Friend Circle

Saturday, February 25, 2006

Job outlook

Fast Company surveys the job outlook for the next 5 years. The data for the survey comes from Bureau of Labor Statistics and the work of Dr. Kevin Stolarick, a lecturer at Carnegie Mellon University. The professions are weighed in the following 4 categories:
  • Job growth
  • Education level
  • Salary growth
  • Room for innovation
Higher the number, the better the profession in that category. The indices are relative meaning it does not account for the baseline. For example, the salary growth for a chiropractor is better than a software engineer but does that mean they get paid better? I don't think so because that's the growth. It does not account for the starting salary. Although it's likely that the former would take over the latter if the growth can be sustained for sufficiently long period of time.

Here is a couple of interesting questions:
  • What are your primary considerations when you think about your job? Money? Security? Type of work? Room for professional growth?
  • If your child were to ask you for your opinion on the career to choose? What would be your advice?
Over to you guys.

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