A big reason why we all choose our career is for the salary. Let’s be honest, money plays a huge role in our lives and there’s nothing wrong with wanting to earn more. Whether you’re fresh out of college or looking for a new profession, there are many lucrative careers in business. The corporate world is known for big earnings for not only entrepreneurs but employees, too. These are 3 lucrative business careers you should consider for upping your salary.
In Canada, the average project manager earns $84,000 per year. This is a great salary to live on and there’s plenty of opportunities to move up. A project manager has the responsibility of planning, overseeing, and reviewing projects within a business. Are you good at multitasking and leading? Then this could be a great career choice.
You will determine whether or not a project is a worthwhile investment, both in time and resources. If so, you will need to estimate how much it will cost to complete, what the end result will be, and how long it will take. Qualities of a project manager are important to meet. They need to be exceptional with people and working with teams. They lead their members, monitor progress, and guide others in the right direction.
A marketing director earns up to $159,641 annually. This depends on your exact experience in marketing and how much results you could deliver for a company. Marketing is one of the most crucial parts of any business and as the director, you will be overseeing marketing strategies, research, and planning. This will be for individual projects, services, locations, and the business as a whole.
Most marketing directors have a Bachelor’s degree or a masters, so post-secondary education is a huge plus. Studying business and marketing in school will also allow you to develop real-world skills you will use in this career path. Companies tend to have less than 100 employees on average with software being the most common industry marketing directors are needed in. Most directors have 15 years of experience, so experience is definitely a prerequisite.
Many actuaries earn over $100,000. Their role is to measure and manage risk within a business. No company is completely free of risk and it must be analyzed to be reduced. Otherwise, balance sheets, revenue, and other important aspects of a business can be negatively affected.
Actuary duties are narrowed down to two different types of categories:
Life: Responsible for managing risk related to mortality, health, and pension. Jobs might include evaluating life insurance, disability insurance, or health savings.
Non-life: These are actuaries that deal with property, auto insurance, worker compensation and other general cases. Enterprises will also hire or outsource actuaries to analyze financial, employment, and security risks.
A career in business doesn’t mean you have to own one. There are plenty of lucrative and rewarding careers like being a project manager, marketing director, or actuary. What are your greatest skills? Are you a team player and leader? Or are you more of an analytical person? Brainstorming like this will help you decide your next career move.