Millennials have it bad, and that isn’t good. Since the economic downturn a few years ago, the millennial generation has been forced to overcome a number of obstacles in the labor market. A double-digit youth unemployment rate, low-paying jobs and positions that do not require a college degree.
Experts regularly aver that the main problem that millennials face in the labor market is a lack of skills. The common argument is that millennials spent four years getting degrees in medieval history, gender studies and 16th century literature instead of getting into any of the STEM fields.
Taking a look at a new report that looks at the most lucrative jobs for millennials today, perhaps the argument is correct. A lot of jobs today are in the sciences, technologies, engineering and mathematics rather than in social work or arts. Millennials may not be depicted as the greatest generation, but rather a generation that failed to adapt to the market.
Like in any economic model, the employment field is a matter of supply and demand. Right now, there is a low supply of STEM candidates, but there’s a huge demand. This in turn creates high salaries. For instance, Uber recently lured Carnegie Mellon robotics engineers from the company and offered them lucrative salaries and tremendous perks and benefits. This is how the labor market works.
CareerCast released a new report Wednesday that looked at the 10 perfect jobs for millennials in 2015. The website used data from United States Bureau of Labor Statistics (BLS) that noted there are roughly only 50 million employed millennials, and if companies don’t start hiring this generation of workers then they may crumble.
At the same time, majoring in a STEM field is a great way to get a high-paying position. Although it’s expensive and requires an enormous amount of hard work, the report outlines a large number of opportunities.
"Finding creative ways to hire and retain the Millennial generation – the largest generation in the workforce – is essential for companies to succeed through the rest of this decade and beyond," said Tony Lee, publisher at CareerCast, in a statement. "That’s especially true for companies looking to fill jobs in the STEM (science, technology, engineering and mathematics) sector, where demand is outpacing supply."
Here are the 10 jobs perfect for millennials this year:
1. Advertising Account Executive
- Job Responsibilities: Meet with clients to discuss advertising needs; collaborate with creators to develop budget-friendly ad campaigns; and initiate pitches to attempt to garner new clients for the ad firm.
- Annual Median Salary: $115,750
- Projected Growth Outlook: 12 percent
2. Civil Engineer
- Job Responsibilities: Perform technical and feasibility studies at sites. Utilize various computer programs to develop complex designs, and make intricate calculations.
- Annual Median Salary: $79,340
- Projected Growth Outlook: 20 percent
3. Computer Systems Analyst
- Job Responsibilities: Offer staff members and customers technical assistance when solving computer-related matters. Regularly test, repair and monitor computer systems and software. Speak with management to agree on system principles and protocol.
- Annual Median Salary: $79,680
- Projected Growth Outlook: 25 percent
4. Data Scientist
- Job Responsibilities: Develop and improve the monetization of websites and mobile experience for users. Provide a list of consumer and staff engagement insights and analyze granular data.
- Annual Median Salary: $124,149
- Projected Growth Outlook: 15 percent
5. Financial Planner
- Job Responsibilities: Finding, contacting and meeting clients who have an array of financial and investment needs. Develop an investment strategy that meets the needs of clients. Researching the marketplace to get a better understanding of new products and services that would ensure higher investment returns.
- Annual Median Salary: $67,520
- Projected Growth Outlook: 27 percent
6. Market Research Analyst
- Job Responsibilities: Writing and planning survey questions and answers. Designing and establishing analysis initiatives and presenting them to clients. Penning reports containing actionable suggestions.
- Annual Median Salary: $60,300
- Projected Growth Outlook: 32 percent
7. Physical Therapist
- Job Responsibilities: Meeting and consulting with clients to understand what pain they are feeling and their medical history. Assist patients in reaching their medical objectives and maintaining good health. Designing and administering physical therapy treatment.
- Annual Median Salary: $79,860
- Projected Growth Outlook: 36 percent
8. Social Media Manager
- Job Responsibilities: Planning, strategizing and creating content for social media channels. Ensuring tweets, posts and photos are published on a stringent schedule. Conducting a marketing analysis of all of the key social media metrics and then improving upon them.
- Annual Median Salary: $46,169
- Projected Growth Outlook: 13 percent
9. Software Engineer
- Job Responsibilities: Ensures operational success by conducting analysis, solution development strategies and suggesting solutions. Produces solutions by creating documentation, flowcharts, layouts, diagrams, charts, code comments and clear code. Enhances operations by launching an analysis of systems on a regular basis.
- Annual Median Salary: $93,350
- Projected Growth Outlook: 22 percent
- Job Responsibilities: Meeting and conferring with clients on what type of data to collect and in what manner. Drafting and designing trials, surveys and experiments to generate the required data. Collecting, analyzing and interpreting the data and then making sure the right steps are taken based on the results.
- Annual Median Salary: $75,560
- Projected Growth Outlook: 27 percent
Millennials are often lambasted for their unconventional ways of living life. Whether or not you like millennials, they will soon control the world - they already dominate both the office landscape and the consuming public. Millennials can prove they are just as good as the Baby Boomers or Silents, but they will need time to adapt to the newest economic and societal environment.
Are there any jobs that you think we missed out?