With rapid developments in science and technology, the world seems to be getting smaller and smaller. As it becomes easier to both communicate and travel across the globe, students are turning their faces abroad when coming up with a career plan, and from an economic standpoint, the data suggests they’re right to do so. With things moving so quickly it’s hard to predict the future, but if you’re thinking of going back to school and wondering what to do after you graduate, it’s worthwhile to look into these increasingly in-demand fields.
As globalization continues to drive business, employers want to recruit workers who can manage both complex numbers and diverse teams of people. An employee who has earned an M.B.A. is qualified to take on these challenges, as a good program will cover everything from accounting to leadership and world markets. Also, thanks to the Internet, start-up companies are launched virtually every day. So whether you double up as a creative, or are all about the finances, knowing how to run a business has never been so valuable.
Mastery of foreign languages has always been an important skill, but it’s becoming even more important with the economic rise of countries like China and Brazil. A recent article published by CNBC.com reveals the growing population of ultra-high net worth individuals in Asia, and states that the around 43,000 of the people who class as ultra-high net worth in the region have a combined value of about $6.3 trillion. 60 Minutes reported that Brazil’s abundant natural resources, for which growing countries like China are ravenous, are growing its GDP by leaps and bounds.
As these countries and others become major players on the world stage, students in the U.S. could do worse than to acknowledge the increasing importance of foreign languages and pursue them as a degree choice. Whether you want to work as an interpreter or translator, or combine your language skills with experience in other sectors, becoming bilingual may not be easy, but it will certainly open many doors.
Ideal for those who include return on degree investment in their career planning strategy, tourism is one of the fastest growing industries in the world. In the first three months of 2013, the travel and tourism sector grew at an annualized rate of 6.8%, around three times faster than the rest of the economy. With that boom comes increased employment opportunities, so those with tourism management degrees looking for a job may not be looking for long. While in the past most families might have rarely ventured outside their home town, international travel is already the norm in the wealthy western world, and with so many Asian cities rising quickly through the economic ranks, tourism is almost a guaranteed safe bet for employment in the future.
Does this news influence your career plan? Do you know of any other industries on the rise? Let us know in the comments below. Also, be sure to read the next half of our series, where we look at technical jobs that are increasing in demand globally.