Question

In: Economics

1. Also, go to the BLS Occupational Outlook Handbook (Links to an external site.) and look...

1. Also, go to the BLS Occupational Outlook Handbook (Links to an external site.) and look up two careers that you may be interested in pursuing.

2. Does the information given about these careers match your expectations?

3. Is there expected growth of jobs in these careers? How might it affect your likelihood of finding a job after graduation?

Solutions

Expert Solution

Ans:1 Two careers that I may be interested in pursuing are Financial Analyst and Acccountants and Auditors. It means I would be interested in Business and Financial level jobs.Because I have interests in finance and business management and accountancy and all.

Ans 2 The information given about these careers in the Handbook was much more than my expectations; all the details regarding the occupation were mentioned.

The details regarding the following topics were mentioned in the Outlook:  

The kind of work in these career groups was mentioned; their work environment; the salary structure; how to become financial analyst or auditor was also mentioned; Job outlook and other sources where we can find the information regarding the careers was mentioned; the employment statistics was also there so that we can get a look on how much jobs have been created in these career groups; growth opportunities were there according to each and every career group.Thus we can get a proper insight wherein we can get useful information according to each field in which any person is interested. It is ver useful sight.

Ans 3 Yes the careers in which I am interested meaning has growth rate of jobs but not that much unlike jobs requiring low skilled workers..In Financial Analyst career the expected employment growth is estimated to be around 6% in next 10 years. the growth in financial services especially Fintech and all are expected to create high employment opportunities. In the field of acccountants and auditors the estimated employment growth is around 7% in the next 10 years; Not that growth is there in these careers as compared to other careers like software developers, but as there has been shift in the technology over the past few years there are chances that the expected career growth in these careers is huge.

Finding a job after graduation in these careers is difficult because employers prefer candidates with certifications like CFA, CPA etc there are high chances of getting a job after master's degree but not with bachelor's degree, because the pay sacle is high in these careers almost around $85,000 per year the employers prefer skillful employees. But if a student has developed skills like he as cleared some levels of certification courses along with bachelor's degree then that can give him/ her a good start to his career and he/ she can grow. The likelihood of getting a job in these careersis high after masters'degree but one can also get it after bachelor's degree provided that the person is skillful and has great analytical and mathematical skills.


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