Need Stability? Seven Unshakeable Careers
By Lydia Dishman
Though employers across industries are showing reluctance to hire full-time employees in favor of part-time, temp-to-hire and independent contractors, according to Linda Duffy, president of Leadership Habitude, there are certain industries showing potential for serious growth -- the kind that offers job stability long term
James Weinberg, Founder and CEO of Commongood Careers, says the nonprofit sector continues to grow, representing 12 percent of the GNP and workforce. Says Weinberg, "Based on our experience, nonprofits focusing on education and health, as well as those considered to be entrepreneurial social innovators, are best positioned for rapid growth." Though many nonprofits lean heavily on government funding, budget cuts on the state and federal level have made an impact. Development directors responsible for raising money will likely be more valuable than ever. Median salaries for full-time fundraisers are around $61,000, according to online salary database, PayScale.com.
2. Green Collar
President Obama touted the rising numbers of green collar workers as the economic engine of the future while Bill Berry, Associate Dean, John Sperling School of Business, University of Phoenix points out, "Many of the financial failures over the past decade have been a direct result of not focusing enough on corporate social responsibility and corporate governance." Berry says doing so now should reduce those effects over the long-term. Degrees for green jobs range from University of Phoenix's Bachelor of Science in Green and Sustainable Enterprise Management to MBA programs at a variety of institutions.
3. Financial Services
Believe it or not, financial services are starting to turn around with companies hiring post-recession. According to the Bureau of Labor Statistics (BLS), as the level of investment increases, overall employment of financial analysts is expected to increase by 20 percent over the next decade, much faster than the average for all occupations. Analysts will be in particular demand, especially those who deal with risk and portfolio management.
4. Veterinary Services
Michelle Hollowat wrote the book, The Everything Guide to Working with Animals, so it's not surprising her prediction is focused on pets, "From trainers, vet techs and veterinarians to doggie day care owners and groomers," because she says, "Pet owners spend a lot on their pets." Prospective vets must have a Doctor of Veterinary Medicine (D.V.M. or V.M.D.) degree from a 4-year program. However trainers can start work with a high school diploma or GED and still earn around $40,000 per year.
5. Health Care
Laurence Shatkin, PhD, senior product developer at JIST Publishing, believes health care will be a leader in job growth. "Rising demand is inevitable because of the demographics of an aging population, and unlike other high-growth fields, health care has a very broad variety of occupations," he says.
There are also a variety of educational requirements for different health care workers , from high school diploma plus certification for a medical transcriptionist to graduate degrees for physical therapists. However, salaries often correspond to the worker's level of education. Transcriptionists' salaries hover around $30,000 while a physical therapist with a Bachelor's degree can expect to make $67,000.
U.S. Secretary of Labor Hilda Solis reported employment in the education sector continues to increase. One particular area poised for growth is teaching English as a second language (ESL or ESOL) because of the rise of foreign-born residents who'll need English instruction over the next five years, according to BLS estimates.
Lissette Treanor, ESL Program Coordinator at Greenville Technical College, says a Masters in TESL is preferred but a graduate degree in a related field will do. Treanor emphasizes teachers do not need to speak any other languages in fact it's better if they can't. ESL teachers can earn an average of $46,000 per year.
7. Funeral Industry
Though she predicts any niche catering to aging baby boomers is a winner, Bettina Seidman of Seidbet Associates, a career counseling and coaching firm, emphasizes the funeral services industry. "Beginning January 2011, 10,000 baby boomers will be turning 65 every day," notes Seidman. Funeral directors have the top job (making about $50,000 per year) but the need for attendants to handle arrangements and storage of equipment is expected to rise faster than average according to the BLS.
Source: Salary data from PayScale.com. The salaries listed are annual salaries for full-time workers with 5-8 years of experience, and include all bonuses, commissions and profit sharing.