With first round university offers about to be released around the country, business information analysts IBISWorld unveil the hot professions of the future.
According to IBISWorld’s latest industry report, 2010 will be a boom year for Australian business, and the next five years will see significant economic growth.
IBISWorld general manager (Australia), Robert Bryant, said opportunities for university graduates are set to grow as companies seek to invest in talented staff.
“The fact that December 2009 saw the number of jobless people fall by 13,300 is a sure sign that the Australian economy is on the up, and indicates positive hiring intentions for 2010 and beyond,” he said.
IBISWorld has identified the top 10 industries predicted to lead the charge in the coming five years with organic farming topping the list.
According to IBISWorld, this industry will experience 3.1 percent employment growth in 2009-10, followed by a further 2.0 percent growth in 2010-11. Bryant believes increasing health consciousness and environmental awareness will drive demand for organic foods, with revenue expected to grow an average 13.4 percent per year to reach around $760 million in 2014.
Investment banking and securities brokerage took out second place, while mining, online information services and childcare services took out third, fourth and fifth positions, driven by a strong economy, a booming mining sector, and an increased emphasis on green policies.
For a full list of the report, please visit www.ibisworld.com.au.