If the past couple of years has taught us anything, it’s that the job market is more malleable than ever. Remote and hybrid work, the ‘great resignation’, and increased corporate social responsibility are just a few of the results we’re seeing from the pandemic. But what does this mean for career choices? Here are some fast-growing careers you may want to consider.
No single field was affected more than healthcare since the beginning of 2020. The impact of the virus hit the industry hard, with up to a third of people considering leaving the field. And there was a shortage of skilled nurses before the pandemic. This has created an opportunity for those interested in pursuing a career in healthcare. According to Kiplinger, by 2027 the demand for nurses will increase by more than half a million.
Seeing information technology on the list is no surprise to anyone. It’s been a growing field for more than a decade. However, with remote work becoming the norm, this has opened up the field even further, as many developer roles can work from any location that has an internet connection. From cloud-based technologies to software and application developers, the information technology field is growing faster than ever. The Bureau of Labor Statistics predicts the field will grow by 22% over the next ten years and the median salary is six figures.
In another field with anticipated double-digit rates of growth in the coming years, financial managers are in demand, whether working full time with a company or as a consultant, the need to analyze expenditures in the quickly evolving technology landscape is growing. And again, the median income is greater than $100,000 annually.
Data Scientist / Actuary
With the unpredictable nature of our global economy, the recent pandemic, and technological advances, risk management is becoming one of the most important strategic initiatives at every company. Actuaries most often work with insurance companies, data scientists can be found in companies of any size or industry. Data scientists work with data to understand trends, look for correlations, and analyze results to enable better decision-making. Actuaries are growing at nearly 20% while data science is realizing a 30% growth rate.
Supply Chain Management
Making headlines for the wrong reasons recently, supply chain management is another growth industry. As more goods are moved around the world, the logistics of getting items from one place to another is becoming important to businesses. Supply chain roles require a mix of math, engineering, statistics, as well as logic, and strong problem-solving skills.
These are just a few of the industries where you may find your fast-growing career. Changes over the past couple of years have illuminated new and different challenges that companies must navigate. If you are interested in making a change in your career path, consider reskilling or upskilling through your company if possible. And if any of these new careers have you looking for executive leadership to support your organization, send us a note.