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10 Jobs That Are Still In High Demand This Year & Beyond
It's great to be a realist during pandemic times, but there are also reasons to be optimistic when it comes to considering the jobs front this year. Last year dealt many of us a wicked blow to our pockets and our careers, but experts are reporting that though there's been a "short-term jump" in unemployment, the outlook is set to improve by the end of the year. Though some positions are not set to come back after cuts, according to the Bureau of Labor Statistics, there are still some jobs in high demand this year and into the future.
If you're looking to change careers, upgrade your chance for job success, or take the next step to advance in your industry, check out these options:
1. Industrial Engineers
At least 30,000 new positions are set to open by 2029, and the median annual income is more than $88,000. Typically, a bachelor's degree is required and you'll have to be into ensuring efficiency in systems that affect mechanics, materials, information and energy.
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2. Human Resource Specialists
This job has a median salary of more than $61,000 per year, and it involves talent acquisition, management and training. If you have a passion for putting the right people in the right roles, cultivating (and enforcing) workplace practices that create cultures that retain the best of the best, and ensuring professionals are able to thrive, this is for you. A bachelor's degree is required.
3. Marketing Managers
You can earn more than $135,000 per year with this job, and the growth is faster than average. A four-year degree in advertising, marketing, or other related media studies is required, and you'll need to be passionate about how audiences consume media, buy into concepts, or get into products and services in order to tap in and be successful working for a brand.
4. Computer Support Professionals
With an annual salary of more than $54,700, this job is one where you are responsible for providing aid to individual computer users and companies to troubleshoot issues, train, or implement new protocols or policies. Some jobs require a bachelor's degree, while others will let you in the door with an associates or other professional certificates.
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5. Licensed Practical and Vocational Nurses (LPNs and LVNs)
The Bureau reports that healthcare industry occupations make up 13 of the 30 fastest growing jobs from 2019 to 2029, and the demand for healthcare services by aging baby boomers as well as people with chronic illnesses will drive the projected employment growth. With that said, LPNs and LVNs are in demand and can earn at least $47,000 per year. You can complete a one-year, state-approved program and then go for your licensure credentials to be qualified for this job. (Registered nurses are required to have at least a two-year degree, and those with bachelor's degrees command salaries of more than $73,000 per year. If you want to get your foot in the door and are not interested in the increased RN responsibilities or education requirements to become an RN, this is a great route for you.)
6. Speech Pathologists
You can earn at least $79,000 a year as a speech pathologist, and you'd be assessing, diagnosing and treating communication and swallowing disorders. A master's degree is typically required for this job, and the prospects for openings are expected to grow a whopping 25% (well above average) due to the growth of the baby boomer generation that are susceptible to issues such as strokes that cause communication and eating challenges.
7. Industrial Machine Mechanics
You can make about $52,000 per year as an industrial machine mechanic, and ladies, don't sleep on this. If you like working with your hands, fixing issues with machinery or equipment, or even have a knack with mechanics and systems, this might be a good fit for you. A high school diploma is the minimum requirement and the outlook for openings is at a 13% growth rate (which is above average.)
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8. Information Security Analysts
Cybersecurity is huge in terms of highly emerging industries, especially with many elements of business and everyday life going 100% digital or virtual. This job involves implementing, managing, and monitoring security measures to protect a company or organization's computer systems and sensitive information, and the outlook for growth is at 31%. You can make more than $99,000 per year in median salary with a bachelor's degree.
9. Specialized Health Industry Instructors
Depending on the level of education in which you teach, you can make from $43,000 to more than $160,000 in median yearly salary as a specialized health industry instructor. Specifically, those who specialize in areas such as dentistry, lab technology, medicine, or pharmacy are in high demand, and you'll need at least a Ph.D. for the post-secondary positions with higher salaries that are set to see growth this year.
10. Financial Managers
These professionals work in a variety of industries, from banking to tech to healthcare, and they can earn a median annual salary of more than $129,000 per year. The job requires a bachelor's degree along with at least 5 years of experience and professionals who enjoy this are into creating financial reports, managing funds, building lucrative portfolios, or helping individuals or groups reach their personal finance goals.
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In today’s economy, we’re always looking for ways to stretch every dollar. However, the allure of new gadgets, trendy clothes, and the latest dining spots can often lead to impulsive spending. An iced latte here and an Uber Eats delivery there, topped off by a spontaneous online order can add up over time.
For those seeking to curb frivolous expenses and adopt a more mindful approach to their finances, participating in a no-spend month could be the solution to gaining control over their spending.
What is the No-Spend Challenge?
The no-spend challenge is a personal finance exercise where individuals commit to not spending money on non-essential items for a specific period. This could mean cutting off a subscription service, limiting your nights out for drinks, pulling back on online shopping, and holding off on big, spontaneous purchases to see how much you’d save over the month. The challenge encourages participants to evaluate their spending habits, identify areas of unnecessary expenditure, and redirect their financial focus toward savings and debt reduction.
This spending requires one to differentiate between needs and wants, with the base necessities being food, transportation, housing, essential bills, and medical/mental health expenses.
Preparing for a No-Spend Challenge
When embarking on a no-spend month, proper preparation is key to ensure you make the most out of the experience.
Financial expert and founder of The Frugal Feminista, Kara Stephens, says that having a compelling “why” can serve as a motivator to endure the ups and downs of the challenge, especially if it's your first time. “Have a clear idea of what your goals and outcomes are for the challenge. Do you want to be grateful for what you have? Do you want to save a certain amount of money?” she tells xoNecole. “Know what's going to be your ‘after-no-spend challenge' sustainability plan because we're hoping that your habits and your perspective on spending are changing and that you find a way to make that a part of your life after the challenge.”
One of the initial catalysts for the recent popularity of the no-spend challenge is to combat “revenge spending.” This spending habit, triggered by the “life is short” reality of the pandemic, has caused many of us to want to make up for lost time or missed experiences, which can lead to reckless financial decisions and jeopardize future stability.
Because of this, Stephen advises us to reframe our thinking around revenge spending to avoid putting our financial future at risk.
“Try and shift your perspective on revenge spending and say, yes, I want to live my best life, but how can I spend it responsibly?” she says. “How can I revenge spend on a budget? How can I remove the idea of revenge spending from my lexicon and just live well and plan systematically so it doesn't take away from my future financial goals?”
Benefits of A No-Spend Month
Taking part in a no-spend month has a number of benefits, one of which is the self-awareness and gratitude you gain by cutting out non-essential purchases. “You’re more financially self-aware because you're only thinking about what you deem as essentials,” Stephens says. “It can also make you more resourceful because you have to use what you have in your home, rather than going out and shopping.”
Those who take part in the challenge often find they become more intentional with their purchases, distinguishing between what they truly need and what they can do without. The money saved over this course of time can then be redirected towards paying off debt, building an emergency fund, or being put into a sinking fund.
Due to the rigid nature of the challenge, Stephens says that it’s important to have a sustainable framework to follow the no-spend challenge to avoid reverting to old habits. “It can be like "yo-yo dieting,” she explains. “If you were very strict for a certain period, but didn’t create any type of habit or change of mind to continue with it, you could resort back to revenge spending, ironically.”
Things to Keep In Mind
While it may seem like just another financial trend, taking part in a no-spend month can provide precious data about not just how much money you spend but also your mindset and relationship around money. You can observe how your feelings about money change and highlight areas of improvement. Alternatively, you can even start a sinking fund that allows you to put money aside for large purchases or personal experiences.
Ultimately, it’s not that spending money is bad, it’s about how you approach spending in a responsible way that ensures your financial security and success in the long run.
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