Career

Where will the Engineering Jobs be in 2020?

November 30, 2012

Forecast: Overwhelming Demand for Software Engineers

Despite a withering recession in the first decade of this century, the U.S. Bureau of Labor and Statistics (BLS) Occupational Outlook Handbook is full of reasons for engineers to be optimistic.

In particular, software engineers have 270,900 reasons to be optimistic – that is the anticipated number of new job demand this particular sector is expected to see by 2020. These jobs are being created in almost every industry, with particular demand coming from tech, startups and defense. But even “low tech” industries like automobile manufacturers are hiring software engineers and developers in earnest. 

If you are currently choosing a field of study based on the career opportunities it affords, you won’t find a more fertile field in the United States at the moment than Software Engineering.

(Bonus! The median salary is $90,530, or nearly the top 20% of all salaries in the United States).

Biomedical Engineers See a Sunny Future Ahead

Though the demand for Biomedical Engineers can’t rival software engineers by volume, the BLS predicts their field will enjoy a 62% increase in overall demand from 2010 to 2020.

This relatively young field was ranked the “Top Technology Job in America” by US News & World Report in 2011, and both private industries and academic institutions are channeling a large amount of money into research. The University of Alabama, for example, recently reported that it focuses over 80% of it’s $400 million dollar research budget in biomedical research.

The Full 8-Year Industry Comparison

Where do you think the Engineering Jobs will be?

Do these statistical forecasts mirror (or contradict) what you see in the workplace? Drop a comment below.