5 secrets of a $75k salary
October 26, 2009 · Tagged with Career and Work
Does the possibility of earning $75,000 feel completely out of your grasp? You’re not alone–the U.S. Bureau of Labor Statistics (BLS) reports median earnings of less than $40,000 in this country. But if you’re reaching for more, don’t give up now. With hard work, a commitment to career training, and these five secrets, you could find that $75k just around the corner.
Secret #1: Get an advanced degree
Earn a college degree and you’ll earn more money than without one. Earn an advanced degree and you’ll earn even more money. Seems logical…because it’s true! According to a 2007 U.S. Census Bureau report, those with advanced degrees earned nearly $15,000 more annually than those with only a bachelor’s. In many cases, those who obtain a graduate degree take on extra responsibility and income. For example, attorneys earn almost double the salary of paralegals. Even part-time lawyers can earn nearly $75k.
- BLS 2008 median salary: $124,750
- Career training secrets: Bachelor’s degree in business or a related field; Juris Doctorate from an accredited law school (required).
Secret #2: Manage information and resources
As you accept more responsibility for staff, communication, and finances, you’ll be more likely to see a corresponding salary increase for your efforts. If you like the idea of being a manager but don’t like the idea of a traditional desk job, consider becoming a film or television producer. In this role you’d manage the financial and business end of a production, from hiring the director to pursuing investors. Hands-on work experience leads to new industry contacts, which are nearly as important as career training in this field.
- BLS 2008 median salary: $83,030
- Career training secrets: Bachelor’s degree in finance; Master of Business Administration from an online or traditional university.