Top 10 Cities For Finance Jobs
Accounting Principals recently named the top 10 cities to find a job in finance in 2013, based on overall economic environment, internal data, and the volume of job openings in the past six months. Accounting Principals' senior vice president Jodi Chavez explains what makes each city so desirable.
By nature, the city's core industries (energy and all that support energy) have a heavy need for finance and accounting professionals, meaning companies can hire two to three times the accounting and finance staff a non-energy client would. And right now, all sectors within energy are hot, including oil and gas, production and exploration, shale plays, energy trading, utilities, oilfield service, and energy related technology.
With a large concentration of Fortune 500 companies across a diverse set of industries (especially energy and technology) headquartered in the city, Houston sees opportunity in the energy sector, including oil and gas, and real estate. As with Dallas, the city is also extremely livable, with many attractions and a fair cost of living.
San Franciscos unique advantage is that its technology innovation machine is balanced by the presence of many privately-held traditional financial and professional services firms, which provide the foundation for high-risk companies to thrive. The job market here is aggressive, with salaries among the top in the nation and fierce bidding wars for top candidates, who often have several offers to choose from. To appeal to these top candidates, companies offer great perks.
With a high concentration of Fortune 500 company headquartered in Irvine, the demand is in manufacturing, service industries, IT, technology, commercial real estate and property management.
New York City, one of the financial capitals of the world, is the starting point for many finance professionals. Right now, there is demand in financial services, healthcare, nonprofit, real estate, advertising/media, retail and insurance.
Atlanta is becoming a hub for Fortune 500 companies' regional offices because of the city's growth, cost of living and international airport hub. Right now, IT, manufacturing and commercial/residential building are all seeing growth in employment.
Seattle offers opportunities in the technology and aerospace sectors, and finance professionals with experience in both private and public accounting are especially sought after by employers. The large multinational organizations in the area are also supported by many surrounding companies.
Most industry groups have a presence here, including: manufacturing, financial services, banking and insurance, healthcare, law, advertising and the federal government. As a very well-educated and entrepreneurial market, Richmond is also home to a number of start-up companies.
The city is a melting pot of industries, and has seen success in most of them (nonprofit, manufacturing, healthcare, Fortune 100/500, private, etc.), which means accounting/finance professionals can gravitate toward whatever industry may be hot at the moment.
One of the fastest growing cities for that past 20 years, with businesses selecting Phoenix for the low cost of doing business and the depth of the labor pool, the city has a young workforce that is supported by two major universities. Big Four experience is in high demand, and theres currently opportunity in healthcare, construction, real estate, financial services, banking and IT.