The U.S. is changing dramatically in demographics, and this is leading to job growth in specific industries that Millennials must focus on for massive careers.
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Tom Beck, the co-founder of Portfolio Wealth Global, has always stressed that your career path is to be your main source of income.
This is a new era of jobs, and one of the most important decisions you will ever make is what career path you choose.
Not every field will be developed equally well. Moreover, not all of them fit the criteria for Millennials, who are the industry growth determiners for years to come.
The Most Promising Occupations for the Coming 2 Decades
Portfolio Wealth Global sees the healthcare industry as a major source of wealth. In fact, our top long-term Relentless Profit-Thriving Stocks include healthcare stocks.
The healthcare industry is in a constant state of transition, with new technology, new science, newly empowered patients, and new funding models.
Millennials encourage this transformation by exhibiting different ambitions and behaviors. And with U.S. medical schools churning out almost 20,000 graduates a year, the future of the industry will be affected in the upcoming years.
Healthcare professionals and patients get access to new information all the time.
Everything revolves around two things: supply and demand. And there is no dearth of demand in the healthcare sector. This is exactly the reason why the healthcare industry is going to persist and be a top choice for Millennials in the coming decade.
There are many choices within the field itself, and the new generation can choose from any specialization: becoming a doctor, a nurse, physical or occupational therapists, home health aides, dental hygienists, and dentists. All are projected to grow.
In fact, a look at the fastest-growing job markets in 2016 will reveal that nearly 25% to 50% of all the careers are related to the healthcare industry in some way.
The adjacent field of veterinary sciences, psychology, and psychiatry are doing quite well, too.
When a Millennial joins the healthcare industry, they can expect to sink into an average salary of $28,000 to $250,000.
2. Software Development:
The world has become increasingly digitalized, and technology has integrated itself firmly into different aspects of society. Millennials are the ones who use this opportunity to build a strong career – one that meets their requirements.
Software development covers a vast range of technological — as well as creative — career paths.
Software development encompasses many different types of activities, from working out the kinks on the latest platform in social media to designing the next hit application.
Portfolio Wealth Global also sees the major opportunity in technology. We are now researching 68 stocks in the cutting-edge technology sector, and we will profile our top pick to members of our free newsletter in the next 25-40 days.
Millennials who join the software development industry can expect to earn an average salary of $85,000.
3. Information Security:
Data is precious not just for companies, but for individuals as well. A person who is hacked runs the risk of having their personal details and information leaked on the Internet – or worse.
Millennials do not have tolerance for this kind of thing.
They understand how important data security is, and this generation wants to be a part of the solution to this very real issue.
With the constant advancements in the field of technology, there will always be a need for creative individuals who are familiar with technology and possess a keen eye for solving problems. The job market is willing to receive talented Millennials who are capable of forward thinking to thwart attempts by hackers and keep information safe and secure at all times.
Anybody who wants to pursue a career as an information security specialist must have a bachelor’s degree in computer science. However, field experience works equally well.
In 2015, the average salary for people working in the field of information security was $93,250.
Millennials now have the opportunity to get in on the ground floor of these growing industries and become Cutting-Edgers, while benefitting personally and professionally in the process.