Financial services may produce the most millionaires, but it’s not the only way.
There are other industries where people are making a lot of money. Explore these areas and see where else millionaires come from!
Financial operations
Almost every senior executive in financial services has the potential to become a billionaire. The average annual salary for bank CEOs in the United States is $391,000, compared to about $18 million at the 20 largest banks.
Besides CEO, other high-level roles in this field also offer great income potential.
For example, the average annual salary for a financial services manager is approximately $73,756, with incomes ranging from $48,000 to $116,000. Considering the industry as a whole, the average base salary is approximately $88,000 per year.
medical field
Professionals in the medical field, especially those in specialized roles and high-demand fields, earn well over six figures.
For example, anesthesiologists, one of the highest-paying jobs in the healthcare industry, earn an average annual salary of $302,970. Surgeons and doctors also earn high salaries, with an average annual salary of $229,300. Even in the field of nursing, professionals like nurse anesthetist (CRNA) bring in an average income of $203,090 per year.
Earning potential varies widely depending on the specific medical profession and level of specialization. For example, a pediatrician makes about $190,350 a year, while a charge nurse makes about $140,763 a year.
Top practitioners and leaders in the medical field, such as successful surgeons and hospital executives, earn significantly more money, often reaching millions of dollars.
Do not miss it: This is the fastest growing job with a projected growth of 45% and an annual salary of $121,610
check out: 8 get-rich-quick schemes that actually work and probably will continue to work
energy
The energy sector is closely connected to every aspect of the global economy. From traditional resources such as oil and gas to renewable energy such as solar and wind, the industry leverages the ever-growing demand for electricity.
People working in the energy industry, especially in senior positions and in lucrative fields such as oil exploration, renewable energy technology, and energy trading, often earn high salaries. For example, the average wage for renewable energy jobs in the United States is approximately $106,030 per year, and additional income can reach $66,587 per year.
Top managers and successful entrepreneurs in this field can earn millions of dollars.
technology industry
Over the past few decades, the technology industry has advanced rapidly and today it has emerged as one of the biggest industries in which to make a millionaire.
The technology industry thrives on its ever-changing nature, creating new opportunities for creative thinkers and entrepreneurs.
The average annual salary for employees working in the technology industry is between $60,000 and $362,000, significantly exceeding pay structures in other industries.
sports
In sports, top athletes can earn millions of dollars from salaries, endorsements, and sponsorships. This high-paying potential extends to roles such as sports managers and agents.
However, the path to financial success in sports is difficult and not guaranteed, and only a small percentage of athletes make it to the professional level.
Careers in the sports industry are generally short, and although the industry has produced many millionaires, the success rate is relatively low compared to other fields.
pharmaceutical industry
Professionals in the pharmaceutical industry, especially in roles related to drug development, research, and business management, can earn high salaries.
For example, the average annual salary for a pharmaceutical scientist is approximately $80,974, but positions in larger cities pay more, such as $125,805 in San Francisco. Executives such as CEOs of pharmaceutical companies can earn up to $427,875.
Pharmaceutical Sales Managers also make a lot of money, especially when dealing with specialty or high-value drugs, with an estimated total salary of about $147,748.
media and entertainment
Those who succeed in this field, including top actors, directors, producers, musicians, and media executives, can earn enormous wealth through salaries, royalties, and profit sharing from successful projects.
The industry’s influence is amplified by digital media, streaming services, and global distribution networks, expanding revenue streams.
Just like in sports, there are high-paying opportunities, but the chances of going broke are much higher in this field than in other fields.
Consulting and professional services
As expected, this industry has produced many millionaires. To become a consultant, you are usually required to be an established expert in your field, and many are likely to have reached millionaire status before becoming consultants.
In this field, Professional Services Consultants earn an average annual salary of $82,870, while Professional Consultants earn approximately $110,435 annually.
Salaries for professional positions such as consulting managers and directors are even higher, averaging $120,000 and $140,000, respectively.
real estate
Real estate moguls have been making millions of dollars for centuries, primarily through building, owning, and renting real estate. This industry generates strong wealth, especially in Europe, where a significant portion of generational wealth is often tied to real estate assets.
Individuals involved in real estate development, real estate investing, and large-scale property management often accumulate large amounts of wealth. Their success typically stems from strategic investments in prime locations, profitable rental property management, and smart development projects.
Unlike typical salaried jobs, real estate wealth is typically built through capital gains, rental income, and real estate values that increase over time, contributing to the creation of millionaires and the preservation of wealth across generations. Masu.
Dollar Sanity details:
15 6-figure business ideas you should try
15 Multiple Income Streams for Busy People to Make Money Passively
11 jobs that pay more than $200,000 a year without a degree
Hello, I’m Ashley, a freelance writer with a passion for personal finance. From a young age, I’ve been fascinated by the power of money and how it shapes our lives. I spent years learning everything I could about budgeting, saving, investing, and retirement planning. So if you’re looking for tips, advice, or a little bit of inspiration to help you on your financial journey, you’ve come to the right place. I’m always happy to help. I’m excited to share my passion for personal finance with you.
