In general, the best paying careers for women are the best paying careers for men, with exceptions like professional male athletes in the NFL, NBA, and Major League Baseball. Women make up half the workforce, and in many cases they are the primary wage earners in their families, so it's especially important that women maximize their earning power.
Men still out-earn women by about 20%, but the wage gap in the US finally appears to be closing. In fact, according to the US Department of Labor, just over 50% of workers in management and professional jobs are women.
When it comes to the top paying careers for women, one thing becomes clear: education is the key to most of the highest earning categories, particularly education in mathematics and the so-called hard sciences like chemistry, biology, and physics.
As is the case with men, the top paying jobs for women are those as chief executives. As of 2009, women made up around one-quarter of chief executives, and only earned three-quarters of what their male counterparts earned. Still, with a median income of $81,000 per year, being a chief executive pays well, regardless of gender.
Also high on the list of best paying careers for women is a career in pharmacy. Pharmacists out-earn lawyers and physicians. The median salary for female pharmacists is over $75,000 per year, and it is a field that is poised for continued growth as the population ages.
One of the reasons that pharmacists out-earn physicians on average has to do with how broad the definitions are. The category of physician takes in not only top earning surgeons, but also residents and interns, who earn very little. Another reason that women pharmacists out-earn women physicians on average is that women physicians are more likely to specialize in lower paying physician specialties like family medicine rather than the high paying specialties like plastic surgery and cardiac surgery.
Computer programming is another great career for women. While women make up less than one-quarter of computer programmers, their earnings are nearly identical to those of men in the field, with a median of $62,000 per year. Programmers in the top 10% of their profession pull in over $100,000 a year. This is also a great profession due to its natural compatibility with telecommuting. Computer programmers often start out with bachelors degrees, so they start earning good money much sooner in their careers than women in careers that require years of training, such as medicine.
Occupational therapy is a high earning profession that is dominated by women, who make up more than 80% of the professionals in the sector. Female occupational therapists match males in salary, too, the only professional sector in which that is uniformly true. Occupational therapists earn a median income of $60,000 per year, and the field is expected to experience healthy growth through 2020. However, there are several more opportunities to read about.
Rob Huber
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