Some really smart people are predicting there will be a recession in the second half of 2019.
Will there really be one?
We have no idea. But if you’re about to choose your career path, it’s beneficial to understand which jobs are recession-proof, whether or not a recession is imminent. Since most people will live through one or more recessions in their lifetime, choosing a recession-proof career is a smart move. It could make a big difference in how comfortable you’ll be if times get tough at any point in the future.
Let’s discuss 3 jobs that tend to remain viable, even when everyone else is out of work and suffering.
1. Computer Systems Analyst
The job of computer systems analyst is #1 on Time’s list of 150 recession-proof jobs. Career expert Laurence Shatkin explains that workers in this occupation are less likely to be internationally outsourced than computer programmers are. This is because computer systems analysts need to have fluency in the local language and possess the communication skills necessary to explain their work to colleagues.
Experts at the Bureau of Labor Statistics, which is part of the US Department of Labor, are forecasting a 9 percent rate of growth in employment for computer systems analysts by the year 2026; and since these professionals generally remained employed and in demand despite past recessions, this is a career that seems reliably recession-proof. Computer systems analysts earn median annual salaries of $88,270, according to the BLS.
Analysts at the BLS performed an in-depth analysis to determine whether or not nursing is a recession-proof career. As it turns out, it is. Nurses enjoyed growth in the numbers of employment opportunities available to them during the “Great Recession” of 2007 to 2009. During that time period, nurses’ wages grew by 8.4 percent.
Nursing is a career that offers excellent opportunities for personal and professional growth. RNs earn a median annual salary of $70,000. Earning a nursing Masters degree typically results in earning potential of well over $100,000 a year, with the median salary for advanced practice nurses calculated at $110,930.
3. Information Security Analyst
Expert opinion diverges regarding how, exactly, recessions affect crime levels. In some areas, police officers have been adamant that past recessions brought an increase in crime. Other experts claim that crime not only did not increase during the great recession of 2007-2009, it, in fact, decreased.
When it comes to cyber crime, however, there’s one thing everyone agrees on: It has been increasing dramatically. A 2017 FBI report revealed more than $1.4 billion in recent losses as a direct result of cyber criminal activity.
Experts at the BLS are predicting an astonishing 28 percent growth rate in employment opportunities for information security analysts in the years leading up to 2026. Even if we do encounter a recession soon, it’s unlikely that demand for cyber security will unexpectedly fall flat. Information security analysts earn median annual salaries of $95,510 per year, according to the BLS.
These 3 jobs are all excellent, recession-proof options to consider if the work appeals to you. Now is an excellent time to seek training for these jobs if you want to prepare yourself for an uncertain future.