5 Recession Proof Industries

There are many reasons why you might be considering a career change. Perhaps you are sick of your current job and want to begin doing something that has you excited to get up in the morning. Alternatively, your current career might be slashing jobs right and left because of the recession. Right now is the time to consider making a move to something that is less susceptible to market influences.

Fields Proven To Be Recession Proof

While some industries tend to cut jobs every time the economy goes south even a little bit, there are others that continue to keep trucking right along. You will also discover that some fields even flourish during times of recession.

Medical Field

As the population grows, there will always be a demand for qualified medical professionals. The best part of this field is that there are so many different career paths that you can take. From doctors to nursing assistants, there is something for almost everyone. If 2020 has shown us anything, it is that our healthcare workers are in high demand, and they always will be. From doctors, to nurses, to various other verticals within the medical field, this is a promising industry.

Legal Field

The law is complex. With new rules and regulations being added just about every time you turn around, people are always looking for qualified lawyers to help them make sense of it all. This is also a field that has been different options for one to specialize in. A tax lawyer has a vastly different set of qualifications than that of a criminal defense lawyer.

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Dental Field

There are so many good reasons for people to see a dentist that this does not stop when there is a recession. You will discover that there is always a need for qualified dental professionals. If you’ve ever had a toothache, there gets to a point where it can’t be ignored and a dentist must be called in. This industry will be in demand for as long as humans have teeth to maintain. Go to school and gain knowledge, and you will then find that there is almost certainly a job waiting for you when you are finished. Many dental practitioners also find themselves as business owners of their own practice at some point.

Auto Mechanics

People have depended on cars for decades, so that is not going to change anytime soon. In fact, vehicles continue to get more and more complex. This means that there will almost certainly be the demand for auto mechanics.

Education

Recessions are actually a time for people to go back to school, as you yourself are considering. This also demonstrates the staying power of the field of education. There is always something available at any level of education from kindergarten teachers to college professors, the youth of the world need quality educators and leaders in this space.

How to Finance Graduate Education

Changing your career often requires that you go back to school. This will be valuable for both your personal and professional development. You might be wondering how you will pay for this and if the degree is worth the cost of the education. After understanding the return on investment in a career like law or medicine, many students that have proven its worth use graduate student loans to make it possible to afford the degree, especially while still paying off loans from undergraduate degrees. Ken Ruggiero, Chairman and Chief Executive Officer of Ascent recently said, “graduate students attending specialized programs need more time to defer their loans while completing their residency training given the increased debt burden many students face.” Private lenders like Ascent Student Loans offer loan options with attractive interest rates that will help you to realize your dreams. Consider this as an investment into yourself and your future.

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If you are looking for a way to bounce back from the current recession sweeping the world today, retraining into one of these fields is a great use of your time. Look for something that you are interested in and then use this time to get the training and education that you need. In no time at all, you could be entering a new career field that is pretty much immune from recessions that might come and go.

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