Tomorrow’s Jobs: The Best Career Opportunities in West...

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Tomorrow’s Jobs: The Best Career Opportunities in West Virginia Through 2020 Prepared for West Virginia Communications Division Compiled by West Virginia Development Office – Research Unit September, 2012

Transcript of Tomorrow’s Jobs: The Best Career Opportunities in West...

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Tomorrow’s Jobs:

The Best Career Opportunities in

West Virginia Through 2020

Prepared for West Virginia Communications Division

Compiled by West Virginia Development Office – Research Unit

September, 2012

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Table of Contents

Summary Statements ......................................................................................1

Part 1: West Virginia’s Projected Workforce, 2010 to 2020.……..……..…..............2

Part 2: Fastest Growing Occupations in West Virginia ........................................3

Part 3: What West Virginia Workers Earn, by the Minimum……………………………… Training and Education Their Jobs Require …………………………………….…...7

Part 4: Fastest Declining Occupations in West Virginia through 2020 .……........8

Part 5: West Virginia Workers Skills Based Projections……………………………………..

and Gaps, 2008 – 2018 (not updated as of 9/14/12) ………………..…….12

Part 6: Fastest Growing Occupations Nationally by Education Required…......13

Part 7: Good Jobs Currently Available In West Virginia ...................................14

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Summary Statements

78.7% of all job openings in West Virginia through 2020 will be to fill existing positions.[1]

The other 21.3% will be new jobs – ones that did not exist before ‐ and nearly 60% of these will require at least a two‐year degree. [1] [5] Only 20% of the projected top 100 fastest growing occupations will require a high school education. At least, 27% of the top 100 fastest growing occupations will require post high school education such as vocational school, specialized training, an Associate’s Degree or some college but not a degree. An estimated 36% of those jobs will require a Bachelor’s Degree. About 11% will require a Master’s Degree while approximately 6% will require a Doctorate.

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Part 1: West Virginia’s Projected Workforce, 2010 to 2020

West Virginia’s total employed workforce in all industries is projected to grow from roughly 772,000 in 2010 to 809,000 in 2020 which equals more approximately 37,000 jobs or almost 4.8%. [4] Predicted annual job openings will be highest among the following five occupation sectors from 2010 to 2020; Office and Administrative Support Occupations, Sales and Related Occupations, Food Preparation and Serving‐Related Occupations, Transportation and Material Moving Occupations, Construction and Extraction Occupations. Without a doubt, Health Care, overall and encompassing the following jobs sectors is expected to have the largest increase in West Virginia total employment from 2010 to 2020: Health Care Healthcare Practitioners and Technical Occupations– from 32,000 to more than 38,000 and Healthcare Support Occupations – from 35,700 to 31,500. Subsequently, after the inclusive Health Care sector, employment in Computers and Mathematical occupations will grow by an aggregate 13% from 2010 to 2020.

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Part 2: Fastest Growing Occupations in West Virginia The next three pages indicate the 100 fastest‐growing occupations in West Virginia through 2020. [1] Included is wage data for each job using the entry level, average and experience wages paid 2012 statewide along with minimum education requirements. [3] [5] Approximately, 5,227 jobs should available in these 100 occupations annually. 51.8% (estimated 2,708) of these will be new jobs, where one did not exist before. 48.2% (estimated 2,519) of these will be replacement jobs, or replacing someone who left. The training requirements percentages follow: ‐ High School or equivalent (20%) ‐ Vocational or Specialized Training and Some College/no degree (11%) ‐ Associate’s degree (16%) ‐ Bachelor’s degree (36%) ‐ Master’s degree (11%) ‐ Doctorate or Professional degree (6%)

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Part 3: What West Virginia Workers Earn, by the Minimum

Training and Education Their Jobs Require

The training requirements percentages for the West Virginia’s 100 fastest growing occupations from 2010 to 2020 are:

The training requirements percentages follow: ‐ High School or equivalent (20%) ‐ Vocational or Specialized Business Training (9%) ‐ Some College w/no degree (2%) ‐ Associate’s degree (15%) ‐ Bachelor’s degree (37%) ‐ Master’s degree (11%) ‐ Doctorate or Professional degree (6%)

Jobs that require higher levels of education and training usually pay better. [3] An Associate Degree may offer the best return‐on‐investment. Occupations that typically require a minimum of a two‐year degree pay 85% of those that require a Bachelor’s degree pays. A few surprises are in jobs that require a Masters or Doctoral degree. Their comparatively low pay may be due to their heavy concentration in the education field and public administration.

For most occupations in West Virginia, the more education or training an entry‐level person needs to get a specific job, the higher the average wage.

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Part 4: Fastest Declining Occupations in West Virginia Through 2020

Annually, through 2020, approximately 1,414 jobs are expected to be available in the occupations in the chart on the following pages. [1] The number of people employed in these occupations is expected to decrease by about 7,386 by 2020. 100% (1,414) of these will be replacement jobs. 76% of these jobs require a high school education or less. About 10% of these jobs require a Bachelor’s Degree or more. [5]

And roughly 14% of these declining occupations require an Associate’s Degree, Vocational or Specialized Business Training or some college but not a degree.

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Part 5: West Virginia Workers Skills Based Projections and Gap – 2008 – 2018

Using ONET, the online electronic replacement for the Dictionary of Occupational Titles that is published by the Federal government, WorkForce West Virginia has compiled a listing of occupational skills gap faced by the State in supplying suitable workers for the 2018 projected jobs needs.[6]

Note: Data for 2010 – 2020 will be completed later in the year of 2012

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Part 6: Fastest Growing Occupations Nationally with Required Education

The following list, from the US Bureau of Labor Statistics, projects the Nation’s in‐demand occupations through 2020 for the Nation.[7]

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Part 7: Good Jobs Currently Available In West Virginia After investigating five leading West Virginia companies and the jobs they currently have available in‐state (early mid‐September, 2012):[8] • Alliant Techsystems, ATK Rocket Center (Mineral County) • Mylan Pharmaceuticals, Morgantown (Monongalia County) • E I DuPont De Nemours & Company (Wood and Kanawha County) • EQT Corporation (Harrison and Kanawha County) • West Virginia University Hospital System (Monongalia County)

127 available job titles equaling 210 permanent full time job openings and 226 part time or temporary job openings listed for these companies’ West Virginia locations.

Minimum Education required per job title: [5] • 22 (17.3%) job titles – a High School diploma or the equivalent • 25 (19.7 %) job titles – Vocational or Specialized Training or Some college, no degree • 13 (10.3%) job titles – an Associate Degree • 58 (45.7) job titles – a Bachelor's Degree • 7 (5.5%) job titles – a Master’s Degree • 2 (1.6%) job titles – a Doctorate is the preferred minimum.

The annual median pay for job titles requiring a high school education is estimated to be between an average $22,200. The annual median pay for job titles requiring vocational or specialized education or some college but no degree is estimated to be an average of $29,365. The annual median pay for job titles requiring a Bachelor’s degree is estimated to be between an average $53,677. The annual median pay for job titles requiring a Master’s degree is estimated to be between an average $61,785. The annual median pay for job titles requiring a Doctorate degree is estimated to be between an average $163,700.

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Bibliography

Tomorrow’s Jobs: The Best Career Opportunities in West Virginia Through 2020 1.West Virginia Occupational Projections Workforce West Virginia, “Long Term Occupational Projections 2010 to 2020” http://workforcewv.org/lmi/occproj/longterm/StateWide.htmb Data retrieved on September, 2012 2. West Virginia’s In‐Demand Occupations Workforce West Virginia, “West Virginia Demand Occupations, 2010 – 2020” http://www.workforcewv.org/lmi/occproj/longterm/WVDemand.htm Data retrieved on September, 2012 3. West Virginia Occupational Wages, 2008 WorkForce West Virginia, “Comparative Occupational Wages 2012 (1st. Quarter)” http://workforcewv.org/lmi/EW2012/q1/ew12x000.htm Data retrieved on September, 2012 4. West Virginia Long Term Industry Projections 2010 to 2020 WorkForce West Virginia, “Labor Force Information – Industry Projections)” http://workforcewv.org/lmi/indproj/longterm/WV.htm Data retrieved on September, 2012 5. Minimum Education and Training Requirements by Occupation National Center for O*NET Development., “O*NET Data Collection Program” http://www.onetonline.org/ Data retrieved September, 2012 6. West Virginia Workers Skills Based Projections and Gap: 2008 - 2018 Workforce West Virginia, “West Virginia Demand Occupations, 2008 – 2018” http://www.workforcewv.org/lmi/SBP/SkillsWV.htm Data retrieved September, 2011 (no update available as of 9/2012) 7. Fastest Growing Occupations in the United States, with the most significant source of postsecondary education or training required. US Bureau of Labor Statistics, Fastest growing occupations http://stats.bls.gov/emp/ep_table_103.htm Data retrieved on September, 2012 8. Career Opportunities at Select West Virginia Companies ‐ Alliant Techsystems, ATK Rocket Center (Mineral County): http://www.atk.com/Careers/careers_find_a_job.asp

‐ West Virginia University Hospitals (Monongalia County): http://wvuh.isg2.com/default.asp?ClientID=1356&B_ID=20

‐ Mylan Pharmaceuticals, Morgantown (Monongalia County): http://www.mylan.com/

‐ E I DuPont De Nemours & Company (Wood and Kanawha County): http://www2.dupont.com/corporate/en‐us/careers/career‐opportunities/careers‐inus.html

‐ EQT Corporation (Harrison and Kanawha County): http://www.eqt.com/ Data retrieved on September, 2012