Lately the word recession seems to be on everyone’s mind but only half of the people thinking about it will come out and say the word. I’m not sure if this is because they don’t want to acknowledge that the economy is starting to go south or that they don’t know what a recession is. Either way its good to know what is going on and what you can do to help ease the burden on your family.
When I first started college in 1999 jobs were a flowing in every sector. Technology jobs were the “it” career to have and at LSU if you could snag a job with Enron you were set -$10k sign on bonuses and starting salaries of $60k – what more could you want. Well like most good things, the technology bubble burst in the early 2000’s and I vowed after that pitiful job market to make sure I got a Master’s in a field that isn’t impacted too greatly by fads or the economy.
So if you are in college or heading to college what are some “recession-proof” jobs that you might want to look into:
- Teaching – children will always need to learn
- Accounting – in down times there is an even greater demand for accountants
- Medical fields – with the aging baby boomers medical professionals will be in high demand – think nurses, doctors, clinical laboratory service workers, dentists
- Bankers – in troubled times people will need to save money and borrow money
These are just a few of the professions out there that don’t tend to be as impacted by the economy unlike sales/marketing, construction, and the arts. The most important thing though is to find a job you will enjoy doing at a decent wage. The economy operates in cycles so hopefully this cycle won’t last too long.
