Using Analyst we took a look at the highest-paying jobs from 2007-2011. What we were interested to see is what jobs come up, how they are performing, and if we can sense any trends that might help jobseekers over the coming year.
- There are 40 jobs (based on SOC codes) that pay over $40 per hour.
- The highest-paying job in America appears to be oral and maxillofacial surgeons, which pays about $80 per hour. This year an estimated 8,000 work in this career and since 2007 only 281 new positions were added (note: this doesn’t include potential turnover that could have occurred).
- The fastest-growing job on the list is petroleum engineers, which grew by nearly 30% and 6,700 jobs. At $50 per hour, the pay is good and it only requires a bachelor’s degree. All you aspiring engineers, this one might be a good one to check out.
- With an estimated 37,450 new jobs, physicians and surgeons had the largest amount of growth in five years. Nationally, it pays about $73 an hour and 833,000 people hold this job.
- General operations managers lost the most jobs from ’07-11. This occupation declined by 152,000 in five years and shed 8% of its workforce. Currently 1.75 million people have this job, which pays about $43 per hour.
- The job that declined by the highest percentage is industrial production managers, which lost 13% of its workforce. Industrial production managers, which pays $40 per hour, is the only occupation on the list that requires below a bachelor’s degree. Currently, 150,000 people have this job.
|SOC Code||Description||2007 Jobs||2011 Jobs||Change||% Change||2011 Median Hourly Wage||Education Level|
|29-1022||Oral and maxillofacial surgeons||7,702||7,983||281||4%||$79.79||First professional degree|
|29-1023||Orthodontists||8,095||8,345||250||3%||$75.56||First professional degree|
|29-1069||Physicians and surgeons||795,362||832,812||37,450||5%||$72.98||First professional degree|
|53-2011||Airline pilots, copilots, and flight engineers||84,102||78,681||(5,421)||(6%)||$63.19||Bachelor's degree|
|29-1029||Dentists, all other specialists||7,240||7,588||348||5%||$60.57||First professional degree|
|29-1021||Dentists, general||128,580||132,173||3,593||3%||$57.39||First professional degree|
|11-9041||Engineering managers||191,018||177,473||(13,545)||(7%)||$55.39||Degree plus work experience|
|23-1023||Judges, magistrate judges, and magistrates||26,234||25,059||(1,175)||(4%)||$54.25||Degree plus work experience|
|11-9121||Natural sciences managers||45,354||47,554||2,200||5%||$52.91||Degree plus work experience|
|53-2021||Air traffic controllers||22,732||23,756||1,024||5%||$52.76||Long-term on-the-job training|
|29-1051||Pharmacists||263,353||265,712||2,359||1%||$52.30||First professional degree|
|11-3021||Computer and information systems managers||321,413||318,495||(2,918)||(1%)||$50.74||Degree plus work experience|
|17-2171||Petroleum engineers||24,609||31,378||6,769||28%||$50.05||Bachelor's degree|
|19-3094||Political scientists||4,104||4,527||423||10%||$48.09||Master's degree|
|29-1024||Prosthodontists||874||937||63||7%||$47.14||First professional degree|
|11-9032||Education administrators, elementary and secondary school||254,943||258,096||3,153||1%||$46.86||Degree plus work experience|
|11-2021||Marketing managers||207,577||204,817||(2,760)||(1%)||$46.43||Degree plus work experience|
|17-2061||Computer hardware engineers||70,435||68,040||(2,395)||(3%)||$46.30||Bachelor's degree|
|11-3049||Human resources managers, all other||66,075||64,528||(1,547)||(2%)||$45.16||Degree plus work experience|
|15-1011||Computer and information scientists, research||29,168||30,648||1,480||5%||$44.73||Doctoral degree|
|11-1011||Chief executives||613,992||617,500||3,508||1%||$44.72||Degree plus work experience|
|23-1011||Lawyers||878,821||853,566||(25,255)||(3%)||$44.09||First professional degree|
|17-2011||Aerospace engineers||74,346||74,321||(25)||0%||$43.93||Bachelor's degree|
|11-1021||General and operations managers||1,903,174||1,750,853||(152,321)||(8%)||$42.63||Degree plus work experience|
|15-1032||Computer software engineers, systems software||418,908||430,792||11,884||3%||$42.45||Bachelor's degree|
|17-2041||Chemical engineers||30,995||29,213||(1,782)||(6%)||$41.62||Bachelor's degree|
|11-2022||Sales managers||405,825||389,738||(16,087)||(4%)||$41.42||Degree plus work experience|
|29-1041||Optometrists||44,827||46,878||2,051||5%||$41.35||First professional degree|
|17-2072||Electronics engineers, except computer||147,925||138,966||(8,959)||(6%)||$41.25||Bachelor's degree|
|11-3042||Training and development managers||30,743||30,267||(476)||(2%)||$41.12||Degree plus work experience|
|11-3041||Compensation and benefits managers||38,096||37,112||(984)||(3%)||$40.62||Degree plus work experience|
|17-2161||Nuclear engineers||20,902||21,470||568||3%||$40.58||Bachelor's degree|
|29-1071||Physician assistants||74,596||82,598||8,002||11%||$40.53||Bachelor's degree|
|23-1021||Administrative law judges, adjudicators, and hearing officers||12,867||13,008||141||1%||$40.35||Degree plus work experience|
|11-3051||Industrial production managers||171,117||149,012||(22,105)||(13%)||$40.27||Work experience in a related field|
|11-3061||Purchasing managers||77,673||73,396||(4,277)||(6%)||$40.23||Degree plus work experience|
|Source: EMSI Complete Employment - 2011.3|
Here is a quick look at how the jobs are distributed:
- 28% of the jobs are management occupations
- 25% of the jobs are related to healthcare
- 15% of the jobs are computer and mathematical science occupations
Not surprisingly, most of the jobs require a decent amount of higher eduction.
- 35% of the jobs require a minimum of a degree plus some work experience
- 30% of the jobs require a doctoral or professional degree
- 25% of the jobs require a bachelors or masters
If you have any questions about this information, please contact us.