Are you looking to earn a better wage and you’re wondering what jobs can pay you up to a million dollars yearly? While it might be a tasking journey, acquiring million dollar jobs is not impossible.
This article explores the kind of jobs that can earn you over a million dollars annually, and the skills needed to get million dollar jobs.
What jobs pay 1 million dollars a year?
Several methods exist for earning a million dollars from wages. The two most common routes to extremely high salaries are to work in either the finance or technology sectors.
Both sectors demand you to have a strong educational foundation, strong interpersonal skills, and a certain level of experience that could span years.
Once they achieve the level of director, a lot of people in the desired field of finance earn over $1 million annually.
For example, depending on the deals they are given, big bank executives may regularly earn $1 million, $2 million, or even $5-10 million annually.
Furthermore, those who get to the “partner” level at major banks earn eight figures and above. Top traders at big banking institutions can make upwards of seven figures during a successful year.
However, many seasoned traders hardly ever manage to achieve this degree of success because of the volatile nature of that profession.
Hence, as an expert securities trader, despite your best efforts, the market will sometimes always have the final say.
Leading financial advisors and wealth managers at prestigious banks earn more than $1 million annually.
Nevertheless, if you do not work for a significant financial institution and are not an exceptional trader, you can earn over $1 million annually in finance.
You can achieve this by entering private equity, venture capital, hedge funds, and mutual funds and working your way up the corporate ladder.
2. Technology fields
The average salary and bonuses for C-Level executives (CEO, COO, CMO, and CFO) for large and even mid-sized software companies exceed $1 million annually.
You simply need to choose a technical field (product, marketing, design, development, sales, etc) and work your way up to the top over many tough years to achieve this level.
For example, in the software industry, the commission is the main source of income for salespeople rather than pay, and top salespeople receive enormously massive commission checks.
At mid to large-sized software organizations, regional VPs and top account executives commonly earn over $1 million annually if they can close the biggest deals.
However, because you are at the whim of the market, it is very difficult to maintain this level of success, similar to financial assets trading.
Other fields that have a high likelihood of you earning a million dollars annually include real estate, exports/shipping, the oil sector, the food industry, the entertainment industry, and the energy, and utility industries.
Additionally, known job roles that can earn you a million annually include investment bankers, real estate agents, company executives, law firm partners, franchise owners, surgeons, and entrepreneurs among others.
What jobs pay 2 million dollars a year?
Although not an easy feat to accomplish, successful business ventures or startups can earn you up to 2 million dollars annually. A notable example of entrepreneurship would be running an eCommerce platform like Amazon or Etsy.
While building a suitable eCommerce platform might cost you thousands of dollars, it also has the potential to rake in millions of dollars yearly or even monthly.
Successful eCommerce platforms that attract the attention of customers are the result of a harmonious combination of a responsive layout, strong marketing, and quality design. So you do not want to be cheap when creating your platform.
You should also narrow your focus to selling a specific kind of product, such as phones or nightwear/lingeries, to get results quickly.
2. Financial assets trading
If you think positively, investing in trading in cryptocurrencies, equities, gold, or FX can be rewarding for you. Realistically speaking, the financial market deals a lot with your greed, humbles you, and, if you’re not strong, it might even shatter you.
You should be okay if you take the time to learn proper risk management, choose a reliable crypto exchange or brokerage firm and learn how to trade the markets.
Additionally, day traders or those who retain financial assets like cryptocurrency for a certain amount of time enjoy some hefty returns that can total up to $2 million each year.
Create a blog today, and in a few months, you could be earning up to $4,000 a month. You may spend a lot of your free time doing the things you enjoy while blogging and making extra money.
Many bloggers today earn more than $180k per month from their blogs, which, when properly calculated, equates to a staggering $2.16 million annually from blogging.
4. Become a YouTuber
It costs nothing to start a YouTube channel, and in a single year of dedication, you may earn millions of dollars from that too.
Numerous YouTubers like Jimmy Donaldson, Markiplier, Rhett, and Link will affirm that they make over 10 million dollars yearly.
It needs a combination of quality and consistency to produce this much. In the beginning, you should concentrate on a topic and create your YouTube channel around it.
What jobs can make you a millionaire without having a degree?
From programming to being a social media influencer, many jobs can make you a millionaire without a college degree. Listed below are some jobs that with enough dedication can make you a millionaire.
- Pro Gamer
- Real Estate Agent
- Air Traffic Controller
- Twitch Streamer
- Graphic Designer
- Instagram Influencer
- Stand up Comedian
- Funeral Service Manager
- Website Developer
- Cyber Security Specialist
- Social Media Manager
- Personal Trainer
- Event Planner
- Language programming
Skills that can get you million-dollar jobs
You must be conscious of all the requirements and talents that are simple to learn to elevate the standard of your work.
Along with improving your knowledge, these abilities can raise or supplement your income. Several of the most sought-after high-income skills include:
- Expertise in a certain field
- SEO marketing
- Digital Marketing
- Online Course Creation
- Content Creation/Content Marketing
- Web Designing
- Software Development
- Data Analysis
- Python Programming
- Social Media Marketing
Where can you find million dollar job openings?
You can find million-dollar job openings on top job platforms like LinkedIn, Indeed, Monster.com, and Ziprecruiter among others job platforms. You can also get these jobs directly from the employer’s website or official social media handles.
What are examples of million dollar engineering jobs?
Software engineering, civil engineering, and petroleum engineering are among a few engineering jobs that can earn you millions for being an expert in the field.
Can remote jobs make you a millionaire?
Yes, work-from-home jobs can make you a millionaire within a short period. Some of these jobs include investing in real estate, tech jobs, trading stocks, and social media influencing among others.
While the popular notion that you have to own a business or have a good university degree to get million-dollar jobs exists, this is not entirely true. Certain skills like tech skills can be learned within a course of 3-6 months which makes it equally possible.
Furthermore, people who venture into the entertainment industry or become online influences are capable of earning that. Hence, your ability to get million dollar jobs rely on your knowledge and dedication to master these skills and monetize them.
I hope you found this article helpful. You can also read about jobs that give 8-figure incomes and how to get such jobs.
Thanks for reading.