Becoming a millionaire is a dream for all of us. When we think about the highest paid people in the world, we think about celebrities and professional athletes, who are constantly in the spotlight with their new deals being signed and then broadcast around the world.
But playing in-front of millions or recording new music in a studio aren’t the only ways to crack the 6 or 7 figure income.
If you work hard enough, having a big figure salary can be more than just a dream. But first you need to choose the right career path.
Table of Contents
- 1 Talent and Entertainment
- 2 Information and Communication Technology
- 3 Managerial roles in ICT can pay a six figure income around $130,000, and product management and development pays around $120,000 a year in annual income.
- 4 Engineering
- 5 Computer engineers are tasked with designing, improving and creating computer software or hardware. With the world digitalising everything, the demand for computer engineers and their unique skills has never been higher.
- 6 Lawyer
- 7 Surgeon
Talent and Entertainment
The sports and entertainment industries offer a large pay-day for anyone who makes it to the top.
The average professional basketball player in the NBA earned $6.2 million this season, and actor Idris Elba is projected to earn $8 million this year under his contract.
Whilst it is important to dream big and look up to celebrities, they are extremely talented in their field of choice and are usually one-of-a-kind unique individuals.
Now that we have established where celebrities stand compared to the average worker, we can now look at some realistic career choices that can still bring in the big bucks.
Information and Communication Technology
Most if not all companies have an online presence in 2019. With increased online traffic, and more use of digital systems, the demand and salary rate for people who work in ICT has greatly increased compared to years past.
Highly skilled IT managers are vital to ensure a business’ digital processes run as planned, and they are rewarded with a high salary.
Managerial roles in ICT can pay a six figure income around $130,000, and product management and development pays around $120,000 a year in annual income.
A career in engineering in 2019 will most definitely put you on the top earners list. Engineering offers many different pathways, each offering different figure income jobs depending on tasks within the role.
They are always working to solve new problems and fix bugs in systems, and have to have an extensive knowledge of the why and how of system frameworks.
Computer engineers are tasked with designing, improving and creating computer software or hardware. With the world digitalising everything, the demand for computer engineers and their unique skills has never been higher.
Aerospace engineers specialise in air and spacecraft. In order to become an aerospace engineer, you must study how aircraft systems work, which involves elements from electrical, mechanical and computer engineering fields.
Electrical engineering is also one of the highest paying jobs. Electrical engineers take on a wide range of tasks, such as installing wiring and lighting, setting up electrical equipment and even researching and developing new devices.
In order to become an electrical engineer, you need to complete a bachelor’s degree, and depending on the company that employs you, you could find yourself designing systems to light up facilities or working on robotic technology.
Being a lawyer is one of the highest paid jobs, but rightfully so with the amount of effort and hours that it takes.
In Australia, to become a lawyer, you must complete a law degree (or the equivalent) and also have worked through a Practical Legal Training program, which gives you a Graduate Diploma of Legal Practice.
Becoming a surgeon is a very long process that requires hard work and dedication but is rewarding in the end.
Most medical degrees have an extensive list of prerequisites that must be completed before gaining entry into the course, and then most medical degrees (in Australia) take around 4-6 years to complete.
After that, you can undertake internships or placements with hospitals, and then once you have gained enough experience you can apply to complete a Fellowship of the Royal Australasian College of Surgeons, which can take 5 years or more depending on the type of surgeon you want to become.
The possibilities include general surgery, neurosurgery, orthopaedic surgery, plastic and reconstructive surgery, vascular surgery, paediatric surgery, head and neck surgery and urology.
These occupations show that you don’t have to be an artist, actor or athlete to earn a grand sum of money.
Other careers earning a six-figure salary can include Real Estate Agents, Sales Representatives, small business owners and Air Traffic Controllers; many of these income streams require college degrees and a lot of hard work.
So what you need to have is persistence and dedication (plus good money saving skills) to get into the six or seven figure jobs you’ve dreamed of.