More than 1,000 millennials were interviewed and asked to rate what job factor mattered to them the most on a scale of 1 to 9. The choices included salary, future job prospects, unemployment rate, and millennial share. Other choices included work and life balance, stress level, expected job growth and more. The highest job factor, according to the US News' Best Jobs for Millennials Survey, turned out to be salary with an overall rating of 6.47, followed by work-life balance with a 6.3 rating. Based on this survey, the millennial generation gravitates towards careers that pay the most. But with so many career prospects, it can be confusing to known which one is best suited for you. And since you don't really want to end up in a dead-end, soul-sucking job 10 to 20 years from now, here is a list of the five most lucrative careers that you can choose from. These lucrative careers can allow you to make money you want to create the life of your dreams.
1. Web Developer
Although computer science as a profession has been around for decades, the job market only started to become lucrative at the turn of the 21st century, with the number of tech startups and technologies skyrocketing, which pushed demand for tech-savvy professionals in a relatively short period of time. As an entry-level web developer, you can make as much as $90,000 a year, with experienced developers collecting as much as $120,000. Working for large companies, like Google and Amazon, can also reward stock options, which can be worth as much as one year's worth of salary. Web developers create, maintain, and debut websites, platforms, and tools. The development process is divided into front-end or client-side and back-end or server-side. Some developers, known as full-stack developers, work on both sides of the project.
2. Financial Adviser
With a median salary of $118,000, financial advisers definitely merit a spot on the list. While the pay rate is competitive, expect to work under high levels of stress. From evaluating returns on investment portfolios to reviewing taxes, financial advisers assist their clients on how to safely and/or quickly grow their savings or retirement account. Financial advisers typically have a background in Economics, Finance, or even Psychology. Those who work in financial advisory should also have good communication and listening skills. When not directly talking to clients, financial advisers are out networking and assembling engaging presentations that can draw in new leads and potential customers.
3. Mechanical Engineer
At a modest salary of $89,000 a year, mechanical engineers are the less popular but highly paid professions that millennials should look into. If you like working hands-on and seeing the physical output from your hard work, a career in mechanical engineering may be an ideal fit. Mechanical engineers envision, construct, and analyze mechanical equipment and tools including batteries, turbines, generators, and motors. Mechanical engineers must be good at arithmetic, working in teams, and coming up with creative solutions and new angles to solve real-world issues. While their work mostly revolves around creating tangible products, they use software on a day-to-day basis, hence technical skills also become vital.
4. Data Scientist
Data scientists, as the name implies, extracts value out of large chunks of information that a business collects. They help companies understand their respective markets better, reduce costs, and increase profit margins. As a data scientist, you'll proactively fetch data from different sources, such as scraping from other websites or paying third-party companies for it. Data scientists frame the problem and then collect the raw data necessary to solve it. If the raw data is unavailable, they have to create tools and algorithms that can produce the said data. The starting salary for data scientists is at $61,000 while higher level data scientists make as much as $140,000.
5. Environmental Engineer
With climate change continuing to become a major problem that humanity faces, more nature lovers with a scientific focus are needed to correct and reverse it. Millennials with an aptitude in biology, chemistry, and/or engineering theories can pursue a career in environmental engineering. The median annual salary is $88,000 or an hourly rate of $41. As an environmental engineer, you will work on projects that involve designing and creating more eco-friendly and sustainable machines and systems for resource use, pollution control, and recycling. Their professional output influences not just the natural resources and health of the planet, but also the public's health and government regulations surrounding it. And while most environmental engineers spend their time in the office, they are given opportunities to travel and work offsite.