Industry Review
The first step is to decide on what industry you want to develop a skill set. It is important to recognize that if you choose businesses that are involved with manufacturing or construction; they will enter business cycles with upturns and downturns. In addition, it will be important to recognize what sectors competitive pressures are influencing heavily. Entering an industry that is at the end of may present challenges that other industries experiencing rapid growth do not.
To Outsource or Not To Outsource
Many departments are taking a close look at operational functions to see what could be outsourced. If the function is electronically transferable and does not have a strategic value added, then that job and possibly department, may be outsourced. Even with these concerns, there are two high paying positions that are growing in importance and number. They are National Account Executives and Project Managers.
National Account Executives / Managers
The buying process of goods and services is changing rapidly in the United States. Trends in most manufacturing areas, from pharmaceutical products, electronics, and high-end equipment to toothpaste and trash recycling are consolidating the number of buyers and sellers under National Accounts. The National Account Manager may manage as much business in one or two accounts as an entire sales force managed in the past. Because of the concentration of sales, the position requires additional skills compared with the traditional sales representative.
- Relationship Building
- Industry Expertise
- Internal Coordination
- Pay Level
Project Managers
Project management is a critical function in the most mid-sized to large sized companies. Program management offices are starting to be developed in most companies to manage the portfolio of projects that the company is executing to try to stay competitive. This position has regained its prestige, after losing some of its image from the dot com bust of 2000. The field also has a very active oversight body, the Project Management Institute, who issues certifications (CAPM, PMP, and others) to prove technical skills.
- Skill Sets
- Always Changing
- Salary Ranges
Conclusion
The growth of National Accounts Executive/Management and Project Management gives more opportunities for $100,000 positions that are transferable across companies. In addition, with project management, the skill set is transferable across industries. If you are interested in a position where your performance is critical to the success of the entire organization, then choosing one of these two positions is for you. Both of these fields also appear to be resistant to outsourcing or downsizing, as they are critical functions of the organization.