A few years back, researchers from Princeton University's Woodrow Wilson School shed some light on the long-debated topic of money and its link to happiness. The study revealed a correlation between earning a specific dollar amount and reaching one's highest happiness level. According to the study, as people earn more money, their day-to-day happiness increases. Yet once they hit a $75,000 income, their happiness plateaus.
These studies show that there's something about an income of around $75,000 that strikes a chord with Americans. If that income is something you wish to achieve, here's a list of seven fast-growing jobs that pay around $75,000 a year*.
1. Financial examiner
- What they do: Financial examiners oversee the compliance of laws governing financial institutions and transactions. They are responsible for reviewing balance sheets, assessing bank management and evaluating the risk levels of loans.
- Projected job growth between 2010-20: 27 percent (faster than average).
- Median annual pay: $74,940.
2. Health and safety engineer
- What they do: These engineers develop systems and procedures that prevent sickness or injury and keep property from being damaged. In this job, workers ensure that chemicals, machinery, software and other products won't cause harm or injury to people or structures. Having a background in both systems engineering and health/safety is important.
- Projected job growth between 2010-20: 13 percent (about as fast as average).
- Median annual pay: $75,430.
- What they do: Hydrologists study water and the water cycle. They use their expertise to solve problems in the areas of water quality or availability. They spend their time in the field on assignment or in an office or laboratory.
- Projected job growth between 2010-20: 18 percent (about as fast as average).
- Median annual pay: $75,690.
4. Information security analyst, Web developer and computer network architect
- What they do: These workers all use information technology in different ways to help a company achieve its goals. Security analysts help prevent cyberattacks that might compromise a company's information. Web developers create websites for companies or entities. Computer network architects create internal networks used by workers within an organization.
- Projected job growth between 2010-20: 22 percent (faster than average).
- Median annual pay: $75,660.
5. Medical scientist
- What they do: Medical scientists conduct research to help improve overall human health. Clinical trials and other investigative methods are commonly used to help in their findings.
- Projected job growth between 2010-20: 36 percent (much faster than average).
- Median annual pay: $76,700.
6. Physical therapist
- What they do: Physical therapists help people with injuries and illnesses regain and improve movement. They also help with pain management. These therapists are also an important part of the rehabilitation and treatment of patients with chronic conditions.
- Projected job growth between 2010-20: 39 percent (much faster than average).
- Median annual pay: $76,310.
7. Radiation therapist
- What they do: Radiation therapists treat cancer and other diseases in patients via radiation treatments. They usually work in hospitals or cancer treatment centers.
- Projected job growth between 2010-20: 20 percent (faster than average).
- Median annual pay: $74,980.
*Job descriptions, projected growth and median annual pay from the Bureau of Labor Statistics.
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