Tuesday, December 31, 2019
These are the 10 best high-paying jobs for millennials
These are the 10 best high-paying jobs for millennialsThese are the 10 best high-paying jobs for millennialsThe 2017 U.S. NewsBest Paying Jobs for Millennials.released Wednesday, features financial advisor, actuary and software developer at the top of the list.With student loan debt on the uptick and a wariness about an economy that seems to be shifting towards a freelance and contract-based system rather than a committed career as a staffer, the latest generation to hit the workforce has a lot of motivation to make the big bucks as soon as possible, experts say.Here are some of the findings from the listMillennials say that cash is kingU.S. News asked mora than 1,000 people aged 20-34 to rank ninejob factors as being the most significant to them (9) to least significant (1). The factors included salary, work-life balance, level of stress, upward mobility, potential for growth and others.The overwhelming factor that was most important to millennials was salary - at 6.47 - followed closely by work-life balance at 6.3, the researchers found.Stress level followed at 5.88, then upward mobility at 5.42, then future job prospects at 5.14, among others.The motivation may be self-preservation.The report points out that a whopping 68% of college seniors who graduated in 2015 reported having an average of $30,100 in student loan debt, according to the Project on Student Debt at The Institute for College Access Success. Average student debt at graduation in 2016 ranged from $20,000 in Utah to $36,350 in New Hampshire, according to the same organization.Overall what were seeing is young people are trying to work for more stable companies and industries, Dan Schawbel, research director at executive development firm Future Workplace, told U.S. News World Report.US News and World Reports researchers used 2015 data from the Bureau of Labor Statistics against their ownrankings for 2017s best jobs. The Best Paying Jobs for Millennials all have average salaries of more than $ 75,000 and take into account work-life balance.Here are the top-ranked jobs for millennials1) Financial AdvisorWith a comfortable average salary of $118,050, but an above average stress level rating and packed schedules, some responsibilities of this position include giving clients financial advice and giving presentations on available financial services, according to U.S. News World Report.Those who take the role commonly come from backgrounds in business, economics or psychology and should be good listeners who can explain complex systems clearly, according to the ranking.2) ActuaryThe average salary is $110,560, and the stress level is described as average.Actuariesare responsible foridentifying potential pitfalls and coming up with rules to help companies manage risk, among other duties.Interested in becoming one? U.S. News reports that actuaries typically need extensive training in computer science, math and databases.3) Software DeveloperThis position has an average salary of $102,160, and involves an average amount of stress.Software developers work on the latest technology, and the job demands the ability to be creative, a prolific knowledge of computer coding, and perseverance, according to U.S. News.4) Computer Systems AnalystThose with this position can expect to earn an average salary of $90,180 and have an average amount of stress on the job.Computer systems analysts study an organizations current computer systems and procedures, and design solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both, according to the federal Bureau of Labor Statistics (BLS).5) Mechanical EngineerThe average salary is $88,190 and this job is average in terms of stress.Mechanical engineers design, develop, build, and test mechanical and thermal sensors and devices, including tools, engines, and machines, according to the BLS.6) Environmen tal EngineerPeople in this position canexpect to earn an average salary of $88,040 and have average stress, US News reports.They use chemistry, engineering and biology to create improved recycling, pollution control and water use methods, and should be trained in science and communication.7) Radiation TherapistRadiation therapists reportedly rake in an average salary of $84,460 and have a below average amount of stress.They work with doctors and nurses, and treat patients for cancer.8) Operations Research AnalystWith an average salary of $84, 180, operations research analysts reportedlyexperience an above average amount of stress at work.Operations research analysts use advanced mathematical and analytical methods to help organizations investigate complex issues, identify and solve problems, and make better decisions, BLS explains.9) AccountantAccountantshave an average salary of $75,280 and an average stress level.They prepare and evaluate financial documents like tax forms and max imizing retirement and investment income and are sought after during tax season but work throughout the year for businesses and organizations.To do the job well, accountants much have organization skills and timeliness, according to US News.10) Loan OfficerThe average salary for this job is reportedly $75,170, and the stress level is average.Loan officers are employed by mortgage companies, banks and others, and they decide if people and businesses should get loans. They should be good at assisting customers and sales.Most loan officers are employed by commercial banks, credit unions, mortgage companies, and related financial institutions. Most loan officers work full time, and many work extensive hours. Except for consumer loan officers, traveling to visit clients is common, BLS writes.
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