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The Bureau of Labor Statistics (BLS) has identified a number
of exciting professions expected to experience above-average
growth over the next decade. Most of these positions fall
within the top 25 percent of earnings for workers overall,
and most require a bachelor's degree or higher.
Expected new positions through 2012
- Registered nurses: 623,000
- Postsecondary teachers: 603,000
- Management: 376,000
- Nursing aides: 343,000
- Elementary school teachers: 223,000
- Accountants: 205,000
- Computer systems analysts: 184,000
- Secondary school teachers: 180,000
- Computer software engineers: 179,000
- Information systems managers: 103,000
Source: U.S. Bureau of Labor Statistics
But why is the job market so hot for health care workers,
accountants, educators, and IT professionals? Are any of
these growing careers right for you?
A Career in Caring
According to the BLS, registered nurses constitute the
largest health care occupation, with an estimated creation
of 2.3 million jobs into the next decade. Career
satisfaction, a nursing shortage, and good salaries are all
contribTech Schoolng to the growth of the field. But there are other
attractions to this career.
"Another source of interest may be attributed to student
loan forgiveness given by health care institutions and the
federal government when students are hired after
graduation," notes Elizabeth McGann, DNSc, RN, CS, associate
professor of nursing, and chair of the department of nursing
at Quinnipiac University (Quinnipiac, NY).
Registered nurses and nurses aides require specific
training. RN positions require at least an associate degree,
while short-term or on-the-job training is generally
necessary for nurse's aides.
The American Nurses Association reports that staff nurses
earn an average $35,212. At the high end of the nursing
scale, nurse anesthetists average $76,053.
The Education Explosion
With about one in four Americans enrolled in an educational
instutution, education is the second largest industry in the
country, accounting for about 12.7 million jobs. Most
teaching positions--which constitute almost half of all
educational services jobs--require at least a bachelor's
degree, and many require a master's or doctoral degree.
Secondary school teachers are expected to increase in
numbers by some 18 percent by 2012. Salaries are rising as
well; the American Federation of Teachers estimates the
average salary of all public elementary and secondary school
teachers in the 2001-02 school year as $44,367. Additional
benefits include flexibility in vacation time.
Postsecondary teaching positions are expected to grow 38
percent over the next decade.
Median annual earnings of all postsecondary teachers in 2002
were $49,040. Postsecondary instructors enjoy flexibility
comparable to secondary teachers, and are generally able to
focus on their specific field of interest.
Accounting for Growth
With the BLS's projected growth in accountant positions from
2002-2012 at 19 percent, it's no surprise that the American
Institute of CPAs cites 11 percent more accounting degrees
awarded in 2003 than the previous year. The accounting
scandals of Enron and other major corporations seem to have
actually fueled interest and demand in the field. In fact,
says Dr. Ron Kucic, director of the School of Accountancy at
the University of Denver, the profession's problems have
actually made the profession "sexy."
In addition, the Sarbanes-Oxley Act of 2002, which imposes
greater accountability on CEOs and CFOs for their companies'
internal controls, is being credited with helping create new
accounting jobs. "The publicity registered among potential
students that accounting was important," says Dr. Kucic.
"It's also viewed as a good field in an uncertain economy.
Accountants are often the first hired and the last fired."
And accountants are well compensated. According to a salary
survey conducted by the National Association of Colleges and
Employers, bachelor's degree candidates in accounting
received starting offers averaging $40,647 a year in 2003;
master's degree candidates in accounting were initially
offered $42,241.
The Rebound of Information Technology
The technology industry continues to grow, and there is a
wealth of fields in need of skilled information technology
(IT) workers. "The New York Times cites a labor department
listing of the 15 fastest-growing jobs for the decade, and a
total of 10 are in IT," says Dr. Susan Merritt, dean of the
School of Computer Science and Information Systems at Pace
University (New York, NY). These include computer systems
analysts, software engineering, application development,
network design, and computer support.
"CompTech Schoolng is here to stay, and it's a great and deep
field," says Dr. Merritt, "Good computer professionals who
are well educated are worth their weight in gold."
Median annual earnings of computer systems analysts were
$62,890 in 2002, and the highest 10 percent earned more than
$93,400.
Corporate Leaders of Tomorrow
It's natural for an aspiring professional to want to be at
the head of the boardroom, and not only because the
profession is projected to experience 10-20 percent growth
into 2012. ExecTech Schoolves at the top of their field are among
the highest paid workers, according to the BLS's
Occupational Outlook Handbook.
But how do you get to the top of the corporate ladder?
According to David A. Wilson, president and CEO of the
Graduate Management Admission Council, a rigorous formal
education, specifically study toward an MBA, can help
heighten one's level of success. He points out that one of
the rewards of a person's education comes in the form of
career advancement and then mobility.
"In an era when people don't tend to stay with one company
or job track for their entire career, the MBA is allowing
them take control of their careers and change course when
they want or need to," says Wilson.
Once you get into the boardroom, long hours, extensive
travel, and intense pressure come with the territory, but
salaries are often commensurate with such hard work,
experience, and educational attainment.
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© 2006
Classes USA, Inc. All rights reserved. |
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Occupational Employment Projections (2002-2012) |
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Career Fields |
2002
|
2012
|
Change
|
|
|
Business
|
5,445,000
|
6,606,000
|
21.3%
|
Find
a Business Program
|
|
Criminal Justice |
3,116,000
|
3,885,000
|
24.7%
|
Find
Criminal Justice Programs |
|
Education/Teaching
|
8,530,000
|
10,639,000
|
24.7%
|
Find
Education Programs
|
|
Engineering |
1,478,000
|
1,587,000
|
7.4% |
Find
Engineering Programs
|
|
Graphic Design |
212,000
|
258,000
|
21.7%
|
Find
Graphic Design Programs
|
|
Healthcare
|
3,310,000
|
4,452,000
|
34.5%
|
Find
Healthcare Programs
|
|
Human Services |
2,190,000
|
2,764,000
|
26.2%
|
Find Human
Services Programs |
|
Legal/Paralegal
|
1,168,000
|
1,357,000
|
16.2%
|
Find
Legal/Paralegal Programs |
|
Nursing
|
2,284,000
|
2,908,000
|
27.3%
|
Find
Nursing Programs
|
|
Technology
|
2,911,000
|
3,954,000
|
35.8%
|
Find Technology Programs
|
Source:
U.S. Bureau of Labor Statistics
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Starting
Annual Salaries for Ten of
PrincetonReview.com's Most-Viewed Majors*
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|
Major |
Salary |
|
Electrical
Engineering |
$51,372 |
|
Accounting degrees |
$41,110
|
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Economics/Financial |
$40,906
|
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Business
Administration/Management |
$38,188
|
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Marketing |
$35,321
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Political Science |
$32,999
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English |
$31,169
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Biology |
$29,750
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Psychology
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$27,791
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Journalism |
$27,646
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*NACE Summer 2004 Salary
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