The US job market is pretty hot right now. The unemployment rate is at record lows, and demand for skilled workers is rising in technology and other sectors. New graduates gearing up to enter the job market can earn up to $95,000 a year right out of college if they have the right skills. Here we take a look at the top 10 highest paying jobs in the United States for new graduates.
Strong job openings in both tech and non-tech sectors
Glassdoor has released its annual report on the highest paying jobs in the country. Glassdoor analyzed its vast data to shed light on which entry-level jobs command the top dollar. The company compiled the list using salary reviews left by US employees aging 25 years and younger. For its 2019 report, it analyzed the salary data from January 2018 to December 2018.
Glassdoor’s report groups similar job titles into one. It doesn’t take into account the intern level jobs. The ranking is dominated by technology-related jobs. According to the S&P 500 LinkUp Jobs Index, job openings in the technology sector rose 4% in 2018. Job openings in the financial industry witnessed a 10% decline in the same period.
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Technology companies are experiencing skills shortage, which has prompted many of them to join hands with schools to provide training and mentorship. Glassdoor points out that the high paying jobs are not just concentrated in coastal technology hubs. Cities such as Detroit and Huntsville also offer great opportunities for new graduates.
Tech companies are hiring for both technology and non-technology roles. Similarly, non-tech companies such as fashion and consumer products businesses are hiring technology graduates for positions like software engineer and data scientist to figure out how to analyze and apply their massive data to fuel business growth.
It’s a wonderful time to be a data scientist, a role that commands the highest entry-level base salary. It has also been named the Best Job in America by Glassdoor for four straight years with a high degree of job satisfaction. Glassdoor estimates demand for data scientists will continue to grow in the near future as more and more companies collect and analyze data to make better business decisions.
These are the highest paying jobs in the US
The median base salary of data scientists is much higher than those of Wall Street analysts. These are the top 10 highest paying jobs for new graduates in the United States. All of them earn a higher salary than the median US salary
- Data Scientist ($95,000)
- Software Engineer ($90,000)
- Product Manager ($89,000)
- Investment Banking Analyst ($85,000)
- Product Designer ($85,000)
- UX Designer ($73,000)
- Implementation Consultant ($72,000)
- Java Developer ($72,000)
- Systems Engineer ($70,000)
- Software Developer ($68,600)
There are many other jobs as well that command a median base salary of above $60,000 per year for entry-level employees. These include process engineer, front-end developer, product engineer, actuarial analyst, electrical engineer, mechanical engineer, design engineer, applications developer, test engineer, programmer analyst, quality engineer, physical therapist, field engineer, project engineer, and business analyst.
This data could be helpful for people trying to figure out the direction they want their career to take. Majority of high paying entry-level jobs are in the STEM field.
The salary is one of the most important factors we look at when choosing our profession. But Glassdoor points out there are three other factors that are equally important for long-term job satisfaction: career opportunities, culture and values, and trust in senior leadership.