The biggest money making industries

In 2016, more and more people are being encouraged to switch careers. The general consensus is that, because there are more industries now than ever before, why should anyone continue doing a job they hate when there is so much opportunity out there.

Although there are more industries now, job growth around the world is still weak. The question often becomes, “Where will the jobs be tomorrow?”

One way to find out where you should be aiming your sights is to find out what the biggest money making industries are. Let’s take a look.

Health

Health has been one of the biggest money making industries around the world for a long time. Everyone around the world wants to be fitter and stronger, which means that it is unlikely that the health system will ever take a nosedive.

Even developing nations such as Sierra Leone are successfully growing their health industries, as more and more youngsters are encouraged to learn medicine in more prosperous countries before returning home to put their new knowledge and ideas to practice.

IT Services

IT Services sound dry and boring. They don’t exactly capture the imagination. But they do make a lot of money.

A number of IT companies were listed in the recently published Inc. 5000. Combined, they made $19.5 billion in revenue in 2014.

That’s no mean feat, but you should also consider that the industry has a three-year growth rate of 122%.

Energy

The worldwide energy industry grew by a whopping 168% between the years of 2010 and 2013. Green energy is growing all the time, as politicians and the media start to give it more attention and credibility. This means more expansion, more growth, more profits, and more jobs.

Financial Services

Financial services have always been one of the biggest money making industries in the world. They don’t just handle the cash – they basically swim in it.

All the financial services that were included on the recent Inc. 5000 grew by at least 112%. Revenues, meanwhile, topped $17.2 billion in 2013 alone.

Human Resources

Many of the world’s biggest organisations just can’t exist without Human Resources. They really are that vital to the success of a company in 2016.

As such, this industry is booming and is one of the world’s biggest money making industries.

Construction

Construction is an industry that is not immune to financial crashes, and it indeed took a big hit during the 2008 worldwide recession. Despite this, it still saw a growth of almost 90%.

By the time it had recovered in 2013, the construction industry yielded more than $10.3 billion. WOW!

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