In-Demand Degrees and Careers
On January 4, 2012, the Georgetown University Center on Education and the Workforce (CEW), an independent, non-profit research and policy institute, released a report entitled Hard Times: College Majors, Unemployment and Earnings: Not All College Degrees Are Created Equal. The report was compiled using data from the 2009-10 American Community Survey (ACS).
The following degrees were categorized as having the lowest rates of unemployment:
- Business *
- Engineering **
- Social Work
- Life and Physical Sciences
*With the exception of Hospitality Management majors
**With the exception of Civil and Mechanical Engineering majors
Another significant finding of the report is that pursuing a graduate degree remains a valuable option for many. The report found that although earning differences remain high among majors, graduate education raises earnings across all majors.
Examples of majors found to have both low unemployment rates and the highest earnings boost from career experience and graduate experience are:
A related report, published in May 2011, entitled What’s It Worth?: The Economic Value of College Majors provides the CEW’s in-depth examination of the earnings associated with 171 different majors.
A third related report, published in June 2010, entitled Help Wanted: Projections of Jobs and Education Requirements Through 2018, examines the forecast of education supply and demand through 2018.
According to the Help Wanted report, by 2018, the economy will create 46.8 million job openings: 13.8 million brand-new jobs and 33 million “replacement jobs” – positions vacated by workers who have retired or permanently left their occupations. The report projects that nearly two-thirds of these 46.8 million jobs will require workers with at least some college education, with 33 percent requiring a Bachelor’s degree or better.
The three industries projected to have the largest volume of total job openings requiring a Bachelor’s degree or more are:
- Private Education Services
- Information Services
- Professional and Business Services
The report projects that graduate level workers will be spread across the 2018 economy, but will concentrate heavily in the following sectors:
- Professional & Business Services
- Healthcare Services
- Government & Public Education
- Financial Services
- Private Education Services
As highlighted in these three studies, a Business degree continues to prove a wise investment, at both the undergraduate and graduate level. Christian Business degree programs can help prepare students to enter into and grow in their chosen profession while keeping their Christian faith at the forefront.
The following schools offer widely recognized business programs in both the undergraduate and graduate level:
North Park University, in Chicago, Illinois, features an online MBA program that can be completed in as few as 21 months of part-time study and competitive tuition with one of the most comprehensive scholarship programs in the country.
Crown College, just west of Minneapolis, Minnesota offers a Bachelor of Science in Business Administration in a convenient online format. Graduates of the program are well-prepared to pursue an MBA or Master’s of Organizational Leadership, both of which are also offered entirely online.
Mid-America Christian University, in Oklahoma City, Oklahoma, offers an online Master of Business Administration / MBA with the following emphasis programs:
- Health Care Administration
- International Business