Being a chef is one of the most lucrative jobs out there. The US Bureau of Labor Statistics (BLS) stated that chefs have a mean annual wage of $46,600 as of May 2011. However, the top 10% earned a whopping $74,060 or even more.
Of course the salary you get paid depends on various factors such as your experience and the level of specialized education you have. It also depends on where you work and where the hotel or institution is located. The more posh and luxurious the institution, the greater the salary you’ll be paid. It also depends on the description of your job. As of June 2012, an executive chef who is in charge of a kitchen could earn a median salary amounting to $67,995 while the post of a sous chef had a median salary of around $42,501.
What a Chef Needs
Even if you start from a low level, there is nothing keeping you from heading all the way to the top and earning big. All you need is:
* Imagination
* An eye for detail
* The ability to work in a team and to the resources and deadlines of the workplace, and
* A hardworking nature
At the beginning of their careers, trained chefs may sometimes find jobs in lower-ranked kitchens as cooking assistants or line cooks. In 2012, these provided median salaries of around $25,076 and $21,874 respectively. These figures are what restaurant cooks get paid on an average as well.
That’s the difference between a cook and a chef. Cooks need to take care of daily food preparation and that’s it. Chefs have a greater responsibility of supervising cooks and other members of the kitchen while also examining the menu and refreshing it periodically. However, as mentioned earlier, many chefs begin their careers as cooks. It gives them the grassroots level experience and insight which would later help them become more efficient chefs who understand the challenges of the cooks in their team better.
Private and Personal Chefs
Not all chefs work in restaurants and hotels alone -- some work for rich and influential households. These are private chefs. Personal chefs are somewhat similar except that they end up working for multiple clients in one month or even one week. The BLS states that these chefs earn a mean annual wage amounting to $31,080 while the top 10% could earn around $45,120 or more.
Peter Theodorou has had diverse experiences as a chef. He’s worked in many of the settings that chefs find themselves at the start of their career. But his skills for experimentation and receptiveness to culinary trends from all over the globe have helped him progress quickly through the ranks and become one of the highest paid chefs in the world.



