According to World Economic Forum, demographic changes and technological advancements may lead to the loss of 5 million jobs. The report also predicted that there will be some jobs that will be more in demand by 2020.
Here we have compiled the list of those 8 jobs that will show an increase in demand. You can follow this article to pursue your career in these fields. Here we have compiled the list of those 8 jobs that will show an increase in demand.
1. Data Analyst :
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As the company grows it generates more and more data in terms of sales, market research, logistics, transportation costs etc. So, there is always ever growing need to make sense out of these data.
The main job of data analysts is to translate numbers into plain English. They take data and use it to help companies make better business decisions. With the help of data analysts’ company figures out how to price new materials for the market, how to reduce transportation costs, solve issues that cost the company money, or determine how many people should be working on Saturdays.
There are many types of data analysts such as: marketing analysts, operational analysts, financial analysts etc. Based on one’s choice of field various certifications are available which can increase salary packages.
Career Requirements
| Educational Qualification | Bachelor's degree is required for entry level jobs Master’s degree is required for Upper level jobs |
| Specialization | Mathematics, Statistics, Computer Science etc. |
| Key Skills | Analytical and mathematical skills, Critical Thinking, Knowledge of database types, Experience working with various computer programming languages, Good Communication Skills, |
2. Computer and Mathematical Jobs :
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According to U.S. Bureau of Labor Statistics jobs for mathematicians are expected to increase by 22 percent through 2018.
Following are major computer and mathematical jobs:
- Computer and Information Research Scientists
- Computer Systems Analysts
- Information Security Analysts
- Computer Programmers
- Software Developers, Applications
- Software Developers, Systems Software
- Web Developers
- Database Administrators
- Network and Computer Systems Administrators
- Computer Network Architects
- Computer User Support Specialists
- Computer Network Support Specialists
- Computer Occupations
- Mathematicians
- Operations Research Analysts
- Statisticians
- Mathematical Technicians
- Mathematical Science Occupations
These jobs are in demand even today and will continue to be most sought after jobs in 2020.
Career Requirements
| Educational Qualification | Bachelor's degree / Master’s degree |
| Specialization | B Tech in Computer Science, IT Masters in Statistics, Operation Research |
| Key Skills | Analytical and mathematical skills, Critical Thinking, Knowledge of Computer languages, Knowledge of Mathematics and Statistics |
3. Architectural and Engineering Jobs :
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It is expected that architectural and engineering jobs will grow by 3 percent from 2014 to 2024. This sector may see slower growth rate than average for all occupations but will still continue to be prestigious and rewarding job in 2020. Due to improvements in technology, such as design software and surveying equipment the employees engaged in this sector need to update their knowledge from time to time.
Career Requirements
| Educational Qualification | Bachelor's degree |
| Specialization | B Tech in Civil Engineering (Most sought after) B Tech in Mechanical Engineering, Diploma in mechanical/production engineering |
| Key Skills | Physics, Chemistry and Mathematics at 10+2 level |
4. Specialised Sales :
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These jobs will be highest in demand in 2020. Every business and industry require sales person. Specialised salesperson work with a product that require detailed training. With growing experience in specialized sales one can draw huge salary.
This job is lucrative and can pay you huge salary but many a times it can be stressful particularly when your targets are not met. There is no particular qualification for sales job. All you need is a very good communication skill and persuading power.
There are lot of incentives and bonus in this job. More than experience driven it is a performance driven job. You can go to a very high post in a very short time if you give a good sale to the company.
Career Requirements
| Educational Qualification | 10+2/ Bachelors degree |
| Specialization | No specialization is required |
| Key Skills | Outgoing and likable personality, excellent communication skills, passion for selling, personal ambition, strong negotiation skills, results orientated, good time management |
5. Senior Managers :
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In large organizations where there is multiple layer of managements the title of senior manager is found.
He is responsible for planning and directing the work of a group of individuals, monitoring their work, and taking corrective action wherever required.
There is no particular course for senior manager post. Generally a manager with more than 15 years of experience is promoted to this post.
This job will be great in demand in 2020 as old companies will require new senior managements to lead through revamps.
Career Requirements
| Educational Qualification | Undergraduate degree in a business field /An MBA from prestigious institutes |
| Experience | 10-15 Years of Experience |
| Specialization | Marketing, Accounting, Management, F inance |
| Key Skills | Communication Skills, Flexible and Adaptable, Self Confidence, Leadership Ability, Decisiveness, Problem Solving Ability, Energy Level, Initiative |
6. Product Designers :
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This will be one of the top jobs in demand by the year 2020. Monotonous jobs can be automated but creativity will require human. Product designers are required to create various items such as: cars, appliances, gadgets, and other manufactured goods.
The work of product designer involves:
- designing;
- modelling;
- testing;
- producing prototypes.
They usually work along engineers and conduct research to improve the design and usability of an item.
Career Requirements
| Educational Qualification | Bachelor's degree |
| Specialization | industrial design, architecture or engineering |
| Key Skills | Proficiency with computer aided software |
7. HR and Organizational Development :
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Due to technological and socio-economic changes company needs fresh talents as well as it needs to train it existing employees with new skill sets. For this job development specialists and human resource professionals will be needed in huge demand by 2020.
It is rightly said ”A poorly designed organization is like a colander; in there you can pour top level talent and hours of effort into it. A well-designed organization uses its talent effectively and HR works on it so hard to build talent”
Organizational development is required to realign the company through change process. The HR department plays an important role not only for hiring in a competitive market but also manages the growth of employees.
Career Requirements
| Educational Qualification | Typically Masters degree(IITs/IIMs) |
| Specialization | Industrial-organizational psychology, business administration, human resources management, organizational development |
| Key Skills | Strategic thinker, project management abilities, Enterprise resource planning software, data analysis |
8. Regulatory and Government Relations Experts :
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With advancement in technology many jobs will be created to see the legal side of things. There are many government policies that should be kept in mind by the company. A company cannot set up any plant anywhere. It has to go by government rules prevailing there.
So, those who choose law, accounts etc. in their graduation will also have good demand by 2020.