Following office and administrative support occupations, the second-largest occupational group in the 2021 economy was sales occupations. Overall employment in sales occupations is projected to show little or no change from 2021 to 2031. One major reason is that the growth of e-commerce is expected to reduce demand at brick-and-mortar retail stores, meaning fewer cashiers and retail salespersons are needed.
However, the outlook is bright for several other sales occupations outside of retail settings, including those that sell services, such as in finance, insurance, and real estate, and those that sell technologies such as scientific equipment or computer software.
Here are five sales occupations that are projected to grow more than the 5.3% average growth that is projected for all occupations over the 2021–31 decade. Together, these occupations are projected add about 162,500 new jobs to the economy by 2031, and each of these occupations paid more than the median annual wage for all occupations in May 2021, $45,760.
(Note: Occupational openings are an estimate of the number of positions for workers entering an occupation. Occupational separations, an estimate of the number of workers who will leave an occupation because of retirement, career changes, or other factors, combined with projections of employment change, provides the number of occupational openings.)
Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets.
2021 annual median pay: $62,910
Typical entry-level education: Bachelor's degree
Number of jobs, 2021: 466,900
Projected growth, 2021–31: 10.2%
Occupational openings, 2021–31 annual average: 46,600
Sales representatives of services, except advertising, insurance, financial services, and travel sell services to individuals or businesses.
2021 annual median pay: $60,550
Typical entry-level education: High school diploma or equivalent
Number of jobs, 2021: 1,063,900
Projected growth, 2021–31: 6.7%
Occupational openings, 2021–31 annual average: 125,300
Insurance sales agents contact potential customers and sell one or more types of insurance.
2021 annual median pay: $49,840
Typical entry-level education: High school diploma or equivalent
Number of jobs, 2021: 523,200
Projected growth, 2021–31: 6.3%
Occupational openings, 2021–31 annual average: 52,700
Real estate brokers help clients buy, sell, and rent properties. Brokers are licensed to manage their own real estate businesses.
2021 annual median pay: $62,010
Typical entry-level education: High school diploma or equivalent
Number of jobs, 2021: 123,100
Projected growth, 2021–31: 5.7%
Occupational openings, 2021–31 annual average: 12,100
Sales engineers sell complex scientific and technological products or services to businesses.
2021 annual median pay: $103,710
Typical entry-level education: Bachelor's degree
Number of jobs, 2021: 60,700
Projected growth, 2021–31: 5.7%
Occupational openings, 2021–31 annual average: 6,900
Original source can be found here.
