Does being a graphic designer sound creatively fulfilling to you? Do you dream about becoming a teacher?
Although your ideal job might play into what you’re passionate about, that’s not the only thing you should consider when it comes to your career. If you ever want to pay off your student loans or buy a house, you’ve got to think about the salary attached to your job.
You should also consider the following numbers Glassdoor Economic Research analyzed in a recent study of 60 jobs: median base pay and year-over-year pay growth (side note: they didn’t look good for graphic design or teaching, unfortunately).
If you’re not sure about your next career move, the following list of jobs with high pay and steadily increasing salaries can help you decide.
7 jobs with high pay and increasing salaries
The following chart lists the results of the Glassdoor study. You can easily see which jobs pay well and have growing salaries.
By cross-referencing the list below with data from the Bureau of Labor Statistics (BLS), you can see which jobs are projected to have an increased number of openings over the next seven years.
1. Software engineer
Although you can debate the difference between the terms software “engineer” and “developer,” I grouped them together for this post.
Essentially, as a software engineer, you’ll create and develop software. This career has a variety of entry paths: self-education, a computer science degree, or a coding boot camp.
Median annual pay: $86,391
Year-over-year pay growth: 3.7 percent
Job growth (2014-2024): 17 percent
2. Registered nurse
With an aging U.S. population on the rise, nurses and caretakers are more important than ever. Although many nurses eventually obtain their bachelor’s degree (BSN), you only need an associate’s degree to become a registered nurse (RN).
Median annual pay: $65,930
Year-over-year pay growth: 4 percent
Job growth (2014-2024): 16 percent
There are more than one million licensed lawyers in the U.S., according to the American Bar Association. And if you’re in search of a big paycheck, you might want to join them.
Median annual pay: $98,594 per year
Year-over-year pay growth: 3.6 percent
Job growth (2014-2024): 6 percent
For the number-crunchers among us, accounting can be a solid career choice.
Yet, to become an accountant, you’ll need a bachelor’s degree in accounting. Many budding accountants also go on to earn the title of Certified Public Accountant (CPA).
Median pay: $55,747
Year-over-year pay growth: 3.7 percent
Job growth (2014-2024): 11 percent
While the final three jobs didn’t make it into the “high growth” quadrant, they already have a high median salary. Although the pay’s not growing significantly, the field is – which means more opportunities are available for job placements for you.
5. Financial analyst
Fascinated by everything you read here on the Student Loan Hero blog? Then perhaps you should pursue a career in the financial industry.
Financial analysts, who need a bachelor’s degree, offer investment advice to both individuals and businesses.
Median pay: $62,277
Year-over-year pay growth: 1.8 percent
Job growth (2014-2024): 12 percent
6. Physical therapist
Physical therapy is a booming field within the healthcare industry. In fact, the American Physical Therapy Association estimates there could be a shortage of up to 26,560 PTs by 2025, unless attrition rates are very low (in which case there will be a surplus).
Physical therapists help rehabilitate people who are injured or sick. Though it’s a rewarding career, keep in mind you’ll need to attend school for three years after receiving your bachelor’s.
Median pay: $73,502
Year-over-year pay growth: 1.8 percent
Job growth (2014-2024): 34 percent
7. Human resources manager
Although you won’t land a managerial position when you’re starting out, if this data trend continues, working towards a position as a human resources manager will probably pay off.
Just make sure you’re a people person. In this role, you’d oversee everything to do with a company’s employees.
Median pay: $67,854
Year-over-year pay growth: 1.4 percent
Job growth (2014-2024): 9 percent
Remember, before choosing a career (or switching to a new one), you should take into account your interests and working style, as well as the pay and growth you can expect.
By pursuing a career with a high earning potential, you won’t only be able to eat all the avocado toast you want – you’ll also be able to tackle other financial challenges like student loan debt, mortgage payments, and retirement.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.97% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at firstname.lastname@example.org, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.57% – 6.97%1||Undergrad & Graduate|
|2.47% – 6.99%3||Undergrad & Graduate|
|2.68% – 8.77%4||Undergrad & Graduate|
|3.24% – 6.66%2||Undergrad & Graduate|
|2.61% – 7.35%5||Undergrad & Graduate|
|3.01% – 9.75%6||Undergrad & Graduate|