10 Most Lucrative Industries for Women

Sep 28th, 2011

Over the past 100 years, women have completely reinvented themselves. Gender boundaries are consistently being erased, and women continue to make huge strides in gaining the skills, recognition and compensation that they deserve. We are not far away from the end of the glass ceiling and true equality for women in all fields of work. While there is still a difference in pay between men and women in some fields, many industries have come to be dominated by women who make a very lucrative living. Here are the top 10 most lucrative industries for women:

  1. Law

    Some of the most effective lawyers in the country are women. Being a lawyer demands patience, persistence and the ability to fight for what you believe in, and many women excel in all of these areas and more. As a result, women can earn a lucrative living in the field of law. According to the U.S. Bureau of Labor Statistics (BLS), female lawyers earn a median salary of $78,468 per year. As more and more women earn law degrees, these earnings are likely to increase, and this makes being a lawyer an attractive and lucrative career option for women.

  2. Healthcare

    Nearly 78% of healthcare workers are women, and these women tend to make a lucrative living as healthcare professionals. The term healthcare is a broad one, and many different job titles fall under its umbrella, including nurse and physician. As a nurse, a woman can earn an average median salary of $62,450 per year, according to BLS. Physicians can make more than this, and some other fields make substantially less. Overall, healthcare is a stable field with high levels of job satisfaction and employment growth, which makes healthcare a very lucrative industry for women who want to earn more and enjoy what they do.

  3. Computer Management and Information Systems

    Women have the potential to make a lot of money as computer and information systems managers. Computer and information systems managers are involved in the management and administration of technology at organizations in order to help companies meet their business goals. According to BLS, women in this position can make median yearly earnings of $65,520. Most computer management and information systems managers are required to have a bachelor’s degree in subjects like business administration management, information technology and management information systems.

  4. Sales

    A recent study found that women are coming to dominate certain areas of sales, a traditionally lucrative field for those who excel. In fact, the study seemed to show that women tend to have better selling skills than men, translating into substantial earnings for saleswomen. Recent college graduates with a bachelor’s degree can expect to make around $54,000 per year on average, but certain fields, such as pharmaceutical sales, can bring in double or even triple that amount with a few years of experience. It’s no wonder that women are entering the sales workforce in record numbers. Stable job openings and substantial earnings make sales a very lucrative career for women.

  5. Human Resources

    Many women excel in the field of human resources and have come to earn a very lucrative living as human resource managers. Almost every person will deal with human resources at one point in their working life, and it takes dedication, patience and understanding to truly excel as human resources professionals. BLS lists the median salary for female human resources managers at $59,124, and this number is likely to go up as companies are forced to make difficult hiring decisions in the years to come.

  6. Executive Management

    Not long ago, the field executive managers were almost always male. Much has changed in the past 100 years, and one of those changes includes women taking senior executive management roles, such as the role of CEO or CFO. BLS lists the median salary for female Chief Executives as $83,356, but the highest earners can make up to millions of dollars. These salaries prove that having the right skills and knowledge to manage a large corporation has nothing to do with gender.

  7. Speech-Language Pathology

    Speech-language pathology is an increasingly popular field for women because it provides a high level of job satisfaction, favorable job opportunities and a lucrative salary. According to BLS, women in speech pathology can make a median yearly salary of $58,448, but this number can vary from state to state and depend on the employer. Most speech-language pathologists are required to earn a master’s degree, as well as obtain licensure and certification. The job also requires sensitivity, support, patience and compassion, which may come easy to many women. This exceptionally rewarding job does require a demanding level of schooling, but the pay off of helping patients develop or correct their speech is well worth it.

  8. Pharmacy

    Women are increasingly entering the field of pharmacy with lucrative results. According to Forbes, female pharmacists earn a median salary of $85,644. While that median salary is very lucrative, pharmacists must complete a rigorous graduate level program and post-graduate training in order to practice. The job requires exceptional skills in the fields of math and science, as well as a caring and personable demeanor for dealing with customers. Women are proving to exhibit all of these skills, and as a result they are making a lucrative living serving their communities as pharmacists.

  9. Computer Software Engineering

    Computer software engineering has long been a predominantly male career field, but in recent years women have stepped into the industry and have made a good living working as a computer software engineer or computer programmer. According to BLS, computer software engineers can make median yearly earnings of $70,252. Not only is computer software engineering a highly lucrative occupation, but the field is also projected to grow at an exponential rate, resulting in greater job prospects for both women and men. Most computer software engineers earn their bachelor’s degree in computer science or software engineering.

  10. Education

    Women have traditionally dominated the field of education, and this trend shows no signs of slowing down. But while women have traditionally dominated the field of teaching, they are now infiltrating leadership positions within education, such as school counselor and principal positions. These positions are more lucrative than the traditional teaching position. According to BLS, an elementary school principal can make an average salary of $85,905 per year. With salaries like this, it’s likely that women will continue to enjoy the lucrative opportunities a career in education can offer.