Question

You are your most valuable resource. Explain how you are investing in yourself by going to school. What does the outlook in your field in terms of employment have to do with your choice of major? Visit www.bls.gov and consult the Occupational Outlook handbook to answer this question

Answer 1

From my personal experience, I can say that the most valuable investment that you own is the net worth of your future earnings. Your future earnings may fluctuate depending upon your investment decision. While taking admission in school, you have obviously a desire to gain primary education that is early ladder to your future career and earning potentials. You are investing money, time and energy on your educational studies but it also creates certain value for you. Your investment in academic and professional studies may be influenced by several factors such as your family's income, employment prospects of learning fields, advise of friends and relatives. Investment known as you may or may not yield the same returns over the years. You after completing primary education intends to acquire higher education and before taking admission into any higher study course you must weigh your budget, costs of an educational course in different institutions and present job market of your country.

Job outlook is the assessment of number of people to be employed in a particular sector in near future. The US Bureau of labor Statistics (BLS) presents the future estimates of employment in each sector of the US economy. BLS presents the rate of employment in various sectors during next year. It also classify occupations on the basis of salaries offered. The 2017 labor data of BLS predicts occupations such as surgeons and anesthesiologists as highest paying jobs offering median salary of $208,000 per year. while petroleum engineers job offers lowest salary of $132,280 per year. The fastest growing jobs during 2016-26 estimated by BLS are Solar photovoltaic installers, Personal care Aides, Medical assistants and operational research analysts. You can use BLS statistics in your career investment decision and decide to choose a most suitable occupation for yourself. Before, opting a career field, you must also judge whether the chosen field fulfills your long term interests and financial objectives and whether you finds yourself fit enough to find job in the selected field.