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30 Highest Paying Jobs Without a Degree in 2023

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In this article, we will look at the 30 highest-paying jobs without a degree in 2023. We have also discussed the latest trends in the employment and hiring landscape around the world. If you want to skip our detailed analysis, head straight to the 10 Highest Paying Jobs Without a Degree in 2023

In the aftermath of the Great Recession, the stringent requirement of a college degree for employment locked out nearly two-thirds of American workers from several opportunities, exacerbating socioeconomic disparities. This disproportionately affected Black and Latino workers, perpetuating inequality in the workforce. As of 2022, the unemployment rate for high school graduates stands at 4.5%, revealing a stark contrast with the 2.2% rate for those with a bachelor's degree.

However, recognizing the need for a more inclusive approach, companies are undergoing a transformative shift. Between 2017 and 2019, 46% of middle-skill and 31% of high-skill jobs witnessed a reduction in degree requirements, with key sectors such as finance, business management, engineering, and healthcare leading the change. Major players like International Business Machines Corp (NYSE:IBM), Accenture Plc (NYSE:ACN), Okta Inc (NASDAQ:OKTA), Dell Technologies Inc (NYSE:DELL), Bank of America Corp (NYSE:BAC), Alphabet Inc (NASDAQ:GOOG), and Delta Airlines Inc (NYSE:DAL) are spearheading this shift, dropping degree prerequisites to give importance to skills as the hiring criteria. This shift not only addresses labor shortages but also opens up an estimated 1.4 million jobs. 

According to Harvard Business Review, International Business Machines Corp (NYSE:IBM) transformed its hiring practices through the SkillsFirst initiative, recognizing that traditional degree requirements limited access to a diverse talent pool. In 2012, less than 10% of US based roles at International Business Machines Corp (NYSE:IBM) were open to non-degree holders. The company revamped job descriptions, prioritizing specific skills over general credentials. For instance, a cybersecurity posting shifted from requiring degrees to highlighting skills like hypothesis development and programming proficiency. Hence, in 2023, it is not wrong to say that 6 figure jobs without college degree are no longer a far-fetched dream but highly realistic. It is also worth noting that Payscale's college salary report found the major that pays the most in 2023 is petroleum engineering.

International Business Machines Corp (NYSE:IBM) also collaborated with educational institutions, offering internships to students from the P-TECH program, which grew from a single Brooklyn high school in 2011 to over 300 schools globally in 2022. By 2020, International Business Machines Corp (NYSE:IBM)’s apprenticeship program expanded to encompass more than 20 IT roles. The transformation allowed IBM to tap into a broader talent pool, filling vacancies, increasing diversity, and achieving higher retention rates for apprentices compared to direct college hires.