The decision on what profession to follow is complicated, and there are several considerations to take into consideration. Your goal is to find a position that is well-suited to your skillset and needs, as well as your previous work experience, personal interests, and personality. However, you may also desire a position that offers a competitive salary—and that’s perfectly OK. If you’re searching for a well-paying career, the issue is: what are the greatest positions to consider?
Physicians are among the “highest paid jobs” in the country, according to the Bureau of Labor Statistics, which also ranks psychiatrists, obstetricians, gynecologists, and surgeons among the top paid. They earn a median pay of $208,000 per year, with a 3 percent increase in earnings expected over the next decade, which equates to around 24,800 positions. That income is approximately three times the yearly median wage in the United States. These findings are consistent with the most recent Glassdoor analysis on the “25 highest-paid careers in America,” which places physicians at the top of the list, ranking them as one of the best-paid professions in the country. The company’s annual report did not include positions at the C-suite level.
According to Glassdoor’s 2019 study, physicians earned median annual pay of $193,415 after accounting for characteristics such as location and degree of seniority, as well as job-title normalization, which groups similar job titles together.
However, medical education comes with a high price tag attached to it. According to the Education Data Initiative, the average medical school graduate owes around $241,600 in total student-loan debt, which includes both federal and private loans. Specifically, it states that “the average medical school graduate owes six times as much as the average college graduate.” According to the group, the total amount of debt has nearly quadrupled when adjusted for inflation over the previous two decades.