Jobs in the difficult time
According to a recent U.S Government forecast, salaries for business professionals appear to be in steady decline around the world. With more than a 10% drop, business salaries are at the lowest level since the beginning of 2008. Many governments predict that the current global crisis that started in 2008 will last until the end of 2010 in the U.S but may last longer in Europe depending on how the European common market deals with the situations in Greece, Spain and Portugal.
Doug Frank, a hiring managers wrote in the Wall Street Journal:”It appears that the demand for business workers, especially in finance, banking continues to decline in the next several years due to high unemployment in this sectors. We believe that we will continue to see less job opportunity as the state of the economy leads companies to tighten budgets and delays spending. It is extremely to predict exactly when this downturn may end. Even the U.S economy has improved a little bit but with several millions experienced but unemployed people looking for works, there is no chance for recent business graduates to compete for works. As the economy events in Greece, Spain and Portugal are unfolding, I do not think European job market would be anything better”.
As students entering college, you need to think carefully about what field that you want to study, what areas that you select, and what career that you choose because it may impact your future prospective. According to the U.S Labor Department, the top growing occupations in the next ten years are related to computers, healthcare and medical professionals. The information age society already put a huge demand on jobs related to information technology and there will be more job openings as technology expands to other areas. With a growing number of technology gadgets such as TV, video cameras, mobile phones, radio-frequency identification chips (RFID) and sensors, more jobs will be created. Society is entering a time where every object, every place, is surrounded by digital information. Massive amounts of data will be streaming in every direction, and the only way people can take advantage of the massive information is to access and managing it using more technology gadgets. Competitive innovation will produce more jobs so software engineering and computer related fields are listed as top choices in the “Hot jobs” category.
As more people retire in developed countries, they will need more medical supports. Health-care professionals, like doctors and nurses will be in high demand. Health-care careers are the most secured careers and probably have the highest salaries among all hot jobs. Medical doctors, Registered nurses, Home health aides, medical assistants and physician assistants are the top five hot jobs in the next ten years.
With globalization, competition for jobs will be fierce and almost every job will require a college degree. If you don't have a degree, the prospect does not look good. According to The National Center for Higher Education Systems, people who has an associate's degree will make about $10,000 more each year than people who only has a high school diploma. People who have a bachelor degree will make about $22,000 more each year than people with an associated degree. Getting a college degree also brings with it a sense of job security because industry data show that the more education you have, the less likely you are to be laid-off and the more opportunities you will have to increase your income. As jobs become harder to find, more students are finding that they do not have the necessary skills to compete, and they are going back to school to get the education they need. The problem is figuring out which careers to turn to. The list below are careers that are considered having high demand in the next several years:
1) Network Security Specialist;
2) Healthcare Workers;
3) Software Engineer;
4) Information Systems Manager;
5) Registered Nurse;
6) Medical Doctor;
7) Software Project Manager;
8) Web developer
9) Medical Assistant & License Practice Nurse;
Sources
- Blogs of Prof. John Vu, Carnegie Mellon University
