20 Best Careers for Millennials for Hitting the Six-Figure Mark
Millennials are the largest generation in the modern workforce, but a lot has changed in the job market in the last few years. If you’re a millennial, you’re likely looking for jobs that give you the opportunity to work among your peers and also have a high earning potential. But, which jobs offer the highest salaries for millennials who want to earn six figures?
In a recent study, we determined the top jobs for millennials who want to make six figures, by analyzing the jobs that had the highest employment among millennials and then ranking them by average salary.
We used Bureau of Labor Statistics age and occupation data to determine the jobs in which millennials have the potential to make six figures. This study then assumed an average 4% salary increase each year based on information from Indeed Data. Next, a 4% yearly salary increase was calculated in the context of each occupation to determine how long it would take a millennial to earn six figures.
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Assemblers and Fabricators
Average Salary: $41,240
4% of Salary: $1,656.80
Amount of Time to $100,000 Salary: 35.36 Years
Secretaries and Administrative Assistants (Except Legal, Medical and Executive)
Average Salary: $43,410
4% of Salary: $1,736.40
Amount of Time to $100,000 Salary: 32.59 Years
Construction Laborers
Average Salary: $46,350
4% of Salary: $1,854.00
Amount of Time to $100,000 Salary: 28.94 Years
Drivers/Sales Workers and Truck Drivers
Average Salary: $48,240
4% of Salary: $1,929.60
Amount of Time to $100,000 Salary: 26.82 Years
Automotive Service Technicians and Mechanics
Average Salary: $49,690
4% of Salary: $1,987.60
Amount of time To $100,000 Salary: 25.31 Years
First-Line Supervisors of Retail Sales Workers
Average Salary: $50,130
4% of Salary: $2,005.20
Amount of Time to $100,000 Salary: 24.87 Years
Carpenters
Average Salary: $58,210
4% of Salary: $2,328.40
Amount of Time to $100,000 Salary: 17.95 Years
Electricians
Average Salary: $65,280
4% of Salary: $2,611.20
Amount of Time to $100,000 Salary: 13.30 Years
First-Line Supervisors of Office and Administrative Support Workers
Average Salary: $65,510
4% of Salary: $2,620.40
Amount of time to $100,000 Salary: 13.16 Years
Food Service Managers
Average Salary: $67,130
4% of Salary: $2,685.20
Amount of Time to $100,000 Salary: 12.24 Years
Elementary and Middle School Teachers
Average Salary: $67,930
4% of Salary: $2,717.20
Amount of Time to $100,000 Salary: 11.80 Years
Secondary School Teachers and Educators
Average Salary: $69,330
4% of Salary: $2,773.20
Amount of Time to $100,000 Salary: 11.06 Years
Real Estate Brokers and Sales Agents
Average Salary: $71,200
4% of Salary: $2,848
Amount of Time to $100,000 Salary: 10.11 Years
Police and Law Enforcement Officers
Average Salary: $71,410
4% of Salary: $2,856.40
Amount of time to $100,000 Salary: 10.01 Years
Human Resource Workers
Average Salary: $74,060
4% of Salary: $2,962.40
Amount of time to $100,000 Salary: 8.76 Years
Wholesale and Manufacturing Sales Representatives
Average Salary: $83,030
4% of Salary: $3,321.20
Amount of Time to $100,000 Salary: 5.11 Years
Accountants and Auditors
Average Salary: $86,740
4% of Salary: $3,469.60
Amount of Time to $100,000 Salary: 3.82 Years
Registered Nurses
Average Salary: $89,010
4% of Salary: $3,560.40
Amount of time to $100,000 Salary: 3.09 Years
Postsecondary Teachers and Educators
Average Salary: $96,130
4% of Salary: $3,845.20
Amount of time to $100,000 Salary: 1.01 Years
First-Line Supervisors of Non-Retail Workers
Average Salary: $96,890
4% of Salary: $3,875.60
Amount of time to $100,000 Salary: 0.80 Years
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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