What will be the highest paying careers of the future? My dcs want to earn 100k plus😁

[Snowqueen22]

Chatting to the dcs last night about careers... One is very creative, one loves stem & maths, the youngest excels at humanities. They all said money is the most important thing initially. So based on this what are & will be the highest paying careers of the future? 100k plus

There are also plenty of similar contracts in business analysis, testing, project, and programme management.
One of the best things about these positions is that they are just based on your skills. Rates are not varied due to sex, race or what school you went to. It's also possible to move sectors, I've worked primarily in telcomms and banking, but currently work in the nuclear industry. Stops you getting bored.

May useful if you want to marry into wealth 🤣🤣🤣🤣

100% finance but you'd probably have to at least lease your soul for a decade or two and expect no life...one of mine is after freedom to choose his own hours, not the money 😄

Given that London is declining as the financial capital of Europe, they may also need to move.

www.ft.com/content/db5d516a-4b35-4e85-8b02-4ddd73b48e0b

Bit less depressing re finance and London

www.cityam.com/london-breezes-past-european-rivals-to-retain-finance-hub-crown/

www.reuters.com/business/london-is-top-global-finance-centre-lags-key-areas-says-study-2022-01-27/

I wouldn’t worry too much about having to move

I'm an accountant. Its not deathly boring and does require creativity. I spent 12 years in big 4 and 10 in similar large firm.

It's always been well paid but not private equity well paid.

I agree, I'm an accountant and wouldn't say it's boring at all, but I've moved firms quite a lot and have carved out my own portfolio of clients and have my own niche, managed to avoid most of the boring "production line" stuff like audit and basic tax returns.

Those articles are older than the one I shared.

It's no secret that the UK is becoming a less attractive place for global businesses to site their operations. I can see finance goigoinhe same way.

Has anyone said data scientist for the maths one? They are well paid and sought after. Data is said to be the gold of the future.

Working in television can be well paid for the creative one. A media studies degree would be a start. I have several friends who are paid high six figures in tv.

One’s September I doubt much has changed. Anyway people / their dc are free to go if it’s that crucial. I’m sure £100k and over will still be possible.

My family has several people in it earning £300k+. All went to state school, had no social connections, and worked their way up.

Is basically:

1. work incredibly hard at school
2. do A levels in useful subjects like maths / economics / law / business (not English, philosophy etc)
3. seek out relevant work experience whenever possible
4. get into the most prestigious university you can
5. work incredibly hard at uni and apply for lots of relevant work experience
6. get a job as one of: banker, management consultant, or barrister in corporate litigation
7. work very hard
8. = seriously rich by age 30.

Dontaskdontget, that sums up my eldest son. Plus, he had serious hobbies which he still finds time for but realised early on that it was best for him to keep them as hobbies rather than try and make a living out of them. The hobbies have helped him develop into a very well rounded person, which I think has contributed to his work success. If you see what I mean.

Mspinkmarshmallow, I think tv/ media can be a bit hit and miss and a bit of “ getting a lucky break” one of my other adult children works in USATv, a very good salary and job, but not on the same scale as the bank son.

🙄 We live in a disgusting climate where people on an average wage are suffering. It’s called being sensible.

I was going to say this. DS2 earns over 100k at 36. He started in 3D design but also continued to develop his gaming skills. Then did a post graduate teaching qualification a college paid for. He's done the grunt work and worked his way up to team leader and training. Now works for an American company in the games industry who pay very well. It's about developing skills outside those you're taught, attending conferences, having an online presence and getting your name out. As well as being good at what you do of course. If you're creative, artistic and techie the games industry will welcome you.

If you are good and get good work experience, you can get a starting graduate salary in IT in the NW of £60k. (So not London based)

A lot of people have said about contracting in IT but the work isn't guaranteed, you can have gaps in work, and you have to look after your own tax stuff (and there are implications for sick leave and holiday pay).

If you can get a decent salaried graduate job, it opens up other things further down the line.

Generally graduate starting salaries in IT are lower but 60k starting is a possibility for good candidates.

I'm going to show them this! This is it in a nutshell @Dontaskdontget .They are also at a state school, it's good, not outstanding but they do work.

Some people think they sound lovely. I think they sound 🤮. How about teaching them that money doesn't buy you happiness and actually there are more valuable professions that don't earn over 100k that are necessary and valid!

Posters very critical. I don't see it as materialistic. It's very important to enjoy your job, or not hate it, at least. And yes you should consider if what you are interested in pays well, or at least reasonably. If it doesn't, take it up as a hobby!

Anyone who has been poor, had financial worries, knows it is AN important aspect of life.

I think it's good careers advice to talk to dc about the balance, of not working yourself to the bone for peanuts.

Disagree with badbadbunny, re accountants. Depends on where in the UK, but I've worked Devon, Bristol and Leicester and no one earnt as low as the £50k she stated. Accountants here in Surrey at the 3 local practices I've engaged with earn £80k.

Hmm - I'm wondering whether improved AI etc will wipe out a number of STEM careers in the mid term future (a bit like robotics has knocked out a lot of manufacturing type jobs). So I'd suggest that they look very carefully at whether they might become obsolete. Finance remains the obvious one (and there is a lot of complex IT work for financial institutions which is very well paid). Professional jobs vary massively as PPs have said. For every magic circle partner earning seven figures there's a raft of middling lawyers in small regional firms earning half of your DC's salary aspirations and a lot of criminal barristers earning the minimum wage.

After finance the second biggest contributor to the economy is the arts and that is an area where I suspect AI will find it harder to compete. But again, there are lots and lots of artists in all fields who struggle to survive/do a second job to pay the rent. Perhaps a bit of research into well paid jobs in the arts might be worthwhile....

Construction

The "very creative" & "excels at humanities" kids are going to be in for a shock.

Maths kid will be fine.

Not sure anyone has said this but one way to be earning that amount as an adult is to start investing their money now in a good EFT (at 8 and 10 years old).

If you've got investments working for you and you're building up compound interest, you can 'earn' well whatever you're doing as a day job.

(also, out of interest, how do your 8 or 10 year olds have a meaningful concept of what £100,000 actually is? I would have had no real clue at that age, except to know it was a big number!)

Brickie?

OP. What career do you have ?