Trade professions can be a great way to hone a particular skill. As a plus, they’re also fairly lucrative and provide security. For the enterprising worker in some of these trades, they can also become home-based or larger businesses that let you take ownership over your craft.
What are the most lucrative options in the trades? If you’re looking for a trade job, consider entering into one of these high-paying careers.
Research Note: Unless otherwise noted, all pay information comes from the U.S. Bureau of Labor Statistics using 2020 data.
1. Plumber
Plumbers help install, repair, and maintain plumbing systems. They’re the ones you call when you have a leaky pipe. While the average plumber salary varies by state and level of experience, the median salary for a plumber is $54,810, and the top 25% make around $73,380. To become a plumber, you need to obtain a high school diploma or GED.
The next step is to complete formal training. This can either be an apprenticeship program or courses at your local trade school. The most common way to get an apprenticeship is through your local plumber’s union. The final step is getting your plumber’s license. There are certain requirements, such as having relevant experience and passing an exam.
2. Construction Manager
As a construction manager, you oversee projects and supervise the contractors. So, you’ll spend the majority of your day in an onsite office. You’re responsible for setting the budget, monitoring timelines, and assessing deadlines.
Before you start working, you’ll need to get a bachelor’s degree. Some standard college courses include construction accounting, hazard management, and construction law. Then, you’ll need to learn management skills through on-the-job training. Once you have the formal education and training, the median pay is an impressive $97,180 per year.
3. Aircraft Mechanic
For those interested in airplanes, this is an excellent field to enter into. These mechanics ensure the plane is in top shape. This entails doing repairs and routine maintenance checks. They also review complex manuals and blueprints and run diagnostic tests.
Many mechanics attend technical schools to earn their degrees. These are typically certified by the Federal Aviation Administration (FFA). They then complete some on-the-job training. Having good problem-solving skills and attention to detail are also critical. Aircraft technicians make a median salary of $69,040 per year.
4. Electrical Powerline Technician
These technicians are responsible for ensuring that homes and businesses have proper access to electricity. Other daily activities include monitoring work areas and procedures or testing electrical circuits. Many technicians also have in-depth knowledge of mechanical aspects. Like other trade occupations, you’ll need to obtain a high school diploma and onsite training.
Licensing is not required, but extra certifications can make you stand out. Although, you may need a commercial driver’s license (CDL) to drive the utility trucks. Once you have met the educational requirements, the median pay is $68,030 per year.
5. General Contractor
These contractors oversee the daily operations of a construction project. They are brought in after a plan has been put in place by the construction managers and architects. Their responsibilities include applying for permits, hiring specialized subcontractors, and securing the property.
Contactors also help manage clients’ expectations. To build good relationships, contractors should be transparent and available to answer any questions. You don’t need a college degree to enter this profession ― just a high school diploma. However, having strong computer, math, and carpentry skills are essential.
Like most trade businesses, you will need on-the-job training. Most states then require you to obtain a license. While the requirements vary, you must have a clean background and proven financial competency. After this paperwork is verified, you can take the state assessment. The exam covers topics such as law and state codes.
Once you receive your license, you can start attracting clients. The first thing you want to do is set up a strategic business plan. It is important that you follow business trends and remain flexible. Also, consider looking into software applications to help with accounting and marketing. Remember to get contractor’s liability insurance to cover property damage expenses.
As a general contractor, you can earn around $91,370 per year.
6. Elevator Mechanic
While this may be a less talked-about trade profession, you can earn around $84,990 within this career. These mechanics focus on fixing and installing elevators. Some even work with other transport devices like moving walkways.
Many technicians work in confined spaces or at heights. So if you’re claustrophobic, this may not be the ideal career. If not, this is a good job opportunity with potential growth. Employment in this field is projected to grow 7% from 2019 to 2029. All employees need a high school diploma, apprenticeship experience, and a license.
7. HVAC Technician
HVAC technicians work with ventilation, refrigeration, and air-conditioning systems. Daily responsibilities include changing outdated filters, installing heat pumps, and upgrading equipment. The median salary for this job is $50,590.
To enter into this profession, you must complete high school. Consider attending a vocational school and taking courses on mechanical skills. The next step is enrolling in a training program. Many employers also want to see that you have completed an apprenticeship. Most apprentices earn compensation for practical experience.
The final step is to receive your license. While requirements vary by state, all require the Technician Certification.
Top-Paying Trade Industries to Consider
Having a steady source of income is essential to take care of daily expenses. The trade professions have tons of lucrative opportunities. So, if you’re looking to change your profession, consider one of these top-paying career fields.
