In this article, we will look at the 5 most overpaid jobs in the world. We have also analyzed the entertainment industry along with its key players in another article. If you are interested in reading about that and a more extensive list, head straight to the 20 Most Overpaid Jobs in the World.
5. Air Traffic Controllers
IM Score: 26
Air traffic controllers’ salaries are often higher than average salaries, which can lead to misconceptions. Moreover, technological advancements have automated some aspects of their work and potentially reduced their roles’ perceived value. According to BLS, the average salary of an air traffic controller in the US is $130,840. It is one of the high paying trade and vocational jobs in 2023.
4. Home Inspectors
IM Score: 27
Some people view their fees as high for what appears to be a relatively quick assessment. Moreover, in cases where inspectors miss important issues, it can erode confidence in their expertise. Additionally, the growing availability of DIY resources and online information may lead some to question the necessity of their services. It is one of the part-time retirement jobs that pay well. It is one of the overhyped jobs in America.
3. Mortgage Loan Officers
IM Score: 28
The perception that mortgage loan officers are overpaid and overvalued may arise from the fees they earn during the mortgage application process. Some argue that these commissions are high for what seems like paperwork and standard financial assessments. Moreover, the availability of online mortgage comparison tools might lead people to question the need for their services. It is also one of the most boring jobs that pay $100,000 or more.
2. Reality TV Stars
IM Score: 29
Many reality TV shows feature individuals who quickly gain fame and fortune, often without much talent or skill. Their sudden wealth and celebrity status can be seen as disproportionate to their contributions to society.
Moreover, reality TV stars are often criticized for needing more substance in their content. People argue their fame is based on sensationalism and drama rather than meaningful accomplishments. For example, the Kardashians, known for their reality show, have faced criticism for capitalizing on drama. Additionally, some reality TV stars’ income can be surprisingly high compared to professions that contribute more directly to society, like teachers or healthcare workers.
1. Social Media Influencers
IM Score: 30
The rapid rise of influencers has led to inflated prices for sponsored content, with some receiving exorbitant sums for promoting products or services. This perception is fueled by the belief that their work doesn’t require the same expertise as traditional celebrities or professionals. Moreover, the value of influencers can be subjective, as not all partnerships yield a tangible return on investment. Brands might pay hefty amounts to influencers with large followings, but the impact on their sales or brand image may only sometimes be proportionate. It is the most overpaid job in the world.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 25 Best Work from Home Jobs for 2023 and 25 Best Summer Jobs for College Students.
