Quickest career paths for earning $1 million

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Want to get on the millionaire track? Here’s a look at nine jobs in which you can amass $1 million in gross earnings in about a decade, give or take.

hink you need to be a doctor or a lawyer to make $1 million? Think again.
A wide variety of jobs can put you on track to becoming a millionaire, including familiar jobs like actuary and airline pilot, and less-familiar ones, like reservoir engineer.

Many of these jobs require only a bachelor’s degree, and none demand more than a master’s. They do require a certain amount of technical skill, however, and having that skill is what makes people who do these jobs so well-compensated.

Anything with any kind of a technical background is a good place to go in terms of salary growth. The health care industry and the IT industry have been growing tremendously. Those jobs are in high demand now, and that has a strong relationship to pay. The key is that not everyone can do these jobs, so there’s not an overabundance of job candidates.”

Here are some jobs that will have you earning $1 million in 10–12 years.

Actuary
Actuaries work in insurance companies or brokerage firms and use statistical data to assess the financial risk involved in certain investments or insuring businesses or people.
Median pay with 15 years’ experience: $131,000
Typical degree level: Bachelor’s
Years to $1 million: 10

Airline pilot, copilot, or flight engineer
Pilots transport people and cargo via aircraft (planes, helicopters, etc.).
Median pay with 15 years’ experience: $127,000
Typical degree level: Bachelor’s
Years to $1 million: 12

Clinical trial manager
These managers create and execute clinical trials in accordance with current regulations and standards. They also analyze data on the trial results and present their findings in a report.
Median pay with 15 years’ experience: $112,000
Typical degree level: Bachelor’s
Years to $1 million: 11

Compensation manager
Compensation managers research, create, and maintain a company’s pay system. To do this, they must be knowledgeable about employee payment and benefit trends.
Median pay with 15 years’ experience: $102,000
Typical degree level: Bachelor’s
Years to $1 million: 11

Data scientist
Data scientists take information (data) and organize, analyze, and interpret it.
Median pay with 15 years’ experience: $112,000
Typical degree level: Master’s
Years to $1 million: 11

Network architect
Network architects design and build data communication networks that meet the needs of a company, whether it’s for a few people in an office or thousands of people across the planet.
Median pay with 15 years’ experience: $116,000
Typical degree level: Bachelor’s
Years to $1 million: 12

Petroleum geologist
Similar to reservoir engineers, petroleum geologists determine the location and size of oil and other types of fuel from the land and ocean, and come up with a plan of extraction.
Median pay with 15 years’ experience: $146,000
Typical degree level: Master’s
Years to $1 million: 10

Reservoir engineer
Using computer modeling and imaging programs, reservoir engineers locate oil and natural gas reserves in underground reservoirs.
Median pay with 15 years’ experience: $137,000
Typical degree level: Bachelor’s
Years to $1 million: 10

Wholesaler, financial services
Whereas retail banking services individuals and small businesses, wholesale banking deals with large companies and institutions with lots of assets and business transactions.
Median pay with 15 years’ experience: $144,000
Typical degree level: Bachelor’s
Years to $1 million: 10

In a hurry to earn big money? Do this next
Let’s face it: Success takes a lot of hard work, dedication, and—you guessed it—time. But as this article shows, certain jobs can earn you more money more quickly than others. Want a good, high-paying job, but don’t know where to start? Join eJobXchange today.

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