High-Paying Trades
The trades that make the most money depend on the economy, region, industry, and skills. However, electricians, plumbers, HVAC technicians, engineers, IT professionals, analysts, construction workers, real estate agents, and pilots likely make more money. Their specialized knowledge and sought-after skills lead to higher pay. The ever-changing IT industry also pays very well.
Successful traders build wealth over time starting small and growing their portfolios. Proper risk management is key to success. Mastering take-profit and stop-loss tools significantly improves a trader’s chances.
According to the Bureau of Labor Statistics, the median wage for trade jobs is $50,590 per year. Many HVAC techs travel and work on-site installing, repairing, or servicing schools, homes, factories, and offices. Most HVAC technicians now graduate from trade school, often with apprenticeships.
Manufacturing demand makes it one of the most in-demand trades. The top 15 highest paying 2021 trade jobs are:
- HVAC technician
- Elevator mechanic
- Electrician
- Plumber
- Aircraft mechanic
- Lineman
- Boilermaker
- Pipefitter
- Diesel mechanic
- Sheet metal worker
- Iron worker
- Millwright
- Refrigeration mechanic
- Welder
- Construction manager
In-Demand Trades
What trade is most in demand? Electricians, welders, plumbers, home inspectors, aircraft mechanics, and HVAC technicians are in high demand. Solar energy systems installers, respiratory therapists, ultrasound technologists, aircraft technicians, and construction managers are seeing the highest growth rate from 2020 to 2030.
In-demand manufacturing careers include:
- Machine operators
- CNC programmers
- Mechatronics technicians
- Quality managers
Most manufacturing careers require a postsecondary certificate and/or hands-on training to get started. Opportunities increase with a college degree.
On average, construction managers, electricians, and welders earn over $100,000 per year. You can place yourself on the path to six figures with two years or less of advanced education.
Finished automobiles are the top traded good worldwide with $1.35 trillion traded each year. Coffee is the second most traded commodity.
Lineman college is usually less than two years. While protecting profits is essential, traders should limit losses by having stop levels in place.
In-demand UK trades are plumbing/heating engineers, painters/decorators due to housing crisis and skills shortage after Covid-19. Employers want candidates with construction site experience and analytical, mechanical, problem-solving skills.