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What career paths generally have the best benefits?

Are there any specific job areas with good benefits?

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Subject: Career question for you

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Siddharth’s Answer

Benefits are typically company based and not stream based but the best pay is in the tech space covering software development, product management and data science.
Thank you comment icon Thanks, can't wait to put this advice into action! Finn
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Roberto’s Answer

Fin,

There many, many different types of benefits. If by benefits you mean "fringe benefits" or "perks" there is a huge variance, based on your country and some variance based on what is typical for companies and certain industries.

In the United States, the most typical benefits offered by companies across industries are: Health Care insurance contributions and Retirement plans Contributions. From there there are many many things, fairly common such as employer contributions to education. More industry specific could be some free air fare (typical of airlines) or discounted services depending on the companies.

With that said, career wise, you could follow many different paths and still be able to apply that across industries. I'm partial to Information Technology careers. The pay is generally good, even great sometimes, and it is relevant to multiple industries (practically all of them). That would offer flexibility if you are interested in one specific industry over the others, solely based on fringe benefits. I would recommend, however, that you look at different things and find something that you enjoy.

I would like also understand if we got your question right or you want to know about different kinds of benefits.

Good Luck !
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Nancy’s Answer

Finn,

There are many careers in which you can earn the most common benefits, such as health insurance and a contribution to retirement accounts. Sure, tech has a lot of benefits, but so do healthcare jobs, government jobs, education if you are tenured, and most large corporations. That’s because healthcare, vacation, and retirement planning matter to employees.

I saw you may want to be a freelance photographer. How exciting! More and more, jobs are moving to project work. This sort of job has pay per project, and is less likely to have benefits. You can buy benefits independently, but that usually costs more. At the
same time, it may be more exciting to know your work changes by assignment. Independent contractors with a company for a short-term assignment tend to earn fewer benefits, but flexibility is very good.

Satisfaction in your career is something that cannot be provided by benefits alone. It is one factor in your financial security to consider. So is salary or pay per project. So is the likelihood of getting the next assignment.

I think people happy in their careers have a good balance between doing what they love and enough income to meet their needs.

Nancy recommends the following next steps:

Research how project workers like freelance photographers are paid. Do they need side jobs until they make a reputation for themselves in order to make ends meet?
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Aaron’s Answer


Hello,

There are many high earning professions, however most are in the medical or IT fields. Most doctors earn above six figures a year and have benefit packages from their hospitals that make these professions very lucrative. There are several other high earning fields in finance such as investment banking, and private equity that pay very well. IT career such as IT security has a potential to earn very high salaries. Depending on the employer benefit packages vary from several weeks of vacation time off, 401K programs, stock options and annual bonuses. Lastly, sales professionals that excel to the top of their field can earn well into the six or seven figures because they can earn commission on the products or services they sell, and the commissions are uncapped.

Rank Occupation Employment Hourly & Salary
1 Anesthesiologists $100.00+ $208,000+
1 Cardiologists $100.00+ $208,000+
1 Dermatologists $100.00+ $208,000+

Good luck to you.

Aaron recommends the following next steps:

Visit Google links to find out information about top earning professions:
https://money.usnews.com/careers/best-jobs/rankings/best-paying-jobs
https://www.themuse.com/advice/high-paying-sales-jobs
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