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