevant examinations offered by the American Board of Internal Medicine (ABIM) or the American Osteopathic Board of Internal Medicine (AOBIM).
The average annual salary for a Cardiologist in the US is $324,760 and is arguably the highest salary in the world.
11. Petroleum Engineer
A Petroleum Engineer is a professional who specializes in the exploration, extraction, and production of oil and natural gas. They play a crucial role in the energy industry by designing and implementing methods for extracting hydrocarbons from the earth in an efficient, safe, and environmentally responsible manner, and work to optimize the production of oil and gas reservoirs, ensuring the economic viability of extraction projects.
Becoming a petroleum engineer involves a combination of education, practical experience, and specialized training, but generally you will require: A bachelor's degree in petroleum engineering or a related field such as chemical engineering, mechanical engineering, or geosciences. A petroleum engineering degree is the most direct path to entering the field.
Developing a strong foundation in mathematics, physics, and chemistry, as these subjects are essential for understanding the principles of petroleum engineering. Seeking internships or cooperative education (co-op) programs with oil and gas companies or engineering firms. Practical experience provides exposure to real-world projects and enhances your understanding of the industry. Familiarizing yourself with computer programming languages and simulation tools commonly used in petroleum engineering, such as reservoir simulation software. Consider pursuing a master's degree in petroleum engineering or a related field for more advanced and specialized knowledge. Some roles, especially those involving research or academia, may require a higher level of education. Obtaining Engineer-in-Training (EIT) or Engineer Intern (EI) certification is a step towards obtaining a Professional Engineer (PE) license, which can enhance career prospects. This may not always be required.
The average annual salary for a Petroleum Engineer in the US is $130,523 and according to the bureau of labor statistics is one of the top 25 highest paying jobs.
12. Cloud Architect
A Cloud Architect is a professional responsible for designing and managing an organization's cloud computing architecture. Cloud computing involves the delivery of computing services, including storage, processing power, and software, over the internet. These highly skilled IT professionals play a crucial role in designing scalable, secure, and efficient cloud solutions that meet the business requirements of an organization.
Becoming a Cloud Architect involves a combination of education, practical experience, and the development of technical and architectural skills, but generally you will require:
Obtaining a bachelor's degree in computer science, information technology, or a related field. Some Cloud Architects may pursue a master's degree for additional specialization, but it's not always mandatory. Earning relevant certifications from cloud service providers. Popular certifications include, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform. Learning IaC tools like Terraform or AWS Cloud Formation to automate the deployment and management of cloud infrastructure. Familiarizing yourself with containerization technologies like Docker and container orchestration tools like Kubernetes. Acquiring knowledge of cloud networking concepts, including VPCs, subnets, load balancers, and VPNs. Pursuing advanced certifications as you gain experience, such as specialized certifications in areas like security, networking, or DevOps.
The average annual salary for a Cloud Architect in the US is $144,000 and is one of the highest average salaries.
A Gynecologist, often referred to as an OB-GYN (obstetrician-gynecologist), is a medical doctor who specializes in the health of the female reproductive system. They are trained to diagnose and treat a wide range of conditions and issues related to the female reproductive organs, including the uterus, ovaries, fallopian tubes, cervix, and vagina. Becoming a gynecologist involves a significant amount of education, training, and clinical experience, but generally you will require:
A bachelor's degree with a focus on pre-medical coursework. Common majors include biology, chemistry, biochemistry, or other related fields. Taking the Medical College Admission Test (MCAT), which is a standardized exam required for admission to medical school. Enrolling in and complete medical school to earn either a Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO) degree.
After medical school, complete a residency program in obstetrics and gynecology. Obstetrics and Gynecology (OB-GYN) residency programs usually last four years and provide specialized training in the diagnosis and management of conditions related to the female reproductive system. During residency, gain hands-on experience in various aspects of gynecology and obstetrics, including prenatal care, labor and delivery, gynecological surgeries, and reproductive health. Passing the United States Medical Licensing Examination (USMLE) or Comprehensive Osteopathic Medical Licensing Examination (COMLEX) to obtain a medical license. Licensing requirements vary by state. Seeking board certification in obstetrics and gynecology by passing the relevant examinations offered by the American Board of Obstetrics and Gynecology (ABOG) or the American Osteopathic Board of Obstetrics and Gynecology (AOBOG).
The average annual salary for a Gynecologist in the US is $120,037.
Psychiatrists are medical doctors who specialize in the diagnosis, treatment, and prevention of mental illnesses and emotional disorders. They are trained in both medicine and psychology, allowing them to assess and address mental health conditions using a combination of medical, psychological, and therapeutic interventions, and can provide a range of treatments, including medications, psychotherapy, and other therapeutic modalities.
Becoming a psychiatrist involves a comprehensive and specialized educational path, including medical school, residency training in psychiatry, and obtaining licensure, but generally you will require: A bachelor's degree with a focus on pre-medical coursework. Common majors include biology, chemistry, psychology, or related fields.
Taking the Medical College Admission Test (MCAT), a standardized exam required for admission to medical school. Completing medical school to earn either a Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO) degree. After medical school, completing a residency program in psychiatry. Psychiatry residency programs typically last four years and involve intensive training in the diagnosis and treatment of mental health disorders. During residency, gaining hands-on experience in various aspects of psychiatry, including assessment, psychotherapy, psychopharmacology (medication management), and crisis intervention. Passing the United States Medical Licensing Examination (USMLE) or Comprehensive Osteopathic Medical Licensing Examination (COMLEX) to obtain a medical license. Licensing requirements vary by state. Seeking board certification in psychiatry by passing the examinations administered by the American Board of Psychiatry and Neurology (ABPN) or the American Osteopathic Board of Neurology and Psychiatry (AOBNP).
The average annual salary for a Psychiatrist in the US is $255,812 and is one of the top 25 highest-paying jobs around.
15. Internet of Things Architect
An Internet of Things (IoT) Architect is a professional who specializes in designing and implementing the architecture of IoT systems. The Internet of Things refers to the network of interconnected devices that can communicate and share data with each other over the internet. In this specialized tech arena, Internet of Things Architects play a crucial role in creating the infrastructure and framework that enables seamless communication, data processing, and control within IoT ecosystems and may work in various industries, including manufacturing, healthcare, smart cities, agriculture, and more.
Becoming an Internet of Things (IoT) Architect involves a combination of education, technical skills, and practical experience, but generally you will require:
The average annual salary for an Internet of Things Architect in the US is $131,646.
Landing a high-paying job pretty much comes down to a combination of inspiration, education, and perspiration. But generally it requires a strategic approach that combines several key elements. Firstly, stay abreast of industry trends and emerging technologies is crucial; align your skills and knowledge with the evolving demands of the job market. Secondly pursue advanced degrees, relevant certifications, and specialized training programs can enhance your qualifications and set you apart from the competition. And thirdly, stay adaptable and demonstrate a commitment to continuous learning, as the highest paying jobs often require individuals who can navigate change and contribute innovative solutions to complex challenges.
If you're ready to get ahead in the job market and fatten up your bank account by landing one of the highest paying and best jobs in the world in 2024, like these, you'll need hard work and dedication, but also highly specialized skills that can be obtained by attending a college or university that offers a MBA or a BBA undergraduate degree from a US accredited university like Nexford.
What is the highest paying job in the world?
One of the frequently asked questions from people is 'What are some of the highest-paying jobs in the world. Whilst it is difficult to put a hard marker down on this as most leading job sites will differ on the average annual salary, the one that most job boards say is the highest paying average annual salary is that of a Cardiologist, earning a whopping $324,760 per annum.
What are the most in-demand skills needed to get into a high paying career?
The most in-demand skills for high-paying careers can vary depending on the industry and specific job roles. However, there are several skills that are generally highly sought after across various fields. Here are some of the most in-demand skills that can contribute to a successful and well-compensated career:
It's important to note that the specific skills needed can vary based on the industry, job role, and regional demand. Additionally, a combination of technical and soft skills is often ideal for career success.
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What are some high-paying jobs you can get without a degree?
While many high-paying jobs typically require a college degree or advanced education, there are some occupations that offer competitive salaries without the need for a traditional four-year degree. Keep in mind that in many cases, alternative education, vocational training, certifications, and on-the-job experience may be required.
Here are some high-paying jobs that don't necessarily require a college degree: Computer Programmer, Web Developer, IT Support Specialist, Network Administrator, Commercial Pilot, Executive Assistant, Electrician, Plumber, Elevator Installer and Repairer, Commercial Driver, Construction Manager, Air Traffic Controller, and Commercial Truck Driver.
How can I improve my chances of getting a high-paying job?
Improving your chances of landing a high-paying job involves a combination of education, skills development, networking, and strategic career planning. Here are some tips to enhance your prospects:
Consider pursuing relevant advanced degrees or certifications that align with your career goals., or at least you will need a bachelor's degree. Attend industry conferences, seminars, and networking events to connect with professionals in your field. Acquire in-demand technical skills relevant to your industry, such as programming languages, data analysis, or project management. Hone soft skills such as communication, leadership, critical thinking, and adaptability. Obtain industry-recognized certifications, undergraduate, or masters degrees that align with your career goals. This can enhance your credibility and qualifications. Connect with mentors or advisors in your industry who can provide guidance, share insights, and help you navigate your career path.
Is a degree really necessary to get the best paying job?
While having a degree, such as a bachelor's degree in marketing, can certainly open doors to various career opportunities and contribute to a strong foundation of knowledge and skills, it is not always a strict requirement for obtaining the best-paying jobs. The importance of a degree depends on the industry, specific job roles, and the preferences of employers.
Here are some considerations: Certain professions have strict educational requirements, and a degree is often necessary, which is why they usually hold a bachelor's degree. For example, jobs in medicine, law, engineering, and academia typically require specific degrees and professional certifications. In many industries, employers value practical experience, skills, and accomplishments over formal education. Building a strong portfolio, gaining hands-on experience through internships or projects, and acquiring relevant certifications can make you a competitive candidate.
Some employers are moving towards skills-based hiring, focusing on the specific skills required for a role rather than educational credentials. Certifications, coding bootcamps, and other specialized training programs can be alternatives to traditional degrees. Lifelong learning and staying updated on industry trends are essential for career success. Individuals who embrace continuous learning, whether through formal education or self-directed learning, can adapt to changing demands.
All-in-all, make sure that you research the specific requirements of your target industry and role. Some fields may have clear educational prerequisites, while others may be more flexible.
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Mark is a college graduate with Honours in Copywriting. He is the Content Marketing Manager at Nexford, creating engaging, thought-provoking, and action-oriented content.
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