The 15 best careers for self-employment

AJR_photo / Shutterstock.com

Editor’s Note: This story originally appeared on HireAHelper.

Self-employment is proving to be an increasingly popular choice for many workers.

Self-employment often offers more of the qualities workers desire, such as greater flexibility in time or location, and less of those they don’t have, such as feelings of disrespect or lack of advancement opportunities.

As a result, the number of self-employed has grown over the past two and a half years.

Self-employment also has the potential to increase workers’ incomes. The median income of workers who have been self-employed in their own incorporated business in the past 12 months exceeds the income of any other category of workers except federal employees.

However, career prospects and earning potential vary by industry, so some workers will find self-employment conditions more favorable than others.

Here are the best careers for self employment.

15. Meeting, Convention and Event Planner

The 15 best careers for self-employmentMonkey Business Images / Shutterstock.comComposite Score: 62.2 Average Annual Salary: $49,470 Projected Job Growth: +17.8% Unemployment Rate: 9.7% Typical Education Required to Get Started: Bachelor’s degree

14. Electrician

Electrician conducts a home inspectionETAP / Shutterstock.comComposite Score: 62.8 Median Annual Salary: $60,040 Projected Job Growth: +7.1% Unemployment Rate: 6.4% Typical Education Required to Entry: High school diploma or equivalent

13. Supervisors of construction trades and quarry workers

construction workerCat Box / Shutterstock.comComposite Score: 63.1 Average Annual Wage: $72,010 Projected Job Growth: +4.1% Unemployment Rate: 3.7% Typical Education Required to Entry: High school diploma or equivalent

12. Private detectives and investigators

detective or private investigatorNew Africa / Shutterstock.comComposite Score: 64.0 Average Annual Wage: $59,380 Projected Job Growth: +5.6% Unemployment Rate: 4.0% Typical Education Required to Entry: High school diploma or equivalent

11. Insurance Agent

A couple writes a will with a lawyerDmytro Zinkevych / Shutterstock.comComposite Score: 64.3 Average Annual Wage: $49,840 Projected Job Growth: +6.3% Unemployment Rate: 3.2% Typical Education Required to Entry: High school diploma or equivalent

10. Travel Agencies

Travel agencywavebreakmedia / Shutterstock.comComposite Score: 64.9 Average Annual Wage: $43,810 Projected Job Growth: +19.7% Unemployment Rate: 4.4% Typical Education Required to Entry: High school diploma or equivalent

9. Food Service Manager

Worker at the bakery counter.Phonlamai Photo / Shutterstock.comComposite Score: 66.8 Average Annual Wage: $59,440 Projected Job Growth: +9.8% Unemployment Rate: 5.9% Typical Education Required to Entry: High school diploma or equivalent

8. Producers and Directors

Film set - director, cameraman and actors working on cinema, wide angleStudio 72 / Shutterstock.comComposite Score: 69.9 Average Annual Salary: $79,000 Projected Job Growth: +7.7% Unemployment Rate: 5.0% Typical Education Required to Get Started: Bachelor’s degree

7. Accommodation Manager

hotelESB Professional / Shutterstock.comComposite Score: 70.2 Average Annual Salary: $59,430 Projected Job Growth: +18.0% Unemployment Rate: 8.4% Typical Education Required to Entry: High school diploma or equivalent

6. Interpreters and translators

typistMDV Edwards / Shutterstock.comComposite Score: 74.2 Average Annual Wage: $49,110 Projected Job Growth: +20.2% Unemployment Rate: 4.8% Typical Education Required to Entry: Bachelor’s degree

5. Site manager

construction managerCineberg / Shutterstock.comComposite Score: 77.6 Average Annual Wage: $98,890 Projected Job Growth: +7.6% Unemployment Rate: 3.4% Typical Education Required to Get Started: Bachelor’s degree

4. Marketing Manager

Marketing ManagerPixel-Shot / Shutterstock.comComposite Score: 78.2 Average Annual Salary: $135,030 Projected Job Growth: +9.9% Unemployment Rate: 5.0% Typical Education Required to Get Started: Bachelor’s degree

3. Management Analysts

Sales manager with stafffizkes / Shutterstock.comComposite Score: 81.5 Average Annual Salary: $93,000 Projected Job Growth: +11.4% Unemployment Rate: 3.4% Typical Education Required to Get Started: Bachelor’s degree

2. Personal Financial Advisor

Elderly couple with financial plannerEdBockStock / Shutterstock.comComposite Score: 85.5 Average Annual Salary: $94,170 Projected Job Growth: +15.4% Unemployment Rate: 3.2% Typical Education Required to Get Started: Bachelor’s degree

1. Managers of medical and health services

Healthcare doctor remote workerJosep Suria / Shutterstock.comComposite Score: 97.2 Average Annual Wage: $101,340 Projected Job Growth: +28.3% Unemployment Rate: 1.8% Typical Education Required to Get Started: Bachelor’s degree

Detailed results and methodology

Man using too much data on his phone, tablet and laptopBacho / Shutterstock.com

The data used in this analysis comes from the 2021 US Bureau of Labor Statistics Employment and Payroll Statistics and the US Census Bureau’s Annual Social and Economic Supplement of the Current Population Survey.

To determine the best occupations for self-employment, HireAHelper researchers calculated a composite score based on the median annual wage in 2021, projected job growth from 2021 to 2031, and the median unemployment rate for 2020 and 2021.

In the event of a tie, the occupation with the higher median annual wage was ranked higher. Only occupations with at least 30,000 employees in the US and a self-employment rate above the national average were included in this analysis.