68 Recession-proof jobs in 2024 — Multiverse (2024)

The good news is that the economy is cyclical—it goes through periods of high and slow growth. Although there isn’t one industry or profession that’s completely recession-proof, some high-demand careers have more job security than others.

If you’re thinking about your next career move, we’ll dive into the best recession-proof jobs for 2024 and how to future-proof your skills.

What are recession-proof jobs?

You don’t need to be an economics expert to find a recession-proof job. However, understanding basic economic concepts can help you identify the careers most likely to provide long-term security.

TheNational Bureau of Economic Research(opens new window) defines a recession as a significant, widespread decline in economic activity lasting more than a few months. Experts use many indicators to identify economic recessions, including employment and consumer spending.

Recession-proof jobs remain in demand even when the economy shrinks and inflation rises. Typically, recession-proof careers meet these criteria:

68 recession-proof jobs

No one can predict the future, but recession-proof jobs may offer more financial security than other career paths. Also,37% of workers(opens new window) prioritize job security when making a career change.

Fortunately, there are many careers with high job security. Here are 68 recession-proof careers to help you plan for your future.

1. Software Engineers and Developers

The Bureau of Labor Statistics (BLS) expects job openings for Software Developers to increase by26% between 2022 and 2032(opens new window). Because software engineering jobs are versatile, they offer excellent job security. All industries—from healthcare to tech—employ Software Developers.

Along with a positive job outlook, Software Engineers and Developers often appear at the top of thehighest-paying jobs lists. For example, the average salary for Software Engineers ranges from $162,000 for more specialized, senior roles to $78,000 for more general roles likeWeb Developers.

Software engineering is one of the highest-leverage careers to break into. Unlike other high-paying careers, youdon’t need a college degree. Many professionals start with a bootcamp or apprenticeship program, like Multiverse, which is an ideal option when there’s economic uncertainty.

Unlike college, which is expensive and takes you out of the workforce, Multiverse’ssoftware engineering apprenticeships are tuition-free. Plus, you’ll earn a competitive salary as youlearn to code and gain other essential skills.

2. Cybersecurity

Cybersecurity is one of the highest-paying and most recession-proof jobs. All industries must protect valuable data, so the demand for cybersecurity experts is high.

At this rate, cybersecurity is the fifthfastest-growing career(opens new window) in the U.S. In addition, the median salary for cybersecurity professionals is around $112,000, with senior roles earning more.

Cybersecurity professionals must have a solid grasp ofcomputer science concepts, such as data structures and operating systems. They also useprogramming languages like Python and PowerShell to automate security tasks, identify threats, and respond to incidents.

Popular cybersecurity career paths include:

3. Finance

Finance jobs can be surprisingly recession-proof. Financial professionals help individuals and organizations manage money and investments. During economic fluctuations, businesses and individuals rely on financial experts to minimize losses and maximize profits.

The BLS predicts that over911,000 new business and finance occupations(opens new window) will be created annually from 2022 to 2032. Some finance careers have a higher growth rate and salary expectations. For example, Financial Analysts earn a median salary of $96,220, while Accountants earn $78,000.

The skills you need to land a finance job vary depending on the role, too. Financial Analysts learnadvanced analytics to interpret financial data and forecast future trends. Portfolio Managers use risk management tools to make strategic investments.

The finance industry has a broad range of career opportunities to choose from, including:

4. Government jobs

Historically, government jobs have offered high job security during economic downturns. These positions generally get paid from tax revenue, so they’re usually more recession-proof than jobs in sales-driven industries.

Also, laws and unions may protect certain government workers from unexpected layoffs and budget cuts. For example,Reduction in Force regulations(opens new window) may require the federal government to offer employees a different position if their current role gets eliminated when a recession hits.

Government employees work in areas like administration, education, public welfare, and recreation. Here are a few government jobs with high job security:

5. Healthcare professionals

Healthcare workers provide essential services, so they typically have more job security during economic fluctuations.

The aging population will also contribute to the rising demand for healthcare services in the coming decades. Between 2020 and 2040, thenumber of Americans aged 65 and older(opens new window) will grow from 55.7 million to 80.8 million—a 40% increase.

Healthcare professionals earn a median salary of $77,760. However, highly skilled workers can achieve much higher wages. The median salary for Physicians and Surgeons is more than $229,000, while Pharmacists make an average of $132,570.

Popular healthcare jobs include:

6. Law

Legal professionals help corporations and individuals understand and comply with laws and regulations. Those who work in law deal with issues that happen no matter the economic climate—civil rights, crime, divorce, intellectual property rights, and more.

The BLS projects around 92,000 job openings forlegal professionals(opens new window) each year, and law occupations pay an average salary of $95,170.

Career paths in the legal sector include:

7. Education

Education careers tend to have lower earning potential than others on this list. However, this sector has one of the highest rates of job security because education is an essential service. Teacher unions also offer job protections for many educators.

Administrative and university faculty careers can offer high salaries. For example, Elementary, Middle, and High School Principals earn an average salary of $101,320, while Postsecondary Teachers make $80,840.

In addition, those working at private rather than public institutions tend to earn more.

The COVID-19 pandemic has also fueled a surge in demand for online learning. Between 2024 and 2028, theonline education market(opens new window) is projected to grow by 11% and reach over 82 million users in the United States. Online educators need strong communication skills and the ability to adapt traditional teaching methods to new formats.

Here are a few jobs in the education industry:

8. Mental health

Mental health professionals offer support and treatment for individuals with mental illness, trauma, and substance use disorders. They also help people cope with financial stress and job insecurity during economic downturns.

The BLS predicts that over200,000 mental health jobs(opens new window) will open annually. Some careers have a higher growth rate. For instance, the demand for substance abuse counselors will increase by 18%, while the employment of marriage and family therapists will grow by 15%.

A mental healthcare professional needs active listening skills and empathy to understand their clients’ needs. They also understand how to apply different counseling techniques, such as cognitive-behavioral therapy.

Recession-proof jobs in the mental health sector include:

What are recession-proof skills?

Recession-proof skills make it easier to adapt to a new career path or industry during an economic slump. The top recession-proof skills include:

These abilities are in high demand in multiple sectors and won’t lose value during a recession.

What jobs are most at-risk during an economic downturn?

Some industries feel the impact of an economic downturn more than others. These industries tend to get hit the hardest.

How to build recession-proof skills

Building recession-proof skills can help you prepare for the future. Plus, these abilities may lead to career advancement and higher pay during periods of economic security and growth.

1. Continuously develop in-demand and transferable skills

Industries and technology evolve constantly, so you need to continuously update your skills to stay relevant. Building versatile skills that transfer across positions and industries will help you prepare for a promotion or pursue a more recession-proof job.

Start by auditing your skills to detect knowledge gaps. Study the LinkedIn profiles and resumes of top people in your field to see which skills you’re missing. It’s also helpful to network with professionals who have your dream career.

Next, seek out opportunities for upskilling through apprenticeships, online courses, conferences, or certifications.

2. Gain work experience and build connections with apprenticeships

Apprenticeships are one of the most effective ways to develop a professional network and learn recession-proof skills.

Multiverse apprentices get hands-on training from a leading employer. If you become an apprentice, you’ll also earn a salary while you develop your skills. Because you’re working directly with a company, you’ll gain valuable work experience that bootcamps and online courses lack.

3. Freshen up your personal branding often

Your personal brand reflects your experience, values, skills, and other factors that will influence hiring decisions.

Updating your personal branding will help you land new job opportunities that appeal to you. Here are five ways to refresh your brand:

Recession-proof your future

While no industry or career is completely safe from economic downturns, choosing a recession-proof career can increase your long-term job security.

A Multiverse apprenticeship allows you to develop in-demand job skills that employers need even when economic conditions change. Most Multiverse apprenticeships only take 12 to 15 months to complete so that you can jumpstart your career quickly.

To get started,apply for an apprenticeship(opens new window). You’ll answer a few questions about your interests, skills, and career goals. Then, we’ll chat with you further to help you land a paid apprenticeship that strengthens your job prospects and earning potential.

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