Graduating from college is a huge accomplishment for most people. Your hard work and efforts have finally paid off and soon it is time to start the job search. Unfortunately, some students finish up their programs and earn their degrees to find out that their industries aren’t exactly booming. While it is hard to take booming industries into consideration when you are starting college (because no one ever knows what is going to happen in most industries by the time you finish college), there are some ways to see what industries are doing well and whether their outlook seems expandable.
One way to see whether the degree you are pursuing will be profitable for you is to see if that industry is currently prosperous or not. Industries that are prosperous are those that are marked with success, grow at a quick rate, and have economic well-being. Industries that will do well no matter what the economy looks like are considered prosperous. Some of these include health care, law enforcement, legal services, and education. Simply put, people will continue to need those types of things regardless of the state of the economy. People will get sick and need healthcare and law enforcement will always be needed to maintain social order and uphold the laws. Attorneys will always need to defend clients, litigate lawsuits, and represent clients.
Industries with the best and highest paying salaries are also a good indicator of what your degree is worth. If most of the jobs in your industry pay relatively well, then it is likely that you will have a comfortable salary as well. Currently, some of the industries that have the highest paying jobs include those in health care, business, engineering, technology, and science. In health care, cardiologists and specializing surgeons are among the highest paid, and in business, CEOs, marketing managers, and finance mangers are amongst the highest paid. In the engineering and technology industry, engineering and systems managers are amongst the highest paid, while in the sciences industry, those paid amongst the highest were physicists, chemical engineers, and astronomers. Other high paying jobs include attorneys, political scientists, judges, and psychologists.
Viewing the economic outlook and job growth in your industry is also a good indicator of what your degree is worth. If the concentration your degree is in falls into an industry that is experiencing quick or steady growth rates, chances are you have a fair shot at finding a good job. Some of the fastest growing industries include information technology, also commonly known as IT, accounting and finance, sales and marketing, education and social services, and health care. Ten of the top 20 fastest growing occupations are healthcare related and healthcare will generate 3.2 million jobs over the next several years, according to The Bureau of Labor Statistics.
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