Paying Occupations That Don’t Require an Advanced Degree in 2021

The Best-Paying Occupations That Don’t Require an Advanced Degree:

The National Bureau of Economic Research recently announced that the United States will officially enter a recession in February 2021. Unprecedented levels of unemployment and the decline in economic activity caused by the COVID-19 pandemic ended the decade abruptly. Months. . As job prospects look bleak in the near future, a master’s degree may become an attractive option for recent graduates and the unemployed.

Although student enrollment varies from year to year, it increases during the economic crisis. According to data from the National Center for Education Statistics, the increase in university graduates increased significantly in 1980-1982 and 2001-2002, when the economy was in recession. More recently, enrollment at universities and vocational schools increased by about 7.3% between 2008 and 2010, at the height of the Great Recession. However, over the past five years, the number of university graduates stagnated and then declined as the economy grew. 3.05 million students enrolled in the master’s program in 2019.

For many people, a bachelor’s degree is a good option, and a master’s degree offers better jobs and higher incomes when the economy returns to normal. People with a college degree report below-average unemployment and higher average wages than unskilled people. The higher the number, the greater the economic benefit. For example, the average weekly wage in 2019 for doctoral students ($1,883) and professional level holders ($1,861) for all employees was about double the average wage of $969 per week. In 2019, the gradual unemployment rate was 2% or less, compared to a total unemployment rate of 3%.

However, the high cost of a college education makes many people reconsider whether a degree is worth investing in. Adjusted for inflation, average tuition fees increased 101% in public universities and 26% in private ones in the last 20 years. In this context, the average weekly wage of full-time workers increased by less than 6%, after adjusting for inflation in the same period.

A higher-paying job that doesn’t require an advanced degree

Responsible for advertising and Paying Occupations

• Average annual salary: $125,510

• Required work experience: less than 5 years

• Works with the highest concentration: New York – Newark – Jersey City, NY-NJ-PA

• Expected job growth in 10 years (pre-COVID): 3.2%

Advertising and promotion managers are responsible for producing advertising campaigns that can be used in media such as radio, television, print, and the Internet to generate interest in a company’s products or services. Advertising managers can work internally for a company or department or for an agency that works with many different clients. The projected ten-year growth rate of 3.2% is less than the overall growth, but individuals can continue this career without much work experience.

sales managers and Paying Occupations

• Average annual salary: $126,640

• Required work experience: less than 5 years

• Work with the highest concentration: San Jose – Sunnyvale – Santa Clara, CA

• Expected job growth in 10 years (pre-COVID): 5.1%

Sales managers oversee the company’s sales team and set quarterly and/or annual sales targets. Sales managers can specialize in B2B sales on behalf of wholesalers and manufacturers, or they can work in retail or e-commerce companies to manage B2C sales. The 10-year income growth forecast is in line with the average for all occupations. Although the highest concentration of sales manager positions is found in the greater San Jose area, sales are a ubiquitous resource in almost every city and can be done remotely.

Scientific director

• Average annual salary: $ 129,100

• Work experience required: 5 years or longer

• Highest work concentration: Durham – Chapel Hill, NC

Expected growth in ten-year employment (pre-COVID): 5.9%

Scientific managers oversee scientific research projects and the production of chemists, physicists, and biologists. Interestingly, the largest concentration of academic leadership positions is found in the Durham-Chapel Hill metropolitan area, also known as the “Research Triangle” due to its proximity to North Carolina State University, Duke University, and the University of North. Carolina in the chapel. . Hill. . The expected growth of ten years in all occupations is slightly above average.

financial managers for Paying Occupations

• Average annual salary: $ 129,890

• Work experience required: 5 years or longer

• Highest work concentration: Bridgeport – Stamford – Norwalk, CT

• Estimated ten-year employment growth (pre-COVID): 16.0%

Financial managers take various financial initiatives within an organization, such as compiling financial reports, managing investment resources, and compiling long-term financial health plans. Financial managers usually work in banks and insurance companies, but they can work in any kind of business or industry. Financial executives probably have the highest growth forecast for ten years on this list, more than three times the total average.

marketing managers for Paying Occupations

• Average annual salary: $ 136,850

• Work experience required: 5 years or longer

• Highest work concentration: Bridgeport – Stamford – Norwalk, CT

• Expected growth of ten years (pre-COVID): 8.1%

Marketing managers work within organizations or agencies to determine the consumer’s demand for a product or service, define a target audience, and launch relevant marketing campaigns. Marketing managers often work closely with advertising partners and sales teams to create print and digital promotional materials. The growth prospects for 2028 for all functions are above average and most marketing managers have more than five years of experience.

 petroleum engineers

• Average annual salary: $ 137,720

• Work experience required: none

• Work with maximum concentration: Midland, TX

• Ten-year growth forecast (before COVID): 2.6%

Petroleum engineers design equipment and methods used in oil and gas extraction. Although much of their work is done in offices, oil engineers probably work in locations near wells and wells. The largest concentration of jobs in petroleum engineering is, for example, in Midland, Texas. The expected increase of ten years is about half the average. In the wake of COVID-19, even more, production opportunities are being lost due to falling gas prices and travel demand.

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