I recently came across an article that shared salary forecasts for 2025, and wanted to share some insights with all of you.
As students and new grads navigate the job market, it's important to be aware of the industries and fields that are expecting significant pay increases in Canada in 2025, and with that, which ones aren’t. With the evolving economic landscape, certain sectors are projected to offer lucrative opportunities for those starting their careers (that’s us!). Let's dive into some key insights - industries and areas of interest for students and new grads seeking promising career paths.
1. Skilled Trades, Technology, and Engineering:
The demand for skilled workers in industries such as technology and engineering continues to grow. Automation technicians and electromechanical workers are expected to experience an 8% pay increase, making these fields very rewarding for new graduates looking to enter the workforce.
2. Information Technology (IT):
The integration of digital technology in businesses has led to a surge in demand for IT professionals. Cloud architects, in particular, can anticipate a 10% salary boost. For students with a tech background, pursuing a career in IT could offer many opportunities for growth and development.
3. Digital Marketing:
The shift towards online marketing has created a rising need for digital marketing specialists. Intermediate positions in this field are projected to see a 9% salary increase, making it an attractive option for students interested in marketing and advertising careers.
4. Finance and Accounting:
With the changing economic landscape, roles in finance and accounting are in high demand. Compensation analysts, for instance, can expect a 7% salary increase, reaching an average of $80,250 for intermediate positions. Students pursuing degrees in finance or accounting can explore promising career paths in these fields, which offer stability and growth potential.
5. Human Resource Management:
As companies focus on fostering inclusive work environments, human resource management roles are becoming increasingly vital. Salaries in this field are projected to increase by 12% in 2025, making it one of the most promising areas for new grads. Students interested in HR and organizational behavior can look forward to rewarding career opportunities in this field.
Final Thoughts
As we get closer and closer to the start of 2025, it becomes important for students and new grads beginning their career journeys to stay informed about the industries and fields with promising pay increases. By exploring opportunities in sectors such as skilled trades, technology, engineering, IT, digital marketing, finance, accounting, and human resource management, aspiring professionals can position themselves for success in the ever-evolving job market.