Career Research 1.1.2

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1 Career Research Family Economics and Financial Education Take Charge of Your Finances

2 Making an informed Career Decision Includes a self evaluation of interests Making future career projections Selecting personal goals Goals are the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future Short-term goals are accomplished within one year Long-term goals are accomplished in more then one year Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 2

3 Career vs. Job What is the difference between a job and a career? Career Job A commitment to a profession which requires continued training and offers a clear path for occupational growth Example: Educator An employment position obtained mainly to earn money Example: Gas Station Attendant Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 3

4 Job Opportunities Pick a career path with job opportunities in the future Three main factors influencing future job opportunities 1. Population 2. Labor force 3. Demand for goods and services Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 4

5 Factors Population affects the size of the labor force Affects the quantity of goods produced Demand for goods and services determines employment within industries Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 5

6 Resources Bureau of Labor Statistics Occupational Outlook Handbook For hundreds of different jobs the handbook tells you: The training and education needed Earnings Expected job prospects What workers do on the job Working conditions Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 6

7 Education training Professional degrees Take the longest amount of time and varies depending on the profession Doctorate degrees 4-6 years beyond undergraduate degrees in college Masters degree 2 years beyond undergraduate degrees in college Bachelors degree 4 years beyond high school Associates degree 2 years beyond high school Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 7

8 Largest Numerical Increases in Occupations G1 Professional Degrees Optometrists Physicians and surgeons Lawyers Pharmacists Chiropractors Doctorate Degree Postsecondary teachers Computer and information scientists, research Chemistry and biophysics Pharmacists Clinical, counseling Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005 Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 8

9 Largest Numerical Increases in Occupations G1 Master s Degrees Physical therapist Educational, vocational and school counselors Substance abuse counselor Occupational therapy Bachelor s Degree School teachers Accountant and auditors Computer software engineers Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005 Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 9

10 Largest Numerical Increases in Occupations G1 Associate s Degrees Dental hygienists Physical therapy assistant Paralegals and legal assistants Post Secondary Vocational Award Nursing aids and orderlies Hairdresser and cosmetologists Emergency medical technicians Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005 Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 10

11 Largest Numerical Increases in Occupations G1 Work experience in related occupations Gaming managers Construction and building inspectors First line supervisors/ managers (food, retail) Long Term Onthe-Job Training (more than 12 months) Carpenters Cooks Electricians Fire fighting Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005 Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 11

12 Largest Numerical Increases in Occupations G1 Moderate Term On-the Job Training (1 to 12 months) Truck drivers Dental assistants Medical assistants Customer service representatives Short Term On-the-Job Training (0 to 1 month) Retail salesperson Waiters and waitresses Home health aides Personal and home care aides Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005 Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 12

13 Fact Among the 20 fastest growing occupations, a bachelor s or associate degree is the most significant source of postsecondary education or training for 12 of them! Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 13

14 Healthcare occupations comprise 12 of the 20 fastest growing occupations Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005

15 Computer occupations account for 5 out of the 20 fastest growing occupations Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005

16 Occupations projected to Grow Fastest, In groups of 2-3 hypothesize why health care positions and computer/technology positions are growing so fast These combined jobs will add more than 1.8 million new jobs Source: Bureau of Labor Statistics Occupational Handbook Tomorrow s Jobs December 2005

17 Increases in employment: health education, sales, transportation, office and administrative support, and food service

18 Job Declines projected Declining occupational employment stems from: declining industry employment technological advancements changes in business practices The majority of declines are office and administrative support and production occupations Increasing plant and factory automation Implementation of office technology

19 Job Declines in Occupations with the largest numerical decreases in Employment, projected G1

20 Researching a Career Questions that you should ask: Are there opportunities for advancement? What are the educational requirements? Does it pay enough? What are the working conditions? Family Economics & Financial Education Revised April 2008 Career Development Unit Career Research Slide 20