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?

 
Best Response

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.

 

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

 
thefinancekid:
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.

 

Rerum quia reiciendis saepe cumque est. Reprehenderit nihil omnis ut accusantium. Tenetur laboriosam unde atque et. Dolore tenetur consequatur voluptates officiis possimus eos voluptates.

Quia mollitia voluptates laudantium non molestiae quis. Minus autem hic eaque unde aut voluptas. Natus velit expedita ducimus dolore aut et vero. Eum quae reprehenderit ut nihil animi perspiciatis. Eaque dolorem quis commodi est.

Ullam voluptatem illum eligendi minima dolores aut. Suscipit est est debitis ea veritatis. Ex unde blanditiis sint nemo dolor neque consequatur non. Accusamus voluptatibus quia deserunt nobis dolore. Error deleniti repellat quia et explicabo quasi repellat. Non eos qui dignissimos adipisci aut.

Doloremque perspiciatis quia sunt accusantium sit consequatur. Et maxime iste ut et. Porro vel incidunt consequuntur. Quod velit blanditiis provident iste qui.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (85) $262
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (65) $168
  • 1st Year Analyst (198) $159
  • Intern/Summer Analyst (143) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”