Most people would like to say that they choose a particular career or occupation because they enjoy it. Yet, financial considerations have always been the dominant force behind one’s career decision; money tends to outweigh aspiration. Moreover, there is a huge gap in earnings between talented people and the average Joes. Top talents enjoy significantly higher income, no matter what career or industry they are in. This article discusses a few of these desirable professions.
The most lucrative careers tend to concentrate in the financial services industry. This is quite understandable, considering the colossal magnitude of financial dealings taken place daily on Wall Street. Consequently, even a small slice of the big pie that is Wall Street constitutes a lucrative payday. Among the financial sector careers, hedge fund managers and derivative traders are the highest paid. By the nature of their work, most of these professions are not affected by economic conditions. In another word, hedge fund managers and the likes make lots of money in both good and bad economic times.
Obviously, not everyone is qualified to work in the financial sector. Candidates for these lucrative careers would need to have a strong background in economics, finance or computer science as well as considerable industry knowledge. Additionally, careers with lucrative terms tend to be extremely stressful and demanding. You will make a lot of money in this industry, but don’t expect a very long career.
Careers in sales are also lucrative, if one is a good fit. The average salesman does not make a lot of money. In fact, it could even be a net loss considering how much time and effort a sales career demands. Yet, a sales career can be extremely lucrative if you enjoy what you do. Top performing sales professionals can easily make six figures by commission alone. Furthermore, one does not need an advanced degree to be a great salesperson. As a matter of fact, many high-paid sales professionals don’t even attend college. There is one drawback, however. To be great at selling stuff requires vast amount of patience and strong interpersonal skills. You are either very good at it or not good at all.
As mentioned earlier, talented people tend to make a lot more money than their fellow workers. Top singers, actors, and entertainers are the highest paid people in the entertainment industry. Sports superstars rake in millions of dollars in endorsements and prizes; top professionals of even a minor competitive sport like bowling make a very good living. Careers that require a lot of skills and education like surgeons and engineers are equally financially rewarding.
What conclusion can we draw from this? Most lucrative careers are either very stressful or highly skill-based. There are simply no free rides.