ENTRY LEVEL JOBS THAT PAY WELL IN 2020 [SALARIES REVEALED] - YouTube

if you're looking for the highest paying jobs  out of college you are at the right place but not  

only am I going to share what those jobs are I'm  also going to share entry-level compensation and  

a quick description of each role if this is your  first time on my channel hello my name is Joonn  

and I make videos about navigating your career as  well as personal finance so if either of those are  

interesting to you hit the subscribe button and if  you're feeling generous hit that like button too  

so let's get started job number six: associate  consultant at a management consulting firm  

according to Victor Chang associate consultants  make $100,000 straight out of college that's  

broken down by an eighty five thousand dollar  salary and a fifteen thousand dollar bonus  

consulting is a vague term and a lot of people  use it and a lot of people can be consultants  

but the specific type of consulting that I'm  talking about is management consulting and to  

give you a quick definition management consultants  analyze and offer solutions to complex business  

problems so for example let's say there's a coffee  company who has done explosively well and they're  

looking to expand to international markets they  don't have that experience they hire consultants  

who helped a ton of other clients from a ton of  different industries expand into international  

markets so that's their specialty that's kind of a  difference in the nuance of management consulting  

although they don't know that the specifics  of your business they'll know how to help you  

solve problems that you are not used to that they  have solved for many other clients now day-to-day  

responsibility is typically ranged from doing  research analyzing data and ultimately presenting  

your findings to your clients so that you can  better help them with the specific solution or  

the specific problem that they hired you for  now although that sounds really cool there are  

some few key drawbacks that you should take into  consideration one you're working 60 hours a week  

on average and a bigger consulting firm 2 you're  managing a lot of high pressure situation between  

managing deadlines of your boss and management  deadlines of your client and 3 you're living out  

of a suitcase Monday through Thursday because  you're typically on client site which could be  

another city or another state or sometimes even  another country cool so now we have job number  

5 which is an investment banking analyst according  to Wall Street Oasis a typical entry-level analyst  

at a bulge bracket bank will make a sum total of  a hundred thousand dollars that's broken down by  

a $90,000 salary and a 40,000 year-end bonus  investment Baker's help clients raise capital  

to fund various activities that help businesses  grow typical reasons to hire an investment banker  

is usually when you go public as a company or  you're looking to acquire smaller companies  

but you want to get if their opinion of what that  company is worth in terms of day-to-day activities  

investment banking analysts are typically known  to do a lot of the grunt works that can range  

from running financial models valuing the company  or making pitch books but the two big drawbacks  

of investment banking or even working on average  about 80 to 100 hours a week do the math I just 14  

hours a day if you're working seven days a week  flash and secondly naturally it's a super high  

stress high paced environment but you'll learn  a ton you learn how to value companies you'll be  

really good with Excel so if those are things that  you want to do this could be a career path for you  

so now we're moving out of the client services  industry and we're moving into the tech scene  

so all the compensation information that I'll be  getting is from levels FYI so check it out if you  

want more info about tech compensation all right  job number four is product designers entry-level  

product designers at big tech companies like  Facebook Amazon and Google make a hundred and  

forty five thousand dollars straight out  of college it's crazy just gets bigger and  

bigger also as an added bonus Glassdoor ranks  product designers as a top thirty fourth best  

job in America as of 2020 now a quick description  about each type of product designer there are two  

distinct types one is a UX designer which stands  for user experience and the other is UI which  

stands for user interface to get confused a lot  but a good analogy that I've heard of that helps  

distinguish the two different types of rules is  think about a UX designer as the person who's  

responsible for how the car drives whereas the UI  designer is responsible for the look and feel of  

the car in terms of day-to-day responsibilities  product designers are responsible for user  

research specifically try to answer the questions  who are our users how do they use our product  

and what are the biggest pain points that we can  solve and - they design a lot of different mocks  

so sample designs of what the could look like  and then three they work with cross-functional  

partners so that the designs that they've made are  actually implemented into the product if you're  

interested in design you like human behavior and  you want to be in the tech industry this could be  

a really good fit for you so now we're moving on  to job number three product managers entry-level  

product managers a big tech companies can expect  to make a hundred and sixty five thousand dollars  

straight out of college as an added bonus they are  ranked as the fourth best job in America according  

to class door and in terms of what these guys  actually do they're kind of like the mini CEOs  

of the respective product they collaborate with  the team and brainstorm different product ideas  

they set a product roadmap set milestones to make  sure that the team stays on track so ultimately  

they're responsible for getting the team from  ideation to execution quick plug I'm actually a  

product manager at Facebook specifically in rpm  and if you're interested in my journey and how  

I became a product manager without any prior  product experience at Facebook check out the  

link below now moving on to number two we have  data scientists entry level data scientists at  

big tech companies can make upwards of a hundred  and seventy thousand dollars also they're ranked  

as the third best job in America according to  Glassdoor and they've been in the top three for  

the past like three or four years they're doing  really well in terms of what data scientists  

do data scientists analyze and interpret data  to ultimately allow businesses to make better  

data-driven decisions now on a typical day data  scientists will inform the team of new insights  

that they found run a beat test and sometimes even  coin new metrics for the team to measure against  

and as businesses are migrating into the digital  world there will be more data available and more  

demand for data scientists who help businesses  make better decisions all right and finally  

moving on to the number one job we have front-end  engineers not only are they the highest-paid out  

of college standing at about a hundred and eighty  thousand dollars in total compensation at big tech  

companies they're also ranked at number one  on america's best jobs according to Glassdoor  

front end engineers are effectively builders  specifically they code designs that the designers  

make and hook it up to the back end to provide a  seamless experience for a user when using popular  

apps like Instagram Facebook and YouTube you might  be asking yourself why do software engineers make  

so much money it doesn't make and the answer  is simple supply and demand there's only so  

many people graduating from four-year degrees  studying computer science who are going into  

software engineering while the demand for these  software engineers are through the roof right  

now as companies are continually migrating to the  Internet and need these people to make that happen  

as a result companies are willing to pay a premium  for this specific type of talent and because  

there's such a big shortage of software engineers  here comes the boot camps big boot camps like Hack  

Reactor promised non-technical people who didn't  study computer science in college an opportunity  

to become a software engineer and I actually  think they have a 98% employment rate after  

they graduate the program so if you're in college  and want to be a software engineer look into your  

colleges computer science majors but if you're out  of school consider going into a boot camp but make  

sure it's something that's reliable that has a  successful track record like Hack Reactor oh my  

gosh that was a lot but that's a wrap and if you  made it this far into this video here's a bonus  

fun fact for you prior to technology consulting  and banking used to be the highest paying most  

sought after jobs after college but now that  Tech is in the game people are getting paid more  

and they're happier and they're more fulfilled at  their jobs so more and more people are moving over  

to tech in fact if you look at Harvard Business  School's employment history I think about like 20%  

of people are now going into tech they're all  about similar and tight now if you found this  

video helpful and hopefully you did if you made  it this far into the video don't forget to hit the  

like button and subscribe to my channel as I'll  be making more videos like this every week if you  

have any questions about any of these top six jobs  add them in the comment section below and I'll  

do my best to answer your questions thank you so  much for watching and have a great day everybody