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Although the U.S. unemployment rate is near a 10-year low, not all jobs are created equal in the post-recession economy. Some professions and industries are pulling ahead of the pack when it comes to compensation and benefits, while millions of Americans continue to struggle with stagnant pay and limited job prospects.
So how does one find a lucrative job with plenty of career prospects? It helps to focus on three industries, according to a new study from employment site Glassdoor.
About half the jobs with the best prospects for 2017 tend to be found in technology, health care and finance, the study found. These careers are highly skilled professions that typically require college degrees or specialized training, which emphasizes the increasing opportunity divide between Americans with college degrees and those who didn’t progress beyond high school.
And because these jobs are resistant to automation, they’re likely to continue providing a good income and career prospects for years to come.
“These positions won’t be automated anytime soon,” said Glassdoor spokeswoman Allison Berry. “They’re all very highly skilled and require people to dig into what they are working in, whether that’s a data scientist or a pharmacy manager.”
Less-skilled occupations are increasingly feeling the impact of automation as companies turn to robots for manufacturing work, for instance. That trend is likely to expand into other industries. The World Economic Forum predicted last year that automation will cause 5.1 million job losses over the next five years.Full Story
While there’s still a stigma against for-profits, the quality of education varies widely within the sector, experts say.Full Story
Engineering and technology are among the most challenging fields of study in college, but all of that hard work apparently is paying off, as many of the top-earning entry-level jobs are tied to related majors, according to a Glassdoor study released Monday.
The job search engine analyzed more than 500,000 resumes and self-reported salaries to determine which majors pay the most during the first five years after graduation. Eight of the 10 most-bankable majors are tied to engineering or technology, such as computer science, electrical engineering and information technology. Nearly half of the majors listed are in science, technology, engineering and math (STEM) fields, though business-related majors, such as accounting and marketing, crack the top half of the 50 majors listed.Full Story
It’s good to be an engineer.
The average starting salary for new college graduates for 2016 is $52,569, according to the National Association of Colleges and Employers‘ annual survey of starting salaries.
If you want to pull down bigger bucks than that, you’d better like math: Engineering fields comprise 16 of the top-paying 35 job titles, according to an analysis provided to MONEY by Payscale, which looked at salaries for employees with bachelor’s degrees and two years’ experience or less.Full Story
Conversations about the advancement of women at work are now so commonplace that it can seem like a foregone conclusion that, someday soon, women will have equal opportunities and pay.
But then you start wading through the comments under news articles on gender diversity and you realise there is a very angry, resentful undertow from some (mostly men) who demonstrate a fear that when women win, men and families will lose.Full Story
When choosing a college major, students take several elements into account, including what they’re most interested in and which fields complement their natural skills. But it’s important not to overlook an important factor: future job opportunities. With classes resuming for the fall, job-posting site Indeed compiled a list of majors that lead to “jobs of the future” — positions that pay $57,700 per year or more and saw at least 25% wage growth between 2004 and 2014.Full Story
I’VE GIVEN STUDENT advice before, so some of this might not be completely new. However, it’s a new year with new students, so it might be useful to give some ideas to this year’s collegiate freshmen. Actually, here are four things for students to consider.Full Story
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