Family Economics and Financial Education Take Charge of Your Finances Career Research 1.1.2 Family Economics and Financial Education Take Charge of Your Finances

Making an informed Career Decision Includes an self evaluation of interests Making future career projections Selecting personal goals Goals are the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future Short-term goals are accomplished within one year Long-term goals are accomplished in more then one year © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Career vs. Job What is the difference between a job and a career? A commitment to a profession which requires continued training and offers a clear path for occupational growth Example: Educator Job An employment position obtained mainly to earn money Example: Gas Station Attendant © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Job Opportunities Pick a career path with job opportunities in the future Three main factors influencing future job opportunities Population Labor force Demand for goods and services © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Factors Population affects the size of the labor force Affects the quantity of goods produced Demand for goods and services determines employment within industries © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Resources Bureau of Labor Statistics Occupational Outlook Handbook www.bls.gov For hundreds of different jobs the handbook tells you: The training and education needed Earnings Expected job prospects What workers do on the job Working conditions © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Education training Professional degrees Take the longest amount of time and varies depending on the profession Doctorate degrees 4-6 years beyond undergraduate degrees in college Masters degree 2 years beyond undergraduate degrees in college Bachelors degree 4 years beyond high school Associates degree 2 years beyond high school © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Largest Numerical Increases in Occupations Optometrists Physicians and surgeons Lawyers Pharmacists Chiropractors Professional Degrees Postsecondary teachers Computer and information scientists, research Chemistry and biophysics Clinical, counseling Doctorate Degree Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005 © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Largest Numerical Increases in Occupations Physical therapist Educational, vocational and school counselors Substance abuse counselor Occupational therapy Master’s Degrees School teachers Accountant and auditors Computer software engineers Bachelor’s Degree Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005 © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Largest Numerical Increases in Occupations Dental hygienists Physical therapy assistant Paralegals and legal assistants Associate’s Degrees Nursing aids and orderlies Hairdresser and cosmetologists Emergency medical technicians Post Secondary Vocational Award Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005 © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Largest Numerical Increases in Occupations Gaming managers Construction and building inspectors First line supervisors/managers (food, retail) Work experience in related occupations Carpenters Cooks Electricians Fire fighting Long Term On-the-Job Training (more than 12 months) Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005 © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Largest Numerical Increases in Occupations Truck drivers Dental assistants Medical assistants Customer service representatives Moderate Term On-the Job Training (1 to 12 months) Retail salesperson Waiters and waitresses Home health aides Personal and home care aides Short Term On-the-Job Training (0 to 1 month) Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005 © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Fact Among the 20 fastest growing occupations, a bachelor’s or associate degree is the most significant source of postsecondary education or training for 12 of them! © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Healthcare occupations comprise 12 of the 20 fastest growing occupations Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005

Computer occupations account for 5 out of the 20 fastest growing occupations Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005

Occupations projected to Grow Fastest, 2004-2014 In groups of 2-3 hypothesize why health care positions and computer/technology positions are growing so fast These combined jobs will add more than 1.8 million new jobs Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005

Increases in employment: health education, sales, transportation, office and administrative support, and food service

Job Declines projected 2004-2014 Declining occupational employment stems from: declining industry employment technological advancements changes in business practices The majority of declines are office and administrative support and production occupations Increasing plant and factory automation Implementation of office technology

Job Declines in Occupations with the largest numerical decreases in Employment, projected 2004-2014

Researching a Career Questions that you should ask: Are there opportunities for advancement? What are the educational requirements? Does it pay enough? What are the working conditions? © Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona