One Way to a Six-Figure Income: Higher Education
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Home Page > Education > College andUniversity > One Way to a Six-Figure Income: Higher Education
One Way to a Six-Figure Income: Higher Education
Posted: Oct 08, 2009 |Comments: 0 |
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In today’s economy, it can feel as if there are few jobs to be had, muchless ones with six-figure salaries attached. However, there are careers to befound in a range of fields that can boost your earning power. What’s more, youcan achieve a high income without a bachelorsdegree doctorate or a law degree.
Of course, achieving a six-figure salary will always require hard work andmotivation. There are no free rides or successful get-rich-quick schemes.Sometimes continuing your education is the best way to prepare for a newcareer.
Below are some steps that may help you take your current salary tonew heights.
Consider the benefits of online education.
Online training programs offer an alternative to traditional in-classroomeducation that can be very appealing for working students. Pursuing an onlinedegree, whether it’s a bachelor’s, associate’s, or higher, allows you to studyfrom home, at your own pace, so you can keep your current job while trainingfor a better one.
Scenario 1: Earn a two-year associate’s degree.
Believe it or not, there are some high-paying careers out there that you canprepare for with about two years of study. For example, court reporters areknown to pull in six-figure salaries, and often train for their careers withjust one year to 33 months of study. If you’re surprised to see this career onthe list, consider that court reporters often take on freelance work inaddition to their regular hours to significantly boost their incomes. While theaverage salary for a court reporter technically weighs in at about $48,000,many use freelance opportunities to top the $100,000 mark.
Scenario 2: See where a bachelor’s degree can take you.
Train for a career in fine arts, finance, or technology, and findhigh-paying careers in each area. Art directors average about $83,000 annually,with the top 25 percent earning over $100,000 per year. Many art directors holda onlinebachelors degree in fine arts. Some begin their careers as graphic artistsin advertising, publishing, design, or film, and work their way up to theposition of art director while proving themselves through experience and hardwork.
In the financial sector, actuaries pull in hefty salaries assessing risksand their financial impacts while often working for insurance companies. Themean annual salary for an actuary is $95,420. A bachelor’s degree inmathematics, statistics, actuarial science, or business should offer solidfooting for you to embark upon this career path.
If your interests lie in technology and IT, consider becoming a Web systemsmanager. The mean annual salary for this career is $113,880, according to theBureau of Labor Statistics. The top 25 percent can earn over $136,000 per year.A bachelor’s degree is a common requirement for IT managers, along with astrong knowledge of computers and management practices. A degree in managementinformation systems may be especially helpful.
Scenario 3: Looking beyond a bachelor’s — let education take youhigher.
If you already hold a bachelordegrees and are looking to advance within your current field, consider theoptions that might be possible with a master’s degree.
Becoming an educational administrator can be a great option for teacherslooking to advance their careers with a two-year master’s degree. In mostcases, a master’s in educational administration or educational leadership isrequired, as well as related experience in teaching or schooladministration.
A high school principal might expect to earn around $92,000 annually,according to the BLS, while a chief academic officer can earn over $140,000 peryear.
Look into further career training.
Research your potential new career, what further experience you might need,and how to get it. In today’s fast-paced job market, current job skills areessential, especially if your career involves using computers or technology inany way. Many professionals remain at the top of their careers with shorteducational stints or extra certifications in their fields.
Do what makes you happy — the money will follow.
You’ve heard it from everyone from your mom to Oprah: Do what makes youtruly happy, and the financial side of things will fall into place. While itmay be difficult to swallow this notion when you’re about to leap into a careerchange, you will likely be happy you did, especially if you follow theseguidelines.
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danaray - About the Author:
Dana Ray is a professional Educational Consultant and helping the studentsto accomplish their educational projects online degree since many years. Shegot a vast experience in her field and is ready to help students with herskills and knowledge author currently associated with Wilson StateUniversity.
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Role of open and distance learning in the enhancement of gross enrollment ratioin the area of higher education in j&k state I obtained an education loan from a nationalized bank in Delhi in 2004September, to go abroad for PHD in social science.On returning back in 2008,still jobless,unable to pay EMI for last 3 months How internet can influence in our day to day life?in what ways internet isapplied in the field like railways,air ticket booking system,medical serviceand education?
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Dana Ray is a professional Educational Consultant and helping the studentsto accomplish their educational projects online degree since many years. Shegot a vast experience in her field and is ready to help students with herskills and knowledge author currently associated with Wilson StateUniversity.