subject: The Average Salaries Based on Profession [print this page] The Average Salaries Based on Profession The Average Salaries Based on Profession
When talking about average salaries, there are various factors that will determine the answer. It is important to look into this especially since most people base their chosen career path depending on the income potential. However, average salaries differ from one field of profession to another because of the difference in the qualification requirements and the responsibilities expected of an individual as part of their job.
Fresh graduates can therefore evaluate the expected average salaries for a given field in determining which jobs to pursue, or which courses to take in college. Over the years, there are additional factors that would determine how much a person can earn in their job, including length of service, specialties, or acquisition of new skills that will make a person an asset to the company and thus boosting their average salaries.
It is important to look into the most common fields of profession to determine the average salaries in the employment industry.
Banking
The average salaries in the banking profession can be potentially rewarding, however it will depend on position that one holds in this industry. For cash management managers, the salary can get up to $96,000 on an annual basis. However, check processing managers have lower average salaries of only $48,000 per year. The various positions will have their own salary range such as head tellers ($32,000), accounting clerks ($31,000), licensing clerks ($31,000), and budget analysts ($82,000).
Healthcare
The healthcare professionals are among the most in demand in the job market today and it is therefore reflected in their average salaries. Registered nurses are expected to make an annual income of $62,000 while those who are nurse practitioners can earn more, approximately $82,000. Physicians are the highest earners in this field with an annual income of $148,000 and is closely followed by dentists who are expected to earn $135,000 per year.
Administrative
Working as an administrative staff is not necessarily lucrative but it does pay well, too. For instance, the highest earning possible in this field of profession is $42,000 for administrative assistants. Meanwhile, document control clerks, advertising clerks, and benefit clerks average within $35,000-$37,000.
Legal
Aside from health care professionals, positions in the legal industry can give you huge income in return. For instance, chief patent attorneys bring home the most money among other legal professionals with $197,000 per year. Next on the list are managing lawyers with annual average salaries of $164,000. Real estate attorneys are third on the list with $114,000 and court clerks are the lowest in the list with $34,000 in annual salary.
Teaching
Teachers are among the most widely coveted professions today but how much does it exactly pay? Surprisingly though, the average salaries for teaching profession indicate that they do not earn that much. The highest earners in this field are school principals who earn about $91,000 per year, then followed by public school teachers at $50,000 per annum. Special education teachers earn $47,000, which is much higher as compared to teacher aides and teaching assistants in college who earn $19,000 and $14,000 per year, respectively.
