Industry Trends

The Age Of Career Diversification

The job trends are ever-changing due to the unpredictable and volatile economy we have seen over the last decades. Increased automation and new technologies are the primary causes for the change in career paths. For example, in the golden age of the technological revolution that is the 70’s to 00’s a switchboard operator and data processors were well-reputed jobs and a lot of universities had courses guiding aspirants. But as you all know, their jobs were taken away by automation and newer technological changes.

The fresh graduates should be well aware of these conditions and trends in our world as it would affect them greatly. Students should perform thorough research, seek guidance from a Career Guide/counselor before deciding on a career path. 

Let’s have a look at the basics. There are 3 job sectors – primary, secondary, and tertiary. The recent trends have seen an incline towards the later 2, especially the tertiary which is also known as the ‘service industry’. Students should try to find careers in these two sectors, as they are the most rewarding and the trendiest. Also because they tend to escape increased automation. Now let’s gloss over a strong example: Financial Institutions, a big player in the service industry have succeeded immensely and very strongly even after seeing major fallouts and job cuts like the financial crisis of 2008. The popularity of cryptocurrencies have also been attributed to their success. Not to forget there is a completely new sector which is rising strongly and rapidly, called ‘The quaternary sector’. It consists of intellectual industries providing information services, such as computing and ICT (information and communication technologies), consultancy (offering advice to businesses), and R&D (research, particularly in scientific fields). This is a pure skill and knowledge-based industry with a lot of scope for aspiring graduates. Then there is a ‘Quinary sector’ which has been further derived from the quaternary sector which involves top-level executive jobs and highly skilled decision-making jobs for the for-profit organizations and the government.

After the aspirant has a brief idea about the different jobs offered by the different sectors, it is for them to decide in which field they want to pursue their education. All these sectors are very significant and give high returns from jobs, when aspirants with the right aptitude, will, and interest work in them. It is important for students to always keep diversification in mind as most of these sectors are dynamic and volatile. Diversity will help them adapt to the changing environment. These skills are essential in the current times since we live in an era of constant change and anti-stagnation. The U.S. Census Bureau reports that Americans change seven careers on average over their lifetimes. So the first step for aspirants is to aim for self-adaptability.

There are other talent-based careers to pursue such as drama, televisions, movies, singing, etc. These have a respected standing in the society and top colleges in all countries provide immersive courses in these fields of expertise. This sector too has seen a major transformation, which is from regular cinema screened movies to now an online trend of TV shows and movies. A strong example of this is the Oscars, a well-respected institution that now not only limits its awards to the silver screen but also accepts nominations from online sources.

The common trends shouldn’t go unnoticed and one should be dynamic and susceptible to change, this helps in job survival and growth. Here are some jobs which didn’t exist ten years ago but are now in high demand and pose a deadly risk to cut further jobs in more and more industries.

  • Artificial intelligence specialist 
  • Robotics engineer
  • Site reliability engineer
  • Cybersecurity specialist
  • Social media experts

These jobs are trendy and prestigious and Universities have given immersive courses in these fields too. As these jobs are young and in initial stages of development, it is important to note that they are highly-paid jobs and have high life-span in them.

The main motive of this article is not which profession to choose and which not to, but it is to understand that jobs are volatile and they should be meticulously calculated. One should diversify themselves to be dynamic and adaptable to the new and ever-changing economy. This is the way to go in our modern times to have careers with higher life-spans and less imminent threats. So don’t go too hard on yourself, just analyze, calculate risks versus benefits, find out your aptitudes and your strength, make career decisions with consultation from experts who will set you sail the right way.

Here are a few mentors from Gocrackit to look for Career counseling:

An Article by Hima Solanki.

19 thoughts on “The Age Of Career Diversification

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