By 2025, the US will need to hire approximately 2.3 million new health care professionals to meet the demands of an aging population. A shortage of skilled professionals is likely at nearly every medical professional level, ranging from home health aides to nurse practitioners and beyond.
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As companies struggle to find the talent they require, pay raises typically rise. Higher salaries are a vehicle for attracting the best and brightest, even in entry-level roles.
Organizations are struggling with shortages today, and the situation will only become more challenging. This makes it a great time for those looking to make more money to consider entering the medical field.
Entering the Medical Field-Here are Your Options
When it comes to joining the medical field, you have options. Not every healthcare position requires an advanced degree, and certain entry-level jobs don’t need a formal medical education.
Non-clinical support roles and certain research positions may be accessible to those without a degree in a healthcare specialty. Other opportunities, like home health aides and some technologists or technicians, may have an educational component but could take less than one year to complete.
The number of options increases significantly with additional education. Obtaining a bachelor’s or master’s degree may give you access to particular specialty or nursing positions that were previously out of reach.
If you want to take it all of the way and become a medical doctor, you’ll need extensive schooling. However, like the rest of the medical field, a shortage of physicians is developing. By 2025, the deficit could reach 90,000, so opportunities will likely be there once you graduate.
Making a Career Change
If you want to join the medical field, there are a few steps you need to take. First, identify which positions interest you by exploring the job duties and expectations. It’s also wise to review average salaries and growth projects, letting you see what you could earn in the role.
Next, determine what skills, experiences, or degrees you need to move forward. Typically, you’ll need to research state requirements, as which jobs require licensing or specialized training can vary by location. If you do need to further your education, look at local schools with accredited programs. Those are most likely to meet any state requirements and often prepare you properly for any licensing exams.
Networking is Important
It’s also wise to start networking with other healthcare professionals early. They may be able to tell you about jobs or mentor you as you begin in your new career. Additionally, they can fill you in on any training requirements if you want additional details. They are also a great source of information on emerging trends, including which specialties are in-demand.
After you have the information, create a plan for transitioning. This can include everything from exploring financial aid options and picking a school to adjusting your resume to cater to your target role.
Ultimately, making a career change takes time and effort. However, since the number of opportunities in the medical field will keep growing, it can be a wise move if you want to make more money.
Do you work in the medical field? Have you considered switching into a healthcare job? Tell us about it in the comment below.
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Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals.
