Choosing the right career field can save you from facing disappointment while job hunting. With cut-throat competition and scarce job opportunities in many industries, it is important to pick a career track that provides the chances of growth and is not contracting.
To help you make the right choice, here’s an outline of each of the top 5 career paths in the United States for 2020.
1. Healthcare
The Healthcare profession is ripe with growth potential. Jobs in this field never go out of style. Employment for medical professions is estimated to grow 14% from 2018–2028, adding about 1.9 million new jobs. This occupation is projected to increase the job count than any other occupational group in that time frame.
Healthcare jobs are both gratifying and lucrative, with an average annual income of $68,190.
2. Engineering Industry
The engineering industry at present is a reflection of the lack of math and science majors in universities. Corporations are having an increasingly tough time finding quality engineers.
Civil, project, structural, and environmental engineers expect job growth ranging from 24% to 31% over the next decade while industrial engineering alone is anticipated to show job growth of 10%. The median annual salary of an engineer is expected to be $76,000, with some engineers making up to more than six figures annually.
3. Technology Sector
Information technology is one of the fastest-growing fields in terms of anticipated job growth over the next decade, which ranks systems engineers among one of the highly sought after professionals at present. The average annual income of a systems engineer is $87,100, and this field is expected to flourish at a faster pace in the next 10 years.
4. Financial Services
If you are good with numbers, the financial services industry can prove to be a rewarding career path for you. The median annual salary for Certified Public Accountants (CPAs) is up to $74,200 and job growth in this sector is expecting to grow to 18% over a decade.
As more companies are working on their pension plans, employees will need advisors for their retirement planning. 41% of Job growth is anticipated for financial advisors over the next decade. On average, the financial advisors make $101,000 annually.
5. Consulting Jobs
Corporations are trying to find ways to cut down employee costs and outsourcing projects is one of the best means to do this. For this purpose, consultants are estimated to be in incredibly high demand. Companies do not have to offer benefits or bear the healthcare expenses for consultants.
Double-digit growth is expected in the consulting sector over the next 10 years. Healthcare and management consultants are anticipated to observe a job growth of 24%, making this one of the most profitable sectors for job seekers to get into.
Conclusion
Technology and business are under a continuous process of evolution. New careers path keep coming and going. It is important to opt for a career with increasing demand for the foreseeable future and to polish your skills over time.
The author works at ssznotes.com and can be contacted on [email protected]
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