Millennials have spoken and rated salary as the #1 priority in their career. This news comes as no surprise from a generation shackled with student loan debt. Millennials, ranging from age 20-34, are the largest group in the U.S. workforce. Although Millennials have large student loan payments to make, they aren’t willing to compromise work-life balance for money.
In a study done by U.S. news, Millennials ranked work-life balance just as high on their priories as salary. In some cases, Millennials would even forgo high salaries and titles for flexibility in their life and work. Other factors important to Millennials in their careers include low-stress levels and upward mobility. Can this generation have it all? Raised with technology at their fingertips, Millennials certainly have the knowledge and the power to achieve their dream careers.
An organization called Young Invincibles out of D.C. that speaks for young people on issues conducted a survey of the top 25 best jobs for Millennials. The survey weighed income and job outlook as projected by the U.S. Bureau of Labor and Statistics. Over half the top paying jobs listed included jobs in STEM (Science, Technology, Engineering, and Math) industries. For Millennials who want it all, STEM jobs are the best of both worlds. IT related roles specifically make sense for Millennials who grew up in a digital world.
Another list compiled by U.S. News, ranked Software Developer, at #3 of the top 10 best paying jobs for Millennials. Software developers have an average salary of $100K, with above average work-life balance, and average stress levels. Computer Systems Analyst was listed right after Software Developer at #4, with a similar average salary ($90K) and average work-life balance. With average salaries in the six-figure range and work that can be done remotely, it’s no wonder why jobs in computer science stack the list of top jobs for Millennials.
Computer coding careers are particularly attractive to Millennials with aspirations of getting in at the ground floor of the next Facebook. The success of technology entrepreneurs has made the IT industry, the new American dream. Problem solving, creativity, and technology are at the center of a job in IT. A career in IT is for anyone who has strengths in both left-brain and right-brain thinking, which isn’t limited to Millennials.
For those who are looking for more flexibility and higher pay in a job, a coding bootcamp is the vehicle to a new start as a Software Developer or Systems Analyst. Bootcamps are very inexpensive compared to four-year degrees and require only three months of training. For a small investment of time and money, one can have a new career with upward mobility in a growing industry. According to Switchup.com, IT and programming related roles are projected to grow by 30% by the year 2026.
A career in IT does have it all: work-life balance, high salaries, and promise for growth. For Millennials who refuse to settle for one or the other, a coding bootcamp is the yellow brick road to a finding a job where all their needs and wants are met.