Want to feel good about how much money you make? Go into product management, engineering or real estate, where workers are more likely to say they feel well compensated for their work.
That’s according to LinkedIn’s Workforce Confidence Index, which surveyed more than 32,000 American workers from June through September.
About 60% of workers in each of these fields say they feel well paid for their work, compared to an average of 49% of American workers who say they are satisfied with their ability to earn a living.
It makes sense – tech roles are among the most in-demand and highest-paying jobs, and real estate professionals have some control over their earnings through the ads they accept, as well as commission increases. .
The careers where workers feel most satisfied with their pay, as well as the proportion of people who feel well paid, include:
- Product management: 62%
- Engineering: 60%
- Real estate: 59%
- Program and project management: 58%
- Advice: 57%
- Human resources: 56%
- Finance: 56%
- Purchases: 55%
- Information Technology: 54%
- Legal: 54%
- Business development: 54%
- Marketing: 53%
- Accounting: 52%
Meanwhile, public sector jobs, which often have fewer resources and more regulated pay scales, aren’t as happy with their pay.
Careers where people are least satisfied with their pay include:
- Educators: 39%
- Entrepreneurs: 41%
- Social service workers: 43%
Interestingly, some of the happiest workers with their pay also feel more able to ask for a raise soon. Some 39% of product managers and marketers say they plan to ask their boss for a raise in the coming months, compared to just 29% of the overall U.S. workforce.
It comes down to workers knowing they can leverage their in-demand skills to negotiate competitive salaries, says Taylor Borden, editor of LinkedIn.
High-paying marketing and engineering workers also report positive feelings about pay transparency and believe it can lead to greater pay equality, Borden says, “indicating they’re more comfortable talking money to start”.
Meanwhile, many workers who feel underpaid are also the least likely to negotiate a raise out of concern for job security. “Faced with high inflation and potential economic uncertainty, some workers just don’t feel like they can rock the boat,” Borden said.
And even those who get raises say it’s not enough: Half of workers who got a raise or a better-paying job say their earnings haven’t kept up with inflation, according to the September survey of Bankrate salary increases.
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