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Saturday, November 7, 2009

Top-paying jobs for women

Move over CEO, there's a new job in town.

Women are flocking to the labor force in record numbers. Nearly 60% sought or occupied employment in 2008, the latest year for which statistics are available, representing 46.5% of the total U.S. labor force. More than one-third of these women worked in management, professional and related occupations, accounting for 51% of all workers in this top-paying sector.

Though a pay gap persists--women's earnings remain stalled at around 80% of men's--women are finding the jobs that pay them the most, and some may surprise you. Based on a U.S. Department of Labor Women's Bureau 2008 analysis, we ranked women's median weekly earnings as full-time wage and salary workers to uncover the highest-paying jobs for women.

In Pictures: Top-Paying Jobs For Women


An unlikely No. 1 emerged. Much to our surprise, pharmacy topped the list, where women pharmacists earn a median wage of $1,647 per week or about $86,000 a year. Women currently account for slightly less than half of all pharmacists in the U.S. and earn about 85% as much as their male colleagues. It's a much smaller pay gap than that of medical doctors, however, where women make 59% as much as men. And pharmacy requires less education.

Women physicians and surgeons came in far behind pharmacists at No. 6 on the list, earning a median of $1,230 per week. Dr. Drucilla Barker, economist and director of women's and gender studies at the University of South Carolina, explains this by the wide distribution of salaries in the medical profession. Women often go into family practice or other lower-paying specialties, she says, rather than work the 80-hour-plus weeks of surgeons. In jobs like pharmacy and speech pathology there is a clear and narrow salary range, and women are more likely to have manageable schedules, Barker says.

Women computer scientists and systems analysts came in at   No. 10, earning a median wage of $1,082 per week or about $56,000 a year. In recent years, telecommuting has become increasingly common in the industry, making computer science even more appealing to women seeking high-paying work and flexibility.

And just above, at No. 9, were speech-language pathologists, the only occupation on our list in which women earn exactly equal to men and represent 50% of the field's total workers.

While women are inching higher and higher in status positions and earnings--the pay gap has narrowed by 10 percentage points since 1990--there remains a large divide. About 3.5 million women earn within the highest pay bracket, making a minimum of $1,500 per week, compared with almost 10 million men. This may be explained by the most common female-held positions: administrative assistants, nurses and grade school teachers. (As a comparison, there are 36 times as many women administrative assistants as there are women pharmacists.)

Yet women outnumber men in some unexpected high-earning jobs like financial managers, accountants and auditors, and budget analysts. Women human resource managers, the No. 8 position on our list with a median of $1,137 per week, outnumber men in the field 2 to 1.

In Pictures: Top-Paying Jobs For Women


More From Forbes.com:

America's Best-Paying Blue Collar Jobs

Get The Best Job References You Can

How To Negotiate For A Better Salary, Even Now


Syndication:

From the Community…

Comments 1-10 of 46
  • herbert's Avatar
    Posted by herbert Sat Jun 27, 2009 8:55pm PDT

    Do they have any statistics on women Airline Pilots salary?

    Report Abuse
  • Cathy's Avatar
    Posted by Cathy Sun Jun 28, 2009 7:41am PDT

    I had a job I loved for 30 years. They closed my school and pretty

    much told us we were on our own. I would like to work again but at

    60 and with the job market there doesn't seem to be much out there.

    It was my choice to work at a Catholic school and believe me I loved

    it, but now I am financially unprepared. Where did the time go.

    Report Abuse
  • Ms. Priss's Avatar
    Posted by Ms. Priss Mon Jun 29, 2009 12:07pm PDT

    Cathy, girl ur still good to go,ever try the hospitality field, i see more boomers then ever working banquets,weddings,etc.from the back dof to the house to the front.it's can be tedious work but the finished product is well worth it.plus u get to wear a tux sometime!oh yeah.and the pay can be very lucrative.if u enjoy people,like constant movement,and can live with sore feet.(hopefully u have someone at home to rub them)u may like it.Good luck whatever u deceide. Ms.Priss

    Report Abuse
  • matcel's Avatar
    Posted by matcel Tue Jun 30, 2009 10:44am PDT

    hi! i really love my work today, but how if the situation don't want me to work...... hu hu hu hu hu....

    Report Abuse
  • B's Avatar
    Posted by B Tue Jun 30, 2009 1:22pm PDT

    It makes me really sick when I see the pay gaps between the genders. Maybe I'm too feminist or just a woman with all her things together, but why the heck do men earn so much more for the same job?! WTF?!!!!!They are not better, faster, more educated or whatever. The society is really screwed up and I am still surprised how many women actually think it should be this way... I won't apologize for having boobs and not a penis and I would like to be treated equally.

    Report Abuse
  • JiJI's Avatar
    Posted by JiJI Tue Jun 30, 2009 3:29pm PDT

    Why is it that we have Pharamacists making more money than female physicians and surgeons?? handing out drugs makes more money than treating people after having to go to school forever, that sucks

    Report Abuse
  • QM's Avatar
    Posted by QM Tue Jun 30, 2009 4:58pm PDT

    im in pharmacy school right now, almost done, and let me tell you, its not easy! and in some instances pharmacists have to know more then doctors, medicine wise like side effects. and we have to deal with cranky customers that we cant even turn away like doctors do. so i think its fair that we earn all the money we make.

    Report Abuse
  • Taher's Avatar
    Posted by Taher Tue Jun 30, 2009 5:19pm PDT

    lajsdklajsdfls

    Report Abuse
  • Dubs's Avatar
    Posted by Dubs Tue Jun 30, 2009 5:30pm PDT

    Here is the link to the statistics

    http://www.dol.gov/wb/factsheets/Qf-ESWM08.htm

    EXCERPT:

    OCCUPATIONS-- In 2008, for women who were full-time, wage and salary workers, the ten most prevalent occupations were:

    Secretaries and administrative assistants, 3,168,000

    Registered nurses, 2,548,000

    Elementary and middle school teachers, 2,403,000

    Cashiers, 2,287,000

    Retail salespersons, 1,783,000

    Nursing, psychiatric, and home health aides, 1,675,000

    First-line supervisors/managers of retail sales workers, 1,505,000

    Waiters and waitresses, 1,471,000

    Receptionists and information clerks, 1,323,000

    Bookkeeping, accounting, and auditing clerks, 1,311,000

    ---------

    Among women who were full-time wage and salary workers, here were the ten occupations with highest median weekly earnings in 2008.

    Pharmacists, $1,647

    Chief executives, $1,603

    Lawyers, $1,509

    Computer software engineers, $1,351

    Computer and information systems managers, $1,260

    Physicians and surgeons, $1,230

    Management analysts, $1,139

    Human resource managers, $1,137

    Speech-language pathologists, $1,124

    Computer scientists and systems analysts, $1,082

    ---------

    Women accounted for 51 percent of persons employed in the high-paying management, professional, and related occupations category.

    Women continue to comprise the larger share of workers in these occupational categories: sales and office occupations, 63 percent; and service occupations, 57 percent;

    Only 4 percent of all natural resources, construction, and maintenance occupations and 22 percent of production, transportation, and material moving occupations were held by women.

    Women made up 45 percent of workers in the public administration industry – federal, state, and local government workers.

    Self-employed workers: 9.2 million—3.5 million women; and 5.7 million men.

    Source: U.S. Department of Labor, Bureau of Labor Statistics, Employment and Earnings, Annual Averages 2008.

    EARNINGS— Money wage or salary income, net income from non-farm self-employment, and net income from farm self-employment. For a more detailed explanation of earnings, please view the Census Bureau’s definition at http://www.census.gov/population/www/cps/cpsdef.html.

    Median weekly earnings for full-time wage and salary workers in 2008: women, $638; and men, $798.

    Overall, women earned 80 percent of what men earned when comparing median weekly earnings of all full-time wage and salary workers.

    Table 5

    Median Weekly Earnings, by sex and race, 2008

    White women: $654

    White men: $825

    Black women: $554

    Black men: $620

    Hispanic women: $501

    Hispanic men: $559

    Asian women: $753

    Asian men: $966

    Median yearly earnings for full-time year-round workers was $ 35,102 for women; $45,113 for men and in 2007.

    -----------------------------------------------

    These statistics are mostly on target but again the methods of obtaining them are questionable like most statistics. There is always that grey area of "HOW did you obtain these?"

    Currently the Women's Bureau is going through some assessment issues(2005 assessment) in regards to the programs results...alas what federal program isn't.

    http://www.whitehouse.gov/omb/expectmore/summary/10003906.2005.html

    Here's the detailed assessment

    http://www.whitehouse.gov/omb/expectmore/detail/10003906.2005.html#questions

    This is pretty much like most federal programs where we shovel out money for and even though the design and management of them are rated fairly good, the results and accountability....well you'll see for yourselves.

    Report Abuse
  • Anna's Avatar
    Posted by Anna Tue Jun 30, 2009 5:54pm PDT

    This article is just biased. What about the higher paying job for men? Why didn't you do an article on that? Oh, and I thought that the top paying job for women is a porn actress. Having unprotected sex on camera pays more than the other jobs that are in the article.

    Report Abuse
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