"Hospitals/health care. Projected to grow by 19.5% between now and 2020, the medical industry will benefit partly from an aging population that will need more health services in the years ahead. Current average industry salary: $66,567."
"Engineering services. The industry "is expected to hire thousands of new graduates over the next five years as business confidence increases," along with higher government spending on infrastructure, the Ibis study says, for a growth rate of 19%. Average industry salary this year: $87,246."
"Semiconductors and circuits. Demand for "advanced wireless consumer electronics, such as smartphones," including new chip technology that can integrate existing WiFi and mobile networks, will generate 16% growth by 2020, with electrical engineers in especially big demand. Average salary now: $93,167."
"Accounting. The industry, projected to grow 17%, benefits from the recent rise in financial regulation, which keeps auditors busier than ever. More globalization will also "lead to more cross-border corporate deals that require expertise in U.S. accounting standards." Current average salary: $67,474."
IbisWorld analyzed over 700 industries to identify the best career fields for new graduates, focusing on sectors with strong revenue and employment growth plus above-average salaries through 2020. Healthcare leads with 19.5% projected growth, driven by an aging population requiring more medical services, with average salaries of $66,567. Engineering services follows at 19% growth, benefiting from increased business confidence and infrastructure spending, averaging $87,246. Management consulting grows at 18% as companies invest in strategy during economic recovery, with average salaries of $58,702. Accounting expands at 17% due to increased financial regulation and globalization requiring accounting expertise, averaging $67,474. Semiconductors and circuits grow 16% from demand for advanced wireless electronics and smartphone technology, with electrical engineers highly sought at average salaries of $93,167. Software development continues strong demand, particularly for smartphone app developers.
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