The Pulse

Career Burnout: Financial Services Ranks Among Most Stressful Jobs

Education is the most burnt-out job in the US, with a median duration of 2.65 years of working at the same place

Technology, Information and Media comes just behind in second place total median of 3.41 years before looking to switch jobs, according to new research from experts at PsychologyJobs.com.

New data has revealed the top 10 industries with the shortest average of median tenure in the job role. The research conducted by career experts at PsychologyJobs.com analyzed the average median tenure on LinkedIn to find out which industries are facing the most burnout in their careers. In total, over 4,000 companies in over 400 sub-industries were included in the analysis.

Top 10 industries most likely to lead to burnout:

Education topped the list of industries experiencing the most burnout, with an average median of 2.88 years. Education includes instruction or training in a broad range of subjects in schools, colleges, universities and training centres. E-Learning providers face one of the most burn-out subcategories in Education with an average median tenure of 2.01 years. San Franscisco-based E-learning provider Udemy had one of the highest median tenures at 2.8 years

Following closely behind in second place for industries most likely to face burnout is Technology, Information and Media, with a median tenure of 3.41 years. This is 43% quicker burnout than the average median change of job roles of all industries at 4.86 years. Careers in this industry include software and data analytics, broadcasting and telecommunications. Both global technology companies, Amazon and Meta, have the same average median tenure of 2.8 years.

In joint third place are Real Estate and Equipment Rental Services and Administrative and Support Services, with an average median tenure of 3.91 years. This equates to roles such as translation and localization having the same burnout rate as real estate agents. Atlanta’s oldest and largest residential real estate firm, Harry Normans, has one of the longest average median tenures in the sub-category of real estate, with 13.1 years.

In fourth place is Retail, with an average median tenure of 4.06 years. Retail includes sales in clothing, supermarkets, luxury goods, and florists. Subcategories of Luxury Goods and Jewellery and Food and Beverage retail have the lowest median tenures, on average, with 2.59 years and 3.10 years, respectively.

Accommodation Services followed closely behind in fifth place with an average median tenure of 4.36 years. Roles within the Accommodation Services industry include bartenders, waiters, caterers and mobile food services such as food trucks. Working in the subindustry of Bars, Taverns, and Nightclubs had the fifth shortest average median tenure of 1.5 years out of all the subcategories in the study.

In sixth place is Construction, with an average median tenure of 4.71 years. The industry can produce roles such as civil engineer, builder or site inspector.

Entertainment Providers is in seventh place, with an average median tenure of 4.79 years. The Entertainment Provider industry includes roles that produce, promote or participate in live events, exhibit objects or sites and recreational activities for the public. Roles can range from working in museums, performing arts, spectators’ sports, circuses, casinos and zoos.

Just after that in eighth place is Financial Services, with an average median tenure of 4.83. Roles can range from banking, investing, and insurance.

In ninth place is Professional Services, with a median tenure of 5.31 years. The Professional Services industry includes the likes of staffing and recruiting, project management and legal services.

Finally, rounding off the list in tenth is Hospitals and Health Care, with a median tenure of 5.33 years. The roles within the industry can range from ambulance services to dentists and mental health care.

The top five industries with the least burnout include:

  • Government Administration with an average median tenure of 7.36 years
  • Utilities with an average median tenure of 6.90 years
  • Oil, Gas & Mining with an average median tenure of 6.35 years
  • Manufacturing with an average median tenure of 5.83
  • Transportation, Logistics, Supply Chain and Storage with an average median tenure of 5.82

General Industries ranked by Average of Median Tenure (Most likely to burnout)  

Amelia Beronilla, Community Manager of PsychologyJobs.com commented on the findings: “When faced with burnout, changing jobs can be a viable solution to regain motivation and enthusiasm for work. Employers should be mindful of their employees tenure and well-being and take proactive measures to prevent and address job burnout to ensure a healthy and productive work environment. According to LinkedIn’s Workplace Learning Report, 94% of employees will stay at a company that supports progression in their careers. This highlights how progression can increase job satisfaction for the employee and foster a sense of loyalty and commitment to the organization.

“Certain industries can be prone to high levels of burnout due to the nature of the work and the demands placed on employees. The study highlights the industries with short median tenure, indicating a high turnover rate, often including customer service, retail, and hospitality. In these industries, employees may face constant pressure to meet customer demands, work long hours, and deal with challenging situations daily, leading to increased stress and burnout.

“Five tips to avoid burnout include:

  • Set boundaries with breaks: Establish clear boundaries between work and personal time to prevent overworking, and make sure to take regular breaks throughout the day to recharge and avoid burnout.
  • Communicate with your management: Discuss workload concerns or stressors with your supervisor to seek support or adjustments.
  • Learn to say no: Don’t take on more than you can handle, and be comfortable saying no to additional tasks or responsibilities.
  • Practice self-care: Engage in activities outside of work that promote relaxation and well-being, such as exercise or meditation.
  • Prioritize tasks: Focus on important tasks first and delegate or eliminate less critical ones to avoid feeling overwhelmed.”

Top 25 Sub-category Industries ranked by Lowest Average of Median Tenure (Most likely to burnout)  

Top 25 Sub-category Industries ranked by Highest Average of Median Tenure (Least likely to burnout) 

 

 

 

Methodology
The study analyzed the top 10 most relevant companies according to LinkedIn search results when searching for a particular sub-industry, e.g. “printing services” or “government administration”. Each company’s median tenure for employees was taken from its LinkedIn profile page to calculate the average median tenure for each sub-industry and for the broader industry category that it falls within. In total, over 4,000 companies in over 400 sub-industries were included in the analysis.