A salary of $100k has been the goal of many employees across the world for decades. As more and more people achieve (and exceed) that goal, some employment experts wonder if that bar should be raised to larger values like $200k or $300k. Most experts agree that $100k is still a great goal to shoot for, while recognizing some important caveats such as living in a high cost-of-living state (like NY or CA) or being near the end of one’s career. Many people are familiar with the typical high-paying jobs that meet or exceed $100k in salary (such as doctor or lawyer), but read on to learn about some lesser-known jobs that recently joined the list.
Psychologists reportedly saw a huge boost to the average reported salary (for industrial or organizational psychologists), reaching over $105,000. Prior to the pandemic the average salary for this job was typically around $92,000. Surveys show their services came in higher demand as people of all ages faced increased stress related to their economic situation, health situation, or overall adjustment to new standards of living (related to government/corporate reaction to COVID-19).
Biochemists and biophysicists also saw their skills increase in demand as pharmaceutical companies, the government, and more took an all-hands-on-deck approach to developing better PPE, better therapeutics, and ultimately multiple vaccines for COVID-19. Prior to the pandemic their salary was typically around $94,000 but afterward it grew to over $102,000.
Post-secondary teachers/professors saw their average salary go from $99,000 to $103,000 as universities pulled out all the stops to prevent the shutdown of classes from going on any longer than necessary, including paying professors more to motivate them to fill in the gaps of other teachers who had to take leaves of absences due to health reasons.
These salary increases have been attributed to the tight labor market during the COVID-19 pandemic that caused companies to be doling out hefty bonuses and salaries to keep their top talent in-place instead of testing the labor market during the “great resignation.” Human resources experts also saw on surveys some people finally getting around to finishing a degree or certification they’ve been putting off for a while, with the extra time spent at home. Companies also had to compete with the government more than in recent history as huge sums of money were shipped out of the Treasury Department to millions of Americans via various stimulus packages or other employment benefits.