3 Fast-Growing Occupations That Pay Over $85,000 a Year

According to the Bureau of Labor Statistics, these jobs will be in demand through 2022

May 4, 2014 at 12:45PM

Source: Flickr / Tax Credits.

How would you like to have a job that paid over $40 per hour? Since positions that pay that well make up only about 10 million of the nation's 130 million jobs, snagging one would be quite a coup. Knowing that your career choice is poised to be one of the most in-demand over the next several years would be sweeter still.

According to those busy number-crunchers at the Bureau of Labor Statistics, these three jobs profiled in its Occupational Outlook Handbook have a perfect blend of high pay and terrific growth potential – and currently don't require additional education beyond a bachelor's degree for entry.

1. Information Security Analysts
The need to protect computer systems and electronic records is spurring growth in this occupation, which is expected to grow at a rate of 37% through 2022. In comparison, computer occupations in general are expected to grow by a mere 18% during that time period.

In addition to a four-year degree, applicants for these jobs will likely be expected to have experience in a related field. The median salary, as of May 2012, was $86,170, and two huge employers are expected to require the services of these analysts far into the future: the federal government, and the health care industry.

2. Medical and Health Services Managers
Speaking of the flourishing health care field, this administrative position is in big demand these days, due in large part to the aging of the baby boomer generation. No doubt, health care reform has also played a part in the growth of this particular occupation, which sports a median pay level of $88,580 as of May, 2012.

Though a bachelor's degree is listed as the only educational requirement, BLS notes that more applicants these days have master's degrees, as well.

3. Software Developers
Software developers are in great demand, and received a median annual salary in 2012 of $93,350. Since creativity is a large part of the job, the best and brightest most likely command even higher wages. As you might expect, the incredible growth of the technology sector is at the heart of this occupational group's rise. Similarly, like information security analysts, software developers are needed to tend to the cybersecurity needs of the federal government, as well as the increasingly computerized nature of the health care industry.

As testament to the popularity of this job group, big tech firms such as Apple and Google were sued by a group of software engineers for holding down wages by engaging in an anti-poaching regimen. Four firms settled the case in late April, so salaries could edge upwards in the very near future.

These jobs are currently in such demand that it is possible that the growth rates projected by BLS might be a little low. A recent survey by Georgetown University found that job ads posted online were brimming with these kinds of positions. Among the most popular were computer systems analysts, applications software developers, and medical and health services managers. If you're interested in a career with a secure future, these jobs are a sure bet.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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