Are you wondering what is a STEM career? And whether you should be opting for it? Also, what STEM careers are in high demand right now? In today’s evolving world, choosing the right career that will give you both financial securities, as well as growth, can be extremely confusing and overwhelming. Especially with the pandemic crisis, the future looks uncertain, and adapting to digital transformation is the only resort.
In this article, we will discuss in-depth STEM careers, their benefits, types of STEM jobs so that you can choose the option that best suits you.
Let’s first begin with understanding the basics.
What is a STEM Career?
The term can be a little confusing for those who are new to it. STEM (Science, Technology, Engineering, and Math) is an acronym for Science, Technology, Engineering, and Math. Each of these major categories includes all of the employment opportunities in this niche. STEM occupations are highly sought after and in high demand, and they are helping to pave the road for the future.
Top Benefits of STEM Career.
Here are the top benefits of choosing STEM jobs over other jobs.
Companies are searching for graduates that are curious, innovative, enjoy trying new things, and can solve complicated challenges. STEM education instills all of these abilities in pupils at a young age.
2.More Job Opportunities
Several countries, including the United States, Ireland, and New Zealand, are making it easier for STEM graduates to find work. Students can attend top institutions, use cutting-edge technology, and intern or work for companies like Google, Tesla, and Netflix.
STEM students are taught 21st-century abilities and have an easier time finding work, and hence these students will be paid more. This indicates that a STEM graduate may expect to earn anywhere between $87,258 and $128,000 per year.
Your first job as a STEM graduate will pay you between $80,000 and $90,000 per year. As you progress through the ranks, you will earn more and so save more over time.
You could retire early, tour the world, or even start your own business with your years of experience and all your savings.
What are the Requirements of STEM Jobs?
Like all other fields & career options, STEM jobs also require certain skill sets, some of the most important skill sets are:
STEM involves the capacity to examine an issue and propose solutions using a variety of methods, including those that are very creative or “out-of-the-box.
2. Problem-solving abilities
To solve issues efficiently, STEM demands hands-on, active participation. Students should be the ones asking the questions, offering ideas, producing and testing solutions, and making data-driven decisions to better grasp how to refine ideas.
3. Applying Critical Thinking
To be successful in STEM, you must be able to assess data, evaluate designs, reflect on your thoughts, synthesize new ideas, and propose innovative solutions. All of these abilities are necessary for becoming a self-sufficient, critical thinker.
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What Does Statistics Say About STEM Careers?
Let’s have a look at some of the statistics around STEM careers.
- STEM jobs are expected to expand by 8.8%.
STEM occupations will rise at a faster rate than non-STEM jobs between 2017 and 2029, with roles in computing, engineering, and advanced manufacturing leading the way. (Via the US Bureau of Labor Statistics)
- In particular, employment in software development is expected to increase by 22%.
Employment in software development is expected to expand by 22% between 2019 and 2029, (Via the US Bureau of Labor Statistics)
- Since 1990, employment in STEM occupations has increased by 79 percent.
Since 1990, the number of persons employed in STEM occupations has surged by 79 percent, from 9.7 million to 17.3 million. (From a Pew Research Center publication from 2018)
- STEM occupations had a median yearly wage of $89,780 in 2020.
This is more than double the median annual wage in non-STEM occupations, which was $$40,020. (Via the US Bureau of Labor Statistics)
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Top 10 STEM Careers That Are in High Demand
Here is a list of Top 10 STEM jobs that are both high paying as well as in high demand.
A geologist is a scientist who investigates geologic processes such as tectonic movements, erosion, earthquakes, and other geologic phenomena. These scientists specialize in assisting engineers and designers in developing safe building and construction designs by using data collected during land surveys and observations about the topography of an area. Geologists also conduct a study into natural gases, oil, and water, as well as developing methods for extracting these resources in industrial settings.
Data science is growing in terms of career prospects and general demand, with an average yearly pay of $100,560. Since 2012, the field has expanded by 650 percent and continues to expand. Python is the key to success in this industry, and this skill helps to handle large amounts of data and solve complex business problems.
IT administrators are among the fastest-growing positions in technology, according to US World News Report. IT managers are in charge of navigating the ever-changing world of technology and ensuring that businesses have what they require to succeed. Because many IT managers supervise and coach others on their team, this career path is ideal for those with good people management skills and technical knowledge.
4.Information Security Analyst
Because of increased concerns about hacking, identity theft, and other cybersecurity issues, information security analysts earn a beautiful, near-six-figure median annual pay, and jobs are in high demand. You’ll need a bachelor’s degree in computer science, information assurance, or programming to break into this rapidly growing sector.
Prior expertise in the field of technology is also advantageous. Some organizations will also need professional certification, such as the Certified Information Systems Security Professional (CISSP) credential.
Financial analysts evaluate the performance of investments such as stocks and bonds before making recommendations to companies and individuals. The majority of analysts concentrate on a single industry, region, or product type. As portfolio managers, fund managers, rating analysts, or risk analysts, they frequently work for banks, financial institutions, or insurance companies.
A career as a software developer could be ideal for you if you’re seeking a job that blends creativity and computer science. These designers and developers supervise the construction and enhancement of software and are at the forefront of developing the most cutting-edge technology.
According to the US World News Report, the median compensation for software developers was $103,620 in 2018, with a projected industry-wide growth of 26% by 2028.
Statistical data obtained through questionnaires, surveys, experiments, and opinion polls are analyzed by statisticians. In most circumstances, a sampling method is used: data is extrapolated proportionally from a section of a population.
They also run tests to assess the data’s validity and account for no-response rates and sample flaws. These experts work with specialist statistical tools and may contribute feedback to the development of new data-analysis software.
8.Postsecondary Engineering Teacher
Teaching postsecondary engineering is one of the finest STEM professions for the future since good teachers are always in demand to train the next generation of engineers. A master’s degree in engineering is required for admittance into the sector, albeit this certificate will only allow you to teach at the community college level.
To teach in a four-year college or university, you must have a Ph.D. in engineering. However, the payback is substantial; according to the Bureau of Labor Statistics, postsecondary engineering teachers earn approximately five to six figures.
Psychologists work with people who have mental health issues. They investigate how individuals interact with one another and with their surroundings.
They do this by studying cognitive, emotional, and social behavior and applying what they learn to improve people’s relationships.
Clinical psychology, counseling psychology, industrial/organizational psychology, school psychology, and forensic psychology are among the fields where psychologists specialize.
Domestic animals, such as pets and cattle, as well as captive animals in zoos and other places, are cared for by veterinarians. They use methods and equipment comparable to those used by human doctors to diagnose, treat, and research medical diseases.
These specialists provide routine exams and care as well as providing advice on correct care. They may specialize in the care of large or small animals, as well as cattle. Some doctors choose to specialize in areas like neurology or cardiology.
The demand for veterinarians is predicted to grow, owing to growth in pet ownership and pet product spending.
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