Saturday, July 4, 2020

How to earn six figures without an M.D. or Doctorate

How to earn six figures without an M.D. or Doctorate One question I receive rather frequently is whether or not an MBA or Masters degree is worth it in the world of career advancement. Theres no easy answer to this question because the answer is entirely subjective based on your career goals, target industry, etc.  However if youre after career advancement for a higher salary, there are options available that dont require years of added study or outrageous tuition payments. The Ladders recently released  a study  that reveals  the highest paying professions for graduates with a bachelors degree or less.  The job board analyzed salary and career data from 1.9 million U.S. professionals without Masters degrees between 2014 and 2015 and produced the following list of careers based on earning potential, average salary and top earners.  Here are the top 10 highest paying career paths that will have you earning some serious dough with nothing more than a bachelors degree (or less in some cases): 1. Sales Operations Earning Potential: $213,852 (19% of professionals earned over $150,000 annually) Average Entry-Level Salary (Under 5 Years Experience): $77,896 Target Job Titles: Director of Sales Operations (Avg: $126,000), Sales Operations Manager (Avg: $86,000). 2. Sales (B2C, B2B) Earning Potential: $213,538  (20% of professionals earned over $150,000 annually) Average Entry-Level Salary (Under 5 Years Experience):$77,433 Target  Job Titles: Director of Sales, (Avg: $130,000), Regional Sales Director (Avg: $137,000), Account Executive(Avg: $94,000).  3.Business Development Earning Potential: $211,590 (24% of professionals earned over $150,000 annually) Average Entry-Level Salary (Under 5 Years Experience): $83,348 Target Job Titles: Director of Business Development  (Avg: $124,000), Manager, Business Development (Avg: $104,000).  4.Supply Chain Logistics Earning Potential: $211,458 Average Entry-Level Salary (Under 5 Years of Experience): $77,573 Target Job Titles: Director of Logistics (Avg: $120,000), Supply Chain Consultant (Avg: $115,000), Global Supply Chain Manager (Avg: $118,000).  5.Product Brand Marketing Earning Potential: $211,033 (11% of professionals earned over $150,000 annually) Average Entry-Level Salary (Under 5 Years of Experience): $73,583 Target Job Titles: Senior Brand Manager (Avg: $131,000), Product Marketing Manager (Avg: $103,000). 6. Digital Marketing Earning Potential: $209,755 Average Entry-Level Average (Under 5 Years of Experience): $73,263 High Earning Jobs:  Director of Digital Marketing (Avg: $125,000), Digital Marketing Manager (Avg: $83,000) 7. Public Relations Communications Earning Potential: $209,747 Average Entry-Level Average (Under 5 Years of Experience): $62,127 High Earning Jobs: Communications Director (Avg: $100,000), Director of PR (Avg: $96,000). 8. Plan Facilities Management Earning Potential: $209,202 Average Entry-Level Average (Under 5 Years of Experience): $80,997 Hot Jobs: Director of Facilities Management (Avg: $108,000). 9. Customer Service Earning Potential: $208,577 Average Entry-Level Average (Under 5 Years of Experience): $62,127 Target Job Titles: Director of Customer Service (Avg: $107,000). 10. IT Management Consulting Earning Potential: $204,634 (13% of professionals earned over $150,000 annually) Average Entry-Level Average (Under 5 Years of Experience): $93,328 Target Job Titles: Director of Project Management (Avg: $128,000), IT Project Manager  (Avg: $100,000), IT Consultant (Avg: $97,000). What are your thoughts on these career paths and earning potential?  Do you know of other career paths that offer similar earning potential without an advanced degree?  Share your thoughts in the comments below and get the conversation rolling!

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