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There is no way around it. College is expensive. To help pay for their educations, students are taking out more and more student loans and graduating with more and more student debt. But, some students are able to pay off their student loans faster than others based on their careers. Here are 10 of the best careers for paying off your student loans fast.
1. Physician
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After completing both an undergraduate program and medical school, the student loan debt for physicians, surgeons, anesthesiologists, GPs and other medical professionals can be through the roof. Thankfully, most grads of these programs are in for a healthy first-year salary hovering around the $210,000 mark.
2. Psychiatrist
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Psychiatrists are M.Ds that work with mental health. After completing medical school, many see patients in private, outpatient facilities. Psychiatrists’ average base salary hovers around $200,000 a year.
3. Lawyer
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If medical school isn’t your calling, consider law school. Lawyers work with clients in both criminal and civil lawsuits in multiple different areas of the law. With an average starting salary ranging from $80,000 to $160,000 depending on the area of expertise you choose, it’s the perfect place to put that philosophy degree to good use!
4. Computer Systems Manager or IT Manager
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Computer Systems or Information Technology Managers help to coordinate and direct computer-related activities. If a company is interested in getting a new computer system, the IT manager would be in charge of planning and coordinating that effort. With a bachelors degree and a little work experience (getting an internship while you’re in school is a great way to fast track that aspect of the job criteria!) you could be making around $125,000 a year.
5. Pharmacist
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Pharmacists work with doctors and patients to ensure the safe use of prescription medications. After completing four years of pharmacy school and passing two licensing exams, students receive their Pharm.D and work in pharmacies located in grocery stores, drug stores, and health care facilities for roughly $120,000 a year.
6. Financial Manager
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Students who enjoy working with numbers and managing money should consider getting their degree in finance and becoming a financial manager. People in this profession help companies, organizations, and regular people stay financially healthy. Financial managers direct investments, produce and analyze financial reports, and pull in roughly $115,000 per year.
7. Air Traffic Controller
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Keeping the traffic flow around airports and throughout the world under control is no easy task. Air traffic controllers must be detail-oriented problem solvers with great organization skills. Students wishing to pursue this career path must complete a bachelors degree program as well as courses at the Federal Aviation Administration. The extra schooling is worth it though, air traffic controllers make roughly $110,000 a year.
8. Software Architect
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Software Architects or Developers are the masterminds behind your favorite apps and computer programs. Students interested in this career path should get a degree in computer science and specialize in development. Lots of hands-on experience is necessary to find a position in this field so look into internship opportunities while you’re still in school is a great way to get a leg up. It is no surprise that competition can be fairly heavy in the world of developers as salaries tend to begin just under $100,000.
9. Analytics Manager
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Data minded students can put their skills to good use as analytics managers. Students who pursue this career path must receive a bachelor’s degree in math, IT, statistics, or another related area. Data analysts help companies and organizations to make better-informed decisions based on statistical analysis for between $80,000 and $90,000 a year.
