2012’s Best-Performing Jobs for Doctoral and Professional Degrees

May 7, 2012 by Emsi Burning Glass

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This is the fifth post in a series about the best jobs by ed level for 2012. See the original post here. Keep in mind that the 2012 data is a projection.

In this post we want to highlight the fastest-growing and highest-paying jobs that require a doctoral or first professional degree. Our analysis is based solely on labor market data from EMSI’s 2012.1 Covered Employment release, which is drawn from over 80 state and federal data sources. We use Analyst, EMSI’s web-based labor market analysis tool, to assemble and filter this data. The tool contains detailed information on over 1,100 industries and 800 occupations.

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Most New Jobs

  • Postsecondary teachers gained 80,000 new jobs from 2008-2012.

  • Physicians & surgeons gained 23,000,

  • Family & general practitioners gained 15,000, and

  • Medical scientists gained 8,300.

As it turns out, most of the occupations here are healthcare related (SOC code 29).

SOC CodeDescription2008 Jobs2012 JobsChange% Change2011 Median Hourly WageEducation Level25-1099Postsecondary teachers1,350,1631,429,45579,2926%$30.84Doctoral degree29-1069Physicians and Surgeons, All Other262,635285,55422,9199%$81.53First professional degree29-1062Family and General Practitioners94,503109,51815,01516%$77.21First professional degree19-1042Medical Scientists, Except Epidemiologists99,470107,8168,3468%$36.47Doctoral degree29-1022Oral and Maxillofacial Surgeons4,8819,9275,046103%$86.30First professional degree19-3031Clinical, Counseling, and School Psychologists94,79998,7853,9864%$32.36Doctoral degree29-1061Anesthesiologists35,65439,5183,86411%$86.89First professional degree29-1021Dentists, General84,69588,5563,8615%$68.61First professional degree29-1131Veterinarians53,09456,7483,6547%$39.22First professional degree29-1067Surgeons42,58846,1003,5128%$89.19First professional degreeSource: EMSI Covered Employment - 2012.1

Fastest Growth

Here we have the jobs that have bulked up the most proportionately speaking.

  • Oral & maxillofacial surgeons grew by an impressive 103% since 2008.

  • The rest can’t even touch that: family & general practitioners (16%), obstetricians & gynecologists (14%), anesthesiologists (11%), and pediatricians (11%). Note again the dominance of healthcare jobs.

SOC CodeDescription2008 Jobs2012 JobsChange% Change2011 Median Hourly WageEducation Level29-1022Oral and Maxillofacial Surgeons4,8819,9275,046103%$86.30First professional degree29-1062Family and General Practitioners94,503109,51815,01516%$77.21First professional degree29-1064Obstetricians and Gynecologists19,25521,9452,69014%$83.69First professional degree29-1061Anesthesiologists35,65439,5183,86411%$86.89First professional degree29-1065Pediatricians, General27,95130,8912,94011%$72.39First professional degree29-1041Optometrists26,13728,8052,66810%$45.60First professional degree19-2011Astronomers1,2111,3261159%$52.95Doctoral degree29-1069Physicians and Surgeons, All Other262,635285,55422,9199%$81.53First professional degree29-1029Dentists, All Other Specialists5,5045,9704668%$74.77First professional degree15-2021Mathematicians3,1813,4482678%$44.73Doctoral degree19-1042Medical Scientists, Except Epidemiologists99,470107,8168,3468%$36.47Doctoral degree29-1067Surgeons42,58846,1003,5128%$89.19First professional degreeSource: EMSI Covered Employment - 2012.1

Highest Paying

Again, lots of health care jobs. Of all the occupations that make more than $70 an hour (2011 median hourly wage), surgeons is the highest ($89.19), followed closely by anesthesiologists ($86.89), oral & maxillofacial surgeons ($86.30), and obstetricians & gynecologists ($83.69).

SOC CodeDescription2008 Jobs2012 JobsChange% Change2011 Median Hourly WageEducation Level29-1067Surgeons42,58846,1003,5128%$89.19First professional degree29-1061Anesthesiologists35,65439,5183,86411%$86.89First professional degree29-1022Oral and Maxillofacial Surgeons4,8819,9275,046103%$86.30First professional degree29-1064Obstetricians and Gynecologists19,25521,9452,69014%$83.69First professional degree29-1023Orthodontists5,2305,5883587%$83.18First professional degree29-1063Internists, General47,33950,2592,9206%$81.87First professional degree29-1069Physicians and Surgeons, All Other262,635285,55422,9199%$81.53First professional degree29-1066Psychiatrists21,54622,9821,4367%$78.50First professional degree29-1062Family and General Practitioners94,503109,51815,01516%$77.21First professional degree29-1029Dentists, All Other Specialists5,5045,9704668%$74.77First professional degree29-1065Pediatricians, General27,95130,8912,94011%$72.39First professional degreeSource: EMSI Covered Employment - 2012.1

The Upshot

Taking growth and wages together, which of these super-high higher-ed jobs are performing the best? Oral & maxillofacial surgeons, physicians & surgeons, family & general practitioners are the most notable on both levels.

Return to the original post here.

Find out more about EMSI and our data here. You can reach us via Twitter @DesktopEcon or by emailing Rob Sentz (rob@economicmodeling.com).