5 Best Degrees In 2023

In most underdeveloped countries, students cannot find a job after graduation, while in other, more developed countries, there are many vacancies but severe labor shortages.

Seventy-five percent of companies surveyed across eight countries report talent shortages and say this has a profound impact on employee retention and upskilling.

The United Nations predicts that by 2050 we will have 95 million fewer workers.  

According to a report, 77% of recruiters say skills shortages are their top hiring problem. This has been an ongoing problem for recruiters and will remain so in 2023.

It's hard to believe that, according to KPMG, talent shortages are the number one challenge preventing companies from growing and innovating as they head toward, and even already head into, a recession.

Indeed, Glassdoor's 2023 Hiring and Workplace Trends Report also lists a tight labor market as the number one long-term challenge.

In view of this, studying and living abroad have become an increasingly common choice for young students. It's a great opportunity for them to earn a lot of money and learn about other countries and cultures, and on the other hand, it's a great thing for the country and its economy.

But which sectors of the economy are most affected by this situation and are also the best options for international students?

The 5 best majors for international students in 2023 are:

Engineering

Engineering has always been one of the most in-demand and best-paid jobs. It is considered that engineering mostly provides a very good starting salary as well as a chance of getting a job quickly. Considering that engineering has its roots widely spread in most domains like Civil, Computer, Electrical, Mechanical, etc., it is possible to find the right job choice since there are many fantastic options for future engineers. However, if you have trouble with math, engineering probably won't be the right career choice for you.

 

Healthcare

Healthcare is one of the largest sectors in the world, but it is also the sector with a large labor shortage. In addition, given the various range of different jobs and opportunities, it is a fantastic choice for many people. It is possible to work with a high school diploma as well as with a bachelor's degree. With that in mind, salaries vary a lot. However, most healthcare jobs provide fantastic pay as well as good working conditions. In any case, there is always a chance to get additional education and secure yourself a better position and salary.

Psychology

Psychology is another branch of medicine that helps people in a slightly different way. Psychology is another sector that needs a lot of new talent. It's definitely not a career for anyone, but if you like studying and understanding mental processes, brain functions, and behaviors, while helping other people, this career is the perfect choice. It can be challenging, sometimes fun, but it will definitely bring a good paycheck and provide good working benefits.

Computer Science

Computer Science is the study of computers and computational systems. Unlike electrical and computer engineers, computer scientists deal mostly with software and software systems; this includes their theory, design, development, and application. Some of the currently most sought-after jobs in the world such as Software Developer, Web Developer, UX Designer, Mobile App Developer, IT Project Manager, Information Security Analyst, Systems Architect, AI Engineer requires a computer science degree. Most of these jobs will provide you with a very good salary and many other opportunities.

Business Administration

The business administrator is responsible for overseeing the development of the business. This job includes hiring the right staff, managing business operations, and making sure that businesses and organizations are run effectively, efficiently and profitably. In recent years, business administrators are in high demand. Also, given their knowledge in various business areas, many positions in various sectors are open to people with a business administration degree.

Source:

https://www.equalture.com/blog/how-to-overcome-talent-shortage/