The Future is STEM—5 Top STEM Jobs

As more and more jobs come under threat from automation, many Americans, particularly college freshmen, would be wise to enter a science, technology, engineering or math (STEM) field, according to one workplace authority.
“Technology is advancing at a record-setting pace, and the workforce needs to reflect this trend. The jobs of the future, no matter the industry or level, are no doubt going to involve at least a rudimentary knowledge of technology. Those who enter a STEM profession will have a leg-up in the new economy,” said John Challenger, chief executive officer of global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
According to the Department of Education (DOE), studying science or math in college leads to a higher employment rate and salary than other majors after graduation. Indeed, the STEM fields have shown an increase in total postings over the past several years. In fact, in May 2015 there were nearly 8.6 million STEM jobs or 6.2 percent of US employment, according to the Bureau of Labor Statistics.
Employment in STEM occupations grew by 10.5 percent, or 817,260 jobs, between May 2009 and May 2015, compared with 5.2 percent net growth in non-STEM occupations, according to the BLS. Computer occupations and engineers were among the categories of STEM with the highest job gains, too.
The STEM group that has the highest projected growth is the mathematical science occupations group, at 28.2 percent growth, compared to the 6.5 percent average projected growth for all occupations. This group includes occupations such as statistician, mathematicians, actuaries, etc.
Computer occupations make up the highest representation of STEM jobs. In May 2015, they made up nearly 45 percent of STEM employment, with engineers following in second making up 19 percent. Computer occupations also show the highest projected job openings according to the BLS. “The computer occupational group is projected to yield over 1 million job openings from 2014 to 2024, with the smallest number of projected job openings in the architect, surveyors, and cartographers group, at only 52,500 projected openings.”
While women are increasingly prominent in medicine, law, and business, they are underrepresented in STEM fields.
“Women are an important aspect of any workplace, as is all diversity hiring. According to McKinsey, companies with a racially and ethnically diverse workforce outperform industry standards by 35 percent, and those with high gender diversity outperform by 15 percent.
“Companies, especially those who primarily recruit from one of the STEM fields, would be wise to invest in implementing diverse hiring practices, as well as programs that encourage women and minorities to enter STEM fields,” Challenger said.
The wages for STEM occupations vary vastly, but the national average wage for all STEM occupations was $87,570, according to the BLS. This is nearly double the average wage for non-STEM occupations ($45,700). Additionally, 93 percent of STEM occupations had wages higher than the national average mean wage. The highest paying STEM occupation is petroleum engineers with an annual mean wage of $149,590—more than $100,000 higher than the national average across all occupations.
Challenger offered a list of the top five STEM jobs.
- Computer Systems Analysts – Implement and design computer systems for an organization.• 118,600 Projected Jobs
• $85,800 Median Salary
• 2.4% Unemployment Rate - Statisticians – Collect and analyze data to solve problems or create efficiency within an organization.
- 10,100 Projected Jobs
• $80,110 Median Salary
• 0.8% Unemployment Rate
- Software Developers – Create programs that allow people to work more efficiently or perform new tasks.
- 135,300 Projected Jobs
• $98,260 Median Salary
• 2.0% Unemployment Rate
- Mathematicians – Apply mathematical techniques to analyze data. These workers typically work for the federal government and public and private engineering and science research.
- 700 Projected Jobs
• $111,110 Median Salary
• 0.8% Unemployment Rate
- Financial Advisors – Advise consumers and businesses on best ways to manage assets.
- 73,900 Projected Jobs
• $89,160 Median Salary
• 2.0% Unemployment Rate
Source: challengergray.com