What are the top 5 careers of millionaires?

Asked by: Kristoffer Schmidt  |  Last update: March 11, 2025
Score: 5/5 (12 votes)

THE TOP 5 CAREERS OF MILLIONAIRES: - Engineer - Accountant (CPA) - Teacher - Management - Attorney Some of those are surprising, huh? Nope, teacher isn't a typo. You see, it's not chance or inheritance that creates most millionaires. It's a PLAN.

What career do most millionaires have?

The Top five Careers Most Likely to Produce Millionaires
  • Engineer. Median Salary: $91,010.
  • Accountant (CPA) Median Salary: $77,250.
  • Teacher. Median Salary: $61,030.
  • Management. Median Salary: $107,360.
  • Attorney.

What do 90% of millionaires do?

The answer: Real estate! When it comes to wealth-building strategies, real estate isn't just a side investment—it's a staple for the wealthy. A significant percentage of millionaires include real estate in their portfolios, and there's a reason for that.

Which job is best for millionaires?

Occupations that often produce many millionaires include entrepreneurship, finance and investment banking, technology, medicine, real estate, law, consulting, entertainment, sports, and high-level sales and marketing.

What industry are most millionaires in?

1. Financial Services. The financial services sector has produced more millionaires than any other industry, according to the Wealth Report. The sector plays a critical role in managing, growing, and deploying money worldwide.

How to Be a Millionaire on a Low Salary

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What careers make you rich?

9 Most Common Jobs in America that Produce Millionaires
  • Engineer. Engineering is a broad field encompassing various disciplines, such as civil, mechanical, electrical, and software engineering. ...
  • Accountant. ...
  • Sales Professional. ...
  • Lawyer. ...
  • Real Estate Agent/Broker. ...
  • Doctor. ...
  • Software Developer. ...
  • Entrepreneur.

What degree do most millionaires have?

More millionaires have degrees in engineering than any other subject, according to a new study from WealthInsight. As reported by the New Statesman, the study highlights the 10 most popular degrees that millionaires around the world hold, both for undergraduate and graduate studies.

What job makes $2 million a year?

That said, the very highest-earning people are in finance and law. The top 1% in finance earn over $2m per year. Since finance makes up 0.9% of the workforce of 160 million, that's well over 10,000 people.

What skill makes the most millionaires?

12 MUST HAVE Skills of Every Millionaire
  • Product and Service Innovation. ...
  • Organizing. ...
  • Goal-Setting and Planning. ...
  • Money Management. ...
  • Philanthropy. ...
  • Networking. Building relationships is instrumental in the world of business. ...
  • Leadership. Every millionaire is a leader. ...
  • Time Management.

What jobs make $1000000?

10 high-paying jobs
  • Pilot. ...
  • Actuary. ...
  • Computer network architect. ...
  • Air traffic controller. ...
  • Petroleum engineer. ...
  • Lawyer. ...
  • Physicist. ...
  • Computer and information systems manager.

What do millionaires do all day?

How do millionaires spend their day? Millionaires spend their time on the things they know will bring them more income and wealth. That could be nurturing a solid friendship, investing in education, or delegating busy work to spend time on the most revenue-generating tasks.

How do most millionaires go broke?

If a millionaire doesn't budget properly and starts spending on personal chefs, expensive cars, and other luxury amenities, they may quickly run out of money. Sometimes millionaires, especially new millionaires, feel they have so much money that they lose perspective on what they can afford.

What is the highest paying easy job?

High-paying simple jobs
  1. Truck driver. National average salary: $96,200 per year Primary duties: Truck drivers can have several responsibilities, though they mostly transport goods from one location to another. ...
  2. Sales representative. ...
  3. Dispatcher. ...
  4. Customer service representative. ...
  5. Chauffeur. ...
  6. Claims adjuster. ...
  7. Roofer. ...
  8. Groundskeeper.

What degree is most likely to make you rich?

  1. Engineering. Coming in at the top is engineering. ...
  2. Economics/Finance. It's no surprise to hear that studying Economics or Finance can help fast-track you towards being a millionaire. ...
  3. Politics. ...
  4. Mathematics. ...
  5. Computer Science. ...
  6. Law. ...
  7. MBA.

Are millionaires rare?

So, just how many millionaires are out there? According to the Federal Reserve's 2022 survey, approximately 18% of U.S. households had at least seven figures net worth. That's roughly 23.7 million millionaire households across the country.

What are the top 5 professions of millionaires?

According to the study, the top five professions that produce millionaires are engineers, accountants, teachers, business managers and attorneys. “Medical doctor didn't even make the top five,” Ramsey told Von. Here's why these unexpected professions beat out those in the medical field for millionaire-status.

What skill gives the most money?

Most Profitable Skills to Learn in 2025
  • Tech skills.
  • Sales.
  • Design – UX, graphic, or visual.
  • Video Filming & Editing.
  • Project Management.
  • Foreign Language.
  • Foreign Currency Exchange Trading (FOREX)
  • Trade skills. All the skills are discussed below to give you an idea of what to expect.

What is the most common job for rich people?

The top five careers for millionaires include engineer, accountant, teacher, management and attorney.

What jobs pay 800K a year?

800k salary jobs
  • Hematology Oncology Physician in North Carolina. ...
  • Interventional Cardiology Opening in California - 800K First Year. ...
  • Interventional Cardiology - San Luis Obispo, California. ...
  • Ophthalmology Opportunity in Rehoboth Beach, Delaware. ...
  • Obstetrics Gynecology. ...
  • Strengthen your profile.

Which field is best for rich?

Jobs That Make a Lot of Money (17 high-paying careers in 2024)
  • 10. Entertainment Professional. ...
  • Investment Banker. ...
  • Lawyer. ...
  • Pharmacist. ...
  • Physician or Surgeon. ...
  • Professional Athlete. ...
  • Real Estate Developer. ...
  • Software Developer.

What is the #1 best paying job?

Get Matched!
  • Obstetrician and Gynecologist. #1 in Best-Paying Jobs. ...
  • Psychiatrist. #2 in Best-Paying Jobs. ...
  • Emergency Medicine Physician. #3 in Best-Paying Jobs. ...
  • Orthodontist. #4 in Best-Paying Jobs. ...
  • Anesthesiologist. #5 in Best-Paying Jobs. ...
  • Oral and Maxillofacial Surgeon. #6 in Best-Paying Jobs. ...
  • Radiologist. ...
  • Pilot.

What field has the most millionaires?

College Majors That Have Produced the Most Millionaires
  1. Engineering. Engineering has long been a top field for producing millionaires. ...
  2. Business Administration and Finance. ...
  3. Economics. ...
  4. Computer Science and Information Technology. ...
  5. Law. ...
  6. Medicine.

What degree do most CEOs have?

The most common degrees among CEOs are Bachelor of Arts (BA) and Bachelor of Business Administration (BBA), with 53% holding one of these degrees, while 47% have Bachelor of Science (BS) degrees.

How many hours do millionaires work?

The average self-made millionaire in America works 59 hours per week - many work 70 or 80. The average self-made millionaire in America works six days per week rather than the usual five.