What Are the Safest Industries For a Career Path?

As the world is recovering from a global pandemic that has ravaged the world since 2020, the role of technology in the job market is becoming more prominent. According to a study by McKinsey Global report, it is estimated that by 2030, 375 million jobs will have been replaced by technology.

This trend is already being witnessed in some sectors like financial services. Unlike in the past, where one had to go to the bank to do simple things making a withdrawal, depositing a cheque, or making payments, today, these have been replaced by internet banking, meaning clerical jobs in banks like bank-tellers have been replaced by technology.

Thus, choosing a career with job security is the best decision for anyone today. These are some of the safest industries today.

1) Manufacturing

A career in manufacturing sets you in a broad field with highly transferable skills. For instance, If you start your career as an accountant in a consumer non-durable company, you can shift to a range of different companies in the manufacturing sector.

Manufacturing might be the oldest industry globally, but it is the one industry whose relevance will continue as long as humans live. Think of a sector like paint manufacturing. As long as houses exist and as long as people build homes, the paint manufacturing industry will continue to experience a boom.

Being one of the oldest industries implies that the companies in the sector are pretty mature and stable, hence offering job security. Also, since the companies are established, most companies have improved human relations. For instance, you get a proper job description, fair wages, union membership if you desire, growth opportunity, and a decent salary.

Also, since the government highly regulates such industries, there is a decent work environment like proper personal protective equipment, adequate training, and reasonable working hours.

2) Technology Industry

Since the internet boom experienced in the early ’90s, technology continues to grow both as an industry and career.

It is not a coincidence that 99% of the top 10 wealthiest people globally, including Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg, and others, are all in the technology industry.

Technology has played a critical role in the betterment of humanity, which explains the high returns to those who choose to invest in the industry either as employees or entrepreneurs.

The Covid-19 outbreak demonstrated to the world just how critical technology has become. From the numerous companies working from home to the student taking zoom classes and graduating via zoom, to the many international conferences which had to be held online to comply with social distancing, technology has played a critical role in helping humans overcome a global pandemic.

This trend is expected to continue. As humans continue to confront challenges like global warming, technology is expected to continue playing a crucial role. Some of the best careers in the technology field include cyber security, data scientists, and information analysts.

3) Health Care Industry

The global pandemic has demonstrated to everyone that health is the most significant wealth anyone can have. As the need to live a healthy lifestyle continues, there is a need to invest heavily in the health care industry, which demonstrates why healthcare is one of the safest industries globally.

Further, humans are striving to increase their life expectancy. As the quality of life improves and as disposable income increases, humans find it easier to adopt a lifestyle to improve their life expectancy.

One of the best things about the health care industry as a profession is that the skills are highly transferable across the industry and even across borders. For instance, if you are trained in the UK and get your first job as a doctor in the UK, you can shift to America and continue practicing as a doctor without the need to undergo new training. You might be required to undertake some tests to acquire a practicing license, but in most cases, health care skills are transferable across industries or geographically.

4) Finance Sector

The finance sector includes both the banking and insurance sector. At the same time, the finance sector is the oldest industry globally, with the oldest bank, Banca Monte Dei Paschi, being started in 1472 and later incorporated in 1624. The finance sector is a sector whose significance in the global economy\y continues to grow as the need for banking services among the population increases.

Today, everyone must own a bank account, even in third-world countries in Asia and Africa. Further, banks are doing more than they used to. Unlike in the past when banks provided loan and account deposits, today, banks and most financial institutions strive to be a one-stop shop for all financial needs.

Thus, you can open an account, transact, receive your salary, get a loan, purchase a mortgage, buy insurance, and open a trust fund for your kids, all on one bank. Thus, as a professional, the finance sector gives you unlimited options in choosing a career.

You can work in the banking sector, insurance sector, audit firms like the Big Four, Investment banks, or consultancy. Whatever you choose, you can be sure to get job security and career growth opportunities.

5) Energy Sector

Energy cannot be created or destroyed, and it can only be converted from one form to another. This scientific quote explains why a career in the energy sector is a good choice. With global warming continuing to threaten human existence, the focus is shifting to renewable energy.

As a professional in this field, you will not only be working in an area with job growth opportunities and job security, but you will also be supporting the world to overcome global warming challenges. Industry giants including Facebook, Tesla, T-Mobile, and Google have committed to using renewable energy in their operations.

Further, these companies have pledged billions of dollars towards energy conservation activities. Thus. Working in this field, you can support the companies to put the strategies into life and achieve the global goal of enhancing sustainable energy.