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What fields are expected to grow rapidly in the next decade?

What career options or career fields will there be a higher demand for skilled labor in the near future?

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Doc’s Answer

Patrick overall, the BLS projects the creation of 8.4 million jobs in the next 10 years, with an estimated 169.4 working Americans by 2028. People age 65 and over are expected to stay in the workforce longer. Meanwhile, the share of working young Americans ages 16 to 24 will continue to decline, due to more people going to school as well as displaced opportunities as older workers fill jobs historically held by younger adults.

COMPUTER SOFTWARE ENGINEER
The employment outlook for Computer Software Engineer working with systems software is expected to increase much faster than average, according to the U.S. Bureau of Labor Statistics (BLS); between 2018 and 2028, employment is expected to increase by 10%. The BLS also states that demand for this type of job is expected to increase as computer systems, mobile technology and the Internet becomes more widely used, and more software is demanded. In addition, computer software engineers will be expected to develop secure systems as technology expands. These professionals may work either directly for these organizations or for a company that manages computer systems for other organizations. They usually obtain the needed computer programming skills as part of a bachelor's degree program, and some may continue their studies with a master's degree. Depending on where these engineers are employed, additional industry-specific knowledge may be required. The average Computer Software Engineer salary is $108,00 as of June 28, 2020, but the salary range typically falls between $89,250 and $127,900. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

MECHANICAL ENGINEER
According to the U.S. Bureau of Labor Statistics (BLS) projects a four percent increase in jobs for mechanical engineers between 2018 and 2028, which is about average in comparison to other occupations. Growth in fields like oil and gas extraction and nanotechnology will provide additional career opportunities. Earning a degree in mechanical engineering opens a variety of career opportunities with automobile manufacturers, utility companies, and government agencies. Mechanical engineers utilize scientific and mathematic principles to devise technical solutions for problems in construction, engine design, and manufacturing. Aspiring mechanical engineers must earn a bachelor's degree in mechanical engineering at a minimum, and may pursue graduate degrees in the field. Every state requires that mechanical engineers earn licensure, which calls for education, supervised work experience, and several examinations. The average Mechanical Engineer III salary in the United States is $101,849 as of June 28, 2020, but the range typically falls between $93,555 and $111,391. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

PERSONAL FINANCIAL ADVISOR
According to the U.S. Bureau of Labor Statistics (BLS), there were 271,700 employed financial advisors in 2018. The BLS predicted that the field would grow faster than average by 7% between 2018-2028, since a large portion of the baby boomer generation will reach retirement status and will likely be interested in savings and personal investments. There is also expected to be a growing need for financial advisors and wealth management associates due to many companies implementing retirement savings plans in place of traditional pension plans. This change causes more people to have to manage their own finances. Financial advisors must have a background in finance or money management, preferably a bachelor's degree and master's degree. It is a competitive job, and good customer relations and people skills are also important, as financial advisors deal directly with clients. Growth in this field is very rapid over the next 10 years. The average financial advisors salary in the United States is $105,500 as of June 28, 2020, but the range typically falls between $95,250 and $116,900. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

PHYSICIAN ASSISTANT
In May 2018, there were 118,800 physician assistant jobs in the U.S., according to the BLS. Also per the BLS, 24% of PAs worked in doctors' offices, while 51% were employed in hospitals. Job growth for physician assistants is projected to be 31% -- considerably faster than average -- between 2018 and 2028. Physician assistants perform many of the same tasks as physicians and may specialize in a specific area of medicine or work in general practice. Lengthy educational preparation is required, but is still shorter than going to medical school followed by a residency program. This is a growing field with plenty of opportunities and high salaries. Ongoing education is required for periodic recertification. An aspiring physician assistant (PA) must first earn a bachelor's degree in an area of science. Following this, students apply to and enter a physician's assistant program. This degree program includes a mixture of classroom training, laboratory work and practical training. The average Physician Assistant salary is $100,500 as of June 28, 2020, but the salary range typically falls between $88,900 and $116,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Patrick service-providing jobs will continue to grow, especially for those in health care and social assistance, private educational services and construction. However, retail trade, wholesale trade, utilities, federal government and manufacturing sectors are projected to lose jobs.

Hope this was Helpful Patrick
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George’s Answer

Some career fields expected to grow in the next decade:

George recommends the following next steps:

Medical Field (Certified Registered Nurse Anesthetists (CRNA), Nurse Practitioners, Physician Assistants etc.)
Technology Sector (Software Architects, Systems Engineers, Software Engineers, IT Analysts, Software Developers etc.)
Engineering (Project Engineer, Civil Engineer, Structural Engineer, Environmental Engineer, Biomedical Engineer etc.)
Finance sector (CPA, Financial Advisors, Actuaries etc.)
And many more fields! See what interests you, then look up the projected growth.
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Mona’s Answer

Computer science for sure, there is a huge demand for software developers.
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Gina’s Answer

You should look into industries that will dominate globally: medical fields, pharmaceutical, computer science, IT-- are all good areas. I work in transportation/3PL and shipping is always a progressive career path.
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Caren’s Answer

Cybersecurity, data analytics, and machine learning/artificial intelligence are all areas of high and increasing demand where someone with interest and aptitude in technology, data, and processes could thrive. On the more human side, geriatric medical and nursing care professionals are also very needed and will continue to see a climb in demand.
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Jan’s Answer

All things AI aren't strictly tied to technical or IT roles. The world of new technologies, particularly those focused on energy storage and production, is vast and ripe for exploration. The energy sector still holds many undiscovered treasures.

Jobs that require highly specialized skills may be the first to vanish, so it's wise to broaden your knowledge and skills in these areas. Remember, general expertise can be your key to resilience and adaptability in the ever-evolving job market.
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René’s Answer

In a very broad way it is a good possibility to look into technology and everything technology-related. It can be technical, commercial or otherwise within this sector. I am working in the technology sector since 2008 and opportunities/possibilities keep arising. Even in areas which I was not aware of before.
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