We know where the jobs are now... but where will they be ten years from now? Some job descriptions, like those of doctors and teachers, will always be in need (befittingly called the most secure jobs for the future), but many others are evolving to fit the ever-changing course of technology and science. When the future of employment comes, will you be ready? Read on for some ideas of what to expect.
1. Coder
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Coding is a super power! And the great thing is that you don't have to be born with it. No matter what industry you are in, coding will help you grow your career by leaps and bounds. As the barriers to entry in the tech world continue to fall, anyone can ace the coding game and innovate as per their desire. You can grow as a technology consultant and assist companies around the world with your technological acumen, or build your own startup and live your dream of being your own boss someday. Even today, coders can be said to be the highest paid people in the tech industry. Apart from the monetary perks, coders also have the ability to make a difference in people's lives, making this a satisfying job on many fronts.
Vedict: Apps and websites are the future of the world. As the world's technology addiction grows deeper, the future will see opportunities grow manifold for coders.
2. Statistics
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Statisticians use mathematical techniques to analyze and interpret data and draw conclusions. They provide crucial guidance in determining what information is reliable and which predictions can be trusted. They use data to solve problems in a wide variety of fields and apply mathematical and statistical knowledge to social, economic, medical, political, and ecological problems. Employment opportunities are available in a multitude of areas, providing statisticians with professional flexibility; exciting opportunities; and rewarding, challenging, and lucrative careers. Statisticians are required in many fields, such as agriculture, census, computer science, economics, finance, governmental work, law, marketing, etc. As a trained statistician, you can enter the workforce as a business analyst, economist, mathematician, risk analyst, quality analyst, data analyst et al.
Verdict: As the global society is increasingly becoming data-rich and data-dependent, the demand for statisticians is high and continues to grow significantly. A recent study by McKinsey Global Institute predicts that the United States will need vastly more professionals-between 140,000 and 190,000-with expertise in statistical methods by 2018.
3. Economics
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Economics is the study of the production and distribution of goods, services, and natural resources. Most economists specialize in particular fields of study such as financial, environmental, and political economics. Some choose to narrow their focus on the economics of the international oil trade, monetary policy, or Asian financial markets. Statistics show that the majority of Economics students after graduation obtain employment within six months of graduating. The jobs they get are many and varied, with an emphasis on the finance sector (including banking, accountancy, tax advice, actuarial work, insurance and trading). This is because, the mathematical and analytical skills that economics graduates develop during their course are extremely valuable in just about every workplace, making economics one of the most versatile majors out there.
Verdict: Most economics majors find employment in the business and finance industries, because their familiarity with economic laws and principles is directly applicable to their jobs. Graduates from economics programs are able to forecast financial trends and consumer spending habits, which helps organizations make smart financial, marketing, and product-related decisions.
4. New Age Technology
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It is a no brainer that science and technology will be one of the strongest job creators of the future. Science-minded individuals will be needed to help develop cognitive science, robotics, medical, educational, IT and computer technology; to make the world better, stronger, and faster than it ever was before. Jobs that require deep knowledge of new technologies and innovations will drive growth (e.g., robotics, genetics, bioengineering, computing). And with the right engineering degree, you could be the one to design the technology that makes it all possible. Thus, with so much focus on science and technical expertise in the world, the job outlook for those in new age technologies looks quite promising.
Verdict: Emerging technologies will see innovations on a major level, where your professional development will be escalated by the progressive developments your chosen field of technology makes.
5. Legal/Business
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Legal and business jobs will see a heavy growth in the future, as no one has been able to send a robot to the court, at least till now! Jobs in this field that are at the intersection of other fields like technology, customer service, etc. will require specialized professionals to deal with these sophisticated cross-breed jobs. Such jobs may, however, require some technical background in these fields. For example, genetic ethicist, customer privacy officer, etc. A professional in this sphere may have to leverage the emerging technologies in new applications and keep himself up to date with the advancing technologies.
Verdict: As the spider grows its world wide web and other new, sophisticated technologies come into play, legal and obvious business concerns grow. As a professional, to become more specialized, you should marry your legal/business acumen with a new age technology/concept so that your knowledge becomes of extreme value to prospective employers.
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