How Many Jobs Are Available In Professional Services update 2022, A service sector job is a service sector position that requires specific training. People and companies in this sector provide their customers and consumers with expertise and services rather than products.
Professional and business services are high demand industries with many opportunities for qualified job seekers. But is professional services a good career path?
What kind of work is Professional Services?
Many jobs fill professional services career buckets. Available career paths include lawyer, accountant, accountant, architect, real estate appraiser, civil engineer, project manager, digital marketer, and consultant.
With a variety of careers under the umbrella of professional services, educational requirements and typical salaries are wide-ranging. Lawyer Shavon Jones is Chief Content Officer at Legal Advice and Training Company Sales for Lawyers and believes professional services is "the best career choice."
What Do Professional Services Jobs Pay?
With so many roles in professional services, there is a wide range of salaries within the sector. In fact, Jones says experienced workers in professional services might be able to earn hundreds of thousands, if not millions, of dollars depending on their role in the industry.
“The pay will fluctuate based on the market demand for your service, as well as your expertise and reputation in the field,” explains Ryan Miller, client success manager at Employment BOOST, a professional career services and outplacement firm.
According to job review platform Glassdoor, the average annual pay for a person in professional services was around $84,889 in July 2022. However, data from the U.S. Bureau of Labor Statistics (BLS) shows the average hourly pay for those working in professional and business services as $38.62 per hour, which is just over $80,000 per year.
Below is the average annual pay in 2021 for three positions within professional services:
- Architect: $91,900
- Attorney: $148,030
- Civil engineer: $95,490
Types of Careers in Professional Services
An array of careers are available in professional services, including:
- Advertising executive
- Architect
- Attorney
- Bookkeeper
- Consultant
- Content marketer
- Digital marketer
- Engineer
- Financial planner
- Graphic designer
- IT analyst
- Project manager
- Real estate appraiser
Entry-Level Professional Services Jobs
Fortunately, professional services employers offer positions for entry-level job seekers as well. Entry-level positions in Professional Services include:
- Accounting assistant
- Budget analyst
- Business analyst
- Digital marketing employee
- Junior Account Manager
- Junior Architect
- Junior Engineer
- Junior Financial Planner
- Law firm associate
Starting salaries in professional services are usually enough to pay off the student loan debt needed to get a college degree, Jones said, and are often needed to get into senior positions. That's what I mean.
For example, according to his 2021 Associate Salary Survey from the National Association for Law Placement (NALP), the median base salary for his first-year associate at a law firm in 2021 was $165,000. Lawyers usually need a bachelor's degree and a law degree to become a lawyer.
Professional Services Career Pros and Cons
Like any job, a career in professional services has its pros and cons. Many details depend on the particular carrier, but these are some of the general pros and cons. Benefits of Professional Services Jobs
1. Solid demand for professional services
Adoption of professional services has seen healthy growth since the peak of the COVID-19 pandemic, according to BLS.
Brandi Baldwin, CEO of Millennial Ventures Holdings, which owns a portfolio of startups, and her professor of business and psychology, said many sectors of professional services are essential and "thus not going away." I'm here.
Job security in professional services is generally positive, Jones said. Because when it comes to becoming an expert in a particular field, "there are very few people whose employers can replace you."
2. Great potential for wage increases
According to Miller, as a professional progresses in his field of service, he's often able to bill by the hour, especially when he builds a list of impressive clients.
“The beauty of professional services is that much of our success is based on expertise and customer service,” he says. "If you're the best at what you do, people will usually pay you for it."
Jones agrees with this assessment.
“Generally, the longer you do this job, the better you get at it and the more valuable you are in the market,” she says.
3. Considerable flexibility
Several career options await workers in professional services once they have gained some experience.
For example, you may be able to become self-employed and start your own business. A law firm, accounting firm, or financial planning firm. Alternatively, you can go your own way by entering the consulting side of professional services. B. If you work inside a large company or as an independent contractor.
Additionally, Jones says new career paths are opening up in professional services. She points to the expansion of in-house teams dedicated to business development by many professional services firms.
“So when your job as a subject matter expert becomes mediocre, it creates an opportunity to move from the customer service side to the revenue generation side, which is a whole different challenge,” she says.
Disadvantages of Professional Services Jobs
1. The Growing Role of Technology
Professional services firms are increasingly adopting new software, artificial intelligence, and other types of technology.
For example, a professional services company looking to cut costs and avoid work-related challenges can turn to technology that automates tasks and improves productivity. This can hinder career growth in this field.
2. Flood of documents
In some cases, professional services employees can get bogged down in paperwork. For example, many in the industry complain that they spend hundreds of hours writing reports that may not even be worth the effort.
3. Educational requirements
According to Baldwin, many professional services workers must invest in expensive and time-consuming training and education. For example, an accountant must have a bachelor's degree and often be a Certified Public Accountant (CPA). Similarly, architects must obtain a bachelor's degree, qualify for a license, and continue self-education.
Such a large investment in education can be a barrier for those looking to enter the professional services industry.
Professional services job prospects
Employment prospects for these careers remain good year after year, as professional services are always in demand. According to the BLS, 880,000 jobs have been added in professional and business services since February 2020, including 74,000 jobs added in June 2022.
Additionally, employees can often perform professional service assignments from home. Opportunities abound for professionals in this field as many companies are willing to hire outside their immediate geographic area.
Skills Every Professional Services Worker Needs
1. Attention to detail.
2. Maintain organization and efficiency.
3. Ability to multitask and handle large volumes of work.
4. Good communication skills.
5. High problem-solving ability.
6. Can work independently or collaboratively with other professionals in the field.
Top Professional Services Sectors and the Skills Needed for the Job
Professional services is one of the fastest growing sectors in today's economy. There are many opportunities for people with the right skills to get jobs in this field. Here are his five most popular professional services departments and what you need to know to work there.
The first professional services sector to consider is healthcare. Healthcare practitioners should be clinical diagnostic and therapeutic experts with excellent communication and analytical skills. You must also be able to work under pressure and have enough patience to treat multiple patients at the same time. The second professional services sector to consider is technology. Technical professionals must have advanced technical knowledge to work in this field. You also need good problem-solving skills and the ability to communicate effectively with others.
The third professional services sector to consider is advertising and marketing. Advertising and marketing professionals need strong analytical skills to create effective campaigns. You must also be good at building relationships with clients and meet deadlines.
The fourth professional services sector to consider is finance. Finance professionals need excellent financial analytical skills and excellent interpersonal skills. They must also be able to manage complex budgets, stay on top of market trends and react quickly to stressful situations.
How to Find the Right Professional Services Job
Professional services provide a path to success in many industries. If you are interested in a career in this field, be sure to do your research and find a position that fits your needs. Here are some tips for finding the right professional services job.
1. Understand what you can expect from a Professional Services job:
Before you start your job search, it's important to be clear about what you're looking for in a career in professional services. Do you like classic office jobs with fixed hours and tight deadlines? Looking for the opportunity to work on projects that are meaningful to you? define it and adjust your search accordingly.
2. Consider your career goals.
After clarifying your aspirations, it is important to consider your career goals. Do you want to stay in a particular organization for the long term, or do you want to move frequently and learn about different work environments and companies? Maximize your chances of finding the right professional services job set specific goals.
3. Research companies of interest.
Once you have determined what type of professional services job you are interested in, start researching potential employers. Start by searching for relevant companies online
What skills will you need for professional services jobs in the future?
- Developing and implementing solutions to complex problems.
- Work with customers and stakeholders to reach agreement on solutions.
- Advice and support throughout the process.
- Independent operation with minimal supervision. Skills required for future professional services jobs include strong problem-solving skills, excellent communication and negotiation skills, and a propensity to work independently.
To take advantage of current technology trends and adapt to future needs, many professionals in the professional services space must be familiar with new software platforms such as cloud computing and agile development methodologies. It is also important that experts in this field can work independently and collaboratively. This often requires managing multiple tasks at the same time.
Why professional services jobs are changing in a post-industrial world
As industries continue to change, the professional services industry, which encompasses everything from accounting to consulting, is expected to follow suit.
In a post-industrial world, professional services jobs will look different than they do today. One is that many jobs are done remotely or through software. As technology advances, more and more professionals will work from home and on their own schedules.
Another change likely to occur in the professional services industry is the proliferation of robots and artificial intelligence. As machines become more adept at performing specific tasks, humans must learn to cooperate with them rather than against them. This automation and customization process is already underway for some professionals, such as law and accounting, and is expected to increase for others. Overall, the future looks bright for those looking for work in the professional services sector. As technology advances and new ways of performing tasks are developed, more opportunities open up for professionals who can quickly adapt and understand new technologies.
Best Ways to Prepare for a Career Change in Professional Services
There are many ways to prepare for a career transition into professional services. Consider what kind of skills you need, how your industry is researched, or what kind of training you need.
One way he researches the industry is by reading job listings on job search sites and trade publications. You can also attend career fairs and meet industry experts. There are many online resources to help you learn about professional services careers, including programs offered by the American Society for Training and Development (ASTD) and the National Association of Colleges and Employers (NACE).
Consider taking courses in business administration, marketing, project management, or accounting. Many professional services companies require these skills from their candidates. Additionally, you may consider gaining experience in a related field before moving on to full-time professional services. For example, if you're interested in working as a consultant, you can gain experience as a marketing professional for a non-profit organization before switching.
If you're not sure where to start or the skills a particular professional needs for her service job, there are many resources available online and at your local library. Look for articles about specific jobs and advice from industry leaders.
How can I prepare for the future of professional services?
1. Understand your industry
Before imagining what the future of professional services will look like, it's important to understand the industry itself. Take the time to learn about different types of services and how to use them, and familiarize yourself with common terminology. This will give you an idea of what to expect if you pursue a career in this field. 2. Gain experience
One of the best ways to prepare for the professional services of the future is to gain experience in related fields. Start by looking for volunteer and internship opportunities at companies that offer similar services to those you plan to work for in the future. This way, you can experience what it's like to work in this industry and develop skills that will prove valuable later on.
3. Networking is key
Building connections within the professional services community is another important way to prepare for the future in this space. Be sure to attend conferences and workshops related to your preferred area of expertise, and participate in relevant online communities where experts discuss issues and collaborate on projects. It's not easy, but networking can pay off later when you're looking for a job.
Which countries have the highest demand for skilled workers?
The United States is the most popular destination for professional services, but which country has the highest demand for professionals? tops the list of countries where For example, in India, there are many companies looking for accountants, lawyers and other professionals. In China, companies are increasingly relying on experts in areas such as engineering and finance. These high-demand countries are likely to continue to be important sources of talent for professional services companies in the future.
Top 4 Professional Services Jobs for 2022
1. Accountant
Accountants will continue to play an important role in the professional services industry, as they have for many years. You will be responsible for preparing financial statements and overseeing other accounting activities. Additionally, accountants are expected to have knowledge of new software and technology platforms.
2. Lawyers
Lawyers are one of the most in-demand professions in professional services. They legally advise and support their clients and represent their interests in court. Lawyers are also used in formulating new business strategies.
3. Technician
The demand for technicians is increasing due to the growth of technology companies and the need for skilled workers who can repair and maintain equipment. You can also ask her to create new software or design her website.
4. Consultant
Consultants are in high demand for their ability to provide unique solutions not offered by other professionals in the industry. Your skills may include marketing, finance, or engineering. They are often hired by consulting firms to assist companies with specific issues and tasks.
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