There is no ideal way to label "The Best Job," since picking an occupation is personal. Still, the U.S. News Best Jobs rankings offer potential and actual job seekers an intuitive method to compare professions based on components that matter most: the number of openings, the chance to advance and be professionally fulfilled, and the ability to meet financial obligations. The result of our efforts is a list of jobs ranked according to their ability to meet those employment concerns.
The Best Jobs methodology is divided into two components: The first is how U.S. News selects jobs to profile. The second is how those jobs are ranked against each other.
Selecting Jobs to Rank
To identify professions that should be included in the 2013 rankings, we started with data on jobs with the greatest hiring demand, as categorized by the U.S. Bureau of Labor Statistics (BLS). In other words, we based our list on the BLS's data on jobs with the highest projected number of openings through 2020. The 100 jobs at the top of our sorted list were then selected for the 2013 Best Jobs analysis and rankings.
Ranking the Best Jobs
U.S. News ranks jobs in an overall "Best Jobs" list and in certain category-specific lists, such as "Best Healthcare Jobs" and "Best Construction Jobs." For each list, occupations are ranked based on our calculated Overall Score. The Overall Score combines several components into a single weighted average score of between 0 and 10.
The Overall Score is calculated from seven component measures: 10-Year Growth Volume, 10-Year Growth Percentage, Median Salary, Employment Rate, Future Job Prospects, Stress Level, and Work-Life Balance. For each measure, jobs receive a score between 0 and 10. (See "About the Component Measures" below for an explanation of how the component scores are calculated.)
Components measures and their weightings in computing the Overall Score:
10-Year Growth Volume (10%)
10-Year Growth Percentage (10%)
Median Salary (30%)
Job Prospects (20%)
Employment Rate (20%)
Stress Level (5%)
Work-Life Balance (5%)
About the Component Measures
1. 10-Year Growth Volume
What is it?
This is the total number of new jobs the BLS expects will be created for an occupation over 10 years. For example, BLS projects the United States will add 143,800 new software developer jobs during the 10-year period from 2010 to 2020.
Why is it important?
An occupation with significant job growth is likely to have many new job opportunities created in the future.
How is this score calculated?
We translate job growth volumes from a number to a score of up to 10 points. Those occupations expected to grow by 500,000 openings or more received the highest score: 10. Occupations with job growth numbers between 200,000 and 499,999 earned 8 points; between 100,000 and 199,999 earned 6 points; lower than 100,000 openings earned 4 points, and any occupations in which numbers were expected to decrease received 2 points.
2. 10-Year Growth Percentage
What is it?
This is the percentage growth for an occupation over the course of 10 years. For example, the BLS estimate of 143,800 new software developer jobs between 2010 and 2020 equates to 27.6 percent job growth during that period.
Why is it important?
The 10-year growth percentage measures how rapidly an occupation is expanding. A high growth rate indicates strengthening demand for this type of worker.
How is this score calculated?
We translate job growth percentages from a number to a score of up to 10 points. Occupations for which the projected growth rate increased by 30 percent or more earned the total possible 10 points; those for which growth increased between 20 and 29 percent earned 8 points; where growth increased between 10 and 19 percent, the job earned 6 points, and where growth increased by 9 percent or less, the job earned 4 points. Any occupations that saw growth decrease received 2 points.
Reader Comments (