For 2014, lawyers earned a median annual income of $133,470. That number may even be a bit of an understatement. Salaries for lawyers vary significantly based on geography. For example, attorneys who work in large cities, particularly New York and Washington, DC, can earn considerably more.
Income wise, engineering depends largely on the area of specialization. For example, here are the median salaries in five common engineering capacities:
Chemical engineers, $103,590
Mechanical engineers, $95,780
Computer hardware engineers, $110,650
Aerospace engineers, $110,650
Petroleum engineers, $147,520
Above average income isn’t the only reason why the engineering field can be an inside track to millionaire status. Engineers typically enjoy a higher level of career stability than most other fields. In addition, they also tend to be “well employed” – working for companies that not only offer career paths, but also above average benefits.
3. Real Estate Broker or Agent
Real estate agents had a median income of $55,530, but top agents can easily make twice that much. Real estate brokers earn a median income of $80,420, but the top 10 percent of earners made a median of $178,770, which puts them close to physicians and surgeons, and well ahead of lawyers and engineers. That income, plus a few smart real estate deals, could bring millionaire status in less time that it can be achieved in most other career fields
The BLS income information for CPA’s is included with “accountants and auditors” and is listed as an annual median income of $73,670. However, since CPA’s are a specific group of high level accountants, it’s likely that the annual income is significantly higher.
5. Medical Doctors and Surgeons
For 2014, physicians and surgeon earned a median annual income of $189,760. Many specialists earn considerably more.
7. Insurance Broker or Agent
Insurance agents earn a median income of $63,730, but as is the case with real estate agents, top performers can earn a lot more. Insurance brokers – including independent brokers and the people who typically own the insurance agencies that insurance agents are employed with – earn a median annual income of $207,580.