The COVID-19 pandemic has made finding a job very difficult for some people, but not every industry is struggling. Some of those whose jobs pay six figures are finding that their salaries are growing faster than the average salary in the U.S. In fact, while the days of cost-of-living increases may be over for workers in many industries, some are seeing their salaries grow faster than their cost of living.
The Top 10 Six-figure Jobs With The Fastest Growing Salaries
Here are the top 10 six-figure jobs with the fastest growing salaries, according to a study from AdvisorSmith.
Prescience Partners returned 6.75% for the second quarter, underperforming the S&P 500's 8.55% return but coming out ahead of the Barclay Equity Long/ Short Index's 2.62% return. However, for the first six months of the year, Prescience is up 30.66%, doubling the S&P's 15.25% return and smashing the Barclay Equity Long/ Short Index's 9.27% return. Read More
Advertising and Promotion Managers
The average mean salary for advertising and promotion managers last year was $141,890 per year, compared to $117,810 in 2016. That makes this position number one among jobs with the fastest growing salaries. On average, people holding this position saw their salary grow 6.4% per year.
Advertising and promotion managers work to draw interest to the products or services they advertise. They often work with multiple companies in their position at an ad agency. They may also work for a single company in the corporate office. Only a bachelor's degree is required for this position, generally in management or business.
The average nuclear engineer earned $120,700 last year, compared to $105,950 in 2016, for an average annualized salary growth of 4.44%.
Nuclear engineers do research and develop processes and systems that utilize nuclear radiation and energy. Workers in this position may develop nuclear cores and other nuclear equipment and develop ways to handle and dispose of nuclear waste. Nuclear engineers work at nuclear facilities and need a bachelor's degree in nuclear engineering for the position.
Next on this list of the top 10 six-figure jobs with the fastest growing salaries are physical scientists. Their annual mean salary in 2019 was $112,070, while they earned $98,460 in 2016 on average. Their annualized salary growth was 4.41%.
Physical scientists carry out research in a variety of niches that don't involve living organisms like geology, astronomy, physics and chemistry. They tend to focus on energy and physical properties and can work for private industries or advise engineers in their research or academia. Physical scientists need a bachelor's degree in their particular area of specialty.
Chemical engineers were earning $117,090 on average last year, compared to $105,420 in 2016, for an annualized salary growth of 3.56%.
These engineers solve problems involving the use or production of drugs, fuel or other chemicals. They design equipment and processes for manufacturing and test production methods. They generally work in offices or laboratory and must have a bachelor's degree in chemical engineering.
Number five on the list of six-figure jobs with the fastest growing salaries is nurse anesthetists. Their annual mean salary last year was $181,040, compared to $164,030 in 2016. Their salary growth was an annualized 3.34% during that timeframe.
Nurse anesthetists work with anesthesiologists, dentists and surgeons to manage anesthetics for patients having surgical procedures or being treated for trauma. They require a bachelor of science and must become registered nurses. Then they must have work for at least a year in acute care and complete a two- to three-year accredited nurse anesthesia program.
Physician assistants earned $112,410 on average in 2019, compared to $102,090 in 2016, for an annualized salary growth of 3.26%.
PAs work with medical doctors to provide patient care. They do things like physical examinations and develop treatment plans for patients. To become a physician assistant, you must have a bachelor's in science and complete a two- to five-year physician assistant program.
With the exception of number one on this list of six-figure jobs with the fastest growing salaries, the other positions have been in the STEM field (science, technology, engineering and math). Finally at number seven, we come to another job that isn't a STEM position.
Judges earned an average mean salary of $113,470 in 2019 and $103,740 in 2016, for an annualized salary growth of 3.03%. Judges oversee legal proceedings in court and issue legal decisions on court cases. To become a judge, you require a bachelor's degree and must attend law school.
Purchasing managers earned an annual mean salary of $128,400 in 2019, up from $117,720 in 2016. Their annualized salary growth was 2.94%.
Purchasing managers acquire products that are either used or resold by companies. They evaluate suppliers, negotiate contracts and review the quality of products. They work in officers and usually travel to visit vendors when considering products for acquisition. To work as a purchasing manager, you must have a bachelor's degree, usually in business.
Astronomers and Physicists
Astronomers and physicists had an annual mean salary of $130,110 last year and $120,650 in 2016. Their salary growth stood at 2.54%.
These scientists carry out research to explain and understand the universe and various theories. They conduct measurements and develop theories using math to explain celestial and physical phenomena. They publish research papers and track records of their own research. To be an astronomer or physicist, you will have to have a Ph.D.
Human Resources Managers
Number 10 on this list of six-figure jobs with the fastest growing salaries is human resources managers, who had an annual mean salary of $129,570 last year and $120,210 in 2016, for a salary growth of 2.53%.
Human resources managers coordinate the administrative functions of a business or other organization. They work in officers, and the projected growth rate for human resource manager jobs between 2018 and 2028 is 7%, making the expected growth rate faster than the average for all occupations. To become a human resource manager, you will need a bachelor's degree and years of experience in the human resources field.