Job Growth Projections
According to this Bloomberg article, the Healthcare and Renewable Energy industries are projected to have the largest employment growth over the next ten years.
Occupations in the healthcare industry are abundant in the list of 25 occupations projected to have the largest job growth. However, wind turbine service technicians are expected to see a 108% increase in employment, which tops the list.
What I noticed is that no finance-related careers made the list (unless you count statisticians as finance-related). Are employment opportunities in the finance industry becoming stagnant?
What are your thoughts on the fact that there were no finance-related occupations on that list? What finance careers do you think will see employment growth in the next couple of years? What finance careers will face unemployment over the next couple of years? Any other fields/industries/occupations that you think will see a spike in job growth?
Don't have it on me, but I made a spreadsheet and went through these BLS stats a couple of months ago bored at work. If you filter by high-paying jobs and subtract healthcare, a good number of the high-growth high-pay fields actually are finance and IT. Our skillsets will still be valuable in the future if these projections pan out.
If you have an interest in healthcare then by all means go for it but don't try to force yourself to do something in which you have no interest.
There's also of course the intersection of the fields eg healthcare banking, actuarial science, FP&A at a healthcare firm, etc.
healthcare IB = perfect sweet spot
Well the fastest growing alternative asset class is/will probably be Private Equity. It's more attractive to investors than HFs. If PE funds become accessible to individual non-accredited investors, assets are going to pour in. Though, idk if there will be enuff deals to sustain growth in assets
Which is really a catch-22 because more capital chasing the same number of deals drives valuation up and returns down, thus hurting the future prospects of private equity.
hm that theoretically would happen...
I think that more capital will start moving into illiquid investing opportunities, not necessarily just PE. Was reading on Bloomberg about a shop that focuses on esoteric assets that algos can't assess.
healthcare PE = perfect sweet spot ?
Are Quantitative Analysts In Higher Demand Than Other Finance Roles? (Originally Posted: 12/15/2017)
It has come to my attention that most funds & banks are starting to hire more Quants (old news, I know). It seems as though there is less supply too since strong quant skills are hard enough to find in US that firms hire plenty of people from Asia.
What do you guys think? It is clear competition is fierce for any finance job an investment bank but maybe the engineering, physics, etc. ug people seeking ib or trading should consider being a quant too?
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