Archive for the 'jobs in demand' Category

$100 an hour jobs? Professors, engineers and directors may make it

Apr 22 2010 Published by admin under Finding work, jobs in demand, salaries

The new $100 bills was unveiled by the Treasury Department on Wednesday, complete with its anti-counterfeiting stripes, hidden images and copper bell.

The debut of the Ben Franklin bill gives me an excuse to write about professions that pay $100 an hour – or more – to their top practitioners.  I’m not talking about people who make $100 an hour once or twice a year. I mean those who earn $100 an hour for just about every hour they work.

That means they make around $200,000 a year – more if they win a bonus or take on extra consulting gigs, less if they take a six-week leave to explore India with their mother or daughter.  Some 3.9 million Americans earned $200,000 to $1 million a year in adjusted gross income, according to the Internal Revenue Service,  counting individuals and many dual income earning families. That means almost 9 percent of all  households — or at least those who filed tax returns — are bringing in a C-note an hour (though that includes investment and other taxable income).

My lists of occupations comes straight from the government, as will those cool new $100 bills. These are drawn from the U.S. Bureau of Labor Statistics National Occupational Employment and Wage Estimates for May 2008, the most recent data available.

The first list is those professions that definitely have plenty of $100 an hour people, even though the job category’s average pay doesn’t approach that.

Definitely $100 and up jobs:

1. Surgeons,  average $207,000 or $99.41 an hour

2. Anesthesiologists,  $198,000

3. Orthodontists,   $195,000

4. Chief executives,  $160,000 or $77.13 an hour

5. Dentists,  $154,000

6. Natural sciences managers, $123,000 or $59.30 an hour

7. Lawyers, $124,000 or $53.17 an hour

The BLS also gives some details on people’s income if they’re in the 90th percentile of their occupation or if they work in a city where their skillsets are sought after. So engineering managers in San Jose earn more than their counterparts in any other city, while dentists in Anchorage get some of the highest paychecks.

Also on that list are a variety of other doctors – from obstetricians to internists to psychiatrists. Despite being in short supply for years, nurses don’t even come close – they average around $65,000 and the top 10 percent earn maybe $50 an hour or less.

My second list, also drawn from the BLS data, includes occupations where it seems very likely some people reap pay of $100 an hour, either for consulting or project work or where their tenure and value reaches its zenith. Besides the BLS data, I’m relying on my 20-plus years as a business writer or editor.

Here’s’ probably $100 an hour types,with their average income

1. Airline pilots, $119,700

2.  Securities broker / sales person  $92,000

3. Petroleum engineers  $119,000

4. Physicists  $106,000

5. Engineering managers, $121,000

6. Computer, information systems managers $119,000

7. Management consultants  N/A

9. Professors, law or medical $101,000 and $102,000

10. Producers and directors, $83,000

All the salary figures are average annual earnings, from the BLS. So while one producer earns $19,000 a year running a small town theater company part-time, another one earns $205,000 for some big New York troupe or movie production company.

So how can you bring up your earnings so those new $100 bills will show up more often in your wallet? That sounds like a good subject for another blog post sometime soon. Or maybe a series of posts. So if you have great ideas on adding to your earnings, please send them my way.

Meanwhile, check out the amazing BLS document that is the statistical source for this. It’s chock full of data on 800 occupations, including quite a few that don’t earn $100 a day and a handful that earn $100 an hour but only in some locations.  Dentists in Alaska, for example, earn the highest average wage – and average $97.30 an hour, or $203,000 a year.  Anesthesiologists in Maryland and Kentucky earn $103 an hour or more, and they earn still higher wages in New Jersey and Washington state, though the BLS tables don’t give specifics.

As for me, I’d be happy to earn $100 an hour for my writing -  and hope to achieve that some day and for more than a few days. Just don’t expect me to don a surgical gown or wear a power tie or move to Alaska to collect it.

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If you want to see more on the new $100 bills, which debut to the public in February, check out the New York Times Bucks blog, or a video showing all the security details  and some music that would be right at home on the 4th of July. My prefered paper, The Washington Post , ran the Associated Press account on the new big bill.

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Millions of second careers coming in social sector

Mar 23 2010 Published by admin under The economy, encore careers, jobs in demand

If you’ve been dreaming or praying for a second career that will help others, consider becoming a teacher or a religious leader.

Educators and medical personnel are among the sectors that will offer the most new encore career opportunities this decade, according to a new report from Northeastern University and Boston Redevelopment Authority. Ministers and clergy also will be in demand. The report, called “After the Recovery: Help Needed,” predicts labor shortages by 2018 when an estimated 5 to 6 million jobs will be created but unfilled.

“When the nation comes out of the current jobs recession – and this may take two to three years – we will begin to see spot shortages in labor markets,” writes co-author Barry Bluestone, dean of Northeastern’s School of Public Policy and Urban Affairs. “By 2018, with no change in current labor force participation rates and immigration rates and an expected return to healthy economic growth, we will have more jobs than people to fill them. That’s true within the entire economy and particularly true of the fast-growing social sector.”

The social sector consists of health care, education, social assistance, nonprofits, the arts and government. Though it accounts for one-third of all current U.S. jobs, it will represent 47 percent of the jobs growth through 2018, Bluestone’s report predicts.

Social sector jobs also will represent about half of the 5.0 to 5.7 million new jobs that will go begging in 2018.

To be practical, here’s the 15  job titles offering the most encore career opportunities, and the projected increases through 2018:

1. Teachers, primary, secondary, special ed          647,300

2. Registered nurses 581,500

3. Home health care aides 460,900

4. Personal and home care aides 375,800

5. Nursing aides, orderlies, attendants 276,000

6. Medical assistants 163,900

7. Practical and vocational nurses, licensed          155,600

8. Business operations specialists 143,200

9. Managers, general and operations 143,200

10. Child care workers                   142,100

11. Teacher assistants 134,900

12. Receptionists and information clerks   132,700

13.  Managers, medical and health services   100,800

14.  Clergy       85,100

15.  Social and human service assistants       79,400

If you want to know more about any of these jobs – including pay, educational requirements and what the work entails – check out the government’s incredible resource called the Occupational Outlook Handbook.

The full report lists another 15 encore careers from the social and government sector that won’t have as many openings (Table 9)

To be sure, about half of these jobs are low-paying — anything with an assistant in it will earn a smaller wage. Some may not appeal to a 60-year-old who does not have the strength to lift patients into wheelchairs or push five or seven babies in strollers.  They may not find the exact job that uses their passions and talents. Instead, trends outlined in this report are valuable as they consider the right path and the better sectors to target. (Near the end are four pages of industry sectors, including some obscure ones that you may otherwise never even consider.)

Plus, MetLife Foundation and Civic Ventures have packaged this report with others that focus on green jobs, education jobs and health jobs. In those separate reports, some emerging jobs are identified, including teacher coach, chronic illness coach, energy auditor, patient navigator, sustainability consultant and home modification specialist.

If teaching sounds like a career track for you, you may want to check out the real case studies of people who moved into teaching and tutoring jobs, as well as some resources and how-tos for getting started down the education path. The organizations offer similar resources on health care and green jobs.

If you’re still unsure what your second career will be, join the club. Reading these reports may open up some new ideas, and so will some informational interviews and conversations with friends already in jobs you are considering.  The key is: Start your journey now and be sure to pack your curiosity and experience.

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The Northeastern – Boston Redevelopment report is based on data from the Census Bureau, the U.S. Bureau of Labor Statistics and Boston Redevelopment Authority and Northeastern University’s specific occupational forecasts. You can read it online at encore.org .

If you want to learn more about education, green or health care jobs, three shorter reports are also available online. They each contain a lot of other resources, so it may be easier to read one a day and consider it.

The Bureau of Labor Statistics Occupational Outlook Handbook has a wealth of information on hundreds of careers. To learn more about it and how it forecasts job changes, read this article in its quarterly publication. Or check out the BLS list of high-employment, high-wage jobs - including several found on the Northeastern list.

If you want to read about a wide array of jobs – from game developer to pharmacy technicial to sand sculptor – the BLS has published an array of articles over the last decade. (Scroll down a ways to the section titled Occupations and Industries.)

The New York Times published an article on encore careers that looks at patient advocates, health care mediator and green entrepreneurs.

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Engineering a starting salary of $61K – yeah!

Mar 11 2010 Published by admin under jobs in demand, salaries

If you think all the salaries being offered to fresh young grads are rice-and-beans low, you haven’t talked to any chemical engineering majors.

Their starting pay for this year is $65,142, second highest in the National Association of Colleges and Employers just released list of majors with the best salaries. The top spot went to petroleum engineers, a scarce lot of barely 500 graduates in recent years. In a year when salary freezes and reductions were common, they will earn $3,000 more on average than last year.

In fact, engineers claim eight of the 10 highest salaries in NACE’s annual survey, and they’ve been near the top for a few years.

The top five this year are:

1.  Petroleum engineering  - $86,220

2. Chemical engineering  - $65,142

3. Mining / mineral engineering – $64,552

4.  Computer science  - $61,205

5. Computer engineering – $60,879

Others in the top 10 include electrical engineering, manufacturing engineering and information sciences; each will start at salaries above $53,000 on average.

“Many of the engineering disciplines benefit from an imbalance in the supply/demand ratio,” NACE executive director Marilyn Mackes said in a report on salaries last summer. That scarcity of candidates leads to higher pay.

B-school graduates salaries start around $45,000 to $49,000 this year, a small drop from last year.

NACE will give more entry level college grad salary details in April. The 2009 grads experienced a 1.2 percent drop in average salary, to $49,353.

This year’s average declined to  $48,351 based on NACE’s preliminary estimate. Many newcomers start their first job out of college at $30,000.  The average figure covers liberal arts majors, b-school and the techies too.

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