What IS the BEST city for STEM jobs. Where does Boston rank? Did you know that the STEM industries is one of the fastest growing industries. What is STEM you ask? Good question. STEM is an acronym for: science, technology, engineering and math. With an estimated FIVE BILLION smart phones in use, you see why this sector is one of the fastest growing. How do you build FIVE BILLION of anything? To give you a comparison, the number of CARS on the world globally comes in with an estimated 1.47 billion. So the tech, science, math and engineering behind making 5 billion smart phones is an enormous undertaking. Let’s see why STEM is the fastest growing by the numbers.
STEM By The Numbers
Apple: Current stock price, $182.68
Market cap: 2.82 TRILLION (The market cap of a company shows the value of the company.)
Now just to compare the perceived size of Apple compared to let’s say Exxon Mobil, the oil giant’s stock price is about half of Apple’s at $98.98. BUT, Exxon Mobil’s market cap is a much lower, $387 billion. While we need both phones, and oil, you can see that Apple’s perceived value is much higher.
Amazon: Current stock price: $151.71
Market cap: $1.57 TRILLION
Keep in mind that Amazon is more than a delivery service. One of their very successful business is providing cloud severs, and of course streaming. The growth is massive. They have 750,000 employees. When they first went public in 1997, their the stock was $18 per share.
Novo Nordisk: Current stock price: $106.68
Market cap:$370 BILLION
Another name for science is BIOTECH. These companies are know for creating medicines and the stuff that treats diseases. Does OZEMPIC sound familiar? The company that created this is called Novo Nordisk. The weight loss drug, called semaglutide, originally created to treat diabetes, is now the NUMBER ONE weight loss drug. The brand name for semaglutide is Ozempic.
So you can see why STEM is an incredibly fast growing sector, just by seeing these above examples, that we use in everyday life. There are hundreds more. Ok, then what states having the most jobs in STEM?
BEST City For STEM Jobs
Our friends at Wallet Hub share an in-depth report showing the most attractive cities for STEM jobs.
According to the report:
“STEM graduates have significantly higher earning potential than people in other fields, as well as access to more employment opportunities. Being in a city where STEM jobs are abundant can set people up for long-term success, as they can move between jobs without having to uproot their life. At the same time, the availability of remote work now allows people to do many STEM jobs from anywhere.”
Where does Boston rank?
Austin, Texas
Image by Getty Images
According to Wallethub:
Austin, TX is the best metro area for STEM professionals, according to a new report by the personal-finance website WalletHub, which analyzed 21 indicators in three categories: professional opportunities, STEM-friendliness and quality of life.
“The Austin, TX metro area is the best for STEM professionals, in part because STEM jobs make up over 11.5% of all employment, one of the highest rates in the nation,” said Cassandra Happe, an analyst at WalletHub. “The Austin metro area also offers the potential for high earnings, with a median yearly income for STEM jobs over $101,000 even after adjusting for the cost of living.”
2-Seattle, Washington
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Seattle is the second-best area for STEM because it is one of the most well-known west-coast tech hubs, and the surrounding metro area has plentiful STEM jobs. For example, it ranks second in the country for STEM employment, with STEM positions making up over 13% of all jobs and more than 15% of new job postings on Indeed being in tech.
Plus, over 7.5% of the area’s GDP stems from research and development, which is one of the highest rates in the country. The Seattle metro area also has very productive inventors, with one of the highest numbers of invention patents per capita.
3-Atlanta, Georgia
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According to Wallethub:
The Atlanta, GA metro area ranks third for STEM professionals in part because it has some of the best engineering universities in the country and one of the highest median wages for STEM jobs, at over $105,000 per year after adjusting for the cost of living.
Like the other top metro areas, Atlanta has a high share of STEM jobs and job openings, but it’s also notable for creating a good environment outside of work. For example, it ranks among the top areas for singles and recreation, which can help professionals who move for work find partners and de-stress after a productive work week. The Atlanta metro area is also a great place to network, as it ranks highly when it comes to tech meetups per capita.
BOSTON!
(Photo by Maddie Meyer/Getty Images)
Boston proudly get’s the nod for the NUMBER 4 BEST CITY for STEM jobs across the country. It does make sense with Boston being the backdrop for medical research, and of course, MIT.
Wallethub shares:
STEM Job Market in Boston-Cambridge-Newton (1=Best, 50=Avg.):
- Overall Rank for Boston-Cambridge-Newton: 4th
- 9th – % of Workforce in STEM
- 1st – Math Performance
- 26th – Quality of Engineering Universities
- 18th – Job Openings for STEM Graduates per Capita
