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Follow The Money: A Look At The Best Paying Government Jobs

Updated: 08/14/2021 by Financial Samurai 86 Comments

This article looks at the best paying government jobs. Government jobs may not pay as well as private sector jobs, but the benefits and pension are very attractive.

In fact, due to a collapse in interest rates in 2020, the value of a pension has gone way up! It takes a lot more capital to generate the same amount of risk-adjusted income. Therefore, government jobs are even more valuable than ever before due to those pensions.

Before I get into the best paying jobs, I’d like to share a couple ridiculous articles about the government that will make you appreciate government jobs more.

First Article About The Government

The first article talks about how the US Army fudged $6.8 trillion in accounting entries back in 2015 to balance its books. The Defense Department’s Inspector General said the Army lacked receipts and invoices to support those numbers or simply made them up. What?

“At first glance adjustments totaling trillions may seem impossible. The amounts dwarf the Defense Department’s entire budget. Making changes to one account also require making changes to multiple levels of sub-accounts, however. That created a domino effect where, essentially, falsifications kept falling down the line. In many instances this daisy-chain was repeated multiple times for the same accounting item,” Scot J. Paltrow writes.

While the government goes after regular folks who get their taxes wrong because there are so many rules, it turns a blind eye on $6.8 TRILLION in accounting errors? This seems like a huge double standard and an abdication of responsibility. An army spokesman later downplayed the significance of the improper charges, and said the real error in question is “only” about $62.4 billion. Come on now. $62.4 billion is still a massive amount of money that has vanished into thin air.

$62.4 billion a year in misappropriated funds can:

  • Create 1,248,000 new social worker jobs paying $50,000 a year
  • Create 624,000 new teaching jobs that pay $100,000 a year
  • Line the pockets of 62,400 corrupt officials by $1,000,000 a year
  • Really line the coffers of 1,000 contractors by $62,400,000 a year

“Nobody knows where the money is going,” said Franklin Spinney, a retired military analyst for the Pentagon and critic of Defense Department planning. But actually we do know where the money is going.

It’s going into the pockets of the top 0.1% government employees charged with handling the budget in the form of under the table money, salaries and bonuses and the pockets of companies that receive defense contracts.

Second Article About The Government

The second article talks about how San Francisco has an annual budget of $9.6 billion, more than 13 other States in America!

Reporter Heather Knight writes, “In 2010, the budget totaled $6.4 billion in a city with 805,000 people, meaning the city spent nearly $8,000 per capita. Six years later, the $9.6 billion budget is paying for services for 865,000 residents, or $11,100 per capita. Inflation explains a little of that increase, but certainly not all of it.” In other words, the city of San Francisco grew by 7.45%, but the budget ballooned by 50% in six years. That is out of control!

We know it’s much easier to vote to raise taxes on other people especially if you don’t have to pay more yourself. Illustrative of this is a SF law passed in 2011. As originally proposed, all SF residents would pitch 1-3% of their gross income in to raise $6.8B for public education.

The majority pushed back against this proposal and the legislation was changed to charge only those making $200,000 or more, ignoring entirely the fact that there are people making less than $200,000 who also have kids. As a result, only $2.5B was raised. But the majority is the majority, and in an election, the majority always wins.

Inefficient Government Spending

In San Francisco, if someone graffiti’s your garage door, you will get fined by the city if you don’t remove the graffiti at your own expense within a short window of time. Homeowners are responsible for maintaining all the trees on public property outside their house even if they didn’t plant them.

Further, if the public sidewalk outside your property is cracked, you must pay to fix it too. You would think with a $9.6 billion budget, the city would be responsible for maintaining its own property. Nope. Let’s not get started about the homeless situation and the poor public transportation system.

Finally, roughly 20,000 of San Francisco’s 39,000 employees make over $100,000 a year. Now that is impressive! So that’s where the $9.6 billion budget is mostly going annually.

Amazingly, in 2021, San Francisco has a budget of over $12 billion now. Got to love it!

The Best Paying Government Jobs

There’s an old saying, “If you can’t beat them, join them.”

Since nobody can properly oversee the government unless you want to be fined or thrown in jail, it’s a good idea for everybody to do three things if you want to get rich:

1) Identify the income threshold where the government starts going after you. Based on consistent political rhetoric and existing tax rules, this income figure is around $200,000. However, the income number may be adjusted higher or lower depending on your location’s cost of living.

2) The more you make over $200,000, the more you need to try to work less or question your life’s purpose. Ask yourself whether it’s really worth killing yourself at a job or a business that isn’t helping society just so you can earn more money. You can do much better donating your time and money to better causes than the government can.

For those of you who want to earn much more than $200,000 a year, I say give it a shot to get it out of your system. After you succeed, I suggest you take things down a notch. Over the long run, it’s really not worth it. Life is so much more enjoyable if you can actually enjoy it. See how a family of four and a family of three spend $200,000 a year. It’s a comfortable living.

3) Apply for various government jobs. Government has only gotten bigger over the years thanks to bigger budgets. Meanwhile, people depending on government welfare has continued to grow, especially after the coronavirus pandemic has put millions of Americans out of work and into the arms of enhanced unemployment benefits.

K-Shaped Economy

It’s a travesty that so many people in America are getting rich, while so many more people are getting poorer. If we have money and opportunity, it’s our duty to help those who do not have similar good fortune. By not teaching more people how to fish, the government stifles the aspirations of its citizenry. I really hope Financial Samurai can help more people achieve financial independence.

Welfare Spending
workforce-shrinks
Some say there are more people on Welfare (109M) than actually people working (105M).
Food Stamps Growth
welfare-spending-growth-projection - The Best Paying Government Jobs

What is going on folks? The system appears to be failing and the coronavirus pandemic has certainly increased the failing by the government to support its citizens.

I want to believe that the internet helps democratize access to information and enables people to make better decisions. Helping others achieve financial freedom is one of the key reasons why I’ve published 3X a week for free since 2009.

However, these growth rates are scary! How can a nation as rich as ours have such a large percentage of people who are financially suffering? We must do more to help those who have less.

The Best Government Jobs That Pay Well

Here are some of the best paying government jobs. Government jobs can provide high pay and stability. Unfortunately, just like in the private sector, the most lucrative jobs are also the hardest to get.

Top Five Highest Paying Jobs That Nobody Can Get

1. NCAA Football Coach: $1.75 Million

2. President of a Public College: $425,000

3. President of the United States: $400,000

4. Chief Justice of the United States: $258,000

5. Associate Justice of the U.S. Supreme Court: $248,000

The Highest Paying Jobs That Normal People Can Get

1) Astronomer – $116,072

2) Attorney – $114,240

3) Financial Manager – $101,022

4) General Engineer – $100,051

5) Economist – $94,098

6) Computer Scientist – $90,929

7) Chemist – $89,954

8) Criminal Investigator – $88,174

9) Microbiologist – $87,206

10) Architect – $85,690

11) Statistician – $81,524

12) Librarian – $78,665

13) Accountant – $78,030

14) Chaplain – $76,511

15) Ecologist – $76,511

16) Human Resources Manager – $76,503

17) Health and Safety Specialist – $73,003

18) Air Traffic Controller – $72,049

19) Budget Analyst – $71,267

20) Correctional Officer – $67,140

21) Nurse – $65,345

22) Technical Engineer – $63,951

23) Border Patrol Agent – $63,550

24) Medical Technician- $59,840

25) Customs Inspector – $59,248

Source: Govcentral.monster.com

The Highest Paying Government Agencies

Here are more best paying government jobs.

AgencyAverage Salary
 FARM CREDIT SYSTEM INSURANCE CORPORATION $171,827.30
 SECURITIES AND EXCHANGE COMMISSION $162,856.89
 FEDERAL HOUSING FINANCE AGENCY $154,969.54
 COMMODITY FUTURES TRADING COMMISSION $151,844.57
 ARCTIC RESEARCH COMMISSION$149,688.67
 NAT CTR FOR VET ANALYSIS AND STATISTICS $148,947.33
 COMMISSION TO ELIMINATE CHILD ABUSE $146,080.00
 MEDICARE PAYMENT ADVISORY COMMISSION$139,032.54
 NATIONAL COUNCIL ON DISABILITY $138,220.27
 MEDICAID & CHIP PAYMENT & ACCESS COMM $133,954.98
 AMES RESEARCH CENTER $133,735.20
 MARINE MAMMAL COMMISSION $133,129.63
 ARCHITECTL & TRANS BARRIER COMPLIANCE BD $131,564.17
 CIVILIAN BOARD OF CONTRACT APPEALS $130,440.43
 DEFENSE NUCLEAR FACILITIES SAFETY BOARD $130,317.34
 PRIVACY AND CIVIL LIBERTIES OVERSIGHT $129,676.57
 FEDERAL DEPOSIT INSURANCE CORPORATION$129,436.18
 FARM CREDIT ADMINISTRATION$128,692.38
 DOMESTIC NUCLEAR DETECTION OFFICE$128,329.48
 OFFICE OF NATIONAL DRUG CONTROL POLICY$128,077.82

Source: Fedsmith.com

If you want to apply to the myriad of US Federal government jobs, please check out USAjobs.gov.

Further, we learned that public transportation janitors and elevator technicians can make multiple six-figures if they work overtime.

Please don’t believe you can’t make six figures when plenty of government workers are.

Try Freelancing To Earn Income As Well

Although there are a great many well-paying government jobs, you might not want to be locked into The Borg for a couple decades before you can receive a miracle pension for life. Therefore, in order to get some of that honey money, being a government freelancer may be a better way to go.

Here are some positives for being a freelancer:

Pay – Freelancer almost always earns more than a full-time government employee. The downside is usually no benefits.

Relatively easier to get  – It’s not easy getting a government job. For example, only about 3% pass the Foreign Service entrance exam. By contrast, contracting companies may be less restrictive with their selection process.

Double or triple dip – Freelancer is great because you can earn money in multiple ways without restriction. For example, I can simultaneously earn money running Financial Samurai, consulting with a fintech company, teaching tennis, driving a car, and contracting with the government. If you work FT for the government, however, your outside earning avenues may be restricted.

If you want to have the benefits of being a freelancer and a full-time employee, perhaps consider working full-time at a government contractor like Lockheed Martin, Northrup Grumman, and SAIC.

Related: How To Be A Rockstar Freelancer

Focus On Big Trends To Get Rich

If you want to get rich, not only should you try and land yourself one of the best paying government jobs that pays a nice pension. You should also focus on big long-term trends to get rich.

For example, In 1999, I joined the Asian equities department of an investment bank because it seemed obvious the Asian region would experience explosive growth over the coming decades. In 1997 I had been an exchange student for six months in Beijing, Shanghai, and Chengdu and seen the potential. It was a good ride until everything went to hell 10 years later due to the US housing crisis.

In 2009, I started Financial Samurai partly because i believed the internet would continue to grow by leaps and bounds. It was evident back in 1999 as well, but I didn’t know anything about websites and just needed to get a damn job to prove I hadn’t wasted four years of my life in college.

In addition to mobile, virtual reality, self-driving cars, and the internet of things, big government is one of the strongest trends for the remainder of our lifetimes.

Demographic Shifts In The Future

In 2020, I think it’s evident there will be a large demographic shift towards lower cost areas of the country thanks to the global pandemic and the rise of working from home.

First, there will be an increased demand in your city for single family homes in less densely populated areas within or near your city. If you no longer have to commute 5X a week, the need to be near work no longer matters.

Second, 18-hour cities will benefit from long-term migration trends from citizens who just don’t want to be in 24-hour cities anymore. As a result, I’m investing in the heartland and in 18-hour cities through real estate crowdfunding.

Platforms such as Fundrise and CrowdStreet are my two favorite to sign up and explore for free. I’ve personally invested $810,000 in real estate crowdfunding to diversify and earn more income passively.

If You’re Leaving A Job

Best paying government jobs are everywhere. Please negotiate a severance instead of quitting if you want to find a government job.

If you negotiate a severance like I did back in 2012, you not only get a severance check, but potentially subsidized healthcare, deferred compensation, and worker training. Since you got laid off, you’re also eligible for up to 27 weeks of unemployment benefits. Having a financial runway is huge during your transition period.

Conversely, if you quit your job you get nothing. Check out, How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye, on how to negotiate a severance.

I first published the book in 2012 and have since expanded it to over 200 pages thanks to tremendous reader feedback and successful case studies. It was recently updated with new case studies, resources, and more. Check it out today.

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Filed Under: Big Government, Career & Employment

Author Bio: I started Financial Samurai in 2009 to help people achieve financial freedom sooner. Financial Samurai is now one of the largest independently run personal finance sites with about one million visitors a month.

I spent 13 years working at Goldman Sachs and Credit Suisse. In 1999, I earned my BA from William & Mary and in 2006, I received my MBA from UC Berkeley.

In 2012, I left banking after negotiating a severance package worth over five years of living expenses. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing.

Order a hardcopy of my new WSJ bestselling book, Buy This, Not That: How To Spend Your Way To Wealth And Freedom. Not only will you build more wealth by reading my book, you’ll also make better choices when faced with some of life’s biggest decisions.

Current Recommendations:

1) Check out Fundrise, my favorite real estate investing platform. I’ve personally invested $810,000 in private real estate to take advantage of lower valuations and higher cap rates in the Sunbelt. Roughly $160,000 of my annual passive income comes from real estate. And passive income is the key to being free.

2) If you have debt and/or children, life insurance is a must. PolicyGenius is the easiest way to find affordable life insurance in minutes. My wife was able to double her life insurance coverage for less with PolicyGenius. I also just got a new affordable 20-year term policy with them.

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Comments

  1. raluca says

    September 5, 2016 at 7:29 am

    I think that the reason more people are on benefits IS because the country is more advanced. As technology gets more and more advanced, it needs fewer and fewer people to work. We, however, are making more and more robots AND more and more humans.
    As soon as we’ll have inteligent cars enter mass market, we’ll really begin to both the upsides and the downsides of technology, as a huge amount of jobs are in the transportation business and all of those jobs will be in peril.

    Reply
  2. Millennial Moola says

    August 31, 2016 at 5:04 pm

    Sam watch War Dogs. It’ll make your head spin. I had no idea about the method of assigning government weapons contracts until I saw that movie. I think public pensions will be the first big domino to fall, followed by Medicare, then Social Security

    Reply
  3. m says

    August 29, 2016 at 1:27 pm

    ken, the answer is yes, of course you do. m

    Reply
    • Ken says

      August 29, 2016 at 1:28 pm

      Yup, that is what I figured. Thanks for your help.

      Reply
  4. m says

    August 29, 2016 at 9:36 am

    Florida is a much cheaper place to live than DC metro.

    Reply
  5. m says

    August 29, 2016 at 9:35 am

    F.S., the best government job is the one I have! I serve as a Patent Examiner for the Patent and Trademark Office. In addition to my federal employment comprising six figures, benefits, matching TSP, etc., I can live anywhere in the contiguous US (plus Puerto Rico) without any change to my income (e.g. locality pay). There’s overtime and bonuses as well (due to backlogs of applications) and the job is challenging! I chose to live in Florida as opposed to DC metro. one day, I will follow your lead/lifestyle and maybe even get an FS consultation!! cheers :), m

    Reply
    • Ken says

      August 29, 2016 at 11:03 am

      Is it an online job, or do you go into an office 8-5?

      Reply
      • m says

        August 29, 2016 at 11:43 am

        the job is a work-at-home function (aka “hoteling”) requiring high speed internet in order to connect to the office VPN. you are expected to be actively working during established work hours. and, it is a production-based job, requiring you to complete a certain amount of work, all of which has a required deadline. of note, the function requires putting in 2 years at the office in Alexandria, VA but once you earn your wings, you may choose to hotel or work from home. the agency will also pay for advanced courses, such as, law school.

        Reply
        • Ken says

          August 29, 2016 at 12:18 pm

          Interesting. Is there any way to get more information about these positions?

          Reply
          • m says

            August 29, 2016 at 12:56 pm

            sure. usajobs.gov and insert “patent examiner” as a keyword. looks like right now there are examiner jobs for mechanical, electrical and computer engineers. Alexandria, va is the main office but there are 4 other regional offices in dallas, Detroit, silicon valley and Denver. may you get a job in lower cost of living area. Living in DC-metro murdered my income!

            Reply
            • Ken says

              August 29, 2016 at 1:16 pm

              Hmm, I’m in the Denver area right now… Do I need any kind of background related to those fields to get hired or do my job?

              Reply
  6. Sam Gamgee says

    August 29, 2016 at 7:00 am

    Well, here is the hard data on the obscene salaries of SF public service workers:

    Reply
  7. Liam McDaid says

    August 28, 2016 at 7:52 pm

    Sam,

    Speaking as an astronomer, I’d like to point out that the salary you’ve given for my profession is well above the median (if it’s a national figure). Also, it is a field that it is very difficult to get a job in. Most astronomy PhDs don’t work as astronomers. The skills we have, however, are quite useful in many fields.

    Reply
    • Financial Samurai says

      August 28, 2016 at 8:38 pm

      Thanks for sharing Liam. Are you up for sharing your years of experience and salary range? Do you work in the government or in the private sector?

      Reply
      • Liam says

        August 30, 2016 at 10:38 pm

        Sam,

        I’m just a humble Cali state employee. I’ve been in education for over twenty years and have seen my salary range from low five figures (< $30,000/yr) to low six figures. A large advantage is I have a pension, if it's still there in twenty years. I have been other things as well and there's no doubt in my mind that a technical background gives you flexibility. I was once offered a job teaching English on the spot in Southern China while I was traveling, mainly based on my technical background.

        For people who actually do astronomy (research, i.e. The Blessed Few) or even teach, salaries vary wildly. Full professors at most unis make six figures (maybe $300,000/yr at the high end), but aside from private colleges/unis, aren't they all gov't employees? Researchers are usually dependent on grant money, which is largely from NSF, NASA or even DoD. So most astronomers have a gov't connection to their pay. There are also many who are less than Full Profs, however, and they may not make much above $60,000/yr and many others work as contingent labor in part-time pools in the higher ed of our country. Others who may get decent pay have what we call "soft money," which is attached to time-limited grants and can lead to being on a brutal treadmill to keep the money coming.

        BTW, love the blog and it's my first time commenting. But then you were talking about my profession :) I have been teaching my wife, who's a neophyte investor, your mantra: "Over time, the graph goes up and to the right." I'm surprised how few of my colleagues don't understand retirement investing in spite of many having PhDs. I was at a presentation about a 403b plan (we don't get matching, sadly), and pointed out that the presenter's growth estimate (of 8%/yr) was too optimistic. The only faculty who followed this up with me were all from the Business department! Everyone else seemed to take the projections at face value.

        One thing I like about how you present things here on FS is that you remind me of how fun investing can be. Maybe if the schools approached it from that point of view, more would take it up from a young age – if they taught financial literacy at all.

        Reply
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