One factor to consider before choosing a professional career degree is its job outlook and demand. Today, the Fourth Industrial Revolution, as the World Economic Forum calls it, is determining new projections in the labor field between now and 2022.
The latest Global Risk Report issued by the International Economic Forum forecasts that 80 million jobs could disappear by 2022. This includes jobs in accounting, secretarial work, assembly plants, customer management centers, telemarketing, and more.
On the other hand, researchers believe that 150 million jobs will be created in fields such as data processing, AI development, software, robotics, and marketing. In addition, companies will seek more developers and specialists in new technologies.
The concrete repercussions for professionals are yet to be understood, but researchers at the International Economic Forum estimate that there’ll be a huge disruption in the global work industry.
All future professionals should consider careers focused on new information technology (IT), computer science, and digital marketing. People can also complement their professions with specializations or online bootcamps that keep their skills up-to-date with the market’s latest trends.
An Evolving Field
With the rise of technology comes an ever-evolving marketplace full of innovation. According to the Bureau of Labor Statistics (BLS), the job outlook for software developers is around 22 percent from 2020 to 2030, which is faster than the national average. Furthermore, it’s expected that there’ll be 189,200 new jobs being created each year, over the course of the decade
As the race to produce faster, superior, and better products continues, companies worldwide are under pressure to provide constant training to their IT and computer science teams. This consistent training keeps their employees up to date on new IT practices which are unique compared to other industries.
Technology Will Always Lead Us to the Future
The tech industry is growing rapidly. According to the IDB, America will need 1.2 million developers by 2050 due to users’ evolving needs. Companies are committed to adapting to these needs by implementing digital tools to facilitate user experience. More professionals are trained in technology, programming, and UX design.
Technology will become further integrated with other industries. Sectors like healthcare, finance, and hospitality are seeing heavy investment in new tech. These industries will see a spike in demand for various tech professionals.
According to Deloitte’s Millennial Survey, the millennial generation of workers will represent 75% of the workforce by 2025. Having grown up in a digital world, millennials are the first generation to have free and easy access to technology. This allows them to work effortlessly from anywhere. As long as they have access to the Internet, they’re free to work wherever they want.
The generational transition is changing the traditional work schedule. This is called flexitime, where professionals can work remotely and create their own hours. It’ll give people more flexibility and drastically improve their work-life balance.
Remote work will become prevalent throughout the tech industry. These flexible working hours can significantly aid people in achieving their desired work-life balance.
Lucrative Job Opportunities
The shortage of highly qualified candidates leads to greater upward mobility and growth opportunities in the technology sector. In addition, the average starting salary of a software developer is considerably higher than that of other professionals.
The average salary of a software developer depends on the location of your work. According to Zippia, software developers in Washington have an average salary of $117,619 while in South Dakota the compensation only reaches about $70,224. A high-paying job is a crucial component when looking for a career, exploring careers in tech may be the best option.
If all of this sounds appealing to you and aligns with what you want in a career, learning the skills to create such a lifestyle is obtainable and highly achievable, even as an absolute beginner.
As mentioned above, coding bootcamps are short-term classes that provide students with practical skills to become job-ready individuals in the tech industry. Coding bootcamps like Coding Dojo and Bloom Institue of Technology teach people the technical skills necessary to launch a career in tech.
A career in tech can provide lucrative pay and meaningful work. If you’re looking for better career options, work-life balance, and flexibility, then a tech career is best suited for you. It’s an ever-evolving field that pushes innovation and solutions to bring forth an improvement in the quality of life of everyone.