Careers, Salaries, and Lifetime Income

Title: Careers, Salaries, and Lifetime Income

Explanation:
Conducting Career Research

Career research involves exploring potential career paths, understanding

responsibilities, job prospects, salary ranges, and necessary qualifications.
This process aids in setting realistic career goals and determining whether a
chosen career aligns with individual skills and interests. In this module, you
will gain insight into effective strategies for conducting occupational research.
Key Aspects of Career Research
Firstly, you need to identify careers of interest. Tools like online career
quizzes can be valuable for understanding your strengths, weaknesses, and
areas of interest. Based on these insights, you can identify two careers to
further explore.
Research about these careers can be conducted by leveraging resources like

the Occupational Outlook Handbook on the U.S. Bureau of Labor Statistics
website. You should look for important details such as definitions and the
typical duties of the careers, possible specialties within those shoots, and
insights about the work environment. Understanding these aspects can help
you make an informed decision.
Additionally, you should consider factors like the adequacy of your training
and education, projected income, location's cost of living, and the career's
impact on your lifetime income. Such meticulous research can lead you to the
most suitable career path and help you set realistic career goals.
Slide 1: My Career Choices
Careers Selected: Software Developer and Registered Nurse
Reason for Choosing:
Interest in technology and problem-solving led to software
development.
Desire to help others and work in a dynamic environment
influenced the choice of nursing.
Slide 2: Career Overview - Software Developer

General Overview
Definition: Software developers create applications and systems
that run on computers or devices.
Education Needed: A bachelor’s degree in computer science or a
related field is typically required.
Training: On-the-job training and continuous learning to keep up
with technology trends.
Outlook: Employment of software developers is projected to grow
by 22% from 2020 to 2030, much faster than the average for all
occupations.
Salary Information
Annual Salary:
Median salary in the U.S.: approximately $110,140.
Salary can vary based on location, experience, and specialized
skills.
Cost of Living
If considering living in a city like San Francisco, the cost of living
is significantly higher compared to the national average. This
would affect disposable income and savings potential.
Lifetime Income Calculation
Using the median salary:
Lifetime Income=Median Salary Years
Worked=110,140×40=4,405,600Lifetime Income=Median Salary
Years Worked=110,140×40=4,405,600
Slide 3: Career Overview - Registered Nurse

General Overview
Definition: Registered nurses (RNs) provide patient care, educate
patients about health conditions, and provide advice and
emotional support.
Education Needed: An associate degree or a bachelor's degree in
nursing is required, along with passing a licensing exam (NCLEX-
RN).
Training: Clinical training through internships or practical
experience is essential.
Future Outlook: Employment of registered nurses is projected to
grow by 7% from 2019 to 2029, due to an aging population and
increased healthcare needs.
Salary Information
Annual Salary:
Median salary in the U.S.: approximately $75,330.
Salaries may differ based on specialization and location.
Cost of Living
For a location like New York City, living expenses are also high,
which impacts how much of the salary can be saved or spent.
Lifetime Income Calculation
Using the median salary:
Lifetime Income=Median Salary Years
Worked=75,330×40=3,013,200Lifetime Income=Median Salary
Years Worked=75,330×40=3,013,200
Slide 4: Comparison of Career Options

Salary Comparison
Software Developer: $110,140 annually, higher salary potential.
Registered Nurse: $75,330 annually, with stable demand in
healthcare.
Cost of Living Considerations
High living costs in major cities can affect the overall financial
situation for both careers.
Slide 5: Pros and Cons of Software Developer

Pros
High salary potential.
Opportunities for remote work.
Creative problem-solving and innovation.
Cons
Long hours and potential for burnout.
Continuous learning required due to fast-paced technology
changes.
Slide 6: Pros and Cons of Registered Nurse
Pros
High job security and demand.
Rewarding work with direct patient impact.
Opportunities for specialization.
Cons
Physically and emotionally demanding.
Shift work and long hours may be required.
Slide 7: Conclusion
Best Career Option
Recommendation: Based on salary potential, job security, and
personal interests, pursuing a career as a Software Developer
may be the best option for me. The higher median income and
opportunities for remote work align with my goals.
Slide 8: Works Cited

U.S. Bureau of Labor Statistics. (2020). Occupational Outlook
Handbook. Retrieved from www.bls.gov/ooh
PayScale. (2023). Software Developer Salary. Retrieved from
www.payscale.com
PayScale. (2023). Registered Nurse Salary. Retrieved from
www.payscale.com

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Title: Careers, Salaries, and Lifetime Income

Career research involves exploring potential career paths, understanding

Key Aspects of Career Research

Research about these careers can be conducted by leveraging resources like

Slide 2: Career Overview - Software Developer

Slide 3: Career Overview - Registered Nurse

Slide 4: Comparison of Career Options

Slide 5: Pros and Cons of Software Developer

Slide 8: Works Cited

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