Jobs Companies will be Hiring for by 2030
Choosing the right course to study in Malaysia after high school is one of the most important decisions you can make in your life. This can be a confusing and difficult time if you are unprepared. With the wide variety of courses available to a student, the time after SPM or IGCSE/O-Levels can be a confusing one if not guided properly by an experienced and knowledgeable education counselor.
We have found the report by Forbes to be useful for students to read through to give them an insight into the future job market demand in Malaysia and globally. The report will help you to decide on which is the best course to study in Malaysia so that you can secure a job after you graduate. For more advise on choosing the right course or university in Malaysia, please contact EduSpiral Consultant Services.
Best Jobs For Growth In The Next 5 Years: Winners And Losers
By Chris Westfall, Contributor for Forbes
A recent global report from the World Economic Forum highlights significant shifts for the employment market projected through 2030, emphasizing substantial job growth in certain careers. Additionally, Euronews says that there are some careers that are on the chopping block, in shrinking industries or roles where artificial intelligence is replacing the need for human workers. In all, 92 million jobs are expected to be displaced by 2030, while 170 million new jobs will be created. The net net is job growth of 78 million – and, if you’re concerned about your career, you need to know where that growth is going to occur.
Sectors Experiencing Job Gains
Over the next five years, executives anticipate increases in the following positions, according to the World Econ0mic Forum:
- Software and Applications Developers (57%)
- Security Management Specialists (53%)
- Data Warehousing Specialists (49%)
- Autonomous and Electric Vehicle Specialists (48%)
- UI and UX Designers (48%)
- Light Truck or Delivery Services Drivers (46%)
- Internet of Things Specialists (42%)
- Data Analysts and Scientists (41%)
- AI-Driven Layoffs in Tech and the Financial Sector
Bloomberg Intelligence report indicates that global banks are expected to cut up to 200,000 jobs in the next three to five years as AI encroaches on tasks currently performed by humans. Perhaps the above projections are suspect when compared to other sources. Recent developments in the U.S. job market suggest that the WEF optimism may be misplaced, particularly concerning the impact of artificial intelligence (AI) and automation for software developers, UI (user interface) designers and other tech-related careers. As with all projections: time will tell.
In the technology sector, companies like Meta are actively restructuring their workforces in response to AI advancements. CEO Mark Zuckerberg has announced plans to lay off approximately 5% of the company’s staff. He’s actively announced that the company is looking for ways to replace mid-level engineers with AI technology. Can we expect similar moves by other tech companies? Marc Benioff at Salesforce has introduced AgentForce – where a new army of task-oriented AI agents are ready to work for you. How will this trend evolve over the next five years?
Impact on White-Collar Jobs: Reevaluating WEF’s Projections vs. Real Job Gains
AI systems are now capable of performing complex data analysis, legal research, and even aspects of medical diagnostics, roles traditionally held by highly educated professionals. White-collar jobs are shrinking as a result.
Given these developments, the WEF’s projections may underestimate the disruptive potential of AI on employment, especially in the U.S. market. While new job categories may emerge, the transition period could involve significant displacement, requiring substantial retraining and adaptation efforts. Yet certain jobs and industries are projected to remain unaffected by automation, with good prospects for the future.
WORLD ECONOMIC FORUM
High-Growth Jobs in These Sectors, per WEF
- Cybersecurity: with rising concerns over data breaches and cyber threats, organizations are investing heavily in security management. Specialists in this field are essential for developing strategies to protect sensitive information and ensure compliance with regulatory standards.
- Data Management: the exponential increase in data generation necessitates efficient storage and retrieval systems. Data warehousing specialists are crucial for designing and managing these systems, enabling organizations to leverage data for informed decision-making.
- Renewable Energy: the global shift towards sustainable energy sources is creating numerous opportunities in the renewable energy sector.oles in solar and wind energy, as well as other green technologies, are expanding as countries invest in reducing carbon footprints.
- Healthcare and Biotechnology: advancements in medical technology and an aging population are driving growth in healthcare-related occupations. Positions in telemedicine, personalized medicine, and biotechnology research are particularly in demand.
Already Impacted by AI Advancements: These Jobs Are Shrinking
The World Economic Forum reports that there are several sectors already in decline, and the shrinkage is predicted to continue by the percentages below.
- Postal Service Workers (-34%)
- Bank Tellers and Similar Roles (-31%)
- Data Entry Clerks (-26%)
Some other declines include:
- Administrative Assistants and Executive Secretaries (-20%)
- Printing and Related Trades Workers (-20%)
- Accounting, Bookkeeping, and Payroll Clerks (-18%)
- Material-Recording and Stock-Keeping Clerks (-16%)
- Door-To-Door Sales Workers, News and Street Vendors (-14%)
These positions are increasingly susceptible to automation, underscoring the necessity for workers to pursue continuous learning and skill development. By embracing upskilling opportunities, individuals can transition into jobs less likely to be affected by AI, securing their place in the future workforce.
How to Choose the Best Course to Study at the Top Private University in Malaysia
Bryan Yap, Foundation in Business at Heriot-Watt University Malaysia
It is important to choose the right course to study – you don’t want to waste your time and money on a course you don’t want to do (or end up dropping out of). To help you decide which course is right for you, make a list of courses that are of interest to you.
Looking at your results in SPM could help you to decide which course you would be good at. If you are good in Maths & Physics then you can consider Engineering courses. Having good results in Chemistry, Biology & Maths, you can think of a career in Food Science, Pharmacy or Medicine. Talking to an experienced education advisor would help you to navigate through this confusing time of choosing the best course that fits you.
Many students after SPM make the mistake of just listening to advise without verifying whether the information given is true or not. In addition, just because you have heard or seen a lot of advertisements by a particular university, doesn’t mean that it is the best in that course.
Many of the course counselors at the universities are paid by the universities to get you to register there, so their main motivation is to get you to register, not to help you make the right choice.
You should also ask yourself if you would still be interested in that subject for a further three or four years – enough to motivate yourself to work and research independently? Remember, you are going to work in this career for the next 50 years after graduation, therefore, you should have a high interest in the course.
The course that you choose should also have a job demand for you after you graduate. Choosing a course that you are passionate about without job demand and you may end up being jobless. Look for statistics and research to support whether there is a job demand for your future career in Malaysia or Singapore. Here at EduSpiral Consultant Services, we do our research on the job demand for the careers in Malaysia, Salary Reports, and universities so that we can advise our students based on facts and evidence.
Now why would you want to talk to EduSpiral Consultant Services when you can contact the private universities directly? Well, EduSpiral Consultant Services staff have more than 15 years experience in counseling students. Having worked in the private education industry, we have in-depth knowledge of each private university and college in what they are good at. We have worked with our partner universities and colleges for many years while the counselors at the private universities or agents’ offices change every few years therefore they would not have the in-depth knowledge of the courses and the university that they are working at.
There are basically 3 reasons in choosing a course to study in Malaysia
Bernice, Digital Marketing at Taylor’s University
1. We have to choose a course that we like. If we study something that we do not like, then we will hate our working life for the next 60 years. There must be interest as well as passion for the course of study.
2. We have to choose a career that we are actually good at. Just because you like something, doesn’t mean that you are good at it. For example, some people think that they can sing, but when they open their mouths to sing, people run away. Like the American Idol, we see that some people cannot sing but actually believe that they can.
3. We should choose a career that can give us a good salary. Unless you have rich parents or just want to work for charity, then you can ignore this. Most of us need money to survive in this world. We assist students with research on the top jobs in demand in Malaysia to best advise which one would be the best choice. Especially now for most Malaysians where the cost of living is so high, we need to get a career that can provide for us, our future family as well as to support our parents when they grow old.
How to Choose the Right Course to Study after SPM?
Soon Hong, Marketing at HELP University
It can be confusing for students to choose the right major for their undergraduate degree studies in Malaysia. Preparations should have been made even before this time but fear not it is still not too late if you have not decided on a career path. It is important for you to research carefully the career that you intend to pursue.
Students after SPM or O-Levels would need to go through some sort of a Pre-University programme before entering into the degree course. Therefore, you still have about 1 to 1.5 years in your Pre-U programme to really figure out what to study for your degree.
It can be confusing to choose the right course after SPM. You should carefully think about what are the options available to you. To choose the best course that fits you, you need to consider the following:
- Look at your results – what are your best & worst subjects, and which subjects are your favourite?
- What are your interests & hobbies?
- What is your passion?
- Job demand for the career of choice. There is no point in choosing a course out of passion and then graduate to find out that you cannot get a job in that field.
- Salary of the career of choice
- Discuss the budget for your studies with your parents. There is no point in choosing a course like Pharmacy or Medicine, if you cannot afford it.