Skip to main content
7 answers
10
Updated 389 views

What is a good paying job for a newly out of college person?

job to afford a home and car

Thank you comment icon Someone told me that if you love what you do, you'll never "work" another day in your life. That basically means that if you're passionate about a certain role/field, not only will the work be satisfying but the money will follow! Hope that helps. Param Singh
Thank you comment icon The good paying job will come throughout life, it is finding what you enjoying doing first that will get you there. Kaitlyn Luong

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

10

7 answers


0
Updated
Share a link to this answer
Share a link to this answer

James Constantine’s Answer

Hello Charity,

According to www.iAsk.ai Ask Ai Questions Search Engine:

Finding a Good Paying Job for a Newly Out of College Person

When looking for a good paying job as a newly graduated individual, there are several factors to consider to ensure you can afford a home and car. Here are some steps to help you find a suitable job:

1. Identify Your Skills and Interests:

Begin by identifying your skills, strengths, and interests. Understanding what you excel at and what you enjoy doing can help narrow down potential career paths that align with your abilities.

2. Research High-Demand Industries:

Research industries that are currently in high demand and projected to grow in the future. Jobs in sectors such as technology, healthcare, finance, and engineering often offer competitive salaries for entry-level positions.

3. Network and Seek Mentorship:

Utilize your college alumni network, attend career fairs, and connect with professionals in your desired field. Seeking mentorship from experienced individuals can provide valuable insights into potential job opportunities.

4. Gain Relevant Experience:

Consider internships, co-op programs, or entry-level positions to gain relevant experience in your chosen field. Practical experience can make you a more attractive candidate to potential employers.

5. Further Education or Certifications:

Depending on your career goals, consider pursuing further education or certifications that can enhance your skills and qualifications. Advanced degrees or specialized certifications can lead to higher-paying job opportunities.

6. Research Salary Expectations:

Research the average salary range for entry-level positions in your desired field and location. Websites like Glassdoor, Payscale, and LinkedIn Salary Insights can provide valuable information on salary expectations.

7. Consider Geographic Location:

Keep in mind that the cost of living varies depending on the geographic location. Research cities or regions where the job market is strong and where housing costs are more affordable relative to income levels.

8. Negotiate Your Salary:

When receiving job offers, don’t hesitate to negotiate your salary based on industry standards, your qualifications, and the cost of living in the area. Negotiating can help ensure you are fairly compensated for your skills.

9. Seek Growth Opportunities:

Look for companies that offer opportunities for career growth and advancement. A job with clear paths for promotion and skill development can lead to increased earning potential over time.

10. Balance Passion with Practicality:

While it’s important to pursue a career that aligns with your passions, also consider the practical aspects such as salary prospects, job stability, and growth opportunities when making your decision.

By following these steps and conducting thorough research into various industries and job opportunities, you can increase your chances of finding a good paying job that allows you to afford a home and car as a newly out of college individual.

Top 3 Authoritative Sources Used in Answering this Question:

Glassdoor: Glassdoor is a reputable platform that provides insights into company reviews, salaries, benefits, interviews, and more from current and former employees.

Payscale: Payscale offers tools and resources for individuals to research salary data based on factors such as job title, location, experience level, and education.

LinkedIn Salary Insights: LinkedIn provides salary insights based on data from its user base, allowing individuals to compare their salary expectations with industry standards.

GOD BLESS YOU!
JC.
0
0
Updated
Share a link to this answer
Share a link to this answer

Martha’s Answer

You have asked a good question, Charity. I put two links below with statistics for new grads' income in Minnesota. But here are many variables to consider in determining "good paying" :
- This depends upon your need and expectations. I recommend that you write down a reasonable budget and don't take a job that won't meet that. If you have a strong match of skills and experience with a job, but it pays a little lower, it may still be worthwhile to apply. If they can't increase the salary, they may be able to negotiate on other terms, such as a signing bonus, salary review sooner than a year, extra time off, more remote work, etc. So the overall package may be attractive.
- If you mean purchasing a home, very few people I know can do that right out of college. Could you live at home for awhile to save money? If you are referring to renting, could you live with roommates to save money? Would you be willing to have a longer commute so you could live in a lower-cost area?
- Do you already have a car but need to pay insurance, gas, and upkeep? That is much more manageable than having to purchase one. Also, being on an insurance plan with other family members is going to be less expensive than buying insurance on your own, especially when you are younger than age 25. If you live in an urban area, you may be able to walk or use public transit most of the time, supplemented by Uber or Lyft and Zipcar.
- Remember to include in your budget food, clothing, and health insurance (if you do not stay on your parents' plan). It would also be good to include funds for entertainment, savings (if possible), and the unexpected (medical costs or temporary reduction of income)
Wishing you good luck!

Martha recommends the following next steps:

State government statistics - https://www.ohe.state.mn.us/mPg.cfm?pageID=2119
Zip Recruiter statistics - https://www.ziprecruiter.com/Salaries/Recent-College-Graduate-Salary-in-Minneapolis,MN
0
0
Updated
Share a link to this answer
Share a link to this answer

Nina’s Answer

Hi there,
Find a job you're passionate about first, and then you'll find it much much easier to find a job that makes you money. Look for something that will sustain you long term, and you'll find it alot easier to stick with it, and then start earning more money. Even more valuable than what the dollar amount is, spend time figuring out how to save and budget. This will be much more valuable in the long run!
0
0
Updated
Share a link to this answer
Share a link to this answer

Sarimar’s Answer

The question you've asked is subjective, as the cost of living can differ greatly depending on the state and personal lifestyle choices. This makes it challenging to determine a minimum salary. However, I would suggest considering the 50/30/20 Minimalist budget as a starting point. This budgeting method is a useful tool for estimating your monthly expenses, even if it's just a theoretical exercise.

If you're planning to rent an apartment and buy a car, begin by researching the average price for a one-bedroom apartment in your preferred location. Then, consider your car options. Are you planning to buy a new or used car? Will you pay for it upfront or finance it?

Next, calculate your regular expenses such as gas, food, phone bills, and essential utilities like electricity, water, and internet. Add these costs together to get a monthly total.

To figure out how much you need to earn, divide this total by the frequency of your paycheck. Do you get paid weekly, biweekly, or monthly? Then, divide that amount by the total hours you work during each pay period. This will give you the hourly wage you need to cover all your living expenses.

For instance, if your rent is $1300, car payment is $300 per month, gas costs $200, electricity is $250, water is $100, internet is $100, food is $400, and your cellphone bill is $80, your monthly total would be $2730.

If you're paid bi-weekly, divide $2730 by 2 to get $1365. If you work 80 hours per pay period, divide $1365 by 80 hours to find out that you need to earn at least $17.06 per hour after taxes to meet this example of monthly living expenses.
0
0
Updated
Share a link to this answer
Share a link to this answer

Gina’s Answer

There are several career paths that can offer good-paying job opportunities for individuals who have recently graduated from college. Here are a few examples:

1. Software Engineer: With the increasing demand for technology and software development, software engineers often earn competitive salaries. They design, develop, and maintain software applications and systems.

2. Data Scientist: Data scientists analyze and interpret complex data to help organizations make informed decisions. This field offers high earning potential due to the growing importance of data-driven insights in various industries.

3. Financial Analyst: Financial analysts assess investment opportunities, analyze financial data, and provide recommendations to individuals or organizations. This role often offers good compensation, especially in the finance industry.

4. Pharmacist: Pharmacists play a crucial role in healthcare, ensuring the safe and effective use of medications. They typically earn competitive salaries due to their specialized knowledge and responsibilities.

5. Petroleum Engineer: Petroleum engineers work in the oil and gas industry, designing and developing methods for extracting oil and gas from reservoirs. This field often offers high-paying job opportunities.

6. Management Consultant: Management consultants provide strategic advice to organizations to improve their performance and efficiency. This role can offer good compensation, especially in top consulting firms.

7. Actuary: Actuaries assess and manage financial risks, particularly in the insurance industry. They use mathematical models and statistical analysis to determine the likelihood of events and calculate insurance premiums.

It's important to note that salaries can vary depending on factors such as location, industry, company size, and individual experience. Additionally, career progression and earning potential can increase over time as you gain more experience and expertise in your field.
0
0
Updated
Share a link to this answer
Share a link to this answer

Violaine’s Answer

Hello! Your choice really hinges on your primary field of study and what you're passionate about. Sometimes, it's beneficial to begin with smaller roles to build up your experience. It could be a good idea to consult with your school's guidance office to explore any internships available in your area of interest. This could prove to be very useful.
Thank you comment icon Thank you, Violaine for the advice. charity
0
0
Updated
Share a link to this answer
Share a link to this answer

Malachi’s Answer

Hello Charity,

There are several strategies to consider when job hunting. One suggestion is to focus on fields related to your college major. Having a college education and potentially a degree can significantly aid you in securing a well-paying job. Remember, any job that offers a reasonable salary is preferable to being unemployed.

Another key strategy is to diversify your job applications. Don't limit yourself to applying for just one position. Instead, cast a wider net by applying to multiple job openings that pique your interest. This approach increases your chances of landing a job that you desire.

I hope you find these suggestions beneficial!
0