Careers in Today's Booming Industries
According to government reports, hiring is picking up in several sectors. So how can you prepare to get in on the action? Read on to learn more.
Do you want to pursue a career that's in demand?
Although jobs aren't booming in all industries, if you look at the U.S. Department of Labor's latest "Employment Situation Summary - April 2012," there are a few fields - like health care and professional business services - that are experiencing a hot hiring streak.
According to the Department of Labor's summary, employment in the professional and business services field added 62,000 jobs in April, while the health care field added 19,000 new jobs.
So, what's making these industries shine?
"Health care tends to be a more stable industry in general because people will always need it. With the retirement population growing (a societal trend from baby boomers), health care needs to grow along with it to care for the aging population," says Hallie Crawford, career coach and founder of Create Your Career Path.
"Business, I think, is finally bouncing back after the recession, slowly, but businesses are feeling more optimistic and therefore willing to hire employees again," says Crawford.
Think a career in business or health care might be for you? Learn more about five booming career options in these hot industries now.
Career # 1 - Health Care Administrator
What if you could use your leadership skills in a growing health care career? Good news: as a health care administrator, you can.
Hot Hiring Factors: Health care administrators are projected to experience a 22 percent job growth rate between 2010 and 2020, says the U.S. Department of Labor. This growth is thanks to the continued necessity for health care services, which in turn will require more managers to run health facilities - hence the projected 68,000 new positions by 2020.
Job Responsibilities: Health care administrators help keep a facility's medical services running smoothly by juggling a little bit of everything. This includes managing finances and communicating with the medical staff to stay up to date on new medical laws and regulations, according to the Department of Labor.
Education Options: Think this career might be for you? Most health care administrators earn at least a bachelor's degree in health administration, but requirements could differ by facility, says the Department. Master's degrees in health services, public health, public administration, or business administration are also common credentials.
Career #2 - Financial Analyst
Want to pursue a booming career in the financial and business sector? Consider a career as a financial analyst.
Hot Hiring Factors: With new investment opportunities and more complex investment portfolios, employment of financial analysts is projected to grow by 23 percent from 2010 to 2020 - faster than average, according to the U.S. Department of Labor. That's a total of 54,200 more jobs. How's that for booming?
Job Responsibilities: As a financial analyst, you could provide investment advice by evaluating the performance of stocks and bonds and watching economic and business trends, according to the Department of Labor. In this booming career, you might work in banks, pension funds, securities firms, or insurance companies.
Education Options: Eager to prepare to pursue this career? A bachelor's degree in finance, accounting, business administration, economics, or statistics is needed to prepare to pursue many financial analyst positions, says the Department. Keep in the mind, though, that employers frequently require a master's in business administration or finance, too.
Career # 3 - Medical Assistant
Interested in a hands-on career in the growing health care field? A career as a medical assistant could be a good fit for you.
Hot Hiring Factors: The U.S. Department of Labor projects a fast job growth rate of 31 percent for the medical assistant profession - or 162,900 new jobs - between 2010 and 2020. As the baby boomers age and require more medical services, doctors are expected to need more medical assistants to complete routine clerical and clinical responsibilities.
Job Responsibilities: Medical assistants can help make sure that a patient's visit goes smoothly and all questions are answered. With a combination of administrative and clinical duties, this in-demand career could include everything from measuring vital signs to preparing blood for lab tests to arranging patients' appointments, according to the Department of Labor.
Education Options: What do you need to prepare for this career? Although medical assistants could learn on the job, some employers could prefer candidates who complete a formal education program like a certificate or associate's in medical assisting, says the Department.
Career # 4 - Human Resources Specialist
Eager to join the booming field of human resources? Consider pursuing a career as a human resources specialist.
Hot Hiring Numbers: Due to companies continually wanting to find and keep the most qualified workers, human resources specialists will continue to be in demand, says the U.S. Department of Labor who projects 21 percent job growth between 2010 and 2020. In case you're wondering, that's a total of 90,700 new jobs.
Job Responsibilities: Human resources specialists help recruit, interview, and situate qualified candidates into jobs, according to the Department of Labor. But that's not it. This growing career might also include other duties in employee relations, payroll and benefits, and employee education.
Education Options: How can you prepare to pursue this career? Although education requirements may vary by employer, most human resources specialists need to have at least a bachelor's degree, according to the Department. Preferred majors for human resources generalists, for example, include human resources, business, or a related field.
Career #5 - Public Relations Specialist
Ready to use your communication skills in a growing field? A public relations specialist could be the right career match for you.
Hot Hiring Numbers: Because organizations want to improve their reputation and visibility to consumers, as well as increase the number of communication channels between organizations and the public, public relations specialists are projected to see a 23 percent job growth between 2010 and 2020, according to the U.S. Department of Labor. In case you're wondering, that translates to 58,200 new jobs.
Job Responsibilities: As a public relations specialist, your communication and social skills can come in handy when trying to create a positive public image for your client or employer. Get ready to write press releases, arrange interviews with the public, organize and run public relations programs, or develop fundraising plans for an organization, according to the Department of Labor.
Education Options: Want in on this in-demand field? To prepare to pursue this growing career, a bachelor's degree is generally required. Specifically, employers tend to prefer applicants who "have studied public relations, journalism, communications, English, or business," says the Department. In some cases, employers might favor applicants with a master's degree in public relations or journalism.
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