Almost every company and business directly relies on the IT sector in many aspects. They leverage technology to conduct research and create innovations in the manufacturing, healthcare, and marketing sectors through machine learning and big data. The IT sector has four primary components: Business Process Management (BPM), IT services, hardware and software products, and engineering services.
IT Sector
The IT sector is vast and has the most secure jobs in India. This sector includes all technical and digital-driven verticals. The IT sector has various recession-proof jobs, and some of them are mentioned below:
Machine Learning
Machine Learning is a branch of data science and AI. ML assists software in evolving into more advanced software, predicting outcomes without getting direct or explicit programs to do the task. It compels computers with the capability to learn and improve from experiences. This branch of data science deals with data and algorithms to imitate tasks similar to human beings. With the correct Data Science skills, you can progress in your career as a Senior Data Scientist.
Companies like Facebook, Netflix, Amazon's e-commerce web applications, etc., implement algorithms based on machine learning for automating tasks and efficient use of big data for business benefits. This is why machine learning skills are in high demand, and aspirants can opt for this career option for a recession-proof career. As per the report of Fortune Business Insight, the growth of the global machine learning market will be USD 225.91 by 2030. And no doubt the Machine Learning job roles will tremendously rise in the coming years.
Aspirants should train their programming, statistical, mathematical, and AI skills to secure a recession-proof career in this field. You should upgrade your knowledge from reputed and well-known platforms and resources. The average annual salary of a machine learning engineer is 136,431 USD.
You can gain the required Machine Learning skills by pursuing the following courses:
- (IBM) Machine Learning Professional Certificate
- Optimizing Machine Learning Performance
- Apply Creative Machine Learning
Programming
As we all know, today's generation runs on technology, and for this, programming has become the backbone of our day-to-day lives, making it a recession-proof technical skill. Among all the recession-proof career options of all skills, programming skills come at the top. It is the skill of using different programming languages to create a set of instructions and give a command to the computer to execute any task. Every company targets hiring good and efficient programmers who are efficient in solving their problems, making creative ideas that make profits, and many more reasons. Some top programming languages aspirants should know are Python, C++, Java, PHP, JavaScript, etc., before thriving their career in programming verticals.
From research, it is clear that the demand for programming skills is rising exponentially, and one prediction says the global coding market will grow at a CAGR of 8.20% by 2022 to 2027 forecast years. Again, as per Emergen Research report, the global Python programming and development market will reach a market cap of 100.6 million USD in 2030, registering a CAGR of 44.8% from 2022 to 2030. The annual salary of a programmer ranges between $24,000 to $61,000.
You can master Programming languages by pursuing the following skills:
Data Management
Every company is a data-driven company dealing with big data to draw insights for an efficient business trajectory. To make a career in Big Data, Data Management is a must. This technique is used for managing, organizing, and accessing data for effective, productive data utilization for decision-making strategies. Data determine the equilibrium state and functions of a company. That is why data is one of the essential components. Enterprises rely on the data management department for a robust data management strategy as businesses rely on immaterial assets to produce value.
The role of a data management professional is to maintain, organize, collect, and analyze a large amount of data systematically. Grand View Research report says the global enterprise-grade data management market was 82.25 billion USD in 2021, and according to the prediction, the CAGR will reach 12.1% from 2022 to 2030. The average salary of a data management professional is $57,865 per year.
You can master Data Management by pursuing the following courses:
Cloud Computing
The term "cloud computing" was formerly a buzzword but turned into an on-demand access to Information Technology resources over the Internet. It is a cloud-based industry with a global market valued at 368.97 billion USD in the year 2021, according to the Grand View Research report. Further predictions say it will reach a CAGR of 14.1% from 2022 to 2030. More than 90% of companies are leveraging the flexibility and robust features of the cloud. Knowing how the evolution of the cloud can catalyze the growth of a business, companies are hiring cloud computing professionals with an average annual salary of 124,080 to 153,495 USD. Considering their flexibility, cloud computing job opportunities can also be considered recession-proof remote jobs.
So, knowing these facts, let us now discuss what cloud computing is. Cloud computing is on-demand access to IT resources through the Internet. Cloud users can buy, own, and maintain resources without using physical servers and data centers or access technology services, but using the computing power, database, and storage from a cloud provider such as Amazon Web Services (AWS), IBM, Google Cloud Platform, etc.
Cloud administrator professionals, cloud architects, and developers are in massive demand, and IT-based industries are hiring such professionals; thus, aspirants can go for these career options, which are unquestionably recession-proof and secured.
To hone your Cloud Computing skills, you can pursue these courses:
- AWS Developer services
- Architecting Hybrid Cloud Infrastructure with Anthos
- Explore Cloud Computing
- Alibaba Cloud Computing Specialization
Information Security
As long as companies run on data, it will compel attackers to corrupt and steal data of reputed organizations and business firms to gain unlawful access to digital data stored on the cloud, network, or computers. The chores of cyber criminals are simply a cost of running a business. As the anticipation of cyber attacks is growing in companies, cyber security professionals are getting high demand. The role of an information security specialist is to prevent cyber attacks and security incidents and scale back business damages that affect a company's growth, causing threats to business continuity. Thus, any company needs a cyber expert who can apparently deal with all such illicit activities and prevent confidential information from falling into the wrong hands. Due to this, making a career in Cybersecurity is a good career choice.
As per the report found by Allied Market Research, the global cyber security market size reached 197.36 billion USD in 2020 and will be around 478.68 billion USD by 2030. The CAGR is poised to increase by 9.5% from 2021 to 2030. This growing upsurge in the Information Security industry indicates the rise will exponentially increase in the coming decades. Thus, information security skills are not going anywhere, and aspirants should prepare for a recession-proof career in this domain by opting for specialized certifications and courses.
The following courses can help you gain necessary Information Technology (IT) skills:
- Network Security & Database Vulnerabilities
- Complete Cybersecurity Combo Pack
- Cloud Computing Security, Basic Network and Database Security
You can choose the information security verticals if you have a degree in computer science, statistics, or mathematics with some industry-level certifications such as Council Certified Security Analyst (ECSA), Certified Ethical Hacker (CEH), Licensed Penetration Tester (LPT), etc. On average, the annual earnings of an information security specialist is $65,539.
Full-stack Development
In this technology-driven world, if we discuss professional versatility, no profession is more satisfactory than a full-stack developer describing the term “versatile.” This job is widespread and high-priced among all IT positions. Full-stack developers are versatile specialists in both frontend and backend web development. Companies hire full-stack developers because they want them to be the jack of all trades. A full-stack developer owns multipotentiality that helps them develop, operate, and improve server-side operating systems, frameworks, databases, etc. while creating the user interface (UI) and gauging the user experience (UX) needed for a web or mobile application.
You should upskill your knowledge of basic capabilities such as JavaScript, HTML, CSS, Java, and Object-Oriented Programming to master if you wish to thrive as a full-stack developer.
To have polished full-stack development skills, you can pursue these courses:
- Full Stack Development Course (Bundle)
- Full Stack Development
- Full Stack Web Development Internship Program
- PG Program in Full Stack Development
The only way to minimize the gap between being a fresher and a professional at such high-demanding career options is by bridging yourself with your decision toward upskilling yourself. The global full-stack development market will rise to a CAGR of 13% by 2026. Because of this market demand, there is no doubt that companies will hire full-stack developers, paying an average annual salary of $69702.
Finance Sector
Finance is a recession-proof industry where you may find some of the highest-paying recession-proof jobs. The top three demanding career options in the Financial Industry are as follows.
Chartered Accountancy
The Chartered Accountant, or CA for short, is the doorway to different inspiring career options and opportunities all around the globe. Every business relies on a financial expert and needs an accounting professional who deals with the company's taxation, auditing, legal accounting, company recovery, etc. The business cycle of small- or large-scale industries is incomplete without a Chartered Accountant. Thus, this career option is in rising demand, and companies pay high value to these roles with an uncertain rise in demand. Chartered Accountants are in constant demand far and wide.
According to reports the growth rate of the Chartered Accountant will grow from 1.17 trillion USD in 2021 to 1.32 trillion USD in 2022, witnessing a CAGR of 12.7%. Aspirants who want to upskill their expertise in this financial field need professional courses and certifications for a successful Chartered Accountant career.
Being a Chartered Accountant student is the best resource for any company to hire. Aspirants can pursue industry-grade certifications like US Certified Public Accountant (CPA), ACCA Qualifications, etc. The annual salary of a Chartered accountant in India is ₹6,122,705; in the US, it is $73,546 on average.
You can gain the necessary Chartered Accountant skills by pursuing the following courses:
Bookkeeping
Accurate financial accounting records and transactions prevent a company from falling and reaching the highest demand and profits in today's vast business market. All these responsibilities go into the hands of a professional bookkeeper. The role of a bookkeeper is to keep records of a company's daily financial transactions and keep track of the money the company earns and spends by maintaining documentaries for taxation compliance. In the vast competitive business market, every company needs a bookkeeper to assist the managing department in making strategic decisions.
The research published by Data Intelo predicts the growth of the global bookkeeping market at a CAGR of 9.5% from 2022 to 2030. Some relevant skills, knowledge, and certifications can guide a willing aspirant toward a successful bookkeeper career option. Careervira can help you achieve proper guidance for preparing for such roles. On average, the annual salary of professional bookkeepers typically falls between $600-$6,000.
You can gain the necessary Bookkeeping skills by pursuing the following courses:
Again, recent research from Research and Markets expects the market demand for Bookkeepers will rise at a CAGR of 11.5% from 2026 to 2031, with a rate of 587.94 billion USD in 2021 to 1,738.70 billion USD in 2031.
Financial Analysis
Every company leverages data to pinpoint prospects or estimate outcomes for crucial business decisions or investment suggestions. An excellent data analysis determines a company's financial health and equilibrium state. In every financial service industry, the role of a financial analyst is the most coveted career. A financial analyst renders an informative analysis to determine business opportunities or make investment recommendations. Further, aspirants can prepare themselves as financial analysts for any financial company, such as investment firms, banks, insurance companies, pension funds, private equity groups, government agencies, etc.
A good and efficient financial advisor is always in high demand for any company, whether a large- or small-scale enterprise. Getting your foot in the door as a financial analyst can be easy with the top certifications like CFA (Chartered Financial Analyst), Certified Financial Planner (CFP), Certified Government Financial Manager (CGFM), etc. According to the Allied Market Research report, the global financial analytics market was 7.6 billion USD in 2020 and will reach 19.8 billion USD by 2030. The annual salary of a financial analyst in India is ₹4,795,700; in the US, it is nearly $57,606 per year.
You can gain the required Financial Analysis skills by pursuing the following courses:
Healthcare
Regardless of everything, a nation's healthcare industry plays the most significant role in treating a healthy lifestyle and the physical health of citizens above and beyond the nation's economy as a whole. Today, the healthcare industry is one of the fastest-growing industries globally. Below listed are some top recession-proof career options in the healthcare industry that are always in high demand.
Medical Professional
It is an umbrella term for many career options and specialties within this medical profession. Some of these are physicians, surgeons, pharmacists, etc. During the COVID-19 pandemic in 2020, people valued their well-being and allowed themselves a healthy and pain-free lifestyle. During that pandemic, medical experts like physicians, surgeons, and others were the saviors of many.
Physicians and surgeons are experts in diagnosing and treating patients' illnesses and performing surgical operations. They diagnose health problems and advise patients to develop healthy habits that treat illnesses by taking medical history checkups and performing physical tests on the patients. Surgeons are experts in performing surgeries. They are responsible for a preoperative diagnosis of their patients, taking a medical history of patients, and updating their diet charts to examine relevant therapies.
According to one report, the global market size of primary care physicians was 1062.40 billion USD in 2022, and research predicts that it will hit around 1511.7 billion USD by 2030, registering a CAGR of 4.5% in the forecast years 2021 to 2030. It clarifies that the demand for Medical Professional skills will increase exponentially in the healthcare industry. The average annual salary of a Medical professional is $6,000 -$29,000 for a physician and $72,000 - $297,000 for a surgeon.
Seeing these positive reports on the market growth of medical professional skills, aspirants can opt for a recession-proof career in medical jobs like physicians, surgeons pursuing qualified certifications like American Board of Medical Specialties (ABMS), American Board of Physician Specialties (ABPS), Physician Assistant-Certified (PA-C) (NCCPA), American Board of Emergency Medicine (ABEM), etc.
The following courses will help you develop the necessary medical skills:
- Physician Assistant
- Physician/Student Opioid Use Disorder Medication Assisted Treatment Waiver Training
- So You Want To Be A Surgeon
Certified Nursing Assistant
A Certified Nursing Assistant (CNA) is likely the most influential person in the healthcare industry who takes responsibility for patient care and supervision. They are the voice of their patient because they understand them, know every medical report, and are with them or the resident 24/7. All these responsibilities make a CNA professional the first line of treatment, observation, and interaction. As any healthcare industry cannot afford all these responsibilities without a CNA, these jobs are in high demand across the healthcare board and are undoubtedly recession-proof career options for aspirants.
According to the Allied Market Research report, the global private nursing services market size was 415.7 billion USD in 2021, and their projection predicts that it will reach 848.7 billion USD by 2031, registering a CAGR of 7.5% from 2022 to 2031. These facts and reports make clear that the demand for nursing professionals will reach new horizons even in the recession of 2023.
With further studies, aspirants can bridge the gap to promote their medical career from CNA to LPN or RN. Also, aspirants should go for qualified certifications such as AIDS Certified Registered Nurse (ACRN), Certified Nurse Technician (CNT), Patient Care Technician, Certified Medical Administrative Assistant (CMAA), etc., and courses in the nursing profession, which will improve their abilities and skills. On average, the salary of a CNA is $116,000 - $209,000 per year.
You can develop the necessary nursing skills by pursuing the following courses:
Medical Laboratory Technician
While understanding the importance of the two traditional healthcare jobs, physicians or nursing assistants, there are other vital career options in the industry to consider. Medical laboratory technicians play a significant role in any healthcare industry. Physicians need various kinds of analysis through laboratory tests before starting medical treatment and diagnosis. Based on the results of the medical tests, they undergo preventive measures. It is where we find the importance of a Medical laboratory expert. They have various duties, like collecting blood samples, generating reports, and processing them to log test data on the medical records. These responsibilities might differ depending on the healthcare sector and laboratory settings.
One report says that healthcare job skills, like medical laboratory technician skills, are in massive demand and are predicted to increase by 13% from 2021 to 2031. In particular, according to the Grand View Research report, the global market size of clinical laboratory services was valued at USD 201.94 billion in 2021 and will reach a CAGR of 3.7% from 2022 to 2030.
If you are looking for a recession-proof job in 2023, expertise in a medical laboratory can be an excellent career option. On average, the annual salary of medical laboratory technicians in India is ₹353,500; in the US, it is 49,533 USD per year.
To upgrade your skills in the medical laboratory, you can go for different online courses such as:
- Medical Laboratory Technician
- Laboratory Technician
- Mini Medical School: Introduction to Medical Science
Educational Industry
The Educational industry is the foundation of any other career options, especially for all recession-proof career options of all skill levels. The utility of this industry is everywhere, from the business industry to the healthcare sector, and it creates a significant perspective on our lives. The top two career options in the educational sector are Corporate Trainers and Subject Matter Experts. You can make your career recession-proof with these skills in 2023.
Corporate Training
Corporate Training is one of the essential aspects for strengthening a company's employee performance. Any company might face new challenges in several conditions, from rapid adaption to ever-changing market requirements to managing cash flow and financial management. It makes a Corporate Trainer come into action, who is a specialist accountable for boosting the company's productivity by imparting knowledge or new skills to employees. They also aim to train the employees on a wide range of work-related subjects to support the organization in reaching its targets while upgrading employees' career prospects.
The demand for corporate trainers is increasing exponentially, and they are becoming influential assets for small- and large-scale industries. According to the Allied Market Research report, the global corporate training market is uniformly rising from 332.9 billion USD in 2019 to around 487.3 billion USD by 2030. The CAGR is poised to increase by 8% during the prediction years 2021 to 2030. The average annual salary of a high-skilled corporate trainer in India is ₹4,223,023. In the US, it is $50,727.
You can gain the necessary Corporate skills with Train the Trainer: Certificate in Corporate Training.
Subject Matter Expert
Every company needs experts who can provide ideas on real-time industry insights and business environments, facing new challenges every time. Subject Matter Experts are professionals in providing advanced knowledge in specific subject matters. Organizations like Chegg, Evelyn, Accenture, IBM, Amazon, Tata Consultancy Services, and many others employ freelance Subject Matter Experts by signing up on their website or from campus hiring. Thus, companies will never stop hiring such professionals for their upsurge, and aspirants with a knack for solving specific problems or meeting business challenges can use their skills in this field.
The average annual salary of a Subject Matter Expert in India is ₹358,480, and in the US is $4,306. Numerous online course-providing companies provide crash courses and certifications to help aspirants develop and train skills in the subject matter verticals. Some top industry-grade certifications are Microsoft Certified Solutions Expert (MCSE), Certified Information Security Manager (CISM), Project Management Professional (PMP), etc.
Almost every company and business directly relies on the IT sector in many aspects. They leverage technology to conduct research and create innovations in the manufacturing, healthcare, and marketing sectors through machine learning and big data. The IT sector has four primary components: Business Process Management (BPM), IT services, hardware and software products, and engineering services.
IT Sector
The IT sector is vast and has the most secure jobs in India. This sector includes all technical and digital-driven verticals. The IT sector has various recession-proof jobs, and some of them are mentioned below:
Machine Learning
Machine Learning is a branch of data science and AI. ML assists software in evolving into more advanced software, predicting outcomes without getting direct or explicit programs to do the task. It compels computers with the capability to learn and improve from experiences. This branch of data science deals with data and algorithms to imitate tasks similar to human beings. With the correct Data Science skills, you can progress in your career as a Senior Data Scientist.
Companies like Facebook, Netflix, Amazon's e-commerce web applications, etc., implement algorithms based on machine learning for automating tasks and efficient use of big data for business benefits. This is why machine learning skills are in high demand, and aspirants can opt for this career option for a recession-proof career. As per the report of Fortune Business Insight, the growth of the global machine learning market will be USD 225.91 by 2030. And no doubt the Machine Learning job roles will tremendously rise in the coming years.
Aspirants should train their programming, statistical, mathematical, and AI skills to secure a recession-proof career in this field. You should upgrade your knowledge from reputed and well-known platforms and resources. The average annual salary of a machine learning engineer is 136,431 USD.
You can gain the required Machine Learning skills by pursuing the following courses:
- (IBM) Machine Learning Professional Certificate
- Optimizing Machine Learning Performance
- Apply Creative Machine Learning
Programming
As we all know, today's generation runs on technology, and for this, programming has become the backbone of our day-to-day lives, making it a recession-proof technical skill. Among all the recession-proof career options of all skills, programming skills come at the top. It is the skill of using different programming languages to create a set of instructions and give a command to the computer to execute any task. Every company targets hiring good and efficient programmers who are efficient in solving their problems, making creative ideas that make profits, and many more reasons. Some top programming languages aspirants should know are Python, C++, Java, PHP, JavaScript, etc., before thriving their career in programming verticals.
From research, it is clear that the demand for programming skills is rising exponentially, and one prediction says the global coding market will grow at a CAGR of 8.20% by 2022 to 2027 forecast years. Again, as per Emergen Research report, the global Python programming and development market will reach a market cap of 100.6 million USD in 2030, registering a CAGR of 44.8% from 2022 to 2030. The annual salary of a programmer ranges between $24,000 to $61,000.
You can master Programming languages by pursuing the following skills:
Data Management
Every company is a data-driven company dealing with big data to draw insights for an efficient business trajectory. To make a career in Big Data, Data Management is a must. This technique is used for managing, organizing, and accessing data for effective, productive data utilization for decision-making strategies. Data determine the equilibrium state and functions of a company. That is why data is one of the essential components. Enterprises rely on the data management department for a robust data management strategy as businesses rely on immaterial assets to produce value.
The role of a data management professional is to maintain, organize, collect, and analyze a large amount of data systematically. Grand View Research report says the global enterprise-grade data management market was 82.25 billion USD in 2021, and according to the prediction, the CAGR will reach 12.1% from 2022 to 2030. The average salary of a data management professional is $57,865 per year.
You can master Data Management by pursuing the following courses:
Cloud Computing
The term "cloud computing" was formerly a buzzword but turned into an on-demand access to Information Technology resources over the Internet. It is a cloud-based industry with a global market valued at 368.97 billion USD in the year 2021, according to the Grand View Research report. Further predictions say it will reach a CAGR of 14.1% from 2022 to 2030. More than 90% of companies are leveraging the flexibility and robust features of the cloud. Knowing how the evolution of the cloud can catalyze the growth of a business, companies are hiring cloud computing professionals with an average annual salary of 124,080 to 153,495 USD. Considering their flexibility, cloud computing job opportunities can also be considered recession-proof remote jobs.
So, knowing these facts, let us now discuss what cloud computing is. Cloud computing is on-demand access to IT resources through the Internet. Cloud users can buy, own, and maintain resources without using physical servers and data centers or access technology services, but using the computing power, database, and storage from a cloud provider such as Amazon Web Services (AWS), IBM, Google Cloud Platform, etc.
Cloud administrator professionals, cloud architects, and developers are in massive demand, and IT-based industries are hiring such professionals; thus, aspirants can go for these career options, which are unquestionably recession-proof and secured.
To hone your Cloud Computing skills, you can pursue these courses:
- AWS Developer services
- Architecting Hybrid Cloud Infrastructure with Anthos
- Explore Cloud Computing
- Alibaba Cloud Computing Specialization
Information Security
As long as companies run on data, it will compel attackers to corrupt and steal data of reputed organizations and business firms to gain unlawful access to digital data stored on the cloud, network, or computers. The chores of cyber criminals are simply a cost of running a business. As the anticipation of cyber attacks is growing in companies, cyber security professionals are getting high demand. The role of an information security specialist is to prevent cyber attacks and security incidents and scale back business damages that affect a company's growth, causing threats to business continuity. Thus, any company needs a cyber expert who can apparently deal with all such illicit activities and prevent confidential information from falling into the wrong hands. Due to this, making a career in Cybersecurity is a good career choice.
As per the report found by Allied Market Research, the global cyber security market size reached 197.36 billion USD in 2020 and will be around 478.68 billion USD by 2030. The CAGR is poised to increase by 9.5% from 2021 to 2030. This growing upsurge in the Information Security industry indicates the rise will exponentially increase in the coming decades. Thus, information security skills are not going anywhere, and aspirants should prepare for a recession-proof career in this domain by opting for specialized certifications and courses.
The following courses can help you gain necessary Information Technology (IT) skills:
- Network Security & Database Vulnerabilities
- Complete Cybersecurity Combo Pack
- Cloud Computing Security, Basic Network and Database Security
You can choose the information security verticals if you have a degree in computer science, statistics, or mathematics with some industry-level certifications such as Council Certified Security Analyst (ECSA), Certified Ethical Hacker (CEH), Licensed Penetration Tester (LPT), etc. On average, the annual earnings of an information security specialist is $65,539.
Full-stack Development
In this technology-driven world, if we discuss professional versatility, no profession is more satisfactory than a full-stack developer describing the term “versatile.” This job is widespread and high-priced among all IT positions. Full-stack developers are versatile specialists in both frontend and backend web development. Companies hire full-stack developers because they want them to be the jack of all trades. A full-stack developer owns multipotentiality that helps them develop, operate, and improve server-side operating systems, frameworks, databases, etc. while creating the user interface (UI) and gauging the user experience (UX) needed for a web or mobile application.
You should upskill your knowledge of basic capabilities such as JavaScript, HTML, CSS, Java, and Object-Oriented Programming to master if you wish to thrive as a full-stack developer.
To have polished full-stack development skills, you can pursue these courses:
- Full Stack Development Course (Bundle)
- Full Stack Development
- Full Stack Web Development Internship Program
- PG Program in Full Stack Development
The only way to minimize the gap between being a fresher and a professional at such high-demanding career options is by bridging yourself with your decision toward upskilling yourself. The global full-stack development market will rise to a CAGR of 13% by 2026. Because of this market demand, there is no doubt that companies will hire full-stack developers, paying an average annual salary of $69702.
Finance Sector
Finance is a recession-proof industry where you may find some of the highest-paying recession-proof jobs. The top three demanding career options in the Financial Industry are as follows.
Chartered Accountancy
The Chartered Accountant, or CA for short, is the doorway to different inspiring career options and opportunities all around the globe. Every business relies on a financial expert and needs an accounting professional who deals with the company's taxation, auditing, legal accounting, company recovery, etc. The business cycle of small- or large-scale industries is incomplete without a Chartered Accountant. Thus, this career option is in rising demand, and companies pay high value to these roles with an uncertain rise in demand. Chartered Accountants are in constant demand far and wide.
According to reports the growth rate of the Chartered Accountant will grow from 1.17 trillion USD in 2021 to 1.32 trillion USD in 2022, witnessing a CAGR of 12.7%. Aspirants who want to upskill their expertise in this financial field need professional courses and certifications for a successful Chartered Accountant career.
Being a Chartered Accountant student is the best resource for any company to hire. Aspirants can pursue industry-grade certifications like US Certified Public Accountant (CPA), ACCA Qualifications, etc. The annual salary of a Chartered accountant in India is ₹6,122,705; in the US, it is $73,546 on average.
You can gain the necessary Chartered Accountant skills by pursuing the following courses:
Bookkeeping
Accurate financial accounting records and transactions prevent a company from falling and reaching the highest demand and profits in today's vast business market. All these responsibilities go into the hands of a professional bookkeeper. The role of a bookkeeper is to keep records of a company's daily financial transactions and keep track of the money the company earns and spends by maintaining documentaries for taxation compliance. In the vast competitive business market, every company needs a bookkeeper to assist the managing department in making strategic decisions.
The research published by Data Intelo predicts the growth of the global bookkeeping market at a CAGR of 9.5% from 2022 to 2030. Some relevant skills, knowledge, and certifications can guide a willing aspirant toward a successful bookkeeper career option. Careervira can help you achieve proper guidance for preparing for such roles. On average, the annual salary of professional bookkeepers typically falls between $600-$6,000.
You can gain the necessary Bookkeeping skills by pursuing the following courses:
Again, recent research from Research and Markets expects the market demand for Bookkeepers will rise at a CAGR of 11.5% from 2026 to 2031, with a rate of 587.94 billion USD in 2021 to 1,738.70 billion USD in 2031.
Financial Analysis
Every company leverages data to pinpoint prospects or estimate outcomes for crucial business decisions or investment suggestions. An excellent data analysis determines a company's financial health and equilibrium state. In every financial service industry, the role of a financial analyst is the most coveted career. A financial analyst renders an informative analysis to determine business opportunities or make investment recommendations. Further, aspirants can prepare themselves as financial analysts for any financial company, such as investment firms, banks, insurance companies, pension funds, private equity groups, government agencies, etc.
A good and efficient financial advisor is always in high demand for any company, whether a large- or small-scale enterprise. Getting your foot in the door as a financial analyst can be easy with the top certifications like CFA (Chartered Financial Analyst), Certified Financial Planner (CFP), Certified Government Financial Manager (CGFM), etc. According to the Allied Market Research report, the global financial analytics market was 7.6 billion USD in 2020 and will reach 19.8 billion USD by 2030. The annual salary of a financial analyst in India is ₹4,795,700; in the US, it is nearly $57,606 per year.
You can gain the required Financial Analysis skills by pursuing the following courses:
Healthcare
Regardless of everything, a nation's healthcare industry plays the most significant role in treating a healthy lifestyle and the physical health of citizens above and beyond the nation's economy as a whole. Today, the healthcare industry is one of the fastest-growing industries globally. Below listed are some top recession-proof career options in the healthcare industry that are always in high demand.
Medical Professional
It is an umbrella term for many career options and specialties within this medical profession. Some of these are physicians, surgeons, pharmacists, etc. During the COVID-19 pandemic in 2020, people valued their well-being and allowed themselves a healthy and pain-free lifestyle. During that pandemic, medical experts like physicians, surgeons, and others were the saviors of many.
Physicians and surgeons are experts in diagnosing and treating patients' illnesses and performing surgical operations. They diagnose health problems and advise patients to develop healthy habits that treat illnesses by taking medical history checkups and performing physical tests on the patients. Surgeons are experts in performing surgeries. They are responsible for a preoperative diagnosis of their patients, taking a medical history of patients, and updating their diet charts to examine relevant therapies.
According to one report, the global market size of primary care physicians was 1062.40 billion USD in 2022, and research predicts that it will hit around 1511.7 billion USD by 2030, registering a CAGR of 4.5% in the forecast years 2021 to 2030. It clarifies that the demand for Medical Professional skills will increase exponentially in the healthcare industry. The average annual salary of a Medical professional is $6,000 -$29,000 for a physician and $72,000 - $297,000 for a surgeon.
Seeing these positive reports on the market growth of medical professional skills, aspirants can opt for a recession-proof career in medical jobs like physicians, surgeons pursuing qualified certifications like American Board of Medical Specialties (ABMS), American Board of Physician Specialties (ABPS), Physician Assistant-Certified (PA-C) (NCCPA), American Board of Emergency Medicine (ABEM), etc.
The following courses will help you develop the necessary medical skills:
- Physician Assistant
- Physician/Student Opioid Use Disorder Medication Assisted Treatment Waiver Training
- So You Want To Be A Surgeon
Certified Nursing Assistant
A Certified Nursing Assistant (CNA) is likely the most influential person in the healthcare industry who takes responsibility for patient care and supervision. They are the voice of their patient because they understand them, know every medical report, and are with them or the resident 24/7. All these responsibilities make a CNA professional the first line of treatment, observation, and interaction. As any healthcare industry cannot afford all these responsibilities without a CNA, these jobs are in high demand across the healthcare board and are undoubtedly recession-proof career options for aspirants.
According to the Allied Market Research report, the global private nursing services market size was 415.7 billion USD in 2021, and their projection predicts that it will reach 848.7 billion USD by 2031, registering a CAGR of 7.5% from 2022 to 2031. These facts and reports make clear that the demand for nursing professionals will reach new horizons even in the recession of 2023.
With further studies, aspirants can bridge the gap to promote their medical career from CNA to LPN or RN. Also, aspirants should go for qualified certifications such as AIDS Certified Registered Nurse (ACRN), Certified Nurse Technician (CNT), Patient Care Technician, Certified Medical Administrative Assistant (CMAA), etc., and courses in the nursing profession, which will improve their abilities and skills. On average, the salary of a CNA is $116,000 - $209,000 per year.
You can develop the necessary nursing skills by pursuing the following courses:
Medical Laboratory Technician
While understanding the importance of the two traditional healthcare jobs, physicians or nursing assistants, there are other vital career options in the industry to consider. Medical laboratory technicians play a significant role in any healthcare industry. Physicians need various kinds of analysis through laboratory tests before starting medical treatment and diagnosis. Based on the results of the medical tests, they undergo preventive measures. It is where we find the importance of a Medical laboratory expert. They have various duties, like collecting blood samples, generating reports, and processing them to log test data on the medical records. These responsibilities might differ depending on the healthcare sector and laboratory settings.
One report says that healthcare job skills, like medical laboratory technician skills, are in massive demand and are predicted to increase by 13% from 2021 to 2031. In particular, according to the Grand View Research report, the global market size of clinical laboratory services was valued at USD 201.94 billion in 2021 and will reach a CAGR of 3.7% from 2022 to 2030.
If you are looking for a recession-proof job in 2023, expertise in a medical laboratory can be an excellent career option. On average, the annual salary of medical laboratory technicians in India is ₹353,500; in the US, it is 49,533 USD per year.
To upgrade your skills in the medical laboratory, you can go for different online courses such as:
- Medical Laboratory Technician
- Laboratory Technician
- Mini Medical School: Introduction to Medical Science
Educational Industry
The Educational industry is the foundation of any other career options, especially for all recession-proof career options of all skill levels. The utility of this industry is everywhere, from the business industry to the healthcare sector, and it creates a significant perspective on our lives. The top two career options in the educational sector are Corporate Trainers and Subject Matter Experts. You can make your career recession-proof with these skills in 2023.
Corporate Training
Corporate Training is one of the essential aspects for strengthening a company's employee performance. Any company might face new challenges in several conditions, from rapid adaption to ever-changing market requirements to managing cash flow and financial management. It makes a Corporate Trainer come into action, who is a specialist accountable for boosting the company's productivity by imparting knowledge or new skills to employees. They also aim to train the employees on a wide range of work-related subjects to support the organization in reaching its targets while upgrading employees' career prospects.
The demand for corporate trainers is increasing exponentially, and they are becoming influential assets for small- and large-scale industries. According to the Allied Market Research report, the global corporate training market is uniformly rising from 332.9 billion USD in 2019 to around 487.3 billion USD by 2030. The CAGR is poised to increase by 8% during the prediction years 2021 to 2030. The average annual salary of a high-skilled corporate trainer in India is ₹4,223,023. In the US, it is $50,727.
You can gain the necessary Corporate skills with Train the Trainer: Certificate in Corporate Training.
Subject Matter Expert
Every company needs experts who can provide ideas on real-time industry insights and business environments, facing new challenges every time. Subject Matter Experts are professionals in providing advanced knowledge in specific subject matters. Organizations like Chegg, Evelyn, Accenture, IBM, Amazon, Tata Consultancy Services, and many others employ freelance Subject Matter Experts by signing up on their website or from campus hiring. Thus, companies will never stop hiring such professionals for their upsurge, and aspirants with a knack for solving specific problems or meeting business challenges can use their skills in this field.
The average annual salary of a Subject Matter Expert in India is ₹358,480, and in the US is $4,306. Numerous online course-providing companies provide crash courses and certifications to help aspirants develop and train skills in the subject matter verticals. Some top industry-grade certifications are Microsoft Certified Solutions Expert (MCSE), Certified Information Security Manager (CISM), Project Management Professional (PMP), etc.
