Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



The 1 Million Jobs Waiting to Be Filled

Imagine a career field that is projected to add more than one million jobs over ten years that paid on average $76,000 a year in 2012.

What if I told you nearly one quarter of them were for those that didn't require a four year degree, but paid nearly $50,000?

Or how about the fact nearly 100,000 individuals will be needed in management roles that paid on average $120,000?

Does all that sound too good to be true?

It isn't. And it turns out, there's just one place to look.

Source: Flickr / tsakshaug. 

The massive need

According to the latest Employment Projects from the Bureau of Labor Statistics, the number of Americans working in computer occupations is expected to rise from 3.7 million individuals in 2012 to 4.3 million by 2022.

But the number of total job openings due to both the growth of the industries and the replacement of individuals who retire is projected to stand at 1.2 million.

And as you can see in the chart below, there are six different occupations which are expected to have more than 100,000 job openings during that time:

Source: Employment Projections program, U.S. Bureau of Labor Statistics 

In fact, of the highest paying jobs that don't require a master's degree (or higher), three of the top four careers with the most total jobs openings all find themselves in the computer landscape.

All of this is to say, the future looks undeniably bright.

The reality

With the great pay and the high demand in mind, it's easy to think Americans everywhere would be chomping at the bit to take a career in one of these occupations.

But the problem is, as Microsoft revealed in its National Talent Strategy report:

Between 2010 and 2020, there will be at least 1.2 million job openings in computing professions that require at least a bachelor's degree, yet at our current pace we will not produce even half the number of U.S. graduates needed to fill those positions. 

The report went on to say that McKinsey projected 1.5 million careers in "data-savy," roles would go unfilled by 2018 and that, thanks to these trends, "the result is that employers in many industries across the U.S. are unable to fill high-skilled American jobs with high-skilled American workers, a trend that seems all but certain to continue if we fail to act."

The key takeaway

Thankfully the labor market and job picture in the United States has improved dramatically from where it stood in the following the Great Recession. But for anyone looking to take a massive leap by switching industries, going back to school, or maybe even starting at square one, a great place to look would be any occupation which falls into the rapidly growing computer landscape. You'll be glad you did.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Read/Post Comments (2) | Recommend This Article (7)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 10, 2014, at 12:06 PM, StephanieSmithen wrote:

    There are US enough graduates that can take those jobs BUT companies like Microsoft rather import workers and pay them less than hiring US citizens and legal residents. Microsoft hypocrisy of asking for hundreds of thousands of H1B Visas because they can't find people to fill these jobs and at the same time announcing that they will lay off 18,000 workers next year. Corporate Greed-three piece suit MOFOS.

  • Report this Comment On August 10, 2014, at 9:11 PM, kdavis860 wrote:

    There's more work than there are qualified people and a lot of companies are glad to take anybody who will try computers/software. Simply express an interest in software systems and you can get in at some level, with even a basic level seeing elevated pay. It's a quick way to bump your pay scale, and you don't even need to do it well, just do it at all.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3060286, ~/Articles/ArticleHandler.aspx, 8/28/2015 6:32:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Patrick Morris

After a few stints in banking and corporate finance, Patrick joined the Motley Fool as a writer covering the financial sector. He's scaled back his everyday writing a bit, but he's always happy to opine on the latest headline news surrounding Berkshire Hathaway, Warren Buffett and all things personal finance.

Today's Market

updated Moments ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes