Here is CNN's list of the best careers during a recession:.
Financial adviser: 41% growth rate with a $74,000 median compensation. Reason: Boomers will retire and will need financial advisers.
Software program manager: 29% growth rate with a $103,000 median compensation. Reason: Complex reasons still need to be managed.
Database administrator: 29% growth rate with a $77,000 median compensation. Reason: See above.
Physical Therapist: 27% growth rate with a $67,000 median compensation. Reason: Boomers knees and backs will begin to fail as the years go on. (What about Sports Medicine to treat millions of fitness fanatics who jogged with the wrong equipment?)
Physician assistant: 27% growth rate with a $53,000 median compensation. Reason: Care companies like Physician assistants because they are less expensive then doctors. (What about jobs in the medical device self-testing industry which has shown explosive growth?)
Environmental Specialist: 25% growth rate with a $53,000 median compensation. Reason: Global warming is a big deal right now.
Hydrologist: 24% growth rate with a $59,600 median compensation. Reason: Water is scarce and it is a necessity for everyone.
College professor: 23% growth rate with a $79,000 median compensation. Reason: As the economy shrinks education increases.
Certified public accountant: 18% growth rate with a $64,000 median compensation. Reason: Do you want to read those tax codes and deal with audit regulators?
Teacher: 12% growth rate with a $48,000 median compensation. Reason: One word- Union.
I would add to their list, jobs in the alternative energy industry (such as windfarms which is one alternative to the struggling automotive industry) or Human Resource Restructuring (to handle the big changes in corporate headcounts and benefits in the wake of company layoffs) or the IT industry where specialists in handling Acquisitions and Integrations have become much sought after because of the way large companies have been gobbled up or forced to sell or merge in the present economic crisis. The Credit and Debt Collection field will also be booming.
After all, this recession is expected to be both "long and deep" according to Warren Buffet.
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