10 Most In Demand Degrees In 2023
Obtaining a degree indicates to potential employers that you possess the ability to remain dedicated and persevere through an extended period of studying in order to gain expertise in a particular field. Furthermore, it highlights that you possess various skills that can be applied in a professional setting, including time management, problem-solving, critical thinking, communication, and others.
In certain fields, obtaining a degree is vital, while in others there may be more flexibility in considering candidates without a degree. Nevertheless, possessing a degree can enhance the likelihood of landing a well-paying job and expanding one’s professional possibilities.
Most In Demand Degrees
Below are some of the most sought-after degrees and top college degrees for the year 2020, along with the education needed to obtain them and the anticipated salaries. All data provided comes from Best College Reviews.
If you are seeking a well-paying job where you can assist others, pharmacology is highly sought after in terms of education. To enter this field, at least a bachelor’s degree is mandatory, although obtaining further education increases the likelihood of a higher income. It is predicted that the industry will experience a 25% growth by 2020, with a low unemployment rate at just 3%. Salaries in pharmacology usually have a median of $105,000, but this can vary depending on geographical location and level of education.
2. Computer Science
Computer Science is having a significant impact on almost every industry, resulting in a thriving and expanding field of study. One of the most sought-after Computer Science degrees is in management information systems, due to the continuous growth of big data. To work in most companies within this field, obtaining a bachelor’s degree is generally necessary, although some companies may accept an associate’s degree coupled with work experience, as the field is broad and includes numerous start-ups. By the year 2020, the industry is projected to experience an 18% growth rate, with a median salary of $60,000 that increases with experience, education, and the employer’s size.
3. Health Science
The field of Health Science and Healthcare Administration is a promising career option due to advancements in medical technology and an increase in average life expectancy. This means that people are living longer and requiring more medical care, resulting in a higher demand for healthcare workers. Those who choose to study Health Science have the opportunity to work in various settings such as hospitals, doctor’s offices, rehabilitation clinics, and even provide in-home care. This degree is particularly suitable for individuals who are analytically inclined and possess strong communication skills. It is projected that by 2026, this field will experience a 20% growth rate, and individuals with higher levels of education can expect significant salary increases. For instance, those with a master’s degree can anticipate earning a minimum of $90,000 per year.
4. Information Technology
Information Technology, like Computer Science, is a thriving sector due to its rapid growth. This field concentrates on the connection between computer systems, encompassing both hardware and software, and the utilization of these tools to exchange data and establish secure means for utilizing and storing information. Due to its high level of expertise, individuals in this field typically earn a median salary ranging from $80,000 to $100,000+ per year. Additionally, the IT industry is witnessing faster job growth compared to other industries, with an anticipated increase of 12% by 2026.
When deciding to pursue a degree in Engineering, individuals have a variety of options such as Structural, Electric, Computer, and Mechanical engineering, among others. Many of these fields offer a starting salary in the six-figure range, making engineering a financially rewarding career choice. Additionally, job security is high in this field. Although the majority of new job opportunities are expected to emerge in electrical, mechanical, and industrial sectors, the Bureau of Labor Statistics predicts that approximately 130,000 new jobs will be created in the engineering field by 2026.
6. Business Administration
In today’s trend, the demand for a Business Administration degree is high, particularly among those who prefer online learning. This degree is widely valued as it provides a comprehensive education that equips students for various professional roles. Graduates with a Business Administration degree can pursue careers as managers, analysts, owners, CEOs, and more in the business industry. Depending on your career goals, you can start with an associate’s degree, securing entry-level and sales positions, and then progress to higher roles by attaining a bachelor’s and/or master’s degree. The flexibility and convenience of online learning, specifically at University of the People, make it an ideal choice to pursue this versatile degree, as you can balance work commitments while studying.
Similar to Computer Science degrees, every business requires the presence of at least one accountant or a team specialized in Finance. Holding a Finance degree allows individuals to have the potential of earning a salary ranging from $70,000 to $120,000, as well as gaining knowledge in various financial management aspects such as tax handling and maintaining balance sheets. It is projected that the demand for financial managers will experience a remarkable growth of 26% and financial analysts by 11% until 2026.
8. Human Resources
Human Resources employees play a crucial role in handling personnel matters within organizations. Their responsibilities include overseeing the entire recruitment and onboarding process as well as managing resources for employee development and ensuring fairness across the organization. Individuals aspiring to work in this field usually require a minimum of a bachelor’s degree. The coursework covers diverse subjects such as psychology, business, and conflict resolution. It is projected that the field of Human Resources will experience a 9% growth by 2026.
There is a high global demand for teachers, but currently, there is a shortage. Whether you decide to pursue an Education degree online or at a traditional campus, you have the opportunity to contribute to changing the educational landscape and preparing the future generation for success. In some states and countries, certification and licensure are necessary for teaching in a classroom, although a bachelor’s degree is usually a good starting point for becoming a teacher at any level. If you aspire to work in administration or as a professor, you will need to pursue a Master of Education. While monetary gain may not be the main motivation for entering the field of Education, you will have the satisfaction of knowing that you are making a difference, which is an invaluable reward.
From therapy to counseling to working in schools and hospitals, those who get a degree in Psychology open the door to many possibilities. Starting with a bachelor’s degree, psychologists can work in the field, but for those who want to perform research, a master’s degree is well-touted. Over the next decade, the field is expected to grow by 19% as there is a wave of focus on personal well-being and mental health.