17 Canadian Recession Proof Careers
Despite the economic downturn, these careers are still growing. These industries project promise—and jobs—for the future, according to data extracted from Human Resources Development Canada (HRDC), and Canada Occupational Information database.
- Software Development/Designer Including also Web developers, Apps developers .
Median pay: $85,000-$95,000
When businesses need people to write programs to fit their needs, these are the people they call on.
- Nursing and other Health Related fields
Median pay: $35,000-$60,000
Nurses are almost universally needed, no matter what city or town you call home. And a perpetual shortage means plenty of jobs. Doctors and nurses are obviously vital but also people like health economists and epidemiologists are in demand to help the government understand how best to channel resources for future generations.
Median pay: $65,000-$70,000 Managers who are great with numbers are always in high demand, in both good times and bad.
- Business Analysts
Median pay: $65,000-$75,000 Analysts research how to fulfill the needs of their prospective companies
- Forensic Science
Technician Median pay: $48,000 These are the scientists who solve crimes by working with evidence in a lab
- Dental Hygienist
Median pay: $62,000 The dental helpers who clean your teeth have a higher median salary and a stable career
Math, Physics and science teachers will be in demand as Canada struggles to compete with other countries in engineering, technology, and medicine. A growing immigrant population means more English-as-a-second-language classes will be needed.
- Postsecondary teachers and Trained Online Instructors – Median salary: $56,120 Education: bachelor’s degree and often a master’s or doctorate
- Teacher assistants – Median salary: $21,580 Education: some post-secondary education or vocational training
- •Educational, vocational, and school counselors – Median salary: $49,450 Education: secondary education, associate’s, bachelor’s, or master’s
- Database Administrator Median pay: $70,000 Workers with the ability to organize data are in high demand and will continue to be as more systems go online.
- Trades Services
This includes such trades-people like plumbers and electricians. Often times such jobs require a level of manual labour that many are uncomfortable performing – this incentivizes people to hire the necessary experts for the job. While housing development may take a hit during such times, maintenance issues will always be present.
Some of the jobs in this field are the result of projects started a year or more ago. But the real boost will come from the new administration’s commitment to a more efficient national energy system. “Growth of energy consumption around the world will keep this sector strong,” says Laurence Shatkin, coauthor of 150 Best Recession-Proof Jobs.
- Power plant operators – Median salary: $56,640 Education: vocational training and several years of on-the-job training
- Insulation workers – Median salary: $31,280 Education: secondary education and vocational training
- Electrical power-line installers and repairers – Median salary: $52,570 Education: vocational training and several years of on-the-job training
- Mental Health
Counsellor Median pay: $37,840 Counsellors assist clients dealing with mental health issues such as depress
- Skin Care Specialist
Median pay: $30,000 While the average salary is low, the stability of skin specialists who work in spas is on the up and up.
- Green Environment
Green is getting the green light in a nationwide push to make homes and office buildings more energy-efficient and to develop alternative energy sources (solar, wind, nuclear) as well as fuel cell technology. “Anything involved with wind power, either the design or related products, will be big,” says Laurence Stybel.
- Environmental scientists – Median salary: $58,380 Education: master’s
- Environmental engineers – Median salary: $72,350 Education: bachelor’s
- Hydrologists – Median salary: $68,140 Education: master’s
Median pay: $80,000 While vets definitely have to endure more schooling, we’ll always need specialists to heal our precious pets.
- Financial Services
Rising from the ashes of a very bad year, financial services have a bright future. Corporate America’s wretched excesses mean more government regulation. Workers who are retiring will need advice on how to make their money last. Small businesses may outsource accounting services. As we get to the middle of the recession, there will be a wave of mergers and acquisitions, Stybel predicts. “People with experience in managing the process-corporate attorneys, investment bankers, and accountants-will be in demand.”
- Financial advisers – Median salary: $67,660 Education: bachelor’s •Accountants and auditors – Median salary: $57,060 Education: bachelor’s
- Sales agents (securities and commodities) – Median salary: $68,430Education: bachelor’s
Once you become a citizen, more than half a million employees will retire by 2021, leaving open positions at agencies at The Canadian Security Intelligence Service, also known as ( CSIS) or The Canadian Space Agency (CSA. There will also be opportunities at the state and local levels. “In addition to police work and homeland security, government inspects and regulates many industries,” says Shatkin. “Workers can sometimes capitalize on their experience in an industry by moving into a regulatory job.”
- Government property inspectors – Median salary: $48,400 Education: vocational training, associate’s or bachelor’s
- Immigration and customs inspectors – Median salary: $59,930 Education: bachelor’s
- Urban and regional planners – Median salary: $57,970Education: master’s
- Funeral Services
As morbid as it may sound, morticians should not be affected by the financial crisis since they will always have customers. One could even make the argument that the recession shall lead to even more customers since the stress of unemployment could lead to a rise in the death rate.
When you apply for insurance, actuaries look at your overall qualities (job, health, family medical history) and will try to come up with a rough idea on what potential health risks you might face in the future. This is something insurance companies care deeply about since this directly impacts their profit margin. In 2008, Time Magazine looked at the salaries of which jobs least respond to economic downturns; Actuaries were ranked as one of the best on this list
One of the sectors preparing for a boom is infrastructure, which will benefit from the billions of dollars in highway, sewer, transit and building projects contained in the latest and past federal budgets