Still living from paycheck to paycheck? It’s time to step up your game and learn at least one of these five high-paying skills that will have you rolling in cash by 2023.
Earn from Software Development
Software development is a growing industry with high demand in 2023. It has become an essential part of the workforce, with a 17% increase in demand across industries. As observed, businesses have started relying more on digital technology to streamline operations, cut costs, and improve efficiency, leading to a rise in demand for software engineers.
The average annual salary for a full-stack software engineer is $99,609, while backend software engineers with less than one year of experience to five years of experience earn an average of $117,600 in the United States.
Copywriting
The demand for writers and authors is expected to grow by 9% between 2020 and 2030, owing to the emphasis on digital marketing and the increasing number of businesses moving online. This makes copywriting a lucrative career option in 2023 and beyond. Highly qualified copywriters can earn millions of dollars per year, as proven by Clayton Makepeace, one of the most successful copywriters of all time.
Meanwhile, the average salary for a copywriter in the US is $72,377, with an additional cash compensation of $6,617, for a total compensation of $78,994.
UI/UX Design
Specializing in UX design is not only a good career choice but also a wise financial decision. With an average annual salary of around $98k and salaries on the rise in both the US and Canada, UX designers can earn a comfortable living while doing work they enjoy. But it’s not just about the money. This career was also ranked by Forbes as second-best for work-life balance, so you can have both financial security and personal fulfillment.
And, with 87% of hiring managers ranking UX designers as a top priority, it’s clear that this field will only expand. Indeed has ranked UX Designer as the fifth most in-demand role in technology, and it’s easy to know why. Because currently, there’s an increasing emphasis on user-centered design in the digital landscape.
Course Creation
The eLearning industry is rapidly expanding, with a projected $375 billion in revenue by 2026, making creating and selling online courses a lucrative opportunity. With continued demand for online learning in 2023, online courses generate passive income and provide an appealing source of revenue.
While the average annual salary for an Online Course Creator in the US is $58,481, there are many examples of highly compensated course creators in the eLearning industry. These include Anik Singal, who reportedly earns more than $10 million per year from his online courses, and Ramit Sethi, who has earned more than $25 million.
Data Analytics
The data analytics industry is rapidly expanding, with the average salary for a Data Analyst in the US being $75,456, and Senior Data Analysts earning $96,852. Transitioning to a Data Scientist role can increase this number even more, with an average of $100,000 in the data science field.
According to IBM, the predicted increase in Data Science and Analytics jobs to nearly 350,000 by 2023 demonstrates this surge in demand. Remote work is also driving the demand for cloud-based big data analytics, presenting businesses with appealing market opportunities. With a compound annual growth rate of 30.7%, the data analytics market is expected to be worth USD 346.24 billion by 2030.
