Higher Demand, Higher Salaries for Most STEM Workers
Department(s):The Business School
As a group, STEM-educatedworkers–those trained in science, technology, engineering or mathematics–are in greater demand and are making higher salaries than other workers, but not all STEM jobs are created equal.
STEM jobs encompass a large number of positions and may be in the private sector, academia, government, or non-profit organizations. Virtually every industry has some STEM-related occupations. While STEM jobs as a whole continue to grow at a faster-than-average rate, some are growing and some are not, according to the U.S. News & World Report/Raytheon STEM Index.
Increasingly, too, the lines are blurring between STEM jobs and non-STEM jobs. Employees at all levels may be required to become proficient in using their company’s enterprise resource planning software. They may need to understand and use the cloud, big data and mobile apps–yet their jobs may not be classified as STEM jobs.
Today a majority of all jobs require some expertise in technology and the percentage is expected to increase to 77 percent in the next decade, according to the U.S. Bureau of Labor Statistics. In an economy where technology plays the leading role, it’s increasingly difficult to categorize STEM jobs, because, to some degree, practically every job is a STEM job.