What will be the best paying jobs in the future?
Every student dreams of finding a best paying job right after the studies. Remember the last year of your schooling? The only thing that used to run in mind was “Which subject”? What should I study further to find a suitable career? What are my options to land into the best paying jobs in the market? Every child seeks answers to these questions. Of course, they need information that can help them become future ready.
Technologist keeps working on bringing the new technologies to the world. No doubt, these solutions make human life easier, but they come with a cost. Moreover, technological automation has always taken people’s jobs. It is important to know the latest market trends and upgrade your skills to stay marketable.
Reports and Research’s
Devin Fidler, research director at “Institute for the Future” says “There are some overarching shifts poised to change the nature of work itself over the next decade”. Predicting the best paying jobs in future is impossible. But a conscious tap on shifts in trends is important. The importance increases especially when we are making decisions about our careers.
According to The future of jobs, a report published by World Economic Forum 7.1, a million people will lose their jobs by 2020. This will be because of the technological advancements. Most of these jobs will be white collar jobs in management and administration. Alarming?
Labor force projection 2020 published by the US Bureau of Labor Statistics, predicts that there will be an increment of 20.5 million jobs by 2020.
The reports say that personal and health care aides will accelerate at a pace of 70% growth. Does this mean that the next decade will be a decade of Healthcare domain?
The report anticipates only a few sectors growing more than 50% of the total in 2020. These sectors include healthcare, construction, business and professional services and social help. Accordingly, most of the best paying jobs will come from the mentioned sectors.
The research concludes top future careers in 2020
Companies have collected tons of data that needs to be analyzed. But, there is a huge crunch of people who can interpret and analyze data. These data scientists are the ones who dive into the pile of data and analyze it. As a result, they will bring up value to businesses and clients.
Today is the age of data and the future is all about information. Every company strives to know better about buyers and consumers. Consequently they need people to analyze the data that they collect over a period of time. Presumably, opportunities in data analysis will create top best paying jobs of the future.
People are no more keeping the mental health at a back seat to physical health. People have understood that their mental health is the key to their successful life. According to the Bureau of Labor Statistics (BLS), the demand for marriage and family therapists will grow by over 40% through 2020.
As the technology keeps evolving the need of skilled computer experts keeps growing. As a result, computer programming and web development have become a commodity item. Every network needs to become faster and secure. A career in web development and networking is going to be highly rewarding in the coming future.
Market Research Analyst/Marketing Specialist
New development needs a lot of research and innovation. As the world strives for better technological solutions, research and analysis are going to be in continued demand.
The U.S. Bureau of Labor Statistics predicts around 35% increase in the demand for veterinarians. Needless to say, desire and demand for pets are becoming impossible to meet. This rise in the demand for pets will increase the demand for veterinary services.
Healthcare and Medicine
More the population means more people needing personal and medical aids. Healthcare will remain a no-recession business for the future with increased career opportunities.
At one side, the natural resources are in a decline and at the same time, the population continues to increase. It becomes important to find methods to maximize the available limited natural resources. We need technology solutions to conserve energy and water conservation. We need to control pollution, improve agricultural yields, and reduce global warming. The demand for environmental scientists will continue to increase.
Finance and Investments
Globalization is enabling people to earn from various sources and from many locations. This makes money management complex than ever. As a result it increases the demand for CFO’s, tax auditors, and financial planners.
The world has seen a lot of financial crisis between 2008 and 2009. Due to the crisis, many students started seeking employment elsewhere. This brings a shortage of skilled professionals in this sector.
Managers are expected to be dynamic and with the ability to adapt and change quickly. Gone are the days when managerial skills were limited to basic finance and management in a single location.
Managers are now supposed to be latest with technology. They should be internet geek and well connected on social media. They should learn new communication methods and use it to benefit the organization. Professionals in business development, human resource, and event planning will be in huge demand.
The world has already seen the boom in the start-up world. Technology startups those will continue to innovate technology solutions will have an edge. This innovation will bring enormous growth to the startup world. Moreover, if they create services that solves customer problem, they will be profitable.
Traditional businesses such as used-car sales, beauty salons, pet grooming will also continue to rise. Their success will depend on their ability to provide cost effective services.
There are 20 million job that will get created by 2020. And another 30 million people will be retiring by then. As a result there will be almost 50 million jobs available by 2020. If you are a recruiter, recruiting in the above mentioned field and technology, you would also be in great demand. Read “Career in Recruiting” and understand the reasons to choose recruiting as your career.
I hope this information on the skill demand in the next few years will help parents. This will give more clarity on which career to choose to be future ready.
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