7 Hot Careers for College Grads
We are in an era where college students are graduating with respectable degrees and still unable to find a job in their prospective fields. In 2010, only 27 percent of college grads were able to start a career that was closely related to their major. Only 62 percent of U.S. college graduates have a job/career that requires a college degree.
College students are consistently paying increased tuition for a degree that does not have the capability to hold up its end of the bargain; which is to ensure a healthy career and stable salary. With increasing loan rates “valueless degrees” are no longer a luxury college students can afford to invest in.
After asking yourself what career might make you happy? The next questions have to be: What is the current statistics of that career? What is that careers expected growth rate relative to your graduation date? Follow your heart and desires but educate yourself in regards to that decision, as it will undoubtedly have a life long affect.
The idea that a college degree all but guarantees a well-paying job is one of the past. A degree alone no longer offers that type of security due to the long-term economic changes and the lingering effects of the Great Recession.
The earning power of college graduates has fallen about 13% in the last decade, according to Drexel University economist Paul Harrington. This staggering fact leaves us asking…Where are the high paying jobs? Which jobs offer some form of security? These “7 Hot Careers for College grads” will offer you a strong starting base.
Degree #1 – Software Developers (Applications and Systems)
A report from the Software & Information Industry Association (SIIA) found that small and mid-sized software companies are expecting strong job creation as a result of strong revenue growth rates. Many software developers work for computer systems design and related services firms or software publishers, others work in computer and electronic product manufacturing industries. Software developers are in high demand as companies are hiring again and moving away from the cost-containment strategies, initiated in 2008.
Rhianna Collier, Vice President of SIIA’s software division, said. “This segment of the American economy has not only weathered the recession – it has emerged as a key job creator and an engine for recovery.
Employment of software developers is projected to grow 30 percent from 2010 to 2020, as the demands grow so will the salary structure. The current median annual wage of applications software developers is $87,790 – $90,530 year. The range is based off experience, industry, and regional location.
Degree #2 – Market Research Analyst
Growth within the Market Research Analyst field is largely contributed to the concept of “Big Data” and the advantages it offers’ to large and small companies alike. Big Data is a fairly new term, which refers to a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications.
Corporations are becoming increasingly aware of the benefits that data research offers them in regards to sales. Market Research Analysts provide reports on consumer demographics, sale trends, buying habits, preferences, and needs. The answers that can be derived from research are endless and the value associated with it substantial.
Employment of Market Research Analysts is projected to grow 40 percent from 2010 to 2020. The current median annual wage of market research analysts is $60,250 – $112,560 year. Students are encouraged to attain a Master’s degree in order to maximize their pay potential.
Degree #3 – Accountant and Auditor
The accounting and auditing industry has grown due to the economic and business growth we have experienced. The U.S government has passed several laws and legislation, which affect how corporations file taxes, pay their employees, and remain in compliance. As more start-ups are created and companies grow in revenue and personnel the need for accountants and auditors to protect them from the known and unknown will grow.
The demand for accurate financial documentation is expected to increase in response to recent financial crises. History is our greatest teacher and corporations are aware of the confidence and security accountants and auditors offer their business.
Employment of accountants and auditors is projected to grow 16 percent from 2010 to 2020, creating 259,000 new positions during the decade. The current median annual wage of accountants and auditors is $34,740 – $61,690 year. Students are encouraged to attain certifications within a specific field of accounting as it improves job prospects.
Degree #4 – Network and Computer Systems Administrator
First, lets start with defining what type of positions require this degree. Every single company in the world communicates via email and Internet. The Network and Computer Systems Administrator’s ensure that all computer systems are working properly, free of corruption or viruses, and management of data storage.
Demand for this position is high due to the direct correlation to the growth of businesses and the technology they use to be successful. This industry will also see a rise in jobs due to the advancement of technology as a whole. Moving forward we will only require faster mobile networks and demand they have the ability to withstand all of our needs.
Employment of network and computer systems administrators is projected to grow 28 percent from 2010 to 2020. The current annual wage of accountants and auditors is approximately $69,160 year.
Degree #5 – Elementary School Teacher
What’s important about this degree is that it will always be a necessity. Our nation will always educate our children, thus providing growth and stability to this degree.
Employment of elementary school teachers is projected to increase by 17 percent from 2010 to 2020. The current median annual wage of elementary school teachers is $30,740 – $51,660.
Degree #6 – Computer Systems Analyst
A Systems Analyst must have working knowledge of information systems and business needs to develop computer systems that will handle the growth and needs of a company. This job is noted as one of the most complex within the IT industry.
This degree is directly connected to the success of technology, which is connected to the success of new business and new businesses. As technology continues to be the infrastructure, which ensures the success of so many companies, so will the demand for computer system analysts.
Employment of Computer Systems Analyst is projected to grow 22 percent from 2010 to 2020. The current median annual wage of computer systems analyst is $68,600 – $102,000 year.
Degree #7 – Management Analyst
This degree offers true diversity due to the divers clientele most Management Analysts work with. Management Analyst review and analyze the data for various industries. They break down how they currently function and generate profits. Upon completion of their review they provide recommendations to said companies advising them on how to improve their business and increase profit margins.
Employment of Management Analysts is projected to grow 22 percent from 2010 to 2020. The current annual wage of management analysts is $43,920 – $141,780 per year.
All but one of the “7 Hot Careers for College Grads” is somehow related to technology and our ability to create new business. As a nation our dependency upon technology to manage our lives has grown along with that, so has its capability. The term “I have an app for that” lends true to our vivacious appetite to make our businesses and personal lives easier through the aid of technology. Technology is here to stay, as are these professions.
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The Career Chicks are Resume Gurus, Career Coaches and Speakers. They offer career tips and advice and provide students and professionals with the exposure, tools and techniques needed to create successful career plans and goals.