While we haven’t officially in a recession, we’re still standing on pretty shaky economic ground. As such, I thought I’d post a recent list of the best careers to have in a recession from Money Magazine. In general terms, this list reflects the careers with the best combination of pay and expected growth rate over the next decade.
1. Financial adviser - 47% growth rate - $74,000 median income
2. Software program manager - 29% growth rate - $103,000 median income
3. Database administrator - 29% growth rate - $77,000 median income
4. Physical therapist - 27% growth rate - $67,000 median income
5. Physician’s assistant - 25% growth rate - $84,000 median income
6. Environmental specialist - 25% growth rate - $53,000 median income
7. Hydrologist - 24% growth rate - $59,600 median income
8. College professor - 23% growth rate - $79,000 median income
9. Certified public accountant - 18% growth rate - $64,000 median income
10. Teacher - 12% growth rate - $48,000 median income
Looking at the list, it’s largely comprised of white collar service-type postitions, presumably in response to a growing (and aging) population. Honestly, I was a bit surprised that there weren’t more medical professions on the list — what about doctors and/or registered nurses? I would think that those that specialize in non-elective procedures would fare quite well in an economic downturn. Yes, they’re getting squeezed by insurance companies, but people aren’t going to stop needing medical care.
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