Learn how you can double your pay with the right training and career path.
Want to double your salary? You’re not alone.
In fact, 25 percent of Americans who are currently employed said they would be willing to work every day of the year if it meant doubling their income, according to a 2010 survey by Capital One Bank.
If that sounds a little excessive, we agree. Fortunately there are other ways to double your salary.
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Keep reading to see how making a career change can help you double your pay.
Making $25K? These careers pay $50K and up.
It’s hard to move out of an entry-level job that pays $25,000 – unless you have a college degree. While higher education might not be for everyone, the simple truth is that college grads earn at least 60 percent more than high school grads, according to a 2007 report by New York’s College Board.
Paralegals make $50,080 per year.*
Quick training programs are just one of many benefits of the paralegal profession, which often requires an associate’s degree in paralegal studies. If you already have a degree, you can earn a paralegal certificate and start assisting lawyers with research, legal documents – and more – in as little as six months.
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Accountants make $56,850 per year.
Accounting is another great career to get into if you want to double your pay. Accounting graduates have fared better than most in recent years, when company and individual bottom lines have never been so important. The U.S. Department of Labor predicts accounting jobs will grow 22 percent through 2018, in large part fueled by changing financial laws and regulations.
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Making $30K? These careers pay $60K and up.
If you want to make $60,000 per year, finding the right career is important. So is the right degree.
PayScale’s 2010-2011 College Salary Report ranked bachelor’s degrees by salary. While engineering degrees dominated the top tier, there are plenty of other degrees – and careers – that pay $60K and up.
Market Research Analysts make $67,500 per year.
Marketers like to say that customers don’t buy what they need, they buy what they want. Helping convince customers to buy a product or message is what marketers do. It’s a skill that will always be in demand, in good economic times and bad. Studying marketing or business is a great way to get started.
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Registered Nurses make $66,530 per year.
According to the Department of Labor, registered nurses make up the largest occupation in the country’s largest industry (health care). With 2.6 million jobs and counting, it’s a more recession-proof job than most, since nursing jobs can’t be outsourced. Most registered nurses have a bachelor’s degree.
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Making $40K? These careers pay $80K and up.
If you want to make $80K per year, you might be interested in the fact that MBA grads earned an average starting salary of $80,096 in 2008, according to the Graduate Management Admission Council.
Studying finance is another great way to earn over $80,000 per year. In fact, graduates with a bachelor’s degree in finance, and no higher, typically earn over $90K at the mid-career mark, according to PayScale.
Financial Analysts make $85,240 per year.
The foundation for success in most careers involves the right training and educational background. Studying finance, economics, or business is an excellent entry-point into the finance industry. Financial analysts help businesses and individuals make smart investment decisions – and get paid well to do it.
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Medical Managers make $90,970 per year.
Sometimes called health care executives, medical managers oversee various health care departments and organizations. A bachelor’s degree can help you gain entry-level employment. A master’s degree – in a subject like health services administration or business administration – however, is the standard qualification, according to the Department of Labor.
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*Average salary comes from the U.S. Department of Labor, using 2009 median salary information.