Rhode Island’s Highest Paid Hourly Jobs

Stephen Beale, GoLocalProv News Contributor

Rhode Island’s Highest Paid Hourly Jobs

Rhode Island’s highest paying jobs earn between $51 to $89 an hour and as much as $185,330 annually, as of May 2014, according to the most recently available U.S. Bureau of Statistics Labor data for the state.

Topping the list are doctors who are general and family practitioners who had a median hourly wage of $89.10 and median annual salaries of $185,330. The median figures represent the middle of a range for the occupation. Second highest are judges and magistrates at a typical hourly wage of $87.67 and annual salaries of $182,360. Third are dentists, at $83.05 an hour and $172,750 a year.

See below slides for the top 30 highest paying jobs ranked by hourly wages.

In Rhode Island, the healthcare industry accounts for a third of the top 30 occupations. They include psychiatrists, surgeons, pediatricians, gynecologists, pharmacists, and physician assistants. Most of those positions are clustered right around the top of the list.

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Tech-related occupations account for four other top jobs. They are: computer and information systems managers, non-computer electronics engineers, computer network architects, and computer and information research scientists.

Across industries, the highest-paying occupation is manager. A little over a third of positions are management-related in such disparate industries and professions as natural science, construction, compensation and benefits, and public relations.

Data key to job seekers and head hunters

Ed Mazze, business professor at the University of Rhode Island, said the data is useful to a range of individuals. “The salary data published by the BLS by state is important to job seekers, job holders, hiring organizations, recruiters, career advisors, government policy makers, and others. Almost every company uses salary surveys of one type or the other to look at prevailing wages in their industry and by occupations,” Mazze said.

“BLS data is used to answer questions regarding current and future job trends in various occupations, to help organizations set salaries and for an individual to determine whether he/she is fairly paid,” Mazze added.

The data are limited, he noted. They don’t list the education requirements for the occupation, the type of employer of the occupations, years of experience, or location. Although educational background is listed, most top positions appear to require advanced degrees.

The information is particularly helpful to students and job seekers who seek to determine how much of a return on their investment—the cost of getting those advanced degrees—they can expect to receive when deciding to go into one profession over another.

Importance of healthcare industry

On a macro level, the data offer an important snapshot of the state’s economy, according to Mazze. “Policy makers use BLS data for pointing out minimum wages in various occupations and in identifying occupations beneficial to a state’s economy in an ideal economic world,” he said.

One industry stands out in the top 30 list: healthcare, which is represented by 10 different occupations, ranging from optometrist to physician assistant.

Steven DeToy, a spokesman for the Rhode Island Medical Society, said the jobs data reflect the importance of the healthcare industry to the state economy, as a source of high-income occupations.  “Healthcare is a pretty important part of the Rhode Island economy,” De Toy said.

He drew a contrast with hospitality and tourism, also critical to the Ocean State’s economy, but with fewer high-income jobs. Tour guides, for instance, typically earn $11.65 an hour, according to the data. Chefs and head cooks fetch about $23.90 an hour. Food service managers register at $33.50.

The lowest paid occupation on the top 30 list, on the other hand, physician assistants, earn $52.35 an hour—and they are above lawyers, computer network architects, and many types of managers.

Physicians alone produced $4.8 billion in total annual sales, according to a 2012 survey from the American Medical Society cited by DeToy. They also accounted for $2.8 billion in total wages and benefits and $196 million in state and local taxes for Rhode Island, according to DeToy.

Those high-paying jobs also generate jobs for others. In fact, physicians support on average 10.4 jobs. In terms of actual numbers, there were 14,000 people occupied as physicians. They employed or supported jobs for another 17,000 non-physicians, according to DeToy.

Judge pay above national norm

Occupations in the legal profession are at the top and the bottom of the list. They are, respectively, judges and lawyers. The pay for judges—typically $87.67 an hour—puts Rhode Island well above the national norm, which is $55.36 an hour.

Michael Yelnosky, the dean and a professor at the Roger Williams University School of Law suggested that most of the difference is attributable to the higher cost of living in the region, relative to the rest of the country.

“Based on the data with which I am most familiar, the annual salary of Rhode Island judges is above the national average but below the annual salaries of judges in CT and MA.  And adjusted for cost of living, the annual salaries of judges in RI, CT, and MA are below the national average,” Yelnosky said. (He cited this study from the National Center for State Courts.)

The Bureau of Labor Statistics data, however, suggests that at least some types of judges in Rhode Island are still above some of their regional peers. For example, judges and magistrates in Connecticut earn $77.10 an hour, about $10 below their counterparts in the same occupation in Rhode Island. (Data for that specific occupation was not available for Massachusetts.)

How does Rhode Island compare?

Overall, the make-up of the top-paying occupations in Connecticut and Massachusetts mirrors Rhode Island—healthcare-related professions dominate the list, as do managerial positions across various industries for both states.

In Massachusetts the highest-paid are psychiatrists, at $84.21 an hour, less than the top position in Rhode Island. In Connecticut, on the other hand, the top-earning occupation is obstetricians and gynecologists, at $89.88, a few dollars above the Ocean State.

Outside of New England, the general pattern still holds, but some of the jobs at the top of the list reflect the differing economic strengths of other states. For example, in Texas, petroleum engineers, geoscientists, and mining and geological engineers are among the highest-paid occupations in that state.


RI's Top 30 Highest Paid Jobs by the Hour

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