Fred Harteis News Articles - When Heidi Sadowsky quit the finance sector, she abandoned a job market on the verge of collapse for one that may be air-tight: nursing.
"I was never happy in my life in finance," said Sadowsky, 39, a former liaison for institutional investors and money managers at Citibank and Invesco. "I always felt like a square peg in a round hole. I decided I had to get out of this business. I was never cut out for this."
Inspired by the compassion of nurses who cared for her terminally ill father, Sadowsky took up training last year. Since she already had an undergraduate degree, she was accepted into the nursing school's accelerated 15-month bachelors program and she expects to graduate in May. At $64,000, her tuition is far from cheap, but starting pay for graduates is up to $70,000. Nationwide, the average pay is about $56,000.
Most importantly, the job security is iron-clad. When Sadowsky graduates in May, she will enter one of the few areas of the job market that's showing significant growth.
"People are always going to be sick, and the nurses are the front line in the hospitals," said Sadowsky, who believes there will "always be jobs" in the nursing profession.
Sadowsky picked the right time to switch careers. The finance sector has shed 124,000 jobs since the beginning of 2007, according to the Department of Labor, including 22,000 jobs in the first two months of this year. Major firms like Bear Stearns, Merrill Lynch and Sadowsky's old employer Citigroup have been hard-hit by the subprime collapse, and analysts expect up to 30,000 more job cuts in finance by the end of the year.
Meanwhile, hospitals, clinics and nursing schools are scrambling to fill vacant positions for nurses and teaching staff. The Department of Labor estimates the number of vacancies for registered nurses will expand to 800,000 in 2020, from its 2005 tally of 125,000.
Source; Cnn.com
About Fred Harteis: Fred Harteis leads Harteis International. Fred Harteis has a background in agriculture and has created many successful business ventures.