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High Paying Careers for Women

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$4 Million Dollars!!! $100,000 per year!!! This is how much salary you may be losing by avoiding advanced courses in math or science. These are courses usually necessary for entry into nontraditional* fields.

If you look at the first example in the two charts below you will see that $4 million is the difference between the annual salary of a dentist and a dental assistant when multiplied over a worklife time of 40 years. The difference between a midwife and an obstetrician is even more. This doesn't mean that you couldn't start with dental assisting as a choice to help finance future education. It may be a great first step. But see it as a first step to a larger goal.

* Nontraditional careers are ones that women (and often minorities) have avoided. These careers often involve science and math. If you don't like these subjects, or think that you are not good at them, click here (under construction) to take a closer look. Career satisfaction and money are two important reasons for you to strongly consider nontraditional careers.

Median Salary Comparisons

Salary figures from the U.S. Govt Occupational Outlook Handbook (OOH)

Traditional  Income Nontraditional Income
Dental Assisting $19,000 Dentist $120,000
Nurse Practitioner $66,800 Physician $160,000
Midwife $70,000 Obstetrician $200,000
Physical Therapy Aide $16,000 Physical Therapist $48,000
Dispensing Optician $27,432 Optometrist $80,000
Opthalmic Lab Tech (starting salary) $13,000  Opthalmologist (figure not from OOH) $250,000
Accounting Clerk $20,000 Certified Public Accountant $50,000
Computer Operator $22,400 Computer Programmer $40,000
Floral Designer $15,000 Architect $40,000
4-yr degree (experienced)
Social Worker
$25,000 4-yr degree (no experience)
Chemical Engineer 
$42,817
Counselor  $36,000  Psychiatrist  $124,000
     

 

How much might you lose in salary alone? Assuming that you have the capacity to do either the traditional or the nontraditional job you would have lost anywhere from $700,000 to $9.5 million dollars in salary alone. See this chart for details. And find your own income data from the Occupational Outlook Handbook. The handbook's keyword search makes it a snap to check other careers. Then make a table like these for any careers you are considering.

Yearly and Lifetime Salary Comparisons

Traditional Nontraditional Yearly Difference Lifetime (millions)
Dental Assisting Dentist

$101,000

$4.0

Nurse Practitioner Physician

$93,200

$3.7

Midwife Obstetrician

$130,000

$5.2

Physical Therapy Aide Physical Therapist

$32,000

$1.3

Dispensing Optician Optometrist

$52,568

$2.1

Opthalmic Lab Tech Opthalmologist

$237,000

$9.5

Accounting Clerk Certified Public Accountant

$30,000

$1.2

Computer Operator Computer Programmer

$17,600

$0.7

Floral Designer Architect

$25,000

$1.0

4-yr degree (experienced)
Social Worker
4-yr degree (no experience)
Chemical Engineer

$17,817

$0.7

Counselor Psychiatrist

$88,000

$3.5

 

Figuring Fringe Benefits as Part of Salary Looking at a job that doesn't offer benefits? Consider this.

Nontraditional Careers

I have chosen a few examples that show what frequently happens. For instance, nurse practitioners and midwives do many of the same tasks that the physicians do. If a woman is going to spend 40 years working with patients, why not choose the better paying career? Though dentists and dental assistants do different things, they both work in the same conditions with the same patients. Many women who have good design skills often choose careers like floral design or hairdressing rather than considering a career like architecture. Women often take clerical jobs when they are equally capable of doing the work of the men working in the next office. And women have traditionally chosen certain fields (like social work) over others (like chemical engineering).

Does the training for higher level jobs seem too expensive? It is only a drop in the bucket when you look at the figures in the charts. If you choose wisely, student loans are the best investment you can make. And over time, salary increases are much larger at higher incomes. Plus, discretionary income (the amount above what you need for necessities) can be invested and will make much, much more than you see in the salary figures. Both of these more than offset the cost of training.

There are many other things to consider in career choice. But, paying close attention to the differences in salary needs to be considered right from the start. The next thing to do is to plan to achieve the highest level that you are able in a given field. Not everyone has the abilities to become a surgeon, for instance. But we know from the statistics that many women who could be excellent surgeons have stopped off at a lower level of training. So, the point is to set a goal toward the highest-level career that suits your abilities.

See career page for more information on careers in science and math




 
 

 

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        Last updated on: 12/18/2003