Education Industry Outlook 2019
In 1975 over 20% of college students were majoring in education. Because of this, there was a large spike in academics and teachers. Today, there are declining numbers of education majors. Less than 10% of college students are enrolled in education leaving a major teacher shortage as the older workforce is retiring.
The U.S. Bureau of Labor Statistics estimates that roughly 888,900 new jobs will be created in education before 2026. Preschool, elementary, and secondary schools are projected to have the biggest demand for teachers with education degrees.
Salary & Wages
Job security and stability isn’t the only great thing about working in the education industry. The median annual wage for education, training, and library occupations was $48,740 in May 2017, which was higher than the median annual wage for all occupations of $37,690. The higher paying jobs within the industry usually require a Master’s degree (typically a Master’s in Education). Studies have shown an 18% increase in yearly salary if you hold a Master’s degree.
Is The Education Industry Right For You?
Teaching is a diverse and creative profession. As most teachers will tell you, it’s not an easy job. But most will also tell you it’s the best job in the world. Whether you’re getting started as a substitute teacher or starting a full-time career in education, helping a student succeed can be one of the most satisfying aspects of a teacher’s life. If you have an internal desire to help others you might want to look more into the industry!