As we face an economic downturn in Canada and interest rates rise, many of us are feeling the crunch at the grocery store checkout, rethinking spending and wondering whether our position in the company is secure. There will always be highs and lows in the economic cycle, but the events of the last few years have led us into unprecedented territory. Rather than be afraid, we simply want to be ready (or be on our way to ‘ready’, quickly).
“Generally, the industries known to fare better during recessions are those that supply the population with essentials we cannot live without,” according to Investopedia.
While we can’t avoid what is coming, we can set our career goals in an area that our communities fundamentally need, and recession proof our future. Now that term ‘recession proof’ isn’t quite accurate. Of course, we can never guarantee that any one path will be immune to challenges in the months and years ahead, but we can look at the needs of our society and make ourselves as indispensable as possible.
In determining what to do for your first or second career, as you explore college courses in Toronto or private colleges in Ontario, there are some extraordinary opportunities to consider that will have you launched in an in-demand job within one to two years. Seems too good to be true, doesn’t it? We promise, it’s not.
If you’re looking for greater stability, to face this year with anticipation and excitement knowing you’re pursuing a field and career that’s in need, here are the areas of study and work you’ll want to consider, and why.
Recession-Proof Sectors and Careers and How to Join Them!
No matter what the state of our economy, and particularly with our continued need to navigate the viruses that are emerging after COVID, healthcare professionals are the foundation of our society and often our life. They are always in need. Even if we cut out much of the superfluous spending in our lives, especially if we’re experiencing greater stress that can lead to illness, we need the healthcare systems that support us – from the medical lab technician or technologist who processes our blood sample, the dental assistant who keeps our teeth healthy, the pharmacy tech who helps to ensure we receive our necessary prescription, and care worker who assists us or those we love, to the medical office administrator who keeps these healthcare offices in order.
Selecting a career in this area puts you as close as possible to a recession-proof opportunity as you could get.
Anderson College’s Recession-Proof Programs in Healthcare:
- Medical Laboratory Technician – EQual™ Accredited – 50 weeks.
- Medical Laboratory Technician Assistant – EQual™ Accredited – 55 weeks.
- Medical Laboratory Technology Hybrid – 2 Years.
- Personal Support Workers – From 27 to 40 weeks depending on program selection.
- Pharmacy Technician – Canadian Council for Accredited Pharmacy Programs (CCAPP) Accredited – 43 to 59 weeks depending on program selection. Our popular blog speaks to the opportunity – Pharmacy Technician, One of Canada’s Highest Demanded Careers.
- Medical Office Administrator – 40 to 44 weeks depending on program selection.
- Intra-Oral Dental Assistant Level I & II – 46 to 51 weeks depending on program selection.
Specialized Care, Therapy and Counselling
As we face an increase in the stress associated with a time of uncertainty, financial strain, and pressure, so too increases our need for those services that enhance our well-being. Whether it’s the children of our society or employees of the workplace who need support or those recovering from injury or illness, careers in this field will remain in demand.
Anderson College’s Recession-Proof Programs in These Fields:
- Service Workers and Childcare – 40 to 72 weeks depending on program selection.
- Physiotherapy, Orthopaedics and Rehabilitation – 47 to 74 weeks depending on program selection.
- Occupational Health and Safety – Approved by the Board of Canadian Registered Safety Professionals (BCRSP) – 47 weeks.
- Massage Therapy – 88 weeks.
Law Enforcement/Public Safety
No matter the fluctuations in the market there will always be a need for investment in public safety. Communities, residents, and businesses will always require those professionals who will work to ensure their physical safety and safety for their property.
Anderson College’s Recession-Proof Programs in This Field:
There isn’t a company or a home-based business that isn’t in need of a tech expert. Technology connects us, keeps our organizations humming and producing and, as such, careers in technology continue to be in need and demand no matter what the economy is doing. If you’re savvy in this area, have the interest and intellect to specialize in this field, and are committed to continually upgrading your knowledge, your services will always be required.
Anderson College’s Recession-Proof Programs in IT:
- Information Technology Technician – 36 weeks.
- Advanced Diploma in Cisco and Red Hat System Administration – 41 weeks.
How we direct our money, initiate savings and security for ourselves and our organizations, for the moment and into the future, matters. This is why financial careers in the area of accounting are stable and provide an opportunity for those passionate about numbers.
Anderson College’s Recession-Proof Programs in Finance:
Supply Chain and Logistics
With the surge in needs of online shoppers and the strain that COVID put on shipping systems and industry, an expert who understands the intricacies of supply chain and logistics, will thrive in this in-demand career field.
Anderson College’s Recession-Proof Program in This Field:
- Supply Chain and Logistics – 46 weeks.
Not all legal jobs are recession proof in an economic downturn but there are a few areas that remain in need. Paralegals provide a necessary service to those who perhaps could not otherwise afford steep legal fees and the job of a law clerk is always needed to keep firms running smoothly.
Anderson College’s Recession-Proof Programs in This Field:
- Law Clerk – 52 weeks.
- Paralegal – 50 weeks.
- Paralegal Studies – 48 weeks.
There is no time like the present to begin your next, or second career in Ontario, as we embrace the year ahead and create a foundation for security in our jobs and in our lives. If you’re still determining the best career fit for your interests, you can take the “Anderson College Career Training Readiness Quiz” or book a virtual appointment with our Admissions team. We’ll walk you through our 30+ leading-edge programs and find your ideal recession-proof career fit!
Quick Links to Fuel Your Success!
We want to make sure you have what you need to succeed! Check out these reference links: