What Professions Will Demand in 5 Years

Updated: 19.05.2023

While it is true that we are currently living in tumultuous times, it is also true that we are living in a time of rapid progress and innovation. In our fast-paced, tech-based society, there is an ever-growing need for improved artificial intelligence, advancements in sustainable development, and other forms of technological evolution.

It is this pressing need for development that shapes the current employment landscape, as well as the future of professionals everywhere. In fact, by 2030, these rapid changes within the labor market will result in 375 million workers needing to learn new skills and work in different fields.

What skills are currently the most sought-after in the job market? What challenges do employers face in these times, and what skills must professionals possess in order to help overcome these problems? These questions and more will be addressed in this article, with analysis from the CasinoCanada research team. After all, as our head of content, Dmitry Rogalchuck, has pointed out:

“Just like any other industry out there, the online casino landscape will be affected by these changes in the job market. It is therefore important that both we and our readers keep an open mind and look to the future.”

Top 5 Professions Showing the Most Rapid Growth

In a recent study from the World Economic Forum, it is clear that the job market is quickly changing. This report shows that there are 69 million new jobs to be created and 83 eliminated, giving a total net decrease of 14 million jobs. This represents 2% of current employment.

The study also found that the five most rapidly growing professions are AI/machine learning specialists, sustainability specialists, business intelligence analysts, information security analysts, and fintech engineers. In this section, we’ll explain some key points about these professions.

Keep in mind that these professions have grown lately in response to factors including increased digital access and the adoption of new technologies. An increasing number of companies have begun to discover the need for cloud computing, big data, and AI/machine learning technology.

Additionally, to meet ever more stringent ESG requirements, employers need experts in sustainability who are able to provide new, innovative design and development solutions for the future.

AI/Machine Learning Specialists

Average salary in Canada: $122,676 per year

Where to study for this role: Harvard University, Massachusetts Institute of Technology (MIT), Stanford Online

Who hires these professionals: Aviva, Huawei, Stripe, Tiger Analytics

Artificial intelligence experts may be employed in anything from drug development to the design of self-driving vehicles. These specialists use their strong knowledge of mathematics and coding expertise to design and develop machine learning systems and to implement algorithms to help solve key problems across all industries. Compared to just five years ago, there are 10 times as many people in this profession due to an increasing need for AI technology, with experts estimating that this field will see almost 40% growth by 2028.

People looking to enter this profession will need a master’s degree in mathematics, computer science, or some other related field.

Sustainability specialists

Average salary in Canada: $100,289 per year

Where to study for this role: Cape Breton University, Harvard Business School, The University of Toronto

Who hires these professionals: Calgary Stampede, CIMCO Refrigeration, Loblaw Companies, McCain Foods

With the ongoing climate crisis still a major issue, companies across all industries are becoming more environmentally conscious, looking for ways of conducting business that will help safeguard our planet. In fact, studies show that consumers, investors, and employees are all demonstrating a growing concern with the implementation of sustainable practices in business. As a result, this sector is forecasted to grow by roughly 30% over the course of the next five years.

This is where sustainability specialists come in. These professionals conduct research and analysis in order to develop and introduce sustainability strategies for businesses, allowing these companies to meet the high expectations of customers. Sustainability specialists are also responsible for explaining sustainability efforts to stakeholders and ensuring that companies make consistent progress.

Most professionals in this line of work have an academic background in either business, environmental science, or a combination of the two.

Business Intelligence Analysts

Average salary in Canada: $136,007 per year

Where to study for this role: Carleton University, Canada College, The University of Alberta

Who hires these professionals: CAA Club Group, CAE, Delmar International Inc., Randstad Canada

Business intelligence analysts are responsible for gathering and analyzing data within a business. These professionals then identify trends within this data and use this information to recommend business strategies going forward. In today’s incredibly competitive market, it’s essential to have this analytical edge in order to succeed. And with the business intelligence market size expected to soar as high as USD 54.27 billion at a 9.1% CAGR by 2030, it seems professionals in this arena will meet with success, too.

Many business intelligence analysts boast master’s degrees in business administration or information technology or a master’s relevant to their specific field.

Information Security Analysts

Average salary in Canada: $143,080

Where to study for this role: Ontario Tech University, Toronto School of Management, York University

Who hires these professionals: Desjardins, Keywords Studio, Randstad Canada, Vancouver Airport Authority

Information security analysts are charged with maintaining network security. This involves monitoring networks for security breaches, documenting and reporting such breaches as they occur, and implementing security software in order to safeguard sensitive data. With more and more businesses moving online, and with an ever-increasing number of data breaches and privacy concerns, such important work is more crucial than ever to ensure that private data is handled responsibly and securely. This is no doubt a large part of the reason why the number of jobs available for information security analysts is forecasted to rise by 35% between 2021 and 2030.

Most entry-level information security analysis roles require at least a bachelor’s degree in programming, computer science, or a related field.

Fintech Engineers

Average salary in Canada: $139,000

Where to study for this role: Centennial College, Smith School of Business, Stanford Online

Who hires these professionals: ApplyBoard, Hopper, Peoples Trust, Scotiabank

Fintech engineers can be found both in the employ of prestigious banking firms and forward-thinking online casinos. These professionals help to develop financial technology with the end goal of making these systems safer and more efficient—for example, designing blockchain-based solutions for monetary transactions and so on. In a world where more and more people are turning to digital solutions to manage their money, both on a personal and professional level, such engineers are in increasing demand. For this reason, the global fintech technologies market size is only expected to grow over the coming years; in 2020, it was valued at $110.57 billion, but by 2030 it is forecasted to reach $698.48 billion, growing at a CAGR of 20.3% during this time.

Professionals in this line of work are expected to have a thorough understanding of programming, cybersecurity, AI, data analytics, and more, and often hold certifications in business, accounting, or finance.

Skills Professionals Will Need in the Future

With the role of AI and automation steadily increasing in the workplace, it is clear that professionals across all industries will have to adjust to keep up with the pace of progress. For some people, this might mean developing the necessary technological skills to work in development or AI/machine learning.

Then again, others may choose to develop skills in other areas—areas that cannot be automated so easily. Rather than spending their time on simple manual tasks or data collection, professionals will instead gravitate towards roles that require a greater degree of communication and people management skills.

In Conclusion

For all its challenges and unpredictabilities, the current job market nonetheless presents employers and professionals alike with a range of exciting opportunities. While the rise of AI and automation may mean the loss of potentially millions of jobs worldwide, this shift will also create many more jobs for professionals working in AI/machine learning, fintech experts, data scientists, and more. In fact, according to experts at the World Economic Forum, in the next few years, we will observe “an overall net positive in job creation.”

In the coming years, we can expect to see an emphasis placed on professionals working in technology, particularly those who pay particular attention to sustainable design. Whether it’s developing blockchain technology for rapid transactions, designing applications for the diagnosis of illnesses, or helping to improve sustainability in construction and manufacturing, the possibilities for the tech-savvy will be endless. To make the most of this wave of progress, professionals would do well to consider how they can expand their skill sets and move into new areas of work.

So, where does that leave employers? Here at CasinoCanada, we’re looking forward to the future. Dmitry Rogalchuck declares, “The coming five years are bound to be full of interesting and unique challenges, but we’re excited to see what opportunities they bring. We are also looking forward to the chance to work with outstanding up-and-coming professionals and helping them achieve their full potential.”

With over 5 years of experience in iGaming, Dmitry Rogalchuk leads a content team at CasinoCanada, ensuring that every article on the CasinoCanada website is informative and engaging for our readers.

Dmitry Rogalchuk

5.0

Head of Content

The University of British Columbia

The University of British Columbia & McGill University degrees, strategic marketing & content leadership expertise, sales strategies development

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Last updated on: 19.03.2024

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