Yet another jobs report you say?
I don’t know about you, but I am usually attracted to a good jobs headline. And when it mentions top jobs then I am definitely game for checking out what it has to say.
If you are equally interested in understanding the best jobs to consider for yourself or your college-bound or career-bound child then you will enjoy this article as we dig in.
I remember in the nineties having to peruse the classified ads in the Sunday newspaper to find jobs and spot trends. I also had to seek advice from guidance counselors and periodicals from the library to research careers. Searching for job opportunities, company research and careers is easier today thanks to the Internet and companies like Glassdoor, LinkedIn, and Monster.
The 2016 GlassDoor Report showcases 25 jobs that were ranked by three key criteria:
- number of job openings
- career opportunities
Glassdoor has come onto the jobs scene in a big way over the past several years. They have over 16 million unique visitors to their web site each month and a Company valuation estimated to be nearly $1 billion.
Glassdoor has earned the trust of Americans. A survey of over 4,600 respondents was recently conducted by the company Software Advice. The results demonstrate that over 50% of job seekers in America use Glassdoor to evaluate companies when considering a job change.
These jobs and their rankings does not mean that these are the best jobs for you and me. It also does not mean that other companies and organizations would rank these jobs the same way. These jobs specifically followed a standard scoring and ranking methodology defined exclusively by Glassdoor. The results are based on the pool of companies and employees that frequent Glassdoor. This methodology is described below at the bottom of this article.
The Best 25 Jobs in America for 2016
Glassdoor’s Top 25 Jobs in America for 2016 are listed in the table below. The great news is that there is good demand for jobs. These 25 jobs had over 100,000 job openings in January with an average median salary of six digits annually. 15 of the 25 jobs have a median base salary of $90,000 or more.
What Do These Rankings Tell Us?
I have always enjoyed tearing into the data to better understand it. Analysis was conducted to evaluate the data across layers of industry and job type. One key was to identify if the job was in management or not.
- The Economy Is Doing Pretty Good
These 25 Jobs represent over 100,000 job opportunities that have a positive economic impact of $9.8 billion in 2016. I derived the overall economic impact by multiplying the number of job opportunities by the average median salaries of these jobs. Nearly $10 billion of income for 2016 appears to be a great economic contribution. This will fuel the economic engines and metrics that make the world go round. More income equals more spending. This leads to more loans. More loans equals more jobs. This leads to more spending.
- It Pays To Be A Manager
There are sixteen managerial careers earning an average median salary of over $101,000 per year. These sixteen careers represented over 36,000 jobs available on Glassdoor in January. It should not be surprising that managers are in demand and have great job opportunities. Managers are responsible for running teams and hiring and retaining the best talent for the team to succeed. You don’t just get to be a manager over night. The path to manager is usually through a college and advanced degree. Most managers have learned specialized skills and have been a top performer as an individual contributor. Many managers have gained 3-7 years of experience before moving up the ranks. The path is not short but it is there for those willing to chart out the path, set goals and work for it.
- It Pays To Specialize For Individual Contributors
There are nine individual contributor roles earning an average median salary of over $100,000 per year. These nine careers represented over 64,000 jobs available on Glassdoor in January. The common path for these jobs is through a college degree as well. Even software engineer job openings prefer college graduates. College degrees are not always required but can be important for those entering the work force in the early part of the career. A college degree demonstrates a candidates ability to complete a degree, work ethic in maintaining solid grades balanced against other activities, and work in classrooms and with teams. It is important to note that job experience demonstrating superior skills is the most important factor for companies seeking the best talent.
- Technology Jobs Rule
There are ten careers that are in the technology field earning an average median salary of over $103,000 per year. These ten careers represented over 64,000 jobs available on Glassdoor in January. The future is bright for technology as this industry will continue to power the next generation and beyond.
- There Is High Demand For Software Engineers
Software Engineers earn an average median salary of $95,000 per year. This one career represented over 49,000 jobs available on Glassdoor in January. That is nearly half of all jobs available for the 25 jobs listed. We will explore the career of Software Engineer further in an upcoming article.
Glassdoor Top Jobs Methodology Described
The 25 Best Jobs in America report identifies specific jobs with the highest overall Glassdoor Job Score.
The Glassdoor Job Score is determined by weighting three factors equally: earning potential (median annual base salary), career opportunities rating, and number of job openings. Results represent job titles that rate highly among all three categories.
The Glassdoor Job Score is based on a 5-point scale (5.0=best job, 1.0=bad job).
For a job title to be considered, it must receive at least 75 salary reports and at least 75 career opportunities ratings shared by U.S.-based employees over the past year (1/8/15-1/7/16).
The number of job openings per job title represents active job listings on Glassdoor as of 1/8/16.
This report takes into account job title normalization that groups similar job titles.
My Two Cents
A big thank you to Glassdoor for using their large data set for good. I believe that Glassdoor’s report provides a credible list of jobs worth researching further.
We are all on our life journeys with different definitions of success and achievement. Our pursuits may vary and range from making the world a better place or may be motivated by stuff, money, security, learning or enjoyment. Believe it or not, many of these jobs contain a lot of these elements.
It is important to dig in further to understand your motivation. If you believe that any of these jobs align to your pursuits, then dig in further. The earlier you can identify the type of work you want to do, the better it is to start charting your path.
This blog is intended to identify how to do this digging.
So get your shovels out.