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Arlene Schwartz Personalized Resume Service


 

JOB MARKET




BEST CAREERS TO HAVE IN A RECESSION

Job

Growth Rate

Median Comp

Financial Advisor 41% $74K
Software Program Manager 29% $103K
Database Administrator 29% $77K
Physician Assistant 27% $84K
Physical Therapist 27% $67K
Environmental Specialist 25% $53K
Hydrologist 24% $59.6K
College Professor 23% $79K
Certified Public Accountant 18% $64K
Teacher 12% $48K



Why the need for these jobs?

  • As boomers retire, they will need Financial Advisors.
  • Someone has to prevent complex systems from having problems like Software Program Managers.      
  • It is good to be a "computer nerd" at any time - Database Administrator.
  • Managed care companies love Physicians Assistants - they are cheaper than physicians.
  • The baby boomers' backs and knees aren't getting any younger and there will be an increasing need for Physical Therapists.
  • With the increased awareness and interest in protecting our environment from global warming, the need for Environmental Specialists will also increase.
  • Water is in short supply and is a requirement for life and emphasizes the need for Hydrologists.
  • Demand for schooling is growing as is the demand for College Professors.
  • Complex tax codes and audit-hungry regulations increase the need for Certified Public Accountants.
  • Retiring baby boomers will provide more jobs for Teachers who often hold union jobs.

 

The Bright Spots in 2008


John Challenger, CEO of outplacement firm Challenger, Gray and Christmas, told Yahoo and Hot Jobs
 that careers in the following fields may offer a good chance of weathering a storm this year.

  • Education - The U.S. Bureau of Labor Statistics has historically shown teaching to be relatively recession-proof. But demographics are important: High-growth areas like the Sun Belt offer much better prospects than the Rust Belt.
  • Energy - "This is a major issue for the global economy, and jobs related to oil and gas, alternative energy and even nuclear are likely to see strong growth.
  • Health care - Almost half the 30 fastest growing occupations are concentrated in health services -- including medical assistants, physical therapists, physician assistants, home health aides, and medical records and health information technicians.
  • International business - "If you have a strong knowledge of other cultures, and an ability to work in another country, you'll find plenty of opportunities," according to John Challenger. "If you're first generation Chinese, with business skills and Chinese language skills, you're in good shape."
  • Environmental sector - There is a huge and growing industry geared to combat global warming. Professionals with skills in sustainability issues will be in demand through the end of the decade, and there will probably be shortages of professionals with 'green' skills. Sustainablebusiness.com, a networking service for sustainable businesses provides a job board and industry news.  It is a good site for finding companies to research and contact.
  • Security - Crime fighters, including police officers, port security specialists, and international security experts will continue to be in demand.


Recession-Proof Jobs in 2008

Best Careers to Have in a Recession


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