Career
Top High-Paying Jobs Without a Degree: Insights from Latest Research
Last Updated on April 23, 2024 by Robert C. Hoopes
The U.S. Skilled Trade Job Market Booms Amid Labor Shortages
Skilled trade jobs are proving to be a lucrative avenue for career growth, offering high pay, job security, and the bonus of not requiring a college degree. The U.S. skilled labor market is currently facing record pressure due to an aging workforce and a lack of young people training for trade jobs.
According to McKinsey & Co., wages for skilled trade jobs have risen by over 20% since 2020 as a result of severe labor shortages. Demand for skilled tradespeople is expected to continue increasing over the next decade, creating numerous job opportunities in various industries.
Some of the most in-demand trade jobs that are currently hiring include construction superintendent, manufacturing production manager, and journeyman plumber. Plumbers and electricians, for example, require different levels of certification ranging from apprentice to master in order to fulfill their roles effectively.
ZipRecruiter has also reported a significant increase in demand for high-paying trade jobs such as construction superintendents, fleet managers, and journeyman electricians. Careers in construction, manufacturing, and home services are providing opportunities for individuals to earn six figures without the need for a college degree.
While skills-based hiring is becoming more common, it is still not widespread in all industries. To help job seekers navigate the competitive job market, CNBC offers an online course on how to ace job interviews and a newsletter with tips for success at work.
As the demand for skilled trade workers continues to grow, individuals looking to embark on a rewarding career path may want to consider exploring opportunities in the thriving skilled labor market.
