American families are struggling with inflation. While three-quarters of middle-income Americans are struggling with their cost of living, 78% fear losing their jobs, while 25% say they’ve been laid off or know someone who has. The crippling recession and job uncertainty have forced Americans into action, with 40% actively planning a career change, seeking more security and higher pay.
“Today’s job market is moving faster than a Tesla in a ridiculous fashion, leaving many onlookers gasping for air,” according to Roman Peskin, co-founder and CEO of ELVTR, an online education platform. line. The ELVTR team surveyed 21,500 Americans looking to change or improve their careers to discover the top five recession-proof occupations, helping workers weather the recession and add value to their search employment.
Top 5 recession proof jobs
Here are the top 5 professions that ELVTR says are in high demand, each paying up to around $100,000 per year. This list might surprise you:
1. Product management
In a world dominated by technology, there is no shortage of innovation or demand for talent in the IT sector, but companies are not only looking for technologists. They also need people with product management skills to ensure the success of their products. According to Glassdoor, there are 17,725 current openings in the product management field. IT product managers can expect a respectable salary and opportunities for advancement. Provide a path to the lucrative tech industry that doesn’t require the ability to code. Average salary, Glassdoor: $96,496 per year
2. DEI Management (Diversity, Equity and Inclusion)
According to LinkedIn, the number of professionals “responsible for diversity” has more than doubled since 2015, with companies such as Electronic Arts, Deloitte and Amazon among those hiring. It has been shown to boost employee productivity, retention and morale, and with 75% of job seekers evaluating a company’s diversity when considering a job offer, investing in DEI leadership positions will only increase. By mastering skills such as communication, problem identification and conflict management, candidates can secure a career in this growing field. As well as offering a lucrative career choice, these roles are ideal for those hoping to leave a positive mark on our workplaces and society. Average salary, Glassdoor: $89,804 per year
3. Game production
The gaming industry grew by 26% between 2019 and 2021 and will continue on this trajectory despite the recession, according to PwC, as consumers seek out low-cost entertainment. With gaming being a favorite pastime for young consumers, it is the industry most sought after by job seekers as new professionals seek careers doing what they love the most. To beat the competition, candidates will need to master skills that are not readily available. This is not just an opportunity for those with coding knowledge and experience. To meet demand, the industry will need to recruit a wide range of skills, from UX/UI to sound engineering, from programming to scripting. Average salary, Glassdoor: $87,024 per year
4. Creative direction
With job prospects in the industry expected to grow 11% this decade, faster than the average for the US job market, there is a clear need for art direction skills. A decline is unlikely despite the economic situation, as people continue to seek entertainment during tough times and companies increase advertising efforts to maintain recognition and loyalty. Challenging the “starving artist” stereotype, art direction roles allow creatives to show off their creativity with the guarantee of reward. Average salary, Glassdoor: $72,694 per year
5. Data analysis
With an ever-increasing amount of data available to businesses, professionals equipped with the analytical skills to turn it into valuable insights are in high demand. According to LinkedIn, vacancies in data science have increased by 37% per year in the United States. With roles spread across almost every industry, people skilled in data analytics have the freedom to choose a role and industry that interests them, such as banking, healthcare, retail. or technical. Also requiring above-average computer knowledge and math skills, it’s by no means an easy profession, but the rewards match the requirements, even entry-level analysts earn above-average salaries. Average salary, Glassdoor: $63,731 per year
A final word on the future of work
After decades of stagnant wages, the workforce is finally looking for more, Peskin told me. He explained that nearly a quarter of employees are considering their options and scrambling to expand their expertise, but the same is true for thousands more. “Skills inflation is hitting, the supply of candidates is growing and the number of available positions is collapsing,” he said. “Ultimately, mastering mass market skills is unlikely to improve a job seeker‘s prospects. Instead, employees should focus on learning skills that are less common among today’s workforce, but no less valuable and desirable to employers.
Most of the jobs on the above list didn’t exist 20 years ago, according to Peskin, but today they enjoy steady demand despite a slowing economy. “According to our recent research, 40% of college graduates do not believe their profession will be in demand ten years from now,” he concluded. “Lifelong learning is no longer a fancy concept, but literally a survival mechanism. Learn new skills or get eaten. That’s the deal.”