In the 21st century, career demands have increased and many careers require a significant amount of school. Doctors, lawyers, scientists, and teachers all require specialized training that prepares them for work in their fields. Not only do they need to earn college degrees, but many must go on to postgraduate work that is both rigorous and extensive. The cost of this additional education can be high, but many of the careers on this list offer great monetary and personal rewards.
StudySoup used 2020 data from the Bureau of Labor Statistics’ Employment Projections to compile a list of the 25 highest-paying occupations that require the most schooling. All of the jobs on this list require workers to have either a doctorate or a professional degree, which is usually an additional three to four years of schooling after receiving a bachelor’s degree. The BLS lists 63 occupations as requiring this type of education, and this story ranks them by the median annual wage in 2020, with ties being broken by each job’s 2019 employment. Any occupation that has “all other” in its name was omitted from the list, as these are typically groups of jobs and are not representative of a single profession.
Several facts stand out, both from the BLS data and this list. Of the 63 occupations listed in the BLS as needing a doctorate or professional degree, 20 were in the medical field (31.7%), 34 were in the higher education field (54%), and four were in the legal field (6.3%), while the rest of the jobs were in miscellaneous fields. Representing a variety of fields, 20% of the careers on this list involve postsecondary teaching. The medical field is a lucrative one and has the 10 highest-paying jobs on the list.
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