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20 Jobs with a Few "Star" Earners

 


Some occupations have a very unequal distribution of pay, with a few "star" earners and a lot of low earners. For example, for every Mariah Carey or Johnny Depp, there are thousands of other singers and actors who don't earn even minimum wage from performing. If you are interested in a career that has the potential for a big payoff even though the competition is keen, you may want to scan the following list.


This list is different from the previous lists in that it is not based solely on the median wage-which marks the point where half of the workers earn more, half less. Our focus here is not on the middle of the wage distribution; instead, we're looking at the high end for a few extremely high earners. The way we identify those occupations is to look instead at the mean earnings figure and how this differs from the median. The mean is the algebraic average, so if the mean is a lot higher than the median, it means that a few "star" earners are pulling up the average. (They are doing the same thing that high-achieving students do to grades when they "ruin the curve" for average students.)


Here is an example that explains what we're doing. Let's say we're looking at an occupation with only seven workers, and this is how their earnings are distributed:


WorkerAnnual Earnings
A$10,000
B$20,000
C$30,000
D$40,000 (median: half earn more than D, half less)
E$50,000
F$60,000
G$70,000


The median wage is $40,000, and if you do the math you'll find that $40,000 is also the mean (average) wage. That makes sense because the wages are distributed very evenly here. But let's say that worker G suddenly becomes a star and earns $400,000. The median does not change, but the mean now soars to $87,143. Having a star earner in the mix of workers creates a big gap between the median and the mean.


So to compile the following list we identified all the jobs among the 250 best for which the mean wage figure was at least 14 percent higher than the median, and we ordered them by the size of the difference, expressed as a percentage of the mean wage. It may not surprise you to find a number of entertainment-related jobs near the top of the list. (Musicians, Singers, Actors, and Dancers would probably be in this list as well if annual wage figures were available.) But did you realize that some business jobs also have star earners? Some medical specialties may also have outstanding earners (think of Hollywood plastic surgeons), but because we were unable to obtain a median wage figure for these occupations (other than "over $145,600"), we could not do the math to determine whether they belong here.


20 Jobs with a Few "Star" Earners
JobPercent by Which Mean Annual Earnings Exceed MedianEarningsPercent GrowthAnnual Openings
1. Real Estate Brokers25.7%$57,1907.8%12,000
2. Sales Agents, Financial Services23.7%$67,13011.5%37,000
3. Sales Agents, Securities and Commodities23.7%$67,13011.5%37,000
4. Personal Financial Advisors23.5%$63,50025.9%17,000
5. Agents and Business Managers of Artists, Performers, and Athletes23.2%$53,80011.8%2,000
6. Directors-Stage, Motion Pictures, Television, and Radio21.9%$53,86016.6%11,000
7. Producers21.9%$53,86016.6%11,000
8. Program Directors21.9%$53,86016.6%11,000
9. Talent Directors21.9%$53,86016.6%11,000
10. Technical Directors/Managers21.9%$53,86016.6%11,000
11. Chiropractors18.1%$67,20022.4%4,000
12. Loan Officers16.7%$49,4408.3%38,000
13. First-Line Supervisors/Managers of Non- Retail Sales Workers15.9%$61,9701.9%38,000
14. Funeral Directors15.3%$47,6306.7%3,000
15. Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products15.3%$47,38012.9%169,000
16. Advertising and Promotions Managers15.2%$68,86020.3%9,000
17. Commercial Pilots14.9%$55,81016.8%2,000
18. General and Operations Managers14.6%$81,48017.0%208,000
19. Sociologists14.5%$52,7604.7%fewer than 500
20. Film and Video Editors14.2%$46,93018.6%3,000


39 Jobs in Which Almost Everyone Is Well-Paid


Maybe you're a person who doesn't like to take chances, and you're not confident you have the star power needed to soar above the other earners in your career. This list features occupations in which even comparatively low-paid workers are doing fine. Specifically, the workers who earn at the 10th percentile (meaning that 90 percent of the workers in the occupation earn more than they do) still earn at least $46,300, which means they earn more than 75 percent of all American wage-earners. They are ordered by the earnings of the workers at the 10th percentile.


39 Jobs in Which Almost Everyone Is Well-Paid
JobAnnual Earnings of "Low-Paid" WorkersAverage Annual EarningsPercent GrowthAnnual Openings
1. Surgeons$116,560more than $145,60024.0%41,000
2. Anesthesiologists$108,040more than $145,60024.0%41,000
3. Obstetricians and Gynecologists$95,960more than $145,60024.0%41,000
4. Internists, General$88,790more than $145,60024.0%41,000
5. Orthodontists$73,300more than $145,60012.8%1,000
6. Pediatricians, General$66,520$136,60024.0%41,000
7. Engineering Managers$65,150$100,76013.0%15,000
8. Oral and Maxillofacial Surgeons$64,930more than $145,60016.2%fewer than 500
9. Dentists, General$64,770$125,30013.5%7,000
10. Pharmacists$64,350$89,82024.6%16,000
11. Psychiatrists$63,820more than $145,60024.0%41,000
12. Nuclear Engineers$63,760$88,2907.3%1,000
13. Prosthodontists$63,310more than $145,60013.6%fewer than 500
14. Air Traffic Controllers$60,340$107,59014.3%2,000
15. Chief Executives$59,990$142,44014.9%38,000
16. Government Service Executives$59,990$142,44014.9%38,000
17. Private Sector Executives$59,990$142,44014.9%38,000
18. Computer and Information Systems Managers$57,300$96,52025.9%25,000
19. Aerospace Engineers$57,250$84,0908.3%6,000
20. Family and General Practitioners$56,680$140,40024.0%41,000
21. Computer Hardware Engineers$52,470$84,42010.1%5,000
22. Computer Software Engineers, Systems Software$51,890$82,12043.0%37,000
23. Airline Pilots, Copilots, and Flight Engineers$51,540$138,17017.2% 7,000
24. Petroleum Engineers$51,410$93,000-0.1%1,000
25. Nuclear Power Reactor Operators$51,370$66,230-0.5%1,000
26. Natural Sciences Managers$50,260$93,09013.6%5,000
27. Electronics Engineers, Except Computer$50,090$78,0309.7%11,000
28. Astronomers$49,920$104,67010.4%fewer than 500
29. Education Administrators, Elementary and Secondary School$49,540$75,40010.4%27,000
30. Chemical Engineers$49,350$77,14010.6%3,000
31. Lawyers$49,180$98,93015.0%40,000
32. Physicists$49,070$89,8107.0%1,000
33. Industrial-Organizational Psychologists$48,950$84,69020.4%fewer than 500
34. Marketing Managers$48,590$92,68020.8%23,000
35. Financial Managers, Branch or Department $47,910$86,28014.8%63,000
36. Treasurers, Controllers, and Chief Financial Officers$47,910$86,28014.8%63,000
37. Electrical Engineers$47,750$73,51011.8%12,000
38. Computer Software Engineers, Applications$47,370$77,09048.4%54,000
39. Industrial Production Managers$46,300$75,5800.8%13,000




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