Fastest-growing jobs that pay over $100K Many Americans are struggling after the coronavirus pandemic devastated
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Fastest-growing jobs that pay over $100K
Many Americans are struggling after the coronavirus pandemic devastated the economy and led to millions of furloughs and layoffs. The younger generation just entering college or preparing for graduation will enter a marketplace rife with uncertainty. Still, there are plenty of careers that have shown fast growth in recent years and pay salaries of six figures or more.
Stacker breaks down 50 of these industries, the prerequisites for entering those fields, and how those jobs have been affected over the past year. We compiled a list of 50 fastest-growing jobs with average salaries of over $100,000 using 2019 data from the Bureau of Labor Statistics’ Employment Projections (released Sept. 1, 2020) and Occupational Employment Statistics (released March 31, 2020). The jobs are ranked by their 10-year projected employment change, and ties are broken by the projected employment in 2029. Any broad or vague groupings of jobs, as well as jobs that have “all other” in the name, were omitted from the list, as they do not reflect an accurate portrayal of one specific occupation.
The jobs listed in this article include transportation workers, judges and lawyers, and a bevy of STEM jobs (mathematicians, physics professors, and chemical engineers, to name a few). Different physicians and tech industry workers also make several appearances. Many of these professions necessitate postsecondary education or on-the-job training. Of course, more opportunities for lower-income citizens to gain access to these jobs are a growing concern for more Americans, as well as the need to invest in STEM education in communities that don’t have the same resources as more affluent communities.
Click through to find out which fast-growing jobs might be of interest to you, a family member, or even a youngster you may know who’s planning for the future, and be sure to check out Stacker’s other articles about the job market.
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#50. Airline pilots, copilots, and flight engineers
– Projected employment change 2019-2029: 2.8% — Employment in 2019: 85,500 — Projected employment in 2029: 87,900 (0.6 per 1,000 jobs) – 2019 average annual salary: $174,870
Before the coronavirus pandemic all but shut down the airline industry for weeks, pilots and flight engineers—the folks responsible for getting passengers from one destination to another through the air—were in a rapidly growing field. However, cadet pilots are facing an uncertain future, and some in the industry wonder if there will be a pilot shortage with people flying less.
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#49. Dentists, general
– Projected employment change 2019-2029: 2.8% — Employment in 2019: 132,100 — Projected employment in 2029: 135,700 (0.8 per 1,000 jobs) – 2019 average annual salary: $178,260
Traditionally, becoming a dentist requires four years of school. As dentists’ offices are opening up across the country and seeing patients for the first time in over six months, many mouths that missed regular checkups are showing more signs of wear than usual. In particular, cracked teeth are seemingly more common than before.
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#48. Mathematicians
– Projected employment change 2019-2029: 3.0% — Employment in 2019: 2,900 — Projected employment in 2029: 3,000 (0.0 per 1,000 jobs) – 2019 average annual salary: $107,280
Each year, mathematicians descend upon the January Joint Mathematics Meetings to learn about graduate programs and jobs in the industry. Mathematicians are experiencing an increase in notoriety, as their models are helping forecast the spread of COVID-19. The field will also see its regular bump in coverage as the presidential election nears.
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#47. Petroleum engineers
– Projected employment change 2019-2029: 3.2% — Employment in 2019: 33,400 — Projected employment in 2029: 34,400 (0.2 per 1,000 jobs) – 2019 average annual salary: $156,780
Petroleum engineers have one of the highest-paying undergraduate fields of study. Colleges in Texas and the West have some of the most recognized programs for studying petroleum engineering. Workers usually spend time in offices, as well as on oil-drilling and well sites.
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#46. Materials scientists
– Projected employment change 2019-2029: 3.4% — Employment in 2019: 7,000 — Projected employment in 2029: 7,200 (0.0 per 1,000 jobs) – 2019 average annual salary: $100,430
Materials scientists are engaged in studying futuristic work such as printed solar cells thin enough to rest on a soap bubble and dactyl clubs of the mantis shrimp. Top schools to study materials science include Harvard and several universities in Asia.
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#45. Judges, magistrate judges, and magistrates
– Projected employment change 2019-2029: 3.4% — Employment in 2019: 29,900 — Projected employment in 2029: 30,900 (0.2 per 1,000 jobs) – 2019 average annual salary: $128,550
Judges hold a variety of positions, including in district courts and circuit courts, while the ultimate goal for a judge would be reaching the Supreme Court. With only nine Supreme Court justice spots available, the political implications of the role are huge—as seen with the current situation surrounding Ruth Bader Ginsberg’s replacement so close to the election.
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#44. Transportation, storage, and distribution managers
– Projected employment change 2019-2029: 3.5% — Employment in 2019: 139,400 — Projected employment in 2029: 144,300 (0.9 per 1,000 jobs) – 2019 average annual salary: $103,320
Common fields related to these jobs include truck transportation and warehousing and storage. California and Texas are the two states with the highest employment levels for these managers, where the mean hourly wage nears $50.
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#43. Sales managers
– Projected employment change 2019-2029: 3.5% — Employment in 2019: 433,800 — Projected employment in 2029: 449,200 (2.7 per 1,000 jobs) – 2019 average annual salary: $141,690
Sales managers typically have a bachelor’s degree, although minimal-to-zero on-the-job training is usually required. Sales managers can work in automobile dealerships, selling nondurable and durable goods, and other industries. With a lot of uncertainty surrounding the economy, the Harvard Business Review advises sales managers to gather information from B2B publications, leverage senior executives, and honestly assess customer urgency.
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#42. Education administrators, postsecondary
– Projected employment change 2019-2029: 3.7% — Employment in 2019: 190,500 — Projected employment in 2029: 197,600 (1.0 per 1,000 jobs) – 2019 average annual salary: $112,400
Postsecondary administrators usually hold a master’s degree, with undergraduate study in social work, marketing, accounting, and education. The coronavirus pandemic has forced these administrators to scramble to find solutions for in-person and online learning, as well as maintaining the health of students and staff.
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#41. Education administrators, kindergarten through secondary
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#40. Biochemists and biophysicists
– Projected employment change 2019-2029: 4.0% — Employment in 2019: 34,600 — Projected employment in 2029: 36,000 (0.2 per 1,000 jobs) – 2019 average annual salary: $108,180
Biochemists and biophysicists around the country have been called upon to use their knowledge to help fight COVID-19. To become one of these important scientific researchers, you need a doctoral degree.
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#39. Lawyers
– Projected employment change 2019-2029: 4.0% — Employment in 2019: 813,900 — Projected employment in 2029: 846,300 (4.5 per 1,000 jobs) – 2019 average annual salary: $145,300
Lawyers usually complete seven years of college education, including three years of law school. Many lawyers have fretted over the lack of in-office work in 2020, suggesting it may reshape their industry. Divorce lawyers make up one sector, though, that has seen an uptick in business.
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#38. Optometrists
– Projected employment change 2019-2029: 4.3% — Employment in 2019: 44,400 — Projected employment in 2029: 46,300 (0.3 per 1,000 jobs) – 2019 average annual salary: $122,980
Optometrists earn a doctoral degree in optometry, which normally takes four years to complete, and must obtain a license to practice in their states. Some optometrists have suggested new technology to make patient visits more sanitary during the pandemic, while the American Optometric Association released guidelines for how optometrists should safely reopen practices.
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#37. Physics teachers, postsecondary
– Projected employment change 2019-2029: 4.4% — Employment in 2019: 17,100 — Projected employment in 2029: 17,800 (0.1 per 1,000 jobs) – 2019 average annual salary: $101,110
A majority of postsecondary physics teachers hold doctoral degrees. In addition to teaching, many engage in research; for example, focusing on antimatter and other important fields. Physics professors can also earn big bucks through prizes and awards; one professor at the University of Texas just took home $3 million for research.
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#35. Personal financial advisers
– Projected employment change 2019-2029: 4.4% — Employment in 2019: 263,000 — Projected employment in 2029: 274,600 (1.4 per 1,000 jobs) – 2019 average annual salary: $119,290
Most personal financial adviser’s obtain a bachelor’s degree, although a master’s degree and certifications can help with career advancement. With unemployment high and many small businesses closing, personal financial advisers have been in high demand in 2020.
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#34. Electrical engineers
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#33. Natural sciences managers
– Projected employment change 2019-2029: 4.8% — Employment in 2019: 71,400 — Projected employment in 2029: 74,800 (0.5 per 1,000 jobs) – 2019 average annual salary: $145,450
A majority of natural science managers earn advanced degrees. Managers with large staff tend to work in office settings, while those with smaller staffs usually spend more time in labs or traveling in the field.
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#32. Political science teachers, postsecondary
– Projected employment change 2019-2029: 4.9% — Employment in 2019: 19,800 — Projected employment in 2029: 20,800 (0.1 per 1,000 jobs) – 2019 average annual salary: $102,290
Political science professors hold advanced degrees and work at four-year institutions at a 7-to-1 ratio to junior colleges. Recently, these professors have been called upon to dissect everything from virtual learning to social justice protests.
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#31. Geoscientists, except hydrologists and geographers
– Projected employment change 2019-2029: 4.9% — Employment in 2019: 31,800 — Projected employment in 2029: 33,400 (0.2 per 1,000 jobs) – 2019 average annual salary: $108,350
Most geoscientists earn a bachelor’s degree with coursework in mineralogy, geology, and petrology. Many geoscientists have been evaluating and studying the wildfires tearing through the West Coast.
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#30. Computer network architects
– Projected employment change 2019-2029: 5.0% — Employment in 2019: 160,100 — Projected employment in 2029: 168,100 (1.0 per 1,000 jobs) – 2019 average annual salary: $115,110
When quarantines began earlier this year, many Americans wondered if our networks would be able to withhold the amount of people working and schooling from home. A majority of work is done in an office setting, with some architects working in a server room. Holding a bachelor’s degree in information systems or computer science is standard.
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#29. Economics teachers, postsecondary
– Projected employment change 2019-2029: 5.2% — Employment in 2019: 16,800 — Projected employment in 2029: 17,600 (0.1 per 1,000 jobs) – 2019 average annual salary: $119,160
Economics professors have been closely watching events unfold in recent months, as social, health, and employment issues have merged to create an unsteady national climate. Democratic vice-presidential nominee Kamala Harris is the daughter of an economics professor (her mother holds a degree in home science).
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#28. General and operations managers
– Projected employment change 2019-2029: 5.8% — Employment in 2019: 2,486,400 — Projected employment in 2029: 2,630,200 (16.3 per 1,000 jobs) – 2019 average annual salary: $123,030
These managers can work in restaurants, technical consulting services, or various other fields. General and operations managers earn the most in annual mean wage in New Jersey, although St. George, Utah, has one of the highest concentrations of such managers.
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#27. Political scientists
– Projected employment change 2019-2029: 6.1% — Employment in 2019: 7,000 — Projected employment in 2029: 7,400 (0.0 per 1,000 jobs) – 2019 average annual salary: $120,260
Political scientists will be called upon for thousands of quotes in election coverage from now through November. Many have been critical of late in regard to politicians’ meddling in health reports. Mostly all political scientists hold advanced degrees.
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#26. Family medicine physicians
– Projected employment change 2019-2029: 6.1% — Employment in 2019: 119,300 — Projected employment in 2029: 126,600 (0.7 per 1,000 jobs) – 2019 average annual salary: $213,270
Family medicine physicians complete extensive postgraduate studies in medical school. This year, these physicians have had to deal with a multitude of problems, including families worried about children returning to school and cases of Kawasaki Syndrome. Independent family medicine physicians have struggled to stay afloat during the pandemic.
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#25. Sales engineers
– Projected employment change 2019-2029: 6.3% — Employment in 2019: 64,500 — Projected employment in 2029: 68,600 (0.4 per 1,000 jobs) – 2019 average annual salary: $112,780
Sales engineers typically hold a bachelor’s degree, but there’s no requirement for one. For example, workers with sales experience sometimes become sales engineers. As opposed to most salespersons, sales engineers also give technical presentations for their products.
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#24. Human resources managers
– Projected employment change 2019-2029: 6.3% — Employment in 2019: 165,200 — Projected employment in 2029: 175,600 (1.1 per 1,000 jobs) – 2019 average annual salary: $129,570
A human resources (HR) manager normally obtains a bachelor’s degree, with many pursuing MBAs. The pandemic has forced HR managers to reassess not only hiring practices but also what offices and workplaces will look like in the future,
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#23. Marketing managers
– Projected employment change 2019-2029: 6.7% — Employment in 2019: 286,300 — Projected employment in 2029: 305,400 (1.8 per 1,000 jobs) – 2019 average annual salary: $149,200
A bachelor’s degree with concentrations in business law, management, and economics is the standard for most marketing managers. This summer, marketing managers have had to navigate how to push their products in the midst of a pandemic and rising calls for racial equality. Some companies have been criticized for their approaches in trying to be on brand with social movements.
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#22. Law teachers, postsecondary
– Projected employment change 2019-2029: 6.9% — Employment in 2019: 21,300 — Projected employment in 2029: 22,800 (0.1 per 1,000 jobs) – 2019 average annual salary: $129,950
Law professors have been a leading resource for colleges as they navigate legal ramifications for opening campuses this fall. Law professors have also been regularly cited in reports on alleged infractions by the current administration. In addition to completing law school, law professors usually have extensive experience running a practice.
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#20. Training and development managers
– Projected employment change 2019-2029: 7.3% — Employment in 2019: 42,300 — Projected employment in 2029: 45,400 (0.3 per 1,000 jobs) – 2019 average annual salary: $123,470
You can find a training and development manager in almost every industry. Managers oversee daily activities, conduct training that matches business goals, and work with managers in other departments. Many of these managers hold a bachelor’s degree.
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#19. Construction managers
– Projected employment change 2019-2029: 8.5% — Employment in 2019: 476,700 — Projected employment in 2029: 517,100 (2.0 per 1,000 jobs) – 2019 average annual salary: $105,000
Construction managers receive a lot of on-the-job training before ascending to their posts. Many managers had to stop projects when work was put on hold during the pandemic. Managers also have had to take into consideration CDC guidelines for their workers, many of whom work in confined spaces.
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#18. Engineering teachers, postsecondary
– Projected employment change 2019-2029: 8.6% — Employment in 2019: 44,600 — Projected employment in 2029: 48,400 (0.2 per 1,000 jobs) – 2019 average annual salary: $112,110
Many engineering professors have pushed to invent methods that combat the spread of coronavirus, like new nasal sprays and testing for which type of mask best prevents the spreading of germs. After earning postgraduate degrees, engineering professors compete for millions in grants and awards each year.
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#17. Commercial pilots
– Projected employment change 2019-2029: 9.1% — Employment in 2019: 41,600 — Projected employment in 2029: 45,400 (0.3 per 1,000 jobs) – 2019 average annual salary: $102,870
All paid pilots in the U.S. must earn their license from the Federal Aviation Administration (FAA). Airline pilots must also have an FAA-issued Airline Transport Pilot certificate. Many pilots were laid off when the coronavirus pandemic all but shuttered air travel for several months.
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#16. Computer and information systems managers
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#15. Nurse midwives
– Projected employment change 2019-2029: 11.6% — Employment in 2019: 7,200 — Projected employment in 2029: 8,100 (0.0 per 1,000 jobs) – 2019 average annual salary: $108,810
Nurse midwives’ credentials include a master’s degree and a license for registered nurses in their states, an advanced practice registered nurses (APRN) license for their states, and a passing grade on a national certification exam. Many nurse midwives have been helping on the front lines in response to the pandemic. A California bill seeks to enhance the roles of nurse midwives.
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#14. Psychiatrists
– Projected employment change 2019-2029: 11.9% — Employment in 2019: 27,900 — Projected employment in 2029: 31,300 (0.2 per 1,000 jobs) – 2019 average annual salary: $220,430
Psychiatrists must obtain the same credentials as other physicians, as well as certification from the American Board of Psychiatry and Neurology. During quarantine orders, many psychiatrists moved to online sessions with patients. Mental health issues related to COVID-19 are expected to continue for months to come, making the work of psychiatrists even more important.
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#13. Business teachers, postsecondary
– Projected employment change 2019-2029: 12.0% — Employment in 2019: 105,100 — Projected employment in 2029: 117,700 (0.6 per 1,000 jobs) – 2019 average annual salary: $105,440
There are almost four times as many business professors at four-year colleges compared to junior colleges. Because of the current economy, some business professors are changing curriculum to adjust to teaching entrepreneurship during a recession.
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#12. Nurse anesthetists
– Projected employment change 2019-2029: 13.7% — Employment in 2019: 44,900 — Projected employment in 2029: 51,000 (0.3 per 1,000 jobs) – 2019 average annual salary: $181,040
Nurse anesthetists must receive the same certifications as nurse midwives. In Arizona, the governor is trying to enact an order that makes the state exempt from “a federal regulation requiring Certified Registered Nurse Anesthetists (CRNAs) to be supervised by a physician.” Over 1,400 doctors have signed a petition voicing concern over the order.
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#10. Computer and information research scientists
– Projected employment change 2019-2029: 15.4% — Employment in 2019: 32,700 — Projected employment in 2029: 37,700 (0.2 per 1,000 jobs) – 2019 average annual salary: $127,460
Although a master’s degree is recommended for most computer and information research scientists, federal jobs may only require a bachelor’s degree. These scientists regularly work in teams with engineers and have a strong base of multidisciplinary skills.
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#9. Financial managers
– Projected employment change 2019-2029: 15.5% — Employment in 2019: 697,900 — Projected employment in 2029: 806,000 (4.5 per 1,000 jobs) – 2019 average annual salary: $147,530
Financial managers usually have five years of experience in accounting, as a financial analyst, or as a securities sales agent. Financial managers have had to reassess views on financial risk during the pandemic; even a strong stock market is proving baffling for many in the industry.
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#8. Veterinarians
– Projected employment change 2019-2029: 15.9% — Employment in 2019: 89,200 — Projected employment in 2029: 103,400 (0.5 per 1,000 jobs) – 2019 average annual salary: $104,820
Veterinarians, who need a state license and doctor of veterinary medicine degree from an accredited school, are receiving an influx of patients since their offices have opened back up. Many are also incorporating telemedicine into their practice, with many animal owners questioning if their pets can become infected with COVID-19.
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#7. Actuaries
– Projected employment change 2019-2029: 17.6% — Employment in 2019: 27,700 — Projected employment in 2029: 32,600 (0.2 per 1,000 jobs) – 2019 average annual salary: $120,970
Actuaries, who pass a series of exams to become certified professionals, “analyze the financial costs of risk and uncertainty,” according to the BLS. Recently, Elon Musk put out a call for “revolutionary actuaries” for a Tesla insurance company. Actuaries in the insurance industry usually focus on one specific field.
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#6. Health specialties teachers, postsecondary
– Projected employment change 2019-2029: 20.5% — Employment in 2019: 254,000 — Projected employment in 2029: 306,100 (1.4 per 1,000 jobs) – 2019 average annual salary: $121,620
New York employs the most postsecondary health specialty teachers. These educators focus on courses dealing with specialties like dentistry, pharmacy, public health, therapy, and veterinary medicine. Health specialties professors generally do not teach nursing or medical science.
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#5. Software developers and software quality assurance analysts and testers
– Projected employment change 2019-2029: 21.5% — Employment in 2019: 1,469,200 — Projected employment in 2029: 1,785,200 (9.6 per 1,000 jobs) – 2019 average annual salary: $111,620
These software workers predominately work in computer systems design and software publishing. While some software companies like Zoom saw a burst in notoriety during the pandemic, a lot of companies had to pause hiring. Other software developers are focusing on more hands-free and remote-working programs.
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#4. Information security analysts
– Projected employment change 2019-2029: 31.2% — Employment in 2019: 131,000 — Projected employment in 2029: 171,900 (0.9 per 1,000 jobs) – 2019 average annual salary: $104,210
Some employers mandate that information security analysts have a Master of Business Administration degree. The work of information security analysts has become increasingly important as companies and civilians worry about the power of cyberattacks and how information on systems is being shared unknowingly.
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#3. Physician assistants
– Projected employment change 2019-2029: 31.3% — Employment in 2019: 125,500 — Projected employment in 2029: 164,800 (0.8 per 1,000 jobs) – 2019 average annual salary: $112,410
Many physician assistants earn a master’s degree. Although many physician assistants jumped onto the front lines early in the pandemic, thousands were eventually furloughed. In rural and underserved communities, physician assistants often fill in as primary care physicians.
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#2. Medical and health services managers
– Projected employment change 2019-2029: 31.5% — Employment in 2019: 422,300 — Projected employment in 2029: 555,500 (2.7 per 1,000 jobs) – 2019 average annual salary: $115,160
Also known as health care administrators or health care executives, these managers coordinate entire medical facilities, clinics, or groups of physicians. Some managers became embroiled in controversy when they investigated health care workers sharing video or data about how physicians were overwhelmed early in the pandemic. A master’s degree is common for a medical and health services manager.
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