Jobs That Pay 500k a Year Without a Degree
There are high-paying positions in almost every field and region, but most don’t exceed $500,000 annually. So instead, skilled professionals in these profitable industries have the potential to earn more than $500,000 over time with careful planning and saving.
It doesn’t mean you can’t make much money just because you don’t have a bachelor’s degree. Not all well-paying positions demand a college degree; many prefer candidates with the right abilities, experience, and background information. This article examines a few careers that can bring in over $500,000 a year without you having a degree.
Jobs That Pay 500k a Year Without a Degree
When you plan and succeed in your career, the following positions usually offer significant growth chances to help you make more than $500,000 per year.
Acting is one of the highest-paying careers in the entertainment sector. Some actors and actresses can earn up to $20 million a year, depending on their level of recognition.
Since it can be challenging to succeed in the acting business due to its intense competition, most actors and actresses begin their careers by enrolling in acting lessons and participating in theatrical plays. Their average monthly income of $43,760 places them among the jobs that earn at least $500,000 annually. They are paid more the more successful their film is.
An author creates plays, essays, books, or other written material. They consider the best method to tell a story or express their ideas, and they use precise terminology to entertain their audience. Typically, a published author writes a book, offers it to publishers, who provide a contract, and they get the book ready for publication. Other writers choose to self-publish their books, which involves drafting a manuscript and handling the publication procedure independently.
Even though writing and publishing a book can be difficult, authors who land a book deal have a great chance of making a lot of money. In addition, because there are fewer expenses, self-published authors can make more money from a single book sale.
However, traditionally published authors make lesser royalties from a single book sale. Still, with a publishing house’s extensive marketing and distribution, they can make more royalties from more book sales. In either scenario, authors can make over $500,000 in royalties if a book is highly well-liked and sells well.
Entrepreneurs start their businesses rather than working for someone else’s. The business industry pays some of the highest incomes to entrepreneurs. Numerous enterprises, including those best suited for women, can be started with little capital.
There are several options for high-paying jobs, regardless of the type of business you select. But you must educate yourself enough about business even if you don’t hold a professional degree. Entrepreneurs can easily make more than $500,000.
4. Insurance agent
Selling insurance is the job of an insurance agent and doesn’t require the candidate to have a professional degree. In addition to determining a person’s or business’s needs and providing insurance plans that will satisfy those needs, they are also in charge of cultivating relationships with clients to expand their clientele.
Most insurance brokers often focus on a single insurance category, such as long-term care, casualty, disability, property, or health. However, an insurance agent also handles all policy renewals, reviews client needs and policies, and suggests additions or adjustments to clients’ policies, among other tasks.
5. Real estate agent
The administration and maintenance of real estate projects are the responsibility of a real estate developer. Most of them hold bachelor’s degrees in business or a closely connected discipline, but it is not always necessary for a person to hold a degree to be a real estate agent. Their duties include planning real estate projects, settling disputes, and managing construction.
Real estate developers typically make $141,500 a year, but when they take on more projects, many can easily earn $500,000.
6. Professional athlete
Let’s not ignore professional players that compete in local, national, and international sports since we’re talking about careers that earn $500,000 without having a degree. If they excel in sports and frequently win events, their income is probably much above 500k annually. Sports stars can make $187,200 every month!
In addition to their pay, they make money by endorsing products or serving as brand ambassadors for fitness companies.
7. Chief executive officer (CEO)
A chief executive officer (CEO) often serves as the organization’s leader and is accountable to the board of directors. Not all CEOs who started their own business have a professional degree. However, they are in charge of creating and implementing corporate plans, enacting laws, and ensuring the organization achieves its objectives.
A CEO’s other responsibilities might include running the company’s operations, controlling the budget, collaborating with department managers and other executives, approving contracts, staying informed about market developments and changes, and coming up with strategies to boost productivity, expand the company, and cut costs.
The success of a firm is, in large part, their responsibility; hence CEOs frequently make very high salaries. Those who work with large corporations may make greater money. Additionally, CEOs frequently receive bonuses and stock options, both of which can increase their wealth.
With an average CEO salary of $784,685, this position is among those that pay more than $500,000. However, some CEOs can earn over $1 million a year if they receive a regular commission or a part of the company’s profits.
Is having a degree necessary?
A degree can open up more career opportunities for you, which will not only enhance your lifestyle but also have a positive financial impact on those around you.
A degree can increase your earning and employment potential regardless of whether you want to start in marketing, web design, or any other high-paying career, for that matter.
Your chances of finding a suitable job shouldn’t be reduced by not having a college degree. On the contrary, a solid social media presence is one of the best-growing methods. You’ll be able to stand out, attract the attention of potential employers, and land the job you want.
Several positions across multiple sectors that pay $500,000 yearly don’t require a degree. Instead, knowing which career path to take and excelling are the keys to earning this money. These occupations often offer significant compensation packages, so it is well worth your time to locate a successful career that will make you happy; however, salaries and bonuses vary depending on the role.