The 8 Fastest Growing Careers that Pay More than $75,000 Per Year

According to statistics provided by the US Bureau of Labor Statistics there are several careers that are posed for significant growth over the next 10 years, and that provide for an average income that exceeds $75,000 per year. It may not be a surprise to learn that all of these jobs require higher education with many requiring a Masters or doctorate degree. That said, if you are contemplating a career with both high pay and excellent growth opportunities, you would do well to take a look at this options.

Physical Therapists

Physical Therapists top the list with excellent growth prospects over the next 10 years. The Bureau of Labor Statistics reports an expectation that there will be a need for an additional 50,000+ positions during the next decade. Further the Average pay is expected to be above $75,000. Education requirements are extensive with a Doctoral or professional degree requirement.

2010 Average Compensation: $76,310/year

Education: Doctorate or professional

Positions filled in 2010: 198,600

Expected Growth 2010-2020: 39%

Expected Positions to be Added; 2010-2020: 77,400

Medical Scientists

Medical Scientists with a current average pay of $76,700 per year; Medical Scientists are expected to be in high demand over the next several years. Current there are about 100,000 jobs in the profession, but that number is expected to swell by as much as 50,000 by the year 2020. A great job for the curious, and a great future if you are thinking about potential careers.

2010 Average Compensation: $76,700 per year

Education: Doctoral or professional degree

Positions filled in 2010: 100,000

Expected Growth 2010-2020: 36%

Expected Positions to be Added; 2010-2020: 36,400

Biochemists and Biophysicists

This is no easy job, but if you have a scientific curiosity, and are prepared to work toward a doctorate degree, Biochemistry or biophysics may be perfect for you. With an average income of almost $80,000 and a 31% growth rate through 2020, the prospects are excellent. This is a field with relatively few employees (about 25,000), but for those who have what it takes, it is a career path with a great future.

2010 Average Compensation: $79,390/year

Education: Doctoral or professional

Positions filled in 2010: 25,100

Expected Growth 2010-2020: 31%

Expected Positions to be Added; 2010-2020: 7,700

Physician Assistants

Do you love the medical field, but you don't want to invest the time and treasure in a medical degree? If this is you, take a look at a career as a pysician's assistant. This is a career with sup[prising high pay and great growth prospects. The Bureau of Labor estimates that this career will grow at a 30% clip over the decade so you should certainly be able to find a job upon graduation.

2010 Average Compensation: $86,410/year

Education: Master’s

Positions filled in 2010: 83,600

Expected Growth 2010-2020: 30%

Expected Positions to be Added; 2010-2020: 24,700

Biomedical Engineers

This fast growing field needs only a bachelor’s degree, but the opportunities are incredible. A relative small population (15,700) is employed as biomedical engineers, but the growth prospects are a staggering 62% through the end of the decade. With an average income level that already eclipses the $80,000 mark; the future of biomedical engineers is impressive indeed.

2010 Average Compensation: $81,540/year

Education: Bachelor’s

Positions filled in 2010: 15,700

Expected Growth 2010-2020: 62%

Expected Positions to be Added; 2010-2020: 9,700

Veterinarians

Animal lovers flock to the veterinary sciences and lucky for them that passion pays quite well. It is normal for vets to obtain a doctorial degree, so be prepared to put in the book time. However, once you begin practicing, the growth prospects look fantastic. Further, a solid average income, and the opportunity to love what you do, makes this an excellent career choice.

2010 Average Compensation: $82,040/year

Education: Doctoral or professional

Positions filled in 2010: 61,400

Expected Growth 2010-2020: 36%

Industrial-Organizational Psychologists

A relatively new field, Industrial-Organizational Psychologists enjoy solid growth prospects and solid pay. This may often require a doctorate, but the profession can be entered with only a bachelor’s degree. The work is interesting and the field is rather large with almost 175,000 employees. Add in a 22% growth rate through the 2010s, and things look bright for the profession.

2010 Average Compensation: $68,640/year

Education: Bachelor’s

Positions filled in 2010: 174,000

Expected Growth 2010-2020: 22.0%

Expected Positions to be Added; 2010-2020: 37,700

Software Developers, Systems Software

It probably comes as no surprise that software developers are both well paid and in demand. What may surprise you is that you rarely need more than a bachelor’s degree to excel in the profession. With a hefty $90,500 average salary and a 30% growth rate over the next 10 years, software development has an incredibly bright future. Not only that, but you will always have the chance of become the next Mark Zuckerberg.

2010 Average Compensation: $90,530/year

Education: Bachelor’s

Positions filled in 2010: 913,100

Expected Growth 2010-2020: 30%

Expected Positions to be Added; 2010-2020: 270,900

These career options are primed for growth in the future, but it is clear that a solid educational foundation is key.

Some of my other Hubs:

7 Surprising Careers that Pay More than $100,000

Migrating from a Full-Time Job to Self-Employment

Why are there so few great business leaders?

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Comments 3 comments

meow48 profile image

meow48 4 years ago from usa

interesting hub, thankyou for sharing it here. hopefully someone will read this and take it to heart. i wonder where business ranks in this? take care.


T. R. Brown profile image

T. R. Brown 4 years ago from Nashville, TN Author

Meow48,

Thanks for reading. I suspect many of the business jobs don't show up in the labor reports because there is such a large base of the jobs already in place. I'm sure they are growing, just not as quickly as some of these emerging careers.


meow48 profile image

meow48 4 years ago from usa

thankyou for answering my question. i was just curious. being a health care professional, and knowing that my baby boomer generation is growin older by the minute, health care, medical and science tech seem to be growing.

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