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CAREERS OF THE FUTURE: What Students Need to Know About the Job Market

CAREERS OF THE FUTURE: What Students Need to Know About the Job Market. MEDIAN WEEKLY EARNINGS. Highest Paying Occupations* U.S., 2010. Physicians & Surgeons C hief Executives Engineering Managers Pharmacists Lawyers

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CAREERS OF THE FUTURE: What Students Need to Know About the Job Market

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  1. CAREERS OF THE FUTURE: What Students Need to Know About the Job Market

  2. MEDIAN WEEKLY EARNINGS Highest Paying Occupations* U.S., 2010 Physicians & Surgeons Chief Executives Engineering Managers Pharmacists Lawyers Computer & Information Systems Managers Aerospace Engineers Computer Software Engineers Computer Hardware Engineers Chemical Engineers Electrical & Electronics Engineers Judges, Magistrates, & Other Judicial Workers Chemists and Materials Scientists Financial Analysts Personal Financial Advisors $1,975 1,949 1,885 1,880 1,757 1,600 1,593 1,549 1,519 1,505 1,459 1,444 1,423 1,421 1,381 *Based on full-time wage & salary workers SOURCE: U.S. Department of Labor

  3. Think you don’t need an education? THINK AGAIN! Education pays in higher earnings and lower unemployment rates.

  4. It Pays to Stay in School About 10% of people with just a high school diploma live in poverty, but the percentage doubles to 20% among those with less education. SOURCE: Indiana Career and Postsecondary Advancement Center

  5. Top 10 Most Profitable College Majors & the Average Starting Salary Chemical engineering Electrical engineering Mechanical engineering Computer science Accounting Economics/Finance Civil engineering Business administration Marketing Liberal arts majors $55,900 $52,899 $50,672 $50,046 $45,723 $45,191 $44,999 $38,850 $36,260 $30,828 Source: National Association of Colleges & Employers

  6. The Best Paying Jobs Require 2 or More Years of Education and/or Training There are many sources of training: • Apprenticeship • On-the-Job Training • Business Schools • The Military • BOCES, Technical Schools • 2- or 4-year Colleges • Graduate School It doesn’t matter where you get the training, as long as you get it!

  7. The most important SKILL employers seek in job candidates is the ABILITY TO COMMUNICATE EFFECTIVELY Also important is… • STRONG WORK ETHIC • TEAMWORK • INITIATIVE • INTERPERSONAL SKILLS • PROBLEM-SOLVING and ANALYTICAL ABILITIES SOURCE: 2007 NACE survey (National Association of Colleges and Employers)

  8. THE ABILITY TO LEARN & RETRAIN • GOOD COMPUTER SKILLS • RELATED EXPERIENCE THROUGH INTERNSHIPS, MENTOR RELATIONSHIPS, JOB SHADOWING & OTHER WORK EXPERIENCES • BEING CREATIVE & FLEXIBLE INCREASE YOUR CHANCES OF BEING HIRED BY HAVING…

  9. * SCIENCE (biochemist, conservation scientist) * TECHNOLOGY (computer systems analyst) * ENGINEERING (civil, electrical, environmental) * MATHEMATICS (actuary, financial analyst) STEM OCCUPATIONS ARE GROWING:

  10. Require the ability to think logically. • People working in STEM careers, on average, earned $64,703, nearly twice the average for all workers in the Central New York Region. * Starting salaries are higher for STEM workers than for workers in many other disciplines. * Demand for STEM workers is increasing. STEM OCCUPATIONS:

  11. Emerging Fields: Combining Science & Technology Biotechnology Creating new cures for diseases, new pesticides, fuel sources, etc. Geospatial Technology Identifies the location of natural or man-made features on the earth Nanotechnology The study of extremely small elements at the atomic level

  12. Emerging Fields: Combining Science & Technology Telecom Broadband & wireless technologies are expanding animation, video & other media Energy Developing economically viable solar power & hydrogen fuel cells Space The long-awaited commercialization of space could open up new frontiers & jobs. Entrepreneurs are eager to enter the space tourism business and even mine asteroids.

  13. Emerging Occupations: Hospitalists (can admit patients to the hospital; 24-hour resource right there within the hospital; someone on-site to deal with any situation that comes up. Increasingly common) Patient Navigator (health care field; assist patients with serious illnesses (i.e. cancer, diabetes, etc…navigate through the health care system) Energy Building Auditor (construction field, evaluate green building construction) Environmental & Green Technology Occupations (solar panel installers etc..) Social Media Coordinator

  14. Examples of Common Green Jobs: General & Operations Managers Engineering Managers Purchasing Agents, Exc. Wholesale, Retail, & Farm Products Accountants & Auditors Mechanical Engineers Sales Representatives, Wholesale & Manufacturing, Except Technical & Scientific Products Bookkeeping, Accounting, & Auditing Clerks Production, Planning, & Expediting Clerks Shipping, Receiving & Traffic Clerks Executive Secretaries & Administrative Assistants Office Clerks, General Maintenance & Repair Workers, General

  15. Examples of Common Green Jobs: First-Line Supervisors/Managers of Production & Operating Workers Machinists Welders, Cutters, Solderers, & Brazers Construction Laborers Electricians Cutting, Punching, & Press Machine Setters, Operators, & Tenders, Metal & Plastic Team Assemblers Electrical & Electronic Equipment Assemblers Inspectors, Testers, Sorters, Samplers, & Weighers Helpers - Production Workers Laborers & Freight, Stock, & Material Movers, Hand

  16. Fastest-Growing Occupations in the U.S., 2010 - 2020 SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Projections 2010– 2020; NOTE: OJT = On-the-Job Training

  17. Employment Growth in Selected OccupationsRequiring a Master's, Doctoral, or First-Professional Degree Source: U.S. Dept. of Labor Projections between 2008 and 2018. (Thousands of jobs)

  18. Employment Growth in Selected Occupations Requiring a Bachelor's or Graduate Degree Plus Work Experience Source: U.S. Dept. of Labor Projections between 2008 and 2018. (Thousands of jobs)

  19. Employment Growth in Selected Occupations Requiring a Bachelor's Degree Source: U.S. Dept. of Labor Projections between 2008 and 2018. (Thousands of jobs)

  20. Employment Growth in Selected Occupations Requiring an Associate Degree or Postsecondary Vocational Award Source: U.S. Dept. of Labor Projections between 2008 and 2018. (Thousands of jobs)

  21. Employment Growth in Selected OccupationsRequiring Work Experience or Long-Term On-the-Job Training Source: U.S. Dept. of Labor Projections between 2008 and 2018. (Thousands of jobs)

  22. Employment Growth in Selected Occupations Requiring Short- or Moderate-Term On-the-Job Training Source: U.S. Dept. of Labor Projections between 2008 and 2018. (Thousands of jobs)

  23. Youth-Related Career Information on the WEB www.nycareerzone.org A career exploration tool http://stats.bls.gov/k12/index.htm Exploring career information – what interests you? www.labor.ny.gov Labor laws for youth, career information, resources

  24. New York State Department of Labor Division of Research and Statistics Karen Knapik-Scalzo Associate Economist 450 S. Salina Street Voice (315) 479-3391 Syracuse, NY 13202 Fax (315) 479-3271 E-Mail: karen.knapik-scalzo@labor.ny.gov www.labor.ny.gov PREPARED BY:

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