Choosing a career can be tough, as it could have significant impact on your life later on. There are some things that you need to think about before choosing a career, as listed below;
Testing yourself
- Self-assessment. Begin by looking at yourself, take a look at your interests, skills, traits, and so on. Consider what activities and subjects that you enjoy. Ask yourself questions, what are you good at? What is your motivation? How flexible are you? Self-assessing yourself will help identify areas where you may find success and enjoyment in.
- Exploring options. Researching always helps before making a big decision, as this may determine your life’s course, a lot of researching is due underway. Researching various industries and career paths would always help, research qualifications, and descriptions. Talking with professionals in certain fields is also a good choice.
- Lifestyle and Priorities. Think about the lifestyle that you want to have and list out your priorities. Consider your main factors, such as work-life balance, location, salary expectations, and future growth potential. It is important to align your career choice with your personal values, and long-term goals.
These are just a few ways of testing yourself on how to choose a career, there are much more.
Industrial choices
While choosing a career path, examining your industries are a good way to make up your mind. According to the Global Industry Classification Standard (GICS) hierarchy, there are 11 economic sectors, 24 industry groups, 69 industries, and 158 sub-industries. We’ll be taking a look at some of the quickest rising industries of 2023, and some of the ones that are falling fast.
According to Bing AI, here are five of the quickest rising industries of 2023.
- Shipping and Delivery Services. Due to rising popularity of online purchasing.
- Healthcare Industry. This industry is projected to expand by 19%.
- Travel and Food Industries. This industry is experiencing renewed growth with the lifting of emergency safety measures.
- Online Retail. This industry is also growing fast due to mobile adaptivity, omnichannel retailing, convenience, greater range of offering, and individualized products and services.
- The AI revolution. This industry is expected to be one of the fastest growing industries of 2023, already valued at $328.34 billion.
According to Bing AI, here are five of the quickest falling industries of 2023.
- Iron & Steel Manufacturing. This industry has a revenue decline of -19.2%, manufacturers are directly affected by the changing prices of steel, which has become more unstable since the beginning of COVID-19.
- Paper Wholesaling. This industry has a revenue decline of -14.7%. Due to digitalization, this industry has declined in demand for traditional paper products.
- Forest Support Services. The revenue growth of this industry is projected to decline by -14.4% because it is highly fragmented due to the vast majority of companies being nonemployers contracted on a seasonal basis.
- Sign & Banner Manufacturing Franchises. This industry has seen steep decline over the past five years, because of the little demand for signage. The revenue decline of this industry is -13.7%.
- Invoice Factoring. This industry is projected to decline in revenue by -11.9%.
Now that we have covered some industrial changes, we are going to move onto a small Q&A, to see what people think about choosing their career.
Q&A
We will be asking some people about choosing their career path, we will not disclose their name, as it is preferred to keep that anonymous. But we will say their age, to see how they think throughout different stages of choosing their career.
First guest: 22-year-old, female.
Q: What career are you choosing?
A: I chose accounting, specifically becoming a CPA which is a certified public accountant.
Q: Why are you choosing this career path?
A: I chose it because it is a really stable industry and it’s easy to find jobs. I can also do a lot of different things & I really like working with numbers.
Second guest: 18-year-old-female.
Q: What career are you choosing?
A: I chose sales, specifically an account executive.
Q: Why are you choosing this career path?
A: I chose this career path because it is something that is continually growing and provides an environment for you to learn new things every day.
Third guest: 6-year-old, male.
Q: What career are you choosing?
A: Computer working.
Q: Why are you choosing this career path?
A: Because I like it and I want to make money, too.
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