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Health Related Degrees Best For Surviving Recession

Many health facilities are trying to balance availability with cost.

It is not a predictor of the future, but a new report says those with health-related college degrees were more likely to keep their jobs during and after the most recent recession.

The report from the IU Business Research Center studied the recession that officially took place in 2008 and 2009. It showed that anyone with a health-related degree, regardless of their level of education, were less likely to be left unemployed by the economic downturn that those with any other type of degree or course of study.

Those with education degrees or with degrees in biology and the life sciences also withstood the recession well.

Those who pursued degrees in architecture, the industrial arts, consumer service and engineering were the most-likely to lose their job because of the recession. The report says architects also had the greatest chance of prolonged unemployment, at more than 26 weeks.

Tim Slaper, the director of economic analysis for the research center, says that while industrial arts and engineering graduates had the second- and third-highest chances of becoming unemployed, they had a 44 percent chance that their unemployment would be short-term, while architecture graduates had only a 28 percent chance of finding work in four weeks or less.

“Unlike the other categories…the engineering set of majors tend to get rehired pretty quickly,” he says.

The study looked at thousands of graduates from Indiana‘s public colleges and universities between 1999 and 2008.

Slaper says while he still recommends following the common sense advice of doing what you love for a living, regardless of money, he hopes this report will be another of the many tools available to help young people select a career path.

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