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The global labor force has grown by more than 200 million people in the last five years, according to the World Bank. Most of these workers are millennials – adults less than 35 years old – at least in the United States, where in 2015 they surpassed Generation Xers to become the generation with largest share of the labor force.
Despite reports that young adults are spending more years in school, the global economy is desperate for more skilled workers.
Though it may seem difficult to land a great job right after graduation, college-educated employees are actually in high demand worldwide.
The McKinsey Global Institute predicts that by 2020, there will be 38 million to 40 million fewer workers with a college or postgraduate degree than the labor market needs. The Best Countries to Start a Career are those with developing and dynamic economies that can best employ workers to their skill level and the country’s need.
Many newly minted graduates overlook the possibility of working abroad as they begin launching careers, but outside of the US, several other countries are ripe for building a career.
In partnership with brand strategy firm BAV and the University of Pennsylvania’s Wharton School, U.S. News & World Report compiled a list of the best countries to start a career, highlighting places with robust economies that are able to employ workers at their appropriate skill level. The ranking looked at how nearly 6,000 millennials (defined as adults less than 35 years old) scored countries on seven criteria: job market, economic stability, entrepreneurial atmosphere, income equality, innovation, progressiveness, and whether they wanted to live there. U.S. News weighted each metric equally to determine a country’s overall score.
Economic juggernaut China earned the No. 1 spot, followed by Germany in second and the US in third. Keep reading to check out the full list of the 10 best countries to launch a career.
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