Welding Job Outlook

Welding Industry Outlook in 2022

According to the Bureau of Labor Statistics (BLS), the coming years expect to see a rise in job openings for welders, cutters, solderers, and brazers. With this increase, we’re excited to partner with programs that offer training for this growing field. What can a career as a welder mean for you, and how can you get there? This industry spotlight is here with the answers!

What's the outlook for welders?

According to the BLS, employment of welders is expected to grow by 8% from 2020-2030, matching the national average across all occupations. Aging infrastructure across the country will necessitate this increase, as the expertise of welders, cutters, solderers, and brazers is needed to help rebuild and repair bridges, highways, and buildings.

Overall, an average of about 49,200 job openings for welders, cutters, solderers, and brazers are expected each year over the next decade!

Data from https://www.bls.gov/ooh/production/welders-cutters-solderers-and-brazers.htm#tab-6

How can you become a welder?

To become a welder, cutter, solderer, or brazer, you typically need a high school diploma or equivalent, as well as technical and on-the-job training. While you could pursue a degree in welding, which can take at least two years and cost between $40,000–$100,000, another option is to enroll in a career training program. These can take less than two years to complete (some spanning as little as seven months) and cost $5,000–$15,000.

This type of training can be found at vocational–technical institutes, community colleges, and private welding, soldering, and brazing schools — including several that Climb partners with for payment options!

What could your career trajectory look like?

Choosing to become a welder can set you on a variety of career paths. Below are three typical trajectories, according to Payscale!

To view the full career trajectory flowchart for welders, visit https://www.payscale.com/research/US/Job=Welder/Hourly_Rate.

How can we meet the demand for welders?

There are many valuable career training programs across the US — they even managed to keep classes going during remote learning in the midst of COVID-19! However, the cost of attending a welding program can cost an average of $6,850, alongside the cost of books, equipment, and living expenses. Offering diverse payment options, such as payment plans or loans, will help open the door to more people. This is why Climb partners with welding schools — our mission is to increase access to career-focused education! By working with them to provide payment options, we hope to open the door for more people to reach their education and career goals.

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What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.