10 High-Paying Jobs in the US That Don’t Require a Degree in 2024

High-Paying Jobs in the US: Embarking on a successful and well-paying career doesn’t always demand a college degree. In this article, we delve into the top 10 highest-paying jobs in the US that don’t require a degree. If you’re keen on exploring more options, you can also check out our comprehensive list of the

40 High-Paying Jobs in the US.

10. Uncover Mysteries as a Detective or Investigator

Average Salary: $91,610

Private detectives and investigators play a crucial role in solving mysteries. Typically requiring a high school diploma and under five years of relevant work experience, this profession also involves moderate-term on-the-job training. With an expected 6% growth from 2022 to 2032 and 38,300 jobs in 2022, it’s a dynamic field to consider.

9. Elevate Your Career as an Elevator and Escalator Installer or Repairer

Average Salary: $93,960

For those who enjoy working with their hands, becoming an elevator and escalator installer or repairer can be a rewarding choice. With a median annual salary of $99,000, apprentices usually start at 50% of the fully trained workers’ wage, with incremental raises as they progress in their careers.

8. Roll the Dice as a Gambling Manager

Average Salary: $95,830

Gambling managers oversee the smooth operation of casinos or gaming establishments. Managing staff, coordinating activities, and handling finances are all part of the job. If you thrive in a fast-paced environment, this could be the career path for you.

7. Navigate the Real Estate Market as a Real Estate Agent

Average Salary: $96,602

Despite recent challenges in the real estate market, becoming a real estate agent remains a lucrative option. The pandemic-induced increase in agents has reversed, creating opportunities for remote work without a degree or prior experience.

6. Harness Nuclear Power as a Nuclear Technician

Average Salary: $97,040

Stability defines the outlook for nuclear technicians, with little to no change expected from 2022 to 2032. Despite modest growth, an average of approximately 600 job openings per year is projected, making it a secure and well-paying career.

5. Manage the Flow as a Distribution Manager

Average Salary: $108,910

Playing a vital role in supply chain operations, distribution managers are essential in the United States. Surprisingly, 37% of them hold only a high school diploma or GED. Earnings vary based on experience and industry, ranging from $70,000 to over $100,000 annually.

4. Bring Words to Life as a Voice Over Artist

Average Salary: $111,531

For those gifted with a captivating voice, a career as a voice-over artist can be both fulfilling and financially rewarding. Platforms like Upwork connect skilled artists with businesses, offering hourly rates between $75 and $120.

3. Decode Data as a Data Scientist

Average Salary: $115,240

The demand for data scientists has skyrocketed due to the increasing importance of data-driven decision-making. Organizations seek professionals who can analyze large datasets, extract meaningful insights, and contribute to strategic planning.

2. Develop the Digital World as a Full Stack Developer

Average Salary: $128,350

Full Stack Developers command high salaries by combining expertise in front-end and back-end development. Proficiency in languages like JavaScript, HTML, CSS, Node.js, Python, and more is essential for creating responsive and visually appealing user interfaces.

1. Soar to New Heights as an Airline or Commercial Pilot

Average Salary: $132,250

The aviation industry faces a severe pilot shortage in the United States, creating unprecedented opportunities for aspiring pilots. Leading carriers are establishing their flight schools and training initiatives to meet the demand. Despite recruiting over 5,500 pilots in 2023, a shortfall of 29,000 is projected by the end of the decade, making it the highest paying job without a degree in the US.

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Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.

For example S&P 500 Index returned 43.4% in 1958. If Warren Buffett’s hedge fund didn’t generate any outperformance (i.e. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return. That would have been 9.35% in hedge fund “fees”.

Actually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as “fees”. His investors didn’t mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. That year Buffett’s hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as “fees”. S&P 500 Index lost 10.8% in 1957, so Buffett’s investors actually thrilled to beat the market by 20.1 percentage points in 1957.

Between 1957 and 1966 Warren Buffett’s hedge fund returned 23.5% annually after deducting Warren Buffett’s 5.5 percentage point annual fees. S&P 500 Index generated an average annual compounded return of only 9.2% during the same 10-year period. An investor who invested $10,000 in Warren Buffett’s hedge fund at the beginning of 1957 saw his capital turn into $103,000 before fees and $64,100 after fees (this means Warren Buffett made more than $36,000 in fees from this investor).

As you can guess, Warren Buffett’s #1 wealth building strategy is to generate high returns in the 20% to 30% range.

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We see several investors trying to strike it rich in options market by risking their entire savings. You can get rich by returning 20% per year and compounding that for several years. Warren Buffett has been investing and compounding for at least 65 years.

So, how did Warren Buffett manage to generate high returns and beat the market?

In a free sample issue of our monthly newsletter we analyzed Warren Buffett’s stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffett’s portfolio. This is basically a recipe to generate better returns than Warren Buffett is achieving himself.