Unless you were born with a silver spoon in your mouth, getting rich takes hard work and dedication. Deciding on a career that you are passionate about can boost your chances of success.
Some professions, such as law and real estate, are known for their high pay. However, you can also get rich with a degree in other fields as well.
As a lawyer, you can make very good money. The salary and benefits are among the highest in all professions.
A lawyer’s success is based on their ability to represent clients in legal disputes and keep the law and courts running smoothly. Their motivation is fueled by the joy of giving hope and helping people through difficult situations.
Attorneys often depend on an extended network of professionals to help them with a case. This means they have paralegals, investigators, doctors, and financial experts who can help them get the best results possible for their client’s cases.
It is very important for a lawyer to know when to drop a client. They should be able to identify when it is not worth their time, resources, and reputation to work with them.
It is also very important for lawyers to set limits on how much they can charge their clients. They should not charge more than they can sustain or risk having their firm fail financially in the long run.
Air Traffic Controller
Air traffic controllers use radar and other technology to monitor the flow of aircraft in and out of airports. They also communicate with pilots and other air traffic control staff to ensure the safety of passengers and prevent delays.
A high-paying, fast-paced job that requires maximum concentration, air traffic controllers coordinate the movement of aircraft to maintain safe distances between them. They often work nights, weekends, and rotating shifts.
To become an air traffic controller, you must attend an Air Traffic Collegiate Training Initiative (AT-CTI) program and pass various assessments. You must also submit to medical and background checks.
Many people choose to become air traffic controllers because they enjoy interacting with others and have leadership skills. They also like putting things in order and are good at problem-solving. They also have a desire to win and achieve their goals.
Hedge Fund Manager
Hedge fund managers are those who work on behalf of high net worth investors. They earn a salary and receive a 20% performance fee if the investments perform well.
This is an industry where it takes a lot of brain power to run a hedge fund. So it’s important to be prepared and get the right education.
A bachelor’s degree in finance is a great start, as are certifications like CFA and CAIA. This will help you gain the confidence of investors and prove that you know your stuff.
Pay at this level is pretty dependent on performance, but can range from a few hundred thousand USD to a million dollars. It depends on your location and fund size.
As a hedge fund manager, you need to be able to raise capital. You need enough money to pay yourself, hire others and cover your own administrative expenses.
There is a lot of money to be made in investment banking. However, this career path is not for everyone.
The job requires long hours and intense work, so you should only pursue this career if you’re willing to put in the time and energy needed for success. It’s also important to remember that it’s a highly competitive industry, so you’ll need to network with other professionals in the field to learn about the highest-paying opportunities.
In addition to a good academic record, you should have commercial awareness and knowledge of financial markets. Employers look for candidates with a strong, consistent performance in their studies and who can handle the pressure of a challenging graduate career.
An excellent way to get experience in this career is to apply for a summer internship. These typically last 10 to 12 weeks and are usually offered at analyst level for students in their penultimate year of their undergraduate degree or associate level for postgraduates.