Which are the highest paying careers for 2020 to 2028?

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There is no doubt that during and after the COVID-19 pandemic, hundreds of thousands of people will require retraining to re-orientate themselves. The IMF projects that recession may be steep and more of a depression, but many will see this as an opportunity and fight back. The next decade will bring changes to the U.S. workforce and in the projections recently released for the decade between 2018 and 2028 by the Bureau of Labor Statistics show that some careers will not only offer the prospects of employment growth but will continue to be high paying.

Not all the jobs on the list offer six-figure salaries, but medical and tech careers feature high on the list.

Even though jobs in waitressing and teaching will continue to be in demand, these do not pay as well and the article concentrates on those careers that had median earnings of $38,640 and above for 2018.

1.      Information security analysts

The median annual wage of an information security analyst is $98,350 and their number will increase from 112,300 in 2018 to 147,700 in 2028. Responsible for planning and carrying out security measures, they are vital in offering computer networks and systems vital protection from data attacks.

2.      Miscellaneous IT/Computer occupations

This category includes computer occupations like web administrators, geographic information systems specialists, video game designers and software quality assurance engineers and other computer occupations that are not usually classified individually.

With a median annual wage of $90,270 in 2018, there were 412,800 people employed in this general field of computer studies and the requirements are expected to be 455,000 individuals in this workforce within the decade.

3.      Systems software developers

People who have a degree in computer science or software engineering have the math and physics requirements for computer software. Applicants for graduate schools, employers and certification boards are usually required to hold degrees from programs accredited by ABET, Inc.

The projected number of jobs for 2028 will be 463,900 compared to 421,300 in 2018. Software systems developers were earning an average wage of $110,000 in 2018.

4.      Physical therapists

Many conditions require physical therapists and there is growing need among patients with physical disabilities, the prevention of disabilities and pain reducing therapies. The demand for physical therapists is projected to grow by 54,200 jobs. Physical therapists require a Doctor of Physical Therapy degree and pass a state license exam and earned a median annual wage of $87,930 in 2018.

5.      Business operations specialists

This job description includes energy auditors, security management specialists and sustainability specialists in miscellaneous sales occupations.  With a median salary of $70,530 in 2018, the number of jobs in these fields will increase by 71,300.

6.      Lawyers

The demand for lawyers will increase by 50,100 jobs in a career field that offered a median wage of $120,910 in 2018. This is because the demand for legal work continues to grow at all levels of government, and among individuals and businesses. It is expected that legal firms will still be the largest employers of lawyers, and corporations will also in-crease their in-house legal teams to avoid the high costs of hiring outside counsel.

7.      Accountants and auditors

There were 1,424,000 jobs in 2018 and these numbers will increase by 90,700 in 2028. The median average salary of accountants and auditors is $70,500 annually. Their contribution helps organizations to draw up accurate financial statements, assess financial operations and recommend best practices, and to comply with all the laws and regulations. Accounting and auditing jobs are available in all industries, including government, and many opt to set up their own practices. Accountants require at least a Bachelor’s Degree in Accounting, but many employers also look for a Master’s degree in Business Administration or Accounting. Accountants and auditors also require CPA or CIA certifications.

8.      Financial Managers

Financial reports, direct investment activities and the development of long-term financial goals and strategies are the realm of financial managers and there is expected to be an increase of 104,700 jobs in the period up to 2028. These highly qualified individuals were earning an average of $127,990 in 2018.

9.      Applications software developers

With an increase of 241,500 jobs in the 10-year period, these software designers can create much needed programs for business, governments, health, and entertainment. Typically, they have a Bachelor’s Degree in Computer Science and a Master’s, but some have only on the job experience.

10. Registered nurses

The number of jobs for registered nurses will increase by 371,500 to 3,431,300 placements by 2028. This is the largest increase of all careers. With a median wage of $721,730 RNs are required to have at least an Associate Degree or a Bachelor’s Degree in Nursing.

Final scoop:

The challenge with retraining is not merely to understand your vocational interest, but to know that many careers such as IT, are easier to retrain for as opposed to medical where less flexibility exist in education schedules and the levels of supervision required. Medical also carries a much higher cost implication – which is prohibitive to large parts of the global population.