The is a guest post by Wall St. Cheat Sheet’s Damien Hoffman.
If you just graduated from college, you’ve probably read a bunch of government stats in your career center. They merely tell you which sectors are growing and which are not.
Forget all that general advice. Wall St. Cheat Sheet has put together a detailed list of the REAL Top 5 Jobs for College Grads:
We have mobile devices coming out of our asses and WiFi beaming us 24/7. Do you really think organic tissue can withstand the radiation? We also have tons of chemicals (and now meds) in our water supply and tons of other toxins in our processed foods. The human body can’t evolve fast enough to adapt. But if you’re an oncologist, you won’t have enough time to read Darwin because you’ll be working. Get those MCAT flashcards ready.
4. Health Tech Manager
The Boomers are entering their elder years. There will be no shortage of failed prostates, knees, and backs. Who will be capitalizing on this trend? The health technology industry. Companies such as Intuitive Surgical (Nasdaq: ISRG) — a Wall St. Cheat Sheet Premium stock pick — and GE Healthcare (NYSE: GE) will continue to grow no matter how crappy the economy. Our advice is to get any job you can in this sector — the more technological, the better. Your pay will continue to rise while competent workers are hard to find in this fast growing space. On the flip side, home and nursing home care providers will continue to see wages slip as community college grads continue to flood that market.
3. Dollar Store Owner
If you believe the economy is eliminating the middle class, Dollar Tree Stores (NYSE: DLTR), Family Dollar Stores (NYSE: FDO), and Dollar General (NYSE: DG) will continue to benefit. As wages remain stagnant and the cost of living continues to inflate, tens of millions of people will spend more of their household budget on the cheapest possible goods. If you are a part owner in a Dollar Store, you’ll be providing a valuable service in your community.
Forget learning Mandarin or Spanish. Learn to speak code! If you know how to speak code, you can develop Apple (Nasdaq: AAPL) iPhone or Google (Nasdaq: GOOG) Android apps. Or you can build websites or other software which has immediate demand. Already, high school kids are getting rich as translators of tech languages. Just imagine if they had some more life experience under their belt and understood what markets were begging for new software. That’s your chance to use your youth and smarts to instantly make money.
1. Tax Attorney
The tax attorney business is about to boom like tech stocks in 1999. The US deficits and debts are obscene — and they will have to be paid. Enter stage left: tax hikes for all! The buzz word in the movie The Graduate was “plastics”, but today you’ll want to remember the term, “tax efficiency experts.” These experts (AKA, tax attorneys) will become so popular, I believe the tax efficiency market once reserved for the upper class will expand significantly to include the middle class. Just wait and see: keeping up with the Joneses will mean following their money offshore. If you are looking for a lucrative recession proof job, a well-suited tax attorney may be the best prospect for you.
Damien Hoffman is the Editor-in-Chief of Wall St. Cheat Sheet.