Pursuing a college degree requires dedication, financial resources, time, and energy. As with any investment, it is important to understand both the risks and rewards involved Mexican Institute for Competitiveness (IMCO) developed a tool called “Compare jobs” which provides free, up-to-date information and enables young people to make informed decisions when evaluating the costs and benefits of choosing a higher education path.
According to IMCO, getting into higher education is a lucrative investment. with an annual return of 11%. According to data from Compare Careers, a single college graduate earns 85% mayor compared to those with only secondary education.
According to IMCO, the workplace is undergoing accelerated change that requires young people to adapt to these changes. Although the number of people with a university education has increased by 25% in the last decade there is a gap between the talent available and the skills required in the job market.
According to the World Economic Forum, an estimated 43% of basic skills are in demand by employers They will change in the next 5 years.
Despite this reality, The most popular races in Mexico remain unchanged since 2014This underscores the importance of adapting to the changing demands of the work environment.
Which professions are most in demand?
Although there are 118 professions on offer in Mexico, half of the professionals complete only 10, namely:
1. Right
2. Business Administration
3. Industrial Engineering
4. Accounting and Control
5. Psychology
6. Electrical engineering
7. General Nursing and Midwifery
8. General Medicine
9. Economy and trade
10. Administration and Management
What are the highest-paying jobs? what is your salary
1. Specialty Medicine – $35,033
2. Finance, banking and insure,ance -$28,336
3. General Medicine – $24,529
4. Engineering in electronics, automation, and mechanical-electrical applications – $22,877
5. Electrical Engineering and Power Generation – $22,834
6. Architecture and Urban Design – $22,652
7. Civil Engineering – $22,413
8. Educational Planning, Evaluation, and Research – $22,389
9. Engineering and metalworking jobs – $21,869
10. Mining, mining, and metallurgy industry – $21,840
What are the lowest paylowest-payingt is your salary
1. Counseling and educational intervention – $13,249
2. Therapy and Rehabilitation – $13,481
3. Teacher training in basic education, pre-school level – $14,500
4. Language Learning – $14,518
5. Labor and Welfare – $15,104
6. Hospitality and Grocery Services – $15,359
7. Sports – $15,409
8. Curriculum Design and Pedagogy – $15,702
9. Elementary Education Teacher Training, Primary Level – $15,764
10. Hospitality and Tourism – $16,024
Choosing a career is the first step in educating competitive young people. However, the lack of information about the costs and benefits associated with each study option contributes to young students choosing their careers without considering future career prospects. In response, IMCO makes the following recommendations:
1.Encourage the use of tools like Compare Careers to enrich the career choice decision with concrete data. The wise choice of field of study is the first element that determines the career prospects of future workers. It is therefore crucial that young people who are about to choose their future education take labor market conditions into account.
2. Request the authorities and middle educational institutions to highlight the benefits of higher education. The data shows that those with a college education have better working conditions than those with only secondary education.
3. In the career guidance processes, integrate the financial aspects and advantages of studying. In addition to considering interests and aptitudes, it is extremely important to weigh up the costs, the quality of the investment, the benefits and access to formal and well-paid jobs.
