Recent studies conducted by the Harvard Economics staff have pointed to the notion of a drastically different job market down the road. As banks and financial firms fail it is evident that the country's wealth is going have to be dispersed over several industries to be more "recssion proof" in the future. Demand for jobs in new cutting edge industries is higher than ever and a large portion of the brightest youth will be attracted to these positions. The study revealed that in recent years at Harvard about 40% of undergraduates immediately went into high salary earning jobs in finance and consulting. In the next few years that percentage could get cut in half. Why? Well, as wall street boomed in the late 90's through the early 2000's it seemed feasible for any elite college graduate to make six figures working for a financial firm. In the 90's and the early 2000's finance and consulting was without a doubt "hot" job as most of the talented youth from elite universities seeked careers in those areas. What the "hot job" is seems to be tidal in that it is always changing. After the great depression in the 1930's intelligent and talented youth funneled into civil engineering to build highways bridges and damns characterizing the decade as a decade in civil egineering. During cold war and our fierce race into orbit with russia talented youth, sure enough, funneled into the sciences to pioneer space travel and push NASA to the limit. So, with the downfall in finance and consulting looming on the horizon, what will the next "hot" job be? We have a few early indications of where the job market is going but things are not yet totally clear. There has been in a surge in the number of students applying to public policy Graduate schools as many forsee and increase in government hiring. Many are also expecting a revival in the sciences and science jobs as the Obama administration plans on doubleing spending on scinetifific research.
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