How will the job market evolve in the next decade?

Financial analysts and economists predict that, in the coming years, manufacturing industries will continue to decline, but, at the same time, industries in the services sector will experience a significant increase in demand. The "hot" growth careers are predicted to be in the education, pharmaceutical and health care, and business and professional industries. Keeping this predicted trend in mind, RISE University lays greater emphasis on programs concentrating on these particular career paths, so that its graduates are in a better position to compete for, and obtain, the most lucrative jobs in the market. RISE University has developed its programs to incorporate the latest trends and best practices in each of these industries to enhance the employability of RISE University's students and graduates.

Health Care, Pharmaceutical and Medical Programs

RISE University's healthcare, pharmaceutical and medical programs combine a variety of disciplines including Medical Imaging, Nursing, Occupational Therapy, Orthoptics, Physiotherapy, Radiotherapy and Pharmacy, combined with an advanced research unit. This combination gives RISE University's healthcare, pharmaceutical and medical programs a leading edge in the education of professionals in these industries. RISE University's medical and health care programs are among the most technically advanced and competitive medical and healthcare education programs in the world. In this way, RISE University provides and promotes high quality professional education to make health care and medical practice safe and effective.

Education and Teacher Training Programs

In the current global economic recession, one industry that is particularly successful is the education. Working professionals who have been laid off, or who face the threat of being laid off, tend to opt for furthering their qualifications to increase their employment prospects. Because more people are heading back to school due to the recession, the need for university and college teachers and other academicians has been on a steady increase since the first half of the decade. To cater to this need, RISE University lays great emphasis on its education and teacher training programs, which equips would-be teachers with the skills, knowledge and competencies to teach subjects at any level. The programs impart knowledge about various schools and the education systems in order to provide students with the background knowledge to make their teaching efforts a success. In addition, the University partners with secondary schools and colleges in various locations around the world, in which students are provided with opportunities to apply their skills and knowledge in actual school placements in order to provide practical learning in addition to academic learning.

Accounting and Finance Programs

Despite the recent collapse of the global financial system, jobs in these sectors are expected to flourish as the system re-establishes itself. Sources predict that by 2014, employment in the accounting and financial sector will reach almost 21 million jobs. It is also predicted that the biggest growth will not occur in any one particular position of the professional ladder. Rather, it will be more of an overall growth affecting each and every conceivable position. For this reason, the accounting and financial programs at RISE University are developed to cover a wide range of subjects related to accounting and finance. Taking into account the fact that RISE University's students come from all around the globe, there is also a significant element of international accounting and finance, which allows the principles, knowledge and skills learned in the courses to be applied anywhere in the world.

Internet sales and marketing

Account directors

The dot-com bust chased a lot of talent away from the Internet as people sought employment in more traditional industries in corporate America. But now that the digital space is among the most sought after by companies -- drawing advertising dollars away from print, television and radio -- there is a lot of demand for Internet sales and marketing account directors with 7 to 9 years' of online marketing and sales experience

Hospitality

General managers at premier resorts and hotels

The demand for good general managers (GMs) has gone up because there are not enough people being trained in positions that lead to the job. Plus, as resorts and hotels specialize in a sport or other activity (e.g., golf or casinos), they need people with experience in that specialty.

GMs typically have either a bachelor's or master's degree in business or hotel management. They often get their start as sales managers in the hospitality industry then work their way up to director of sales and marketing, a job that pays between $80,000 and $120,000 depending on the location.

Apparel

Designer of athletic and active wear

The increasingly fast churn in fashion wear (designers are usually creating clothes and footwear six months out) is one reason good designers are in demand. Another is the trend-centric ethos in the fashion industry: one person comes up with an idea that catches fire and other designers then need to rework their collection to incorporate it.

The demand for talent in apparel design is particularly high this year for athletic and active wear.

Apparel designers typically have an undergraduate degree in design and textiles or in fashion design.

Construction

Estimators
Project managers

Thanks to a commercial building boom for healthcare facilities, big box stores, malls and high rises, demand by large commercial construction companies has outstripped the ready supply of estimators and project managers.

Estimators price out the material costs for a project. Typically, they either have a two-year degree from a construction technology school or a four-year college degree with a major in construction management.

Managers oversee work on the construction site and other aspects of the project. They often have degrees in construction technology or management from 4-year colleges and many get their start as estimators.

In both instances, those with expertise in a particular kind of construction -- say, hospital buildings -- can command a premium in pay, since they can hit the ground running on similar projects.

Information technology

SQL database administrators .NET and Java developers

Thanks to an increased concentration of web applications and online services that personalize and store users' information, structured query language (SQL) database administrators (DBAs) are in demand. They can command $100,000 and up in major cities like New York , and between $75,000 and $85,000 in smaller ones such as Des Moines.

And as in 2006, developers who are expert users of Java or Microsoft's software programming language .NET are still in demand and can command even higher pay now, on par with the salaries of SQL database administrators.

Computer technology jobs continue to grow as the world becomes more and more connected. Businesses are always looking for Information Technology workers. Look for degrees in information processing, information security, and information system management when looking for a job in this field.

Accounting

Staff accountants Financial analysts

The Sarbanes-Oxley Act of 2002 was designed to increase corporate compliance and accounting transparency. But it has also created whole new departments of auditors and compliance experts, which have reduced the supply of experienced staff accountants and financial analysts. They're the ones who handle companies' general ledger account management, budget development and financial statement preparation.

Emerging markets are forecast to grow rapidly next year, leading to increasing inflationary pressure in several markets. Benchmark interest rates in developed economies are expected to remain low through the end of 2011 but long-term interest rates will rise gradually as the world economy improves

Risks to Recovery

A risk remains that the economic recovery will be derailed by renewed financial market turmoil, resulting in part from a potential widening of the Euro zone debt crisis. Kurt Karl said: "Although the recovery is nearly 18 months old and broadening, investor trust in its continuation is still weak. I

Unstability continues in several important real estate markets including the US, Ireland and Spain. Despite the support received from the International Monetary Fund and the European Union, there are still concerns as to whether Greece and Ireland can cope with the problems they face."

Low interest rates as a result of expansionary monetary policy in developed economies remain a key challenge for insurance companies. Thomas Hess, Swiss Re's Chief Economist, said: "Insurers, pension funds and private savers are paying for the cheap financing of governments, and for households and corporations that borrow."

Emerging Market Growth to Continue

"The emerging market countries performed well during the financial crisis of 2007-2009, partially due to the strength of China, which continued to import raw materials and was only minimally affected by the global downturn, Kurt Karl said. "Because these countries have been growing well and recovered robustly, they are now close to their growth potential, so inflationary pressures are rising."

The outlook for emerging market economic growth remains favourable in 2011, with rising consumer sentiment, supportive government policies and improving labour market conditions all set to boost domestic demand in the near team. Over the next decade, the global economy is expected to expand on average by 3.8 percent annually. In the period 2011-2021, emerging markets as a whole are forecast to grow twice as fast as industrialised economies – at 5.9 percent versus 2.4 percent.

Oil Market

Global oil demand—led by the United States and followed by China, Japan, and India—will dramatically increase over the next two decades. China has made oil deals around the world over the past few years that can deliver a supply of more than 7.8 billion barrels of oil to the country over the next several years. The United States must meanwhile prepare for a coming oil price crunch caused by increasing global demand and slowing global production. The safest, cheapest, and fastest path to energy security is to implement oil savings measures—outlined below—to reduce dependence on foreign oil and protect our pocketbooks.

Forecasts predict that future global oil demand will rise sharply. BP’s 2009 World Energy Review found that oil demand from developing countries outside the Organisation for Economic Co-operation and Development grew in 2008 despite the recession. The International Energy Agency’s newest Oil Market Report forecasts that global oil demandwill hit a record high this year and will keep rising as the global economy recovers. And theWorld Energy Outlook projects that oil demand will grow by almost 25 percent from 85 million barrels per day in 2008 to 105 million barrels per day in 2030.

All this oil demand growth, according to the World Energy Outlook, “comes from non-OECD countries: OECD demand actually falls.” Demand among the developed countries in the OECD already peaked, but non-OECD developing countries want more oil to fuel their burgeoning auto industries caused by a growth in wealth.

James Woolsey, director of Central Intelligence under President Bill Clinton, noted: “We can move quickly to strike a major blow at oil and OPEC’s dominance…We can get a long way using existing vehicles, existing technology and affordable natural gas. As other improvements become practical—like charging your electric car from solar panels on your roof—they can be adopted.”

The United States needs comprehensive clean energy and climate policies to decrease our dependence on this expensive and unstable commodity. The bipartisan, comprehensive energy and global warming legislation by Sens. John Kerry (D-MA), Lindsey Graham (R-SC), and Joe Lieberman (I-CT) is expected to include provisions that would reduce U.S. oil

The Biofuels Market 2010-2020

biofuels as one of the growing elements of the energy industry. Biofuels offer a number of environmental, social, and economic advantages, including lower emissions of harmful pollutants; decreased greenhouse gas emissions; increased employment in many rural areas due to additional agricultural chains; decreased dependence on oil imports; and enhanced fuel properties for vehicles.

The renewed focus on biofuels after the 2008-2009 financial crises can be attributed to increasing government support for biofuel producers, tax exemptions and subsidies. The subsequent rise of many small biofuel companies and bio refineries in the US, Brazil, Europe and Asia has increased competition and diversified the global market towards third generation biofuels like cellulosic biofuels and algae oil in particular. The report details the major developments in these technologies.

How much are individual regions planning to spend on biofuels between 2010 and 2020? How much will biofuels demand increase over the period 2010-2020? Who are the leading producers of biofuels? Where are the growth opportunities over the next decade - in which geographical region and with which type of technology? Who are the leading companies in the biofuels industry?

Technology

North American electronics manufacturing has evolved through six decades to its current level of precision, subminiature, surface mount connector technology and applications. Post 2000, massive outsourcing at the OEM level to reduce costs and leverage China and other Asia Pacific venues created the “global supply chain,” and connectors were part of it. Components are increasingly made where contract manufacturing is conducted and where consumer demand is increasing.

The current situation is that most high-volume standard product system assembly has migrated to Asia; along with it, standard products/high-volume connector manufacturing. Remaining in North America (or in near-shore locations) will be manufacturing lines that support domestic OEM and EMS production, i.e. applications that require a high degree of development and application engineering support and are less price-sensitive; and markets that depend primarily on domestic manufacturing, such as military/aerospace, medical, industrial, (traditionally) automotive, and emerging alternative energy markets.

Over the next decade we see several trends: 1) Engineering will migrate to offshore manufacturing areas and emerging markets, 2) There will be world-class automation in China, as labor rates increase, 3) North American manufacturing will continue to refocus toward lower volume, high-tech, specialty, and new technology products, with issues of how to support an infrastructure, and 4) The possibility of a paradigm shift in printed circuit board assembly toward integrated micro-packaging, printed electronics, and other new technologies that could support new platforms for high-volume/low-cost manufacturing domestically.

Much will depend on developments in IC technology, and the direction of key semiconductor OEMs such as Intel, with specific movement toward system level integration via SiP and SoC. New materials technologies (nano materials) may also create future opportunities, such as super-conductivity, and an expansion into micron level MEMS interconnect/packaging.