Best College Majors for Hottest Careers in 2020 and Beyond

Are you a college student unsure which major to specialize? Some of the factors to consider when deciding college majors is hiring prospect and pay. Some courses of study offer fat paychecks upon landing your maiden job. While some careers become financially rewarding as you progress along career path. Empirical studies show that college degree offers opportunities in financially rewarding careers. With Bachelors degree holders earning 79 percent more than high school diploma graduates. Therefore, just being in college offers you a grim of hope for a better salary. But do you know that different college degrees offer different pay packages upon employment? Careers are fluid, and what used to be hot may not necessary entice the labor market 10 years from now. Similarly what was the hottest career in 2015 may lose its luster in 2020. Future pay is determined by multiplicity of factors; economic, social, political and environmental. In our blog Best college majors for hottest careers in 2020 and beyond, we will highlight jobs with the highest pay and career prospect now and in the near future.

Recent US jobs data reveal that the job market is on a steady rise. According to data from Economic Modeling Specialist Firm as at February 2016 unemployment was slightly below 5%. The market research firm noted that US companies, in the last 3 month, on average had recruited 284,000 employees. Though the numbers are encouraging to college graduates, the reported growth is not being felt across all the industries. Some industries are experiencing rapid growth, absorbing more graduates and offering better pay. Before you choose your college major, it is advisable to understand the labor market trends, future prospects in different industries and your skills and talents. Best college majors for hottest careers in 2020 and beyond will seek to offer the former. Together with knowing your skills and talents you will be set for a fruitful career.

Best College Majors for Hottest Careers in 2020 and Beyond in the USA

There are numerous labor market research websites and publication offering this vital information. For those undecided on their college majors, the US News & World Report listed 100 Best Jobs of 2016 will offer a good beginning. The list includes careers that offer good remuneration, employment opportunity, job security and satisfying work/life balance. If you are studying technical subjects such as information systems, data science or software engineering you need to check 10 toughest jobs to fill for 2016 published by Forbes. The list includes jobs that are in high demand for top candidates. These careers offer excellent compensation, less competition and high market demand. Finance, banking and economics students or those inclined to work in Wall Street need to check out a publication by Bloomberg Business. Though in 2015 Wall Street dominated headlines with unpleasant news including job cuts and shrinking bonus, some pockets of opportunities were created. Falling oil prices, Fed rate hike and collapse in junk rated bonds are some of the factors that has spurred employment opportunities.  You can read Wall Street’s Most in Demand Jobs for 2016 to check what once booming industry has to offer.

Best college majors you need to study now and beyond

Best jobs offer excellent remuneration, match our abilities and talents, offer career advancement opportunities, experience high demand and hold bright future employment prospects. Not forgetting they are enjoyable, poses little stress and provides balanced work-life. Best college majors for hottest careers in 2020 and beyond present college students with a list of careers that offer this mix of attributes. It is a must read to students who are undecided on what courses to study in college. For those who wish to change careers, this information armory will offer you the needed ammunition to jump start your new career life.

Nursing

Are you compassionate and caring person with strong inclination to medicine related courses? Then you need to consider nursing as a career. Demand for nurses is expected to rise like other health care professionals. With an aging population, increased cases of lifestyle diseases and number of insured people, future outlook for registered nurses and practitioners cannot look any better.

To become a registered nurse, nursing students are required to study chemistry, anatomy, microbiology, biochemistry and nutrition among other science courses. In addition to taking supervised clinical experiences in surgery, psychiatry and pediatrics. Right out of college you expect to earn $56,9000 to $71,650. With such pay, it is worth burning the midnight oil and staying up all night writing nursing assignments and research papers. Visit our website to learn more how you can improve your grades with our nursing writing services online

Actuarial mathematics

This relatively new field deals with calculation and analyzing cost of risk and uncertainty. These mathematics geniuses are in high demand, and you will find them working in insurance, pension and finance industries. Bright future outlook is begged on increased need for their services necessitated by increased financial regulations and new healthcare laws. You will need high mathematical aptitude and advanced business skills to practice this exciting career. Expect to take advanced courses in calculus, economics, probability and statistics, risk theory, financial mathematics among other highly numerate courses. If mathematics teacher is not your favorite, stay away from this course.

To become a certified actuary you will be required to sit for SOA, CERA or FIA exams and CPDs. Going by the latest compensation report the many sleepless nights you will spend studying for this degree will be well compensated. Entry level actuaries earn $100,000 while the more experienced take home $150,000 per year. This number crunching field is one of the highest paying careers in the world. We expect better prospects as demand for actuaries grow to other non-traditional areas such as healthcare and manufacturing. The recent Global Financial Crisis has created demand for actuaries due to their skills in analyzing and managing risks.

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Civil engineering

Careers in engineering offer well paying jobs. For example petroleum engineering, which was not included in the list, is among the top earning field in the world. We exempted this field from our list due to the small size of the job market- with less than 39,000 engineers in the USA- and dwindling fortunes in the oil industry. Civil engineers, though, face positive prospects given nature of work. As more countries expand their infrastructure, we expect high demand for civil engineering professionals. Civil engineers design and supervise complex construction works that include road and rail networks, sewer systems, and airports among other large projects.

You need to be gifted in mathematics and physics to tackle this tough field. Among the subjects you will be required to study include geography, thermodynamics, structural analysis, fluid mechanics, engineering mathematics and statics. Most of the assignments are group projects and field work. Entry level salary starts at $75,000 and can peak at $100,000 for the more experienced civil engineers.

Finance

The recent global financial crisis resulted to most Americans developing distrust of financial professionals. However, most college students would not mind occupying Wall Street jobs despite societal apathy. Demand for finance professionals is expected to grow steadily driven by new products, complex investment portfolios and financial regulations. Compensation package is not expected to lag behind as entry level salary will peak at $78,000 per year. With managers and C-suite executives expected to earn north of $160,000 without bonus.

We expect fastest growth in job and salary to occur for personal financial advisers as top banks scale down on trading business. Other areas expected to grow include oil and gas bankers and restructuring bankers. The demand will be fueled by rising debts, plunging oil prices, Fed rate hikes and widening spread on high yield bonds.

College students interested in a job in Wall Street need to study economics, statistics, financial markets and calculus, besides taking units in accounting, investments and management.

List of the best college majors for hottest careers in 2020 and beyond

The list include: computer science, management information systems, software engineering, economics, statistics, civil engineering, nursing, finance and actuarial mathematics, GIS