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After donning a cap and gown, and walking across the stage, and receiving the degree that they’ve pulled several all-nighters for, most college graduates find themselves without as many employment options and opportunities as they expected. But, according to a recent report from Forbes, it might be the major of choice that determines career success.
With the increase of unemployment and the looming financial recession, Sageworks, a leader in financial analysis, has discovered that there are five undergraduate majors that are “most likely to lead to jobs – their respective industries are experiencing significant growth.” Basing their results strictly on industry trends, Sageworks has determined that the five best majors are education, biology and biological sciences, computer and information systems, communications, and the health industry with a concentration specifically in nursing.
Even though the United States is facing financial hardships, these five respective industries have job markets with higher net profit margins, which likely lead to a higher possibility of adding employees. This allows students who majored in these fields to secure employment more quickly than their peers.
According to the findings, education, particularly focused in technical and trade schools, had the larger sales percentage change with 17 percent while nursing was last on the Sageworks list with a 5 percent sales change in the nursing care facilities industry. Majoring in Biology and entering into Scientific Research and Development Services has a 16 percent sales change while a major in Computer and Information services and entering into the software publishing sector has a 8 percent sales change and majoring in Communications Studies and entering into the Advertising and Related Services industry had a 7 percent sales change.
According to Forbes, most of the included majors and industries were not surprising due to the needs of the population and the economy. “Given our aging population and focus on good health, health and medicine will always yield jobs, and advancing technology and infrastructure requirements ensure there will always be a need for computer and information systems experts.” Education was a welcomed surprise to the findings, but with technical and trade schools experiencing 17 percent growth in 2010, teaching in these fields almost guarantees employment for education majors.
Students should still be encouraged to follow their own paths and find their passion as well. . You don’t have to major or enter into these five industries to be successful or guarantee employment. Sageworks also determined that 90 percent of companies in the private sector had sales growth in 2010 as well.