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The path to starting your own business is riddled with a plethora of questions. Which business should I start? Which industries are booming in Alberta? Where should I start? And so on. To help you make an informed decision, here is a quick scan of the hottest industries in Alberta.
While Alberta’s Oil and Gas industry growth trends to fluctuate, the petroleum industry has picked a pace. Alberta is rich in oil sands and the demand for petroleum engineers to harvest bitumen from these oil sands is on the rise. Petroleum engineering jobs saw a steady climb of 85% from 2006 to 2011 with a median salary of $90,002 making this one of the top industries in Edmonton, Alberta to work in.
Healthcare for the Elderly
As the Canadian population grows older, the number of jobs catering towards their health care grows exponentially. Jobs in this industry are projected to increase by 13% between 2015 and 2020, exceeding the projected growth rate for all jobs in Canada which is a meager 3%.
The demand for registered nurses and home health service providers will see an increase of 12% in the next five years, contributing to this industry bagging a major spot in the top industries in Alberta, especially in Edmonton, in the coming years.
Technology developed for the well-being of this population group, such as apps designed to remind them to take their medication and to aid children to watch over their elderly parents, is becoming increasingly desirable with this industry projected to grow at 11%.
Top employers in Edmonton are hiring managers for operations in Health Care, Health Community Service, Child Care, Engineering and Business to run their organizations efficiently. Managerial Jobs have seen an upsurge ranging between 5-15% with median salaries upwards of $94,445. Senior Business managers take home a median salary of $97,000 with tremendous room for growth depending on the company they work for.
Technology remains one of the top industries in Edmonton and job avenues extending from robotics to data and design are on a hike. Software engineers and Web developers are wanted by top employers in Edmonton and collect hefty paychecks of $85,342.40. Location-based apps which use context-aware computing to provide data to users based on their preferences are on the rise and will be the next big thing in the technology industry. An example of such an app is Wazewhich is a clever location-based app; delivering real-time traffic and navigation information provided by other users, allowing you to reroute on the go. The software allows users to update local maps with road-closure or accident information, notify other users of gas-price sales (and which stations are offering them) and much more.
Oil and Gas
Despite the recent slump in oil and gas prices, this industry is expected to make a comeback at a steady rate of 10% by 2020. Jobs for technicians, oil and gas drilling supervisors and engineers will see a boost with a median salary of $79,040.
Dining and Retail
Food and beverage industries are among the top employers in Edmonton with a hike in job demands. Jobs for cooks, chefs and kitchen counter staff are more in demand than ever. Butchers and bakers are sought after too. Sales and retail jobs are also seeing a climb in 2015. Clothing stores are also seeing a surge in margins with profits of over 52% annually.
Gaming giant BioWare has made Edmonton the hub of video gaming activity in all of Canada. Jobs in this industry are in high demand as more and more game developers set up shop in Edmonton. Everyone from VFX artists to programmer is being hired at salaries ranging from $75,000 to $95,000.
Whether you want to start your own business or get a well-paying job with a top employer, choosing from any of the above top industries of Edmonton will guarantee a successful career and job growth trajectory.
Alberta over the years has proven itself to be a power hub in these industry sectors. The province contains the right opportunities, resources and financial capital to assist you in your startup growth.