How do you become a millionaire by collecting a paycheck
at the end of each month?
When we think about very high paying jobs,
we often point to entrepreneurs, or specialist
occupations such as acting or being in band(the successful ones at least), but not the
regular folks clocking into work day in andday out.
According to the U.S. Census Bureau,
the median household income in 2016 was $ 59,039, so saving
one million is no small feat.
In fact, according to Statistica,
only 12.4 percent of American households earn $ 75,000
– $ 99,000; 14.1 percent earn $ 100,000 – $ 149,000;
6.6 percent earn $ 150,000 – $ 199,000 and 7
percent earn over $200,000. So,
what kind of job do you need to get your cool million?
That ’ s what we ’ ll find out today,
in this episode of the Infographics Show, Regular
jobs that could soon make you a millionaire.
Before we start the list,
we understand that where you work, from country to city to the
actual workplace, will all affect the wagebracket.
What we ’ ll do here is look
at averages and also what career websites tell us.
Most of the data out there – in English
at least – relates to jobs in the USA.
We could say, however,
that if an occupation pays a high salary in one country, then it
likely does in another, in relative termsat least.
We should also add that there will no doubt be plenty
of high-paying jobs we didn ’ t mention,
because such a list would too vast.
So now we begin.
A number of tech-related positions Monster.com
recently made a list of all the
best positions in tech,
featuring IT workers in regular companies rather than tech entrepreneurs.
The top three positions were: eCommerce vicepresident ($172,400); Vice president of information
technology ($162,900); and Chief informationsecurity officer ($162,400).
We then clicked on the links for positions available
for each job, and there were plenty.
These are jobs of course that you can ’ t just walk into,
as they require experience
in the field.
They are, however,
jobs that may not require you to attend university if you have proven
yourself to be exceptionally good at whatyou do.
That ’ s some hope to those people
who want a great salary but didn ’ t have the perfect
start in life.
PediatricianFor this job, you will have to study a lot.
These people take care of kids, both youngerand older.
The word “Pediatrics” actually means “healerof children.”
And a very fulfilling occupation it can be.
One pediatrician said in an interview,
“ It’s one of the few jobs where a doctor gets to
hug his patients.”
According to USANews.com, there will be a growing need
for these people, and the median
salary is currently around $168,990.
As for how to become one, that depends on where you live.
But for many countries,
you ’ ll need a university degree and then have to complete medical school.
Dentist We all know the expense of getting
our teeth fixed, so it ’ s
not surprising that dentists are well paid. Again,
it all depends on how much experience you have,
but the Bureau of Labor Statistics
said that the median wage in 2016 in the U.S. was $ 159,770.
Some dentists, however, earn as much as $208,000.
What about that tricky root canal procedureyou need?
That ’ s done
by an endodontist and they can earn anywhere from $ 100,000 to $ 400,000 a
That ’ s one of the best salaries out there
if you are at the top of the pack.
You need to pass dental school to become a dentist,
and to become an endodontist you ’ ll
have to do postgraduate training in endodontics.
PsychiatristIf you don’t have your own practice, and
you don ’ t treat the rich and famous
for outlandish hourly rates, you may not need to,
because labor statistics tell us theirmedian salary is $194,740.
Many of the higher paid healers of the mind get
over $ 210,000, but when you are just starting out,
you may only be paid around $75,000.
According to the website PayScale, these peoplehave high job satisfaction.
It also says the best in the business can earn over $ 300,000. Again,
this is not an easy job to get.
You ’ ll have to complete medical school,
and then do another four years applying yourself
to a psychiatry residency.
Then to become board certified,
you ’ ll have to pass exams at the American Board of Psychiatry
and Neurology. Then,
and only then,
can you start charging Hollywood actors $ 1,000 an hour.
Petroleum EngineerPayScale puts the yearly salary for these
people at anywhere from $ 59,906 –
$ 195,807, and it all depends on which firm you are working
The averages, though, seem to be about $150,000.
What will you be doing? Well,
finding crude oil or natural gas,
or maintaining the flow of it.
This is, err, a very crude description (punintended).
People going into this field often study physics,
but they might have studied chemical or mining
They then usually train for some time withina company.
It ’ s seen as a great job to have,
but be warned, there have been big layoffs in the
past when the price of oil decreased.
Corporate lawyerOk, so not all corporate lawyers get paid
anything near as much
as some of the jobs we ’ ve just talked about.
The average wage for all lawyers is
around $ 100,000 according to the Bureau for Labor Statistics,
but that could easily go up to $ 210,000
for those that know their game and
are in demand.
As for those at the tip of the iceberg working
for the biggest firms, well, it was reported
that in 2012 Qualcomm’s Donald Rosenberg was pulling in $ 9,840,184 a year.
In fact, many of these big company lawyersearn millions.
It ’ s time-consuming to get to the top,
as you ’ ll need to take a four-year undergraduate course,
followed by law school and then
you need to pass the bar exam to be certified.
Then you have many years to prove yourself
before you get to the big money.
ActuaryAn actuary works in business and measures
It ’ s an important job,
as they tell you how you might lose money, whether it is in
investments or insurance or all manner ofthings.
They should keep you from stressing.
The job has been rated
as the most desirable occupation to go into in the past, and the
wage isn’t bad either.
CNNMoney puts the median pay at $ 132,000,
but it can go up to $ 204,000.
It will take years to become qualified and
you will have to pass a series of difficult
The reason this is so high on the list is
because there doesn ’ t seem to be a low wage
for these people.
AnesthesiologistNow we get to the big guns.
For putting you to sleep, or numbing you up,
and making sure nothing bad happens to you,
anesthesiologists get paid anywhere from $ 208,000 –
$ 399,629, but some as much as $ 450,000.
They have an important role to fill in life,
and that is ensuring we don ’ t pass out from
pain or suffer too much.
We ’ ve come a long way since a bottle
of whiskey and a stick in the mouth before an
amputation takes place.
It ’ s super stressful,
given that most days you have lives in your hands.
You ’ ll need medical school training after earning a degree,
and then you ’ ll have to
pass the United States Medical Licensing Examination.
After that you will be an intern for a year and
after that do a three-year residency in
You can then take an exam with the American Board of Anesthesiology.
RadiologistAccording to CNN the median salary for radiologists
is $316,000 but the pay can be as much as$492,000.
The lowest wages we could find were closerto around $170,000.
PayScale says different, putting the median salary
at $ 260,843 per year, although it does
say you can earn much more than that.
What do they do?
We think you know,
they take X-Rays and they analyze images and make recommendations. Again,
they can ’ t really afford to mess up
as it could mean the end of someone ’ s
You get paid handsomely for such a job.
The same applies to this job as the last one,
in terms of qualifications and length of study
– but of course applying yourself to radiologyand not anesthesiology.
SurgeonMaybe you guessed it, because it seems life
and death types of jobs are the highest paid in terms of regular jobs.
According to Forbes in 2012,
the average wage for an orthopedic surgeon was $ 519,000.
In general, Payscale puts a surgeon ’ s wage at anywhere from $ 103,098 –
In general, Payscale puts a surgeon ’ s wage at anywhere from $ 103,098 –
We guess it just depends on experience, where you work,
and what field you are working in.
It seems there are no surgeons earning verylittle, though.
You could say being a surgeon means going
in and fixing the body after the last two
jobs have done their bit.
It’s up to you now.
Chron tells us that heart and brain surgeons earn
on average well over $ 700,000.
How do you become a neurosurgeon? Degree,
medical school, medical exam, one-year internship,
6- to 8-year neurosurgical residency,
get your license, and you are good to go.
None of these jobs sound easy,
but all of them are achievable with hardwork and determination. So,
which jobs do you think we should have added to the list?
Let us know in the comments. Also,
be sure to check out our
other video called How Is Life Different for Billionaires?
Thanks for watching, and,
as always, don ’ t forget to like, share, and subscribe.
See you next time!