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Mar 21 - The 10 Most Overpaid Jobs


 Mar 21 - The 10 Most Overpaid Jobs
topic by tmitch19 - 03-21-2013, 12:52 PM - Boxden > Non-headline articles, author commentary, documentaries, and more


The 10 Most Overpaid Jobs


By Rick Newman | U.S.News & World Report LP – 4 hours ago





Jobs are hard to come by these days. Raises are puny. It's getting harder to get ahead, as most workers know.
But some employees still report to Easy Street when they punch in.

While average incomes have fallen during the last few years, CEO pay has continued to rise. Other executives and specialists with key skills earn top dollar, especially if they're willing to live on airplanes and make other tradeoffs that globalization demands. Some companies may even be willfully overpaying certain workers, since aggressive downsizing has left them more dependent than ever on fewer people.

To identify the most overpaid workers, U.S. News analyzed data provided by compensation experts at PayScale to highlight occupations characterized by relatively high pay for relatively easy work. This is admittedly an inexact science with subjective criteria. "Overpaid" means different things to different people, and many workers represented on our list have perfectly legitimate jobs requiring skill, talent and training.

What we tried to suss out are occupations that have been largely exempt from the do-more-with-less ethos so many workers are familiar with, and might even be considered enviable jobs. To help generate our list, PayScale sorted data on thousands of occupations to isolate those in which median pay is well above the norm. The final list includes jobs held by people who report relatively low levels of stress (a proxy for how demanding the work is) and who feel their job doesn't necessarily make the world a better place. (See a methodology note at the bottom of the story.) By those standards, here's our list of the 10 most overpaid jobs:

Consulting software engineer (median mid-career salary: $123,000). These high-end programmers design and maintain sophisticated computer networks for big companies and other large organizations. But the work can be dry and many such engineers question the value of what they do. Other types of programmers and software engineers rank high on the overpaid list as well.

Brand strategist ($90,700). These advertising or marketing specialists work to improve the image and reputation of companies and their offerings--whether deserved or not. Brand strategists rate the importance of their own work poorly compared with other professionals.

Interaction designer ($116,000). Many websites rely on these technical experts to make the user's experience engaging and fun--though often to lure users into a purchase or transaction rather than provide personal benefits to them. Other types of website architects and managers also made the overpaid list.

Marketing research director ($122,000). They're highly paid, but market-research pros these days increasingly slice and dice reams of data instead of interacting with focus groups or real people. Job stress is particularly low compared with other occupations, suggesting cushy work conditions, often in front of a computer.

Accounting consultant ($81,700). These specialized auditors have lots of expertise, but even they seem to think they're overpaid: Nearly three-quarters say their job has no positive impact on the world or makes it a worse place.

Portfolio analyst ($81,800). It's certainly not a job a monkey could do, but the value of portfolio analysts who continually recalibrate pools of investments to optimize their value has been questioned for a long time--even by analysts themselves. Some overestimate their expertise or fail to acknowledge their limited ability to predict what might go wrong.

Wholesaler, financial services ($109,000). Is one insurance policy or mutual fund really that much better than another? The sales pros who pitch financial products to businesses (which might offer them to their own employees or customers, in turn) strive to make their offerings seem best, but skepticism is an occupational hazard in this job.

Patent attorney ($170,000). We tend to think of patents as the breakthrough insights of revolutionary inventors, but they're increasingly a form of warfare among corporations seeking to prevent each other from gaining a technology edge. The lawyers who f!ght those battles are among the highest-paid professionals PayScale surveys.

Investment consultant ($111,000). Financial advisers can help develop a long-term investing strategy, but they sometimes hawk products on behalf of favored financial firms or advocate active trading--which racks up fees--rather than more proven buy-and-hold strategies. Consumers have become widely skeptical of financial professionals.

Data scientist, IT ($133,000.) Big data is the next big thing, and these quantitative experts--typically with doctorates in math or similar fields--earn big bucks for developing the models and algorithms that will help corporations gain a marketing or competitive edge. What's in it for the ordinary people whose data is being scrutinized is less clear.


(Methodology: PayScale.com, which conducts detailed surveys on compensation, sorted data on thousands of occupations by three variables, each weighted equally: total median cash compensation for a worker with 10 years of experience or more, relative to the median for all jobs; the degree of job stress workers report in each field; and how meaningful workers say their job is. Jobs with high relative pay, low stress and low meaningful ratings were rated as "overpaid," while jobs with low relative pay, high stress and high meaningful ratings were rated as "underpaid." U.S. News combined some job categories to prevent repetition and make the list more representative of the entire economy.)

The 10 Most Overpaid Jobs - Yahoo! Finance


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32 comments for "Mar 21 - The 10 Most Overpaid Jobs"


 03-21-2013, 01:35 PMaway - #2
Nut-In-Honeys 9 heat pts

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Originally Posted by Eminence Grise
LOL @ them mentioning financial services numerous times. Fk outta here. Being a financier is hard work...harder than these manual labor jobs because it requires critical thinking which is the hardest work there is. That's why those of us in finance get paid the way we do when we're doing it right.
This is true but ya'll don't really make a product
 03-21-2013, 01:45 PMaway - #3
Nut-In-Honeys 9 heat pts

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Originally Posted by Eminence Grise
Without us, you'd still be building homes from scratch and saving up money to buy the things you want. Financiers made leverage possible which lead to the economic expansion of the past 150+ years.
I understand all of that but ya'll still don't make anything tangible. You make money off of the money of someone that actually makes something
 03-21-2013, 02:06 PMaway - #4
THERETURNOFK2Z 2 heat pts

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Originally Posted by Nut-In-Honeys
I understand all of that but ya'll still don't make anything tangible. You make money off of the money of someone that actually makes something
MANY Financial advisors, investment bankers etc make WAYYYYYYYYYYY more than 100k... im in the industry as well..


many of them do.... NEAR NOTHING including myself sometimes
 03-21-2013, 02:07 PMaway - #5
THERETURNOFK2Z 2 heat pts

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Originally Posted by Eminence Grise
Without us, you'd still be building homes from scratch and saving up money to buy the things you want. Financiers made leverage possible which lead to the economic expansion of the past 150+ years.
For our country and for some,,
 03-21-2013, 10:59 PMaway - #6
Striker1415 58 heat pts58

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Originally Posted by THERETURNOFK2Z
MANY Financial advisors, investment bankers etc make WAYYYYYYYYYYY more than 100k... im in the industry as well..


many of them do.... NEAR NOTHING including myself sometimes
You still missing the point they dont make anything. Financier are just gamblers that speculate and dont care a tangible product

Financial advisor's job is to say put your money in this stock and buy this bond and take a 10% fee.

I could give them sports pick and get a better return
 03-22-2013, 01:18 AMaway - #7
Dee Grande 836 heat pts836

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 03-22-2013, 02:00 AMaway - #8
Apostrophe 

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Originally Posted by Eminence Grise
Without us, you'd still be building homes from scratch and saving up money to buy the things you want. Financiers made leverage possible which lead to the economic expansion of the past 150+ years.
True but his point is more valid than yours in the overall picture. Your life's work is hollow. True you make a ton of money but what you do is ultimately an endless repetition of meaningless meaningfulness that will leave you perpetually unfulfilled, hence why people in your profession overdose on greed. It holds value on paper alone and can be extinguished with the click of a button. Your greatest accomplishment has the lifespan of a fly. When you die you will have left nothing behind. You will have built nothing. You will have achieved nothing. Your existence is artificial. You might feel successful and important but at the end of it all, you might as well have spent 50 years gambling at a craps table in vegas.
 03-22-2013, 06:42 AMaway - #9
Jayg36 17 heat pts17

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Originally Posted by Eminence Grise
Without us, you'd still be building homes from scratch and saving up money to buy the things you want. Financiers made leverage possible which lead to the economic expansion of the past 150+ years.
With u I do all those things bcuz the market has been proven untrustworthy
 03-22-2013, 06:55 AMaway - #10
winwin1000 

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I don't see Senator or Congressman anywhere on the list
 03-22-2013, 09:17 AMaway - #11
GrownmanJ 21 heat pts21

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Originally Posted by Apostrophe
True but his point is more valid than yours in the overall picture. Your life's work is hollow. True you make a ton of money but what you do is ultimately an endless repetition of meaningless meaningfulness that will leave you perpetually unfulfilled, hence why people in your profession overdose on greed. It holds value on paper alone and can be extinguished with the click of a button. Your greatest accomplishment has the lifespan of a fly. When you die you will have left nothing behind. You will have built nothing. You will have achieved nothing. Your existence is artificial. You might feel successful and important but at the end of it all, you might as well have spent 50 years gambling at a craps table in vegas.
Damn...
 03-22-2013, 09:57 AMaway - #12
itgrowsindawata 

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Originally Posted by Apostrophe
True but his point is more valid than yours in the overall picture. Your life's work is hollow. True you make a ton of money but what you do is ultimately an endless repetition of meaningless meaningfulness that will leave you perpetually unfulfilled, hence why people in your profession overdose on greed. It holds value on paper alone and can be extinguished with the click of a button. Your greatest accomplishment has the lifespan of a fly. When you die you will have left nothing behind. You will have built nothing. You will have achieved nothing. Your existence is artificial. You might feel successful and important but at the end of it all, you might as well have spent 50 years gambling at a craps table in vegas.
ethered!
 03-22-2013, 12:09 PMaway - #13
Bea5T 78 heat pts78

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anyone IT

90% of their time is spent surfing the internet bull!!ting around
 03-22-2013, 12:17 PMaway - #14
infam0uskills 4 heat pts

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they can try to rag on the financial sector but im banking $70k gross but Im def not complaining
 03-22-2013, 01:27 PMonline - #15
BlackRepub85 5 heat pts

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Originally Posted by Apostrophe
True but his point is more valid than yours in the overall picture. Your life's work is hollow. True you make a ton of money but what you do is ultimately an endless repetition of meaningless meaningfulness that will leave you perpetually unfulfilled, hence why people in your profession overdose on greed. It holds value on paper alone and can be extinguished with the click of a button. Your greatest accomplishment has the lifespan of a fly. When you die you will have left nothing behind. You will have built nothing. You will have achieved nothing. Your existence is artificial. You might feel successful and important but at the end of it all, you might as well have spent 50 years gambling at a craps table in vegas.
If gambling at a craps table for 50 years feeds my family and creates better opportunities for my future generations, what's the problem lol? Fact is production can't survive without service and service can't survive without production. It goes hand in hand because once you have one without the other the system crumbles. I know it's cool these days to bash the finance industry, but most of the time it's consumer making dumb decisions that allow it.
 03-22-2013, 01:29 PMaway - #16
zhiggeman 1 heat pts

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Originally Posted by Eminence Grise
Without us, you'd still be building homes from scratch and saving up money to buy the things you want. Financiers made leverage possible which lead to the economic expansion of the past 150+ years.
 03-22-2013, 01:37 PMonline - #17
Itzike 

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Originally Posted by Apostrophe
True but his point is more valid than yours in the overall picture. Your life's work is hollow. True you make a ton of money but what you do is ultimately an endless repetition of meaningless meaningfulness that will leave you perpetually unfulfilled, hence why people in your profession overdose on greed. It holds value on paper alone and can be extinguished with the click of a button. Your greatest accomplishment has the lifespan of a fly. When you die you will have left nothing behind. You will have built nothing. You will have achieved nothing. Your existence is artificial. You might feel successful and important but at the end of it all, you might as well have spent 50 years gambling at a craps table in vegas.
Oh God!
 03-22-2013, 01:41 PMaway - #18
Jayg36 17 heat pts17

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Originally Posted by BlackRepub85
If gambling at a craps table for 50 years feeds my family and creates better opportunities for my future generations, what's the problem lol? Fact is production can't survive without service and service can't survive without production. It goes hand in hand because once you have one without the other the system crumbles. I know it's cool these days to bash the finance industry, but most of the time it's consumer making dumb decisions that allow it.
Wrong. The economy bases it's predictions on everyone making the right decision. Life doesn't always allow u to do that. Meaning if most people aren't making the best decisions, then the structure of the environment needs to facilitate that.

Imagine if everything in the world was created with the thought that one wrong move could destroy you


The financial industry deserves much more flak than it's received and I sincerely hope they get criminalized they way they should be. Many more lives are lost and destroyed due to money than a$sault rifles yet how many Libor headlines do u see? How many times was it brought up in the presidential debates?


The financial industry is evil in nature. The system itself admits that everyone can't win in it. So a system that's designed to have losers, DESTROYING COUNTLESS LIVES, is suppose to be celebrated?
 03-22-2013, 01:57 PMaway - #19
cashrules93 

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Dude said lookin at paperwork and laptops all week is "harder" than manual labor, mentally yeah but it aint more stressful. I spend all week on a roof haulin heavy !! up an angle that would have most people !!tin themselves. I don't just put up shingles either, I gotta get down in the trenches and lift and carry 100-125 lb trash cans for 2-3 hours after I just roofed basically half the house. I feel I'm underpaid at 22 an hour...but I get a great sense of satisfaction drivin around and seein a house I did plus it gets the girls little panties wet when they say "you go up there and you're not scared?".
 03-22-2013, 01:59 PMaway - #20
Apostrophe 

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Originally Posted by BlackRepub85
If gambling at a craps table for 50 years feeds my family and creates better opportunities for my future generations, what's the problem lol? Fact is production can't survive without service and service can't survive without production. It goes hand in hand because once you have one without the other the system crumbles. I know it's cool these days to bash the finance industry, but most of the time it's consumer making dumb decisions that allow it.
I'm not bashing the industry. I am speaking purely on a personal level. Your profession is the most visceral personification of culture industry. Yes your existence and job is vital to a capitalistic society, it will pay your bills and secure your children's future (provided your greed doesn't cannibalize the system before then), you work hard and likely put in 60+ hour weeks; that I am not disputing. I am simply saying that as a person you will always be left unfulfilled because your job has no end game. You simply jump from one scheme to the next, each giving you the illusion of personal success; each more or less the same as the last. People in your field work insane hours at the expense of spending time with their families, then like a gambler or a crack addict when you do get free time all you can think about is getting back to work and getting your next fix. You are the perfect representation of the culture industry, you produce no product, you in turn have become a product. That's all I was saying.
 
 


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