Top 10 best paying jobs of 2020

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What will be the best paying job in the future? 

Best paying jobs and better careers are a few questions that run through the mind of college admission seeking students. They need to trustworthy career advice to select the stream of education they should get into to be future ready.

Technologist keeps working on bringing the new technology to the world. On one side these solutions make human life easier, but they come with a cost. Technological automation has always taken people's jobs. It is important to know the latest market trends and upgrade your skills to stay marketable.

Reports and Research’s

Devin Fidler, research director at “Institute for the Future” says that “There are some overarching shifts poised to change the nature of work itself over the next decade". Predicting the best paying jobs future is just impossible. But a conscious tap on shifts in trends is highly important, especially when we are making decisions about our careers.

According to a report "The future of jobs" published by World Economic Forum 7.1 million people will lose their jobs by 2020 because of the technological advancements. Most of these jobs will be white collar jobs in management and administration. Alarming?

Well, the good news is that a report, "Labor force projection 2020", published by the US Bureau of Labor Statistics predicts that there will be an increment of 20.5 million jobs by 2020.

The reports say that personal and health care aides will accelerate at a pace of 70% growth. Does this mean that the next decade will be a decade of Healthcare domain?

A detailed study of this report says that more than 50% of total growth in 2020 is estimated to happen in a few sectors like healthcare, construction, business and professional services and social assistance. For all those who are currently trying to find the best paying jobs destination industry vertical to start their career with, this information is worth noting.

The research concludes top future careers in 2020

Data Scientist

Companies have collected tons of data, but there is a huge crunch of people who can interpret and analyze that data. These are the people who dive into the pile of data and with their analysis, they bring up value to businesses and clients. Today is the age of data and the future is all about information. Every company strives to know better about buyers and consumers. They need people to analyze the data that they collect over a period of time. Opportunities in data analysis will create top best paying jobs of the future.

Medical Therapist

People are no more keeping the mental health at a back seat to physical health. People have understood that their mental health is the key to their successful and meaningful life. According to the Bureau of Labor Statistics (BLS), the demand for marriage and family therapists will grow by over 40% through 2020

Information Technology

As the technology keeps evolving the need of skilled computer experts keeps growing. The web and mobile app development have become one of the most demanding skills. Every network needs to become faster and secure. A career in web development and networking is going to be highly rewarding in the coming future.

Market Research Analyst/Marketing Specialist

Any new development needs a lot of research and innovation. As the world strives for better technological solutions, research and analysis are going to be in continued demand.

Veterinarians

The U.S. Bureau of Labor Statistics predicts around 35% increase in the demand for veterinarians. Needless to say, that desire and demand for pets are becoming impossible to satisfy. This rise in the demand for pets will increase the demand for veterinary services.

Healthcare and Medicine

More the population simply means more people, which in turn means more people needing personal and medical aids. Healthcare will remain a no-recession business for the future with increased career opportunities. 

Environmental Science

Natural resources are in a decline. With population increasing rapidly, it becomes important to find methods and ways to maximize the available limited natural resources. We need new technology solutions to conserve energy, water conservation, control pollution, improve agricultural yields, and reduce global warming. The demand of environmental scientists will continue to increase.

Finance and Investments

Increased globalization is enabling people to earn from multiple sources and from multiple locations. This has made money management complex than ever and increases the demand for CFO's, tax auditors, and financial planners. The world has seen a lot of financial crisis between 2008 and 2009 and numerous students started seeking employment elsewhere, which brings a shortage of skilled professionals in this sector.

Business Managers

Managers are expected to be dynamic and with the ability to adapt and change quickly. Gone are the days when managerial skills were limited to basic finance and management in a single location. With ever evolving technology, the internet, social media and new communication methods, managers are expected to learn new things quickly and use it to benefit the organization. Business Managers, HR professionals, Benefit administrators, and Event Planners shall be in huge demand.

Technology Startups

The world has already seen the boom in the start-up world. Technology startups will continue to innovate technology solutions and services that will solve consumer problems. This innovation will bring enormous growth to the startup world. Traditional businesses such as used-car sales, beauty salons, pet grooming etc. which are able to provide better and cost effective services to the customer will be hugely benefited.

While there will be 20 million new jobs getting created, there will be around 30 million people retiring, which will lead to jobs for fresh graduates.

I hope this information on the skill demand in the next few years will help leaders and parents when they are directing children for their career.