In this article by Alice Murphy and featured on the Daily Mail website, Michelle offers her six tips on how you can earn $100,000 a year without a university degree.
- Career coach Michelle Gibbings revealed how to forge a career without a degree
- The Australian expert said you should pursue a job in short supply to earn most
- She advised strategically relocating to find suitable lucrative opportunities
- Ms Gibbings also suggested going freelance to secure a higher daily rate
A career coach has shared six steps you can land a $100,000 job without the need for a university degree.
Australian jobs expert Michelle Gibbings said there are plenty of high-paying roles that don’t require third level qualifications across industries like construction, mining and IT.
Ms Gibbings, author of Career Leap, suggested pursuing a job in short supply and strategically relocating to secure the highest salary.
She also advised working freelance to bulk up your bank balance and highlighted the benefit of becoming the go-to expert in your chosen field.
1. SUPPLY WHAT’S IN DEMAND
Career expert Michelle Gibbings said strategically relocating to rural or remote areas could significantly increase your salary.
In saturated industries where hundreds of people boast the same skill set, jobs can be hard to secure and wages are often low.
In contrast, sectors which have a shortage of skilled workers are easier to break into and offer greater bargaining power when it comes to negotiating salary.
Ms Gibbings stressed the importance of consistently monitoring the jobs market to identify lucrative openings and to gauge what industries are booming.
‘It’s basic law of economics – supply and demand. If you’ve got a highly valued skill and demand is high for it – go to that area. It’s easier to negotiate a higher wage,’ she said.
According to Ms Gibbings, there is currently a shortage of skilled project managers and IT professionals in Australia.
2. STRATEGICALLY RELOCATE
Securing a thicker pay packet may require moving to where an opening is, rather than waiting for the job to come to you.
Relocating to a rural area, even temporarily or for a few weeks each month, provides new opportunities, particularly in mining, construction and some service industries.
In many cases, financial loadings are included in the base salary to attract people to remote regions.
3. THINK OUTSIDE THE UNIVERSITY-SHAPED BOX
While some of Australia’s biggest earners work in fields that require a degree, if not a masters, there is also a laundry list of professions that offer impressive salaries with no degree needed.
Construction managers, air traffic controllers, miners and power plant operators all earn in excess of $100,000 annually without the need for a bachelor’s degree.
The average take-home pay for an air-traffic controller is $134,000.
Jobs in the mining and construction industry also offer six-figure sums, with moderately experienced mine workers securing $117,000 per year and site managers earning a median of $111,000.
Meanwhile, power plant operators can earn up to $100,000.
Learning and training is still important as many of these roles still require accreditation or certification.
4. ESTABLISH YOURSELF AS THE ‘GO-TO’ EXPERT
Ms Gibbings believes that when a person is the ultimate, all-knowing expert in their field, work finds them.
‘We are prepared to pay more for the services and skills of someone who is deemed an expert,’ she said.
An expert is someone who has spent considerable time establishing an external brand and reputation by speaking at industry conferences, hosting seminars, building a following on social media or writing a book.
5. GO FREELANCE
The daily rate for contractors is usually higher than for permanent employees, making freelance a great way of bulking your bank balance.
While this is weighted to take account of unpaid sick and holiday leave, freelancing can still result in overall higher take home pay at the end of the year.
6. TAKE CALCULATED RISKS
Achieving long lasting financial success may not be about having just one job, Ms Gibbings reminded.
Sustained success may involve developing a side hustle to generate additional income, something which is easier than ever before thanks to the advent of social media and online business resources.
‘Getting a highly paid job doesn’t happen instantaneously, but with planning, focus and hard work you can be well on your way,’ Ms Gibbings said.