May 12, 2023 by Linda Samuel
The best paying jobs in diversified commercial services include financial analysts, marketing managers, project managers, financial advisers, and data scientists. There are several high paying jobs for professionals with the requisite skills in the diversified commercial services industry. More so, this industry has been experiencing massive growth over the years. For instance, between 2017 and 2022, the diversified commercial services industry had a growth rate of 9.5%.
What Do Diversified Commercial Services Jobs Pay?
According to data from the US Bureau of Labor Statistics, the average annual salary for the diversified commercial services sector is $69,260.
However, different segments in the diversified commercial services sector have different average wages. For instance, the medical sector has some of the highest-paying jobs. Doctors, pharmacists, and even nurse practitioners are in high demand, with annual salaries exceeding $100,000.
Roles like business development managers also earn high salaries with at least an average income of $50,000. These executives work in a variety of industries, including banking, investing, and healthcare.
15 Highest Paying Diversified Commercial Services with Good Salaries
The diversified commercial services sector has very lucrative salaries for professionals.
Here are the 15 highest-paying jobs in the diversified commercial services sector:
1. Financial Analyst
Average Annual Salary: $167,420
Financial analysts study financial data, generate reports to aid in decision-making and offer financial advice to firms. They may also create financial models for companies to use in forecasting future performance.
Due to their essential role in the diversified commercial services sector, they earn very high salaries.
Financial analysts usually have a bachelor’s degree in finance or accounting. Some employers might also require years of professional experience in addition to CFA Institute certifications. Financial analysts must be proficient in financial software and tools such as Excel and Bloomberg. They must also be conversant with industry regulations and compliance standards.
The Bureau of Labor Statistics forecasts a 5% increase in job growth for financial analysts. It will provide 511,300 job opportunities across the United States from 2021 to 2031.
2. Marketing Managers
Average Annual Salary: $107,000
Marketing managers are in charge of spearheading a corporation’s, business’s, service’s, or product’s marketing activities. They assess and forecast market demand, as well as develop and implement methods to pique clients’ interest.
Marketing managers are very important in the diversified commercial services sector. They are required for a corporation to launch a new diversified commercial service and thus earn very high salaries.
To qualify for this high paying job, you must have a bachelor’s degree in marketing or business. These professionals also possess great and excellent analytical and problem-solving abilities.
The job outlook for marketing managers is positive, with a growth rate of 10% over the next ten years. BLS projects it will produce 346,300 job opportunities across the United States from 2021 to 2031.
3. Project Managers
Average Annual Salary: $96,940
Numerous initiatives are undertaken in the broad area of commercial services. Project managers are in charge of ensuring that these projects are completed. They monitor their employees’ activity and, when necessary, provide support and make changes. Project managers are well-liked by both individuals and companies.
Project managers earn very high salaries due to how intricate their duties are. Project management is an excellent stepping stone to top management for anyone who is interested in leadership responsibilities.
Project managers usually hold a bachelor’s degree in project management or a related field. They also possess sufficient job experience in a related industry. Employers usually look out for professionals with CAPM certifications. Project managers must have risk management and assessment skills. They must also have team management and leadership skills.
The Bureau of Labor Statistics forecasts a 7% increase in job growth for project managers. It will provide 511,500 job opportunities across the United States from 2021 to 2031.
4. Financial Adviser
Average Annual Salary: $89,300
Financial advisers assist customers with money management by visiting with them in person to discuss their finances. They can assist customers in determining if they have sufficient retirement money. Or whether purchasing life insurance makes more sense.
Financial advisers earn very high salaries in the diversified commercial sector. This is especially true for professionals with a Master of Business Administration (MBA) or a Master of Science in Finance (MSF).
Financial advisers typically need a bachelor’s degree in finance, economics, accounting, or a related field. In addition to formal education, financial advisers need strong analytical and communication skills to be successful in their roles.
The job outlook for financial advisers is positive, with a growth rate of 4% over the next ten years. BLS projects it will produce 10,400 job opportunities across the United States from 2021 to 2031.
5. Data Scientist
Average Annual Salary: $102,000
Data scientists collect and analyze data that organizations or clients will utilize to make business decisions. Data scientists are responsible for determining if diversification is a smart notion in the context of varied commercial offerings.
Data scientists earn very high salaries because they obtain and present data in a very understandable manner.
Data scientists typically have a strong background in mathematics, statistics, and computer science. Data scientists employ problem-solving, pattern recognition, coding, and basic computer expertise to execute their tasks.
The Bureau of Labor Statistics forecasts a 33% increase in job growth for data scientists. It will provide 38,000 job opportunities across the United States from 2021 to 2031.
6. Customer Service Representative
Average Annual Salary: $54,710
Customer service professionals interact with consumers and clients to ensure they are satisfied with their company’s goods or services. They handle customer complaints and issues and process orders or returns.
Customer service representatives earn such high salaries because they are typically required in every type of organization.
Many customer service representative positions require at least a high school diploma or equivalent. Others may require an associate’s or bachelor’s degree in a related field. Customer service reps have a set of soft skills that includes empathy, communication, and critical thinking.
The job outlook for customer service representatives is positive, with a growth rate of 2% over the next ten years. BLS projects it will produce 36,500 job opportunities across the United States from 2021 to 2031.
