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Sunday, January 8, 2023

2023's Fastest-Growing U.S. Jobs For College Grads

2023's Fastest-Growing U.S. Jobs For College Grads


Patrick Villanova, CEPF® 

The U.S. labor market remained strong in 2022, adding another 263,000 jobs in November. But the Bureau of Labor Statistics predicts that the job market may cool off in years to come, projecting that total employment will grow only 0.5% annually between 2021 and 2031, which is half the growth rate between 2011 and 2021.

Keeping these potential job changes in mind, SmartAsset identified and ranked the fastest-growing jobs for college graduates. We gathered BLS data from 144 professions that typically require a bachelor’s degree and compared them using four specific metrics: percentage change in average earnings from 2020 to 2021, percentage change in employment from 2020 to 2021, projected employment change from 2021 to 2031 and projected percentage change in employment from 2021 to 2031. For details on our data sources and how we put all the information together to create our final rankings, read the Data and Methodology section below.

financial advisor can help you create a personalized plan for investing your hard-earned income. SmartAsset’s free tool matches you with up to three vetted financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

This is SmartAsset’s fifth annual study on the fastest-growing jobs for college grads. Previously, this study was titled “Most In-Demand Jobs for Bachelor’s Degree Holders.” Check out the 2022 rankings here.

Key Findings

  • Information security analysts remain No. 1. For the second year in a row, the role of information security analyst is the fastest-growing job for college grads. Government data indicates that 56,500 more people will be working in this booming field by 2031 than there were in 2021.

  • Entertainment and sports professionals had the largest single-year increase in earnings. Agents and business managers of artists, performers and athletes saw their average earnings rise 18.7% to $116,410 in 2021. That’s the largest single-year earnings jump of any occupation tracked for this study.

  • Broadcast professionals and nuclear engineers will face the biggest job decreases. Broadcast announcers and radio disc jockeys are projected to lose the biggest percent in employment from 2021 to 2031 (-11.4%), followed by nuclear engineers (-11.1%).

1. Information Security Analysts

Information security analysts are responsible for protecting an organization’s computer network and systems. Most people in this occupation work for computer companies, consulting firms or financial companies. The BLS projects the field will grow a whopping 34.7% by 2031, the largest 10-year projected change in our study. These tech professionals also saw their average earnings increase 5.3% between 2020 and 2021, reaching $113,270 per year.

2. Substance Abuse, Behavioral Disorder, and Mental Health Counselors

Substance abuse, behavioral disorder, and mental health counselors help people with a variety of issues related to alcoholism, depression and other forms of addiction. Earning an average salary of $53,490, these professionals work with patients at mental health centers, community health centers or through private practices. Employment is expected to expand by 22.1% by 2031, the fifth-largest increase across our study. Another 77,500 people will be working in the field by then, the ninth-most among the 144 occupations we analyzed.

3. Market Research Analysts and Marketing Specialists

Market research analysts and marketing specialists evaluate the potential sales of products and services by examining consumer preferences, economic conditions and other factors. Those working in the field earned, on average, $76,080 in 2021, just 2.9% more than a year earlier. However, the BLS projects there will be 150,300 more people in the occupation by 2031, which is the third-largest increase among the 144 professions we studied. At that rate, the field would grow faster (19%) than all but nine other professions in our study.

4. Producers and Directors

Employment of producers and directors grew by nearly 16% in 2021, the eighth-largest single-year jump in our study. Producers and directors are responsible for making both business and creative decisions related to film, TV, stage and other productions. These professionals saw their average earnings rise 5.4% between 2020 and 2021 – the 13th-largest increase across our study – reaching $101,950.

5. Management Analysts

Management analysts recommend strategies to improve the efficiency of a business or organization, often with an eye on reducing costs and increasing revenues. The BLS expects this occupation will continue to grow in the years to come, adding 108,400 new workers by 2031. That projected increase ranks sixth-highest among all 144 occupations in our study. Management analysts on average earned $100,530 in 2021, up 3% from a year earlier.

6. Operations Research Analysts

Operations research analysts help organizations solve problems and make informed decisions about business, healthcare, logistics and other topics. These analysts have a variety of potential responsibilities, which may include helping a company allocate its resources or manage a supply chain. The BLS predicts employment in the field will increase 23.2% by 2031, fourth-most across our study. In 2021, the average earnings of operations research analysts rose 3.8% to $95,830.

7. Child, Family, and School Social Workers

Child, family, and school social workers focus on bettering the social and psychological health of children and their families. Those working outside of a school setting may help arrange adoptions or find foster homes for children, while those working inside a school often deal with teenage pregnancy, misbehavior and truancy. The occupation had the 21st-largest increase in average pay in 2021, when earnings rose 4.8% and reached $54,880. The profession will add another 29,100 jobs by 2031, which is the 23rd-most among all 144 occupations in our study.

8. Medical and Health Services Managers

Medical and health services managers are responsible for managing healthcare facilities, clinical departments or the medical practices of doctors. While average earnings ($119,840) grew by only 0.9% in 2021, employment in the field is projected to grow 28.3% by 2031 – second only to information security analysts. Meanwhile, the BLS projects another 136,200 people will be working in the field by 2031, fourth-most overall.

9. Financial Managers (Tie)

With average earnings of $153,460, financial managers are responsible for the long-term financial goals of an organization. Their work often involves creating financial reports and directing investment activities for the banks, investment firms or insurance companies that employ them. According to the BLS, the occupation is projected to grow 16.8% by 2031 and add 123,100 new jobs in that time, fifth-most across our study.

9. Coaches and Scouts (Tie)

While coaches teach athletes skills within their respective sports, scouts are responsible for evaluating players for potential success at the amateur, collegiate or professional ranks. Average earnings for coaches and scouts increased 7.3% in 2021 to reach $50,550. That was the fifth-largest jump in average earnings among all 144 occupations analyzed in our study. Employment is also expected to increase 20% by 2031 (ninth-most), adding 48,800 new positions during that time (16th-most).

Data and Methodology

To find the fastest-growing jobs for college grads, we looked at data for 144 occupations that the BLS classifies as typically requiring a bachelor’s degree for entry. We compared the 144 occupations across four metrics:

  • Percentage change in average earnings from 2020 to 2021. Data comes from BLS Occupational Employment Statistics and is for May 2020 and May 2021.

  • Percentage change in employment from 2020 to 2021. Data comes from BLS Occupational Employment Statistics and is for May 2020 and May 2021.

  • Projected employment change from 2021 to 2031 (gross figure). This is the projected change in the total number of people employed in an occupation from 2021 to 2031. Data comes from the BLS 2021 Employment Projections.

  • Projected employment change from 2021 to 2031 (percentage change). This is the projected percentage change in the number of people employed in an occupation from 2021 to 2031. Data comes from the BLS 2021 Employment Projections.

We ranked each occupation in every metric, giving full weighting to all four metrics. We then found each occupation’s average ranking and used that to determine a final score. The occupation with the best average ranking received a score of 100, while the occupation with the worst average ranking received a score of 0.

Tips to Make Your Income Go Further

  • Manage your tax liability. By contributing to a 401(k) or traditional IRA, you’ll reduce your taxable income while saving for retirement. If you’re enrolled in a high-deductible health plan, consider contributing to a health savings account (HSA). These contributions are tax-deductible and can be withdrawn tax-free to pay for qualified medical expenses.

  • Open a high-yield savings account. With interest rates continuing to rise, it’s important the money you keep in the bank is earning as much as possible. Our savings account comparison tool can help you find a potentially higher interest rate for your savings.

  • Hire an advisor. A financial advisor can help you create a personalized plan for investing your hard-earned income. SmartAsset’s free tool matches you with up to three vetted financial advisors in your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Questions about our study? Contact press@smartasset.com.

Photo credit: ©iStock/Hispanolistic

The post Fastest-Growing Jobs for College Grads – 2023 Edition appeared first on SmartAsset Blog.

Tuesday, January 3, 2023

10 In-Demand Jobs To Consider in 2023

10 In-Demand Jobs To Consider in 2023


This article originally appeared on GOBankingRates.com10 In-Demand Jobs To Consider in 2023

While unemployment remains low, fears of a recession in 2023, combined with an uncertain economic landscape that could trigger more job layoffs, are on the minds of many Americans.


Indeed, 31% of American employees say they are concerned about their workplace potentially planning budget cuts or layoffs, according to a Dec. 14 Workforce Confidence survey by LinkedIn, as GOBankingRates previously reported.

Yet, the unemployment rate was unchanged at 3.7% in November and has been in the 3.5% to 3.7% range since March, according to the Bureau of Labor Statistics. And for Americans 55 and older, the landscape is even more positive, as the rate is even lower, at 2.5%, AARP reported, which means employers are eager to hire, especially in certain positions.


AARP compiled a list of these roles, based on BLS data and projections for now through 2031, finding that there is “a range of professions suitable to different backgrounds and levels of experience.”

While medical professions show the most growth potential, other professions also look promising.

Here are some of these jobs, according to AARP’s findings:


1. Nurse Practitioner

  • Increase in jobs: 45.7%
  • Average hourly wage: $56.75
  • Increase in jobs: 35.8%
  • Average hourly wage: $52.24

2. Data Scientist

  • Increase in jobs: 35.8%
  • Average hourly wage: $52.24

3. Information Security Analyst

  • Increase in jobs: 34.7%
  • Average hourly wage: $54.46

4. Umpire, Referee or Other Sports Official

  • Increase in jobs: 31.7%
  • Average hourly wage: $24.86

5. Web Developer

  • Increase in jobs: 30.3%
  • Average hourly wage: $38.09

6. Choreographer or Dancer

  • Increase in jobs: 29.7% and 24.5%, respectively
  • Average hourly wage: $19.47 for both

7. Physician Assistant

  • Increase in jobs: 27.6%
  • Average hourly wage: $57.43

8. Home Health Aide

  • Increase in jobs: 25.4%
  • Average hourly wage: $14.07

9. Travel Agent

  • Increase in jobs: 19.7%
  • Average hourly wage: $22.39

10. Animal Care Specialist

  • Increase in jobs: 19.4%
  • Average hourly wage: $14.19
About the Author - Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.


Monday, January 2, 2023

AVOID ONLINE JOB SCAMS


 
AVOID ONLINE JOB SCAMS
Getting jobs for some people is definitely not easy. Many people are looking for an honest way to make money are tempted to try one of the many advertisements on the internet offering easy ways to make money online. Work-at-home opportunities are everywhere. These ads offer easy money working at home and they may look really good for someone who hasn't been able to land a job.

There are perfectly legitimate work-at-home opportunities available on the internet and there are some down right dirty scams that prey on innocent people trying to make money to survive.

Most Common Work at Home Scams


  • Assembly Work: It will cost money to purchase instructions and materials to assemble products for a company. After putting together the products, the company probably won't buy them because it doesn’t meet their standards or reasons.

  • Multi-Level Marketing (MLM): Require you to recruit new people to sell a company’s products or services. The pitch is, every time someone under you makes a sale, you get paid, so the more people you recruit, the more money you can potentially make......or not.

  • Stuffing Envelopes: This scam offers the opportunity to make big money stuffing envelopes. They even offer free supplies. If you apply, you may only wind up receiving offers for you to buy instructions on how to get rich quick posting ads similar to the one you answered.

  • Online Businesses: Scammers claim to show you how to start your own online business and start quickly making money. If you apply you’ll be asked to buy a useless guide to work-at-home jobs.

  • Processing Claims: The pitch is, you can make hundreds of dollars a week by processing claims for insurance companies.

Pay attention to red flags that should alert you to potential scam

  • The email address used looks like a private email rather than a business email using free email services like Hotmail, Yahoo, or Gmail.

  • Any request for a copy of your Social Security number, birth certificate, driver’s license or other identifying documents.

  • A request for you to send money.

You can get more information on avoiding online job scams from the Federal Trade Commission: https://www.consumer.ftc.gov/articles/0243-job-scams


8 TELL-TALE SIGNS OF A JOB SCAM

 

HOW TO AVOID WORK FROM HOME SCAMS (ONLINE SCAMS TO WATCH OUT FOR!)

 


Tuesday, December 27, 2022

Top 10 Recession-Proof Jobs




Originally published at gobankingrates.com

With an uncertain economic landscape, inflation that is still running hot and fear of a recession, it’s no surprise that 31% of American workers express concern about their employers potentially planning budget cuts or layoffs, according to a Dec. 14 Workforce Confidence survey by LinkedIn. But against this backdrop, there are reasons to be optimistic, as some jobs are recession-proof, according to a study.

See: States Whose Economies Are Failing vs. States Whose Economies Are Thriving
Find: 3 Easy Tips To Turn Your Credit Woes into Wows

“Overall, this year’s shocks will re-open economic wounds that were only partially healed post-pandemic. In short, the worst is yet to come and, for many people, 2023 will feel like a recession,” the International Monetary Fund noted in a recent report.

Yet not all is gloom and doom for American workers. Although, as GOBankingRates has reported previously, some jobs are particularly vulnerable to cuts during a recession, there are also so-called “recession-proof” jobs that are likely to keep you employed regardless of what the economy does. A Payscale report describes them as those where “employers are spending more to fill these roles due to labor scarcity and increased competition.”


“The jobs on the list tell a story, with a mix of essential service jobs and office jobs, where the opportunity to continue working remote is also part of what is driving the market,” according to the report.

Payscale compiled a list of the most recession-proof jobs by wage growth. Here are the top 10, along with median employee-reported annual pay and expected job growth:

1. Waiter/Waitress

  • Median pay: $19,900
  • Salary growth: 30%

2. Private Banker

  • Median pay: $93,000
  • Salary growth: 25%

3. Media Director

  • Median pay: $108,000
  • Salary growth: 23%

4. Police, Fire or Ambulance Dispatcher

  • Median pay: $44,500
  • Salary growth: 19%

5. Sales Consultant

  • Median pay: $56,800
  • Salary growth: 18%

6. Microbiologist

  • Median pay: $59,900
  • Salary growth: 16%

7. Marketing and Business Development Director

  • Median pay: $119,000
  • Salary growth: 16%

8. Dock Worker

  • Median pay: $41,100
  • Salary growth: 15%

9. Electrocardiogram Technician

  • Median pay: $40,400
  • Salary growth: 15%
About the Author - Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.

22 Side Gigs That Can Make You Richer Than a Full-Time Job

 


 


Originally published on Go Banking Rates by By 


You might not need a 9-to-5 if you land these high-paying gigs.

Earning extra money on the side can be easy when you know what types of opportunities to look for. Whether you want to pay off student loan debt, start saving for a big-ticket purchase or build up a fund for the future, finding one of the best side jobs out there is a great way to reach your goal.

Some side jobs pay so well that you might even consider giving up your full-time job to have more time to dedicate to these gigs. It’s important to note that some of these jobs might be harder to do during the pandemic but could be ones you look to take on in the future.


Lawn Care Professional

Average Salary: $55/hour

Sign up as a vendor with GreenPal, a lawn care service and app that CEO Bryan Clayton describes as “Uber for lawn care,” and make money mowing lawns. “Many of our lawn care vendors are part-timers — some are firemen, some are teachers that use our app in the summer to make extra money; others are college students that work afternoons and weekends, and it is the perfect way for them to make extra money,” Clayton said. “Our average vendor makes around $55 per hour mowing lawns on our system.”

TaskRabbit

Average Salary: Set your own rate

Become a TaskRabbit and earn money by completing everyday errands and tasks for people in your area. All it takes is a visit to TaskRabbit.com, where you can select tasks you are willing to accomplish. After getting matched with individuals requesting service, you can proceed to doing the job — and getting paid.

When you pick a task, the website will show you hourly rates for the most qualified taskers. You will then be able to set your own price. All jobs require a minimum time commitment of one hour, and payments are made securely online. According to Time’s profile of elite taskers, TaskRabbits have been paid up to $70 an hour to fold shirts, $65 an hour for heavy lifting and $80 for moving services.

Frequent Flyer Specialist

Average Salary: $80 to $150/project

The side gig of frequent flyer specialist is perfect for those who travel often and understand how to maximize frequent flyer miles to receive the best deals. If this sounds like you, consider using your skills to help other travelers plan their itineraries. Experienced frequent flyer specialists can charge clients up to $150 for planning just one itinerary, according to a profile of a frequent flyer specialist on Budgets Are Sexy.

Bookkeeper

Average Salary: $30/hour

With this side gig — which typically pays $30 an hour, according to FlexJobs — your duties can include performing bank reconciliations, payroll needs and creating financial reports. Providing bookkeeping services to more than one company at once can increase your earning potential.

Online Instructor

Average Salary: $30/hour

Share your knowledge with the world — remotely and on your own schedule — by becoming an online instructor. Computer and IT skills courses are especially in demand, according to FlexJobs.

Fashion Consultant

Average Salary: $50 to $500/hour

Fashionistas with an eye for current trends might be able to find side jobs as fashion consultants for high-end shoppers. Some clients are willing to pay top dollar for fashion help and will even ask their personal shoppers to select entire wardrobes for different seasons.

As a fashion consultant, you’ll meet with clients to discover their likes, dislikes, personalities and style goals. According to The Art Career Project, savvy stylers can earn anywhere from $50 to $500 per hour for their work.

Sign Language Interpreter

Average Salary: $30/hour

Licensed sign language interpreters are hired by businesses and other entities to facilitate communication for those who are deaf or hard of hearing. The average pay is $30 an hour, according to FlexJobs.

Curriculum Writer

Average Salary: $50/hour

If you’re a teacher looking to start a side gig outside of the classroom, consider becoming a curriculum writer. These professionals are hired to develop curricula and teaching guides. It’s a gig that can pay $50 per hour, according to FlexJobs.

Education Training Specialist

Average Salary: $34/hour

This gig involves conducting or teaching workshops, seminars or courses, as well as evaluating participants and developing the curricula for what you teach. According to FlexJobs, the average pay is $34 an hour.

Executive Assistant

Average Salary: $38/hour

It’s possible to find executive assistant positions that are remote and part time if you already have a few years of experience under your belt, according to FlexJobs. Duties can include setting up meetings, responding to emails, tracking appointments and more.

Consultant

Average Salary: $100/hour

Turn your area of expertise into extra money in your pocket with consultant work. These professionals are hired by an organization to review its processes and provide advice to improve its performance. According to FlexJobs, IT is a particularly lucrative field for consultants.

Lead Generation Specialist

Average Salary: $30/hour

Companies and business development teams hire these specialists to find, qualify and generate leads. It’s a gig that pays an average of $30 an hour, according to FlexJobs.

NetSuite Administrator

Average Salary: $70/hour

Knowledge of NetSuite — a software program used by companies to manage their business processes in a single system — can prove valuable in terms of side gig potential. NetSuite administrators can perform a number of tasks including creating custom fields, reports and KPIs; developing workflows; and designing and implementing NetSuite solutions. The average pay for this flexible job is $70 per hour, according to FlexJobs.

Project Manager

Average Salary: $65/hour

You don’t need a full-time job to put project management skills to use. Seek out freelance positions that take advantage of these skills, such as overseeing timelines, tracking budgets and coordinating team members. You can make $65 an hour without going into an office every day, according to FlexJobs.

Senior Accountant

Average Salary: $45/hour

Taking accounting gigs can become a major moneymaker. This job will require preparing statements and audits, documenting transactions and performing end-of-month tasks.

To earn the high salary of a senior accountant, you typically need five years of experience, according to FlexJobs.

Social Media Marketing Specialist

Average Salary: $30/hour

Social media has become a powerful selling tool for businesses and brands, and these companies depend on marketing specialists to make sure their social media campaigns are successful. These individuals create campaigns, develop strategies and write social media content.

Software Developer

Average Salary: $55/hour

These developers are responsible for maintaining and updating apps, testing automation design and troubleshooting software issues. This tech side gig pays an average of $55 an hour, according to FlexJobs.

Web Designer

Average Salary: $32/hour

An eye for design and a background in tech come together with this gig. Web designers will generally need knowledge of platforms such as CSS, WordPress or jQuery, according to FlexJobs.

WordPress Developer

Average Salary: $45/hour

Many individuals and businesses use WordPress for their websites, so having a mastery of the platform can make for a high-paying side job. These developers create and edit themes, set up and utilize plugins, and write code. The average pay is $45 an hour, according to FlexJobs.

Disc Jockey

Average Salary: $42/hour

Between corporate events, birthday parties and weddings, it’s possible to find enough side gigs as a DJ to make a good living. Although the average salary is $42 an hour, the top 10% of DJs bring in $123 an hour, according to PayScale.

Online Reseller

Average Salary: $46/hour

Having an eye for a bargain can make you rich as a reseller. Whether your passion is clothes, shoes or something more obscure, selling items for more than what you paid for them on eBay, Craigslist or apps like Poshmark can be a lucrative side gig.

Alexandra Marquez, a thrift store pro who resells the items she finds on Poshmark, told Business Insider that she left her $50,000-a-year corporate job at a marketing company to focus on her reselling business full time. She now makes $5,000 a month.


Autumn Rose contributed to the reporting for this article.

ABOUT THE AUTHOR
Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 

2023's Fastest-Growing U.S. Jobs For College Grads

Patrick Villanova, CEPF®   The U.S. labor market remained strong in 2022, adding another   263,000 jobs in November . But the Bureau of Labo...