Job Prospects Abound in Austin
Which major Texas city was ranked by Money Magazine as number 2 on the “10 Best Big Cities to Live In” in 2006? Austin, Texas has survived through its share of the economic down-turn as a result of the recession that hit the technology sector in the early part of the decade, and has rightfully earned its place in the number 2 spot on the top 10 list of best big cities in which to live in America.
For several years prior to the decline in jobs in the technology sector, Austin had become known as a major center for high technology. Unfortunately, the recession in the technology industry did not spare the Austin market and it resulted in a loss of jobs in Austin, Texas.
But, once again, Austin is making its way to the top as a major player among big cities with a renewed focus on the biomedical and pharmaceutical industries, in addition to its technology expertise.
The University of Texas at Austin is recognized for its world-class programs in bioengineering, nanotechnology, bioinformatics, and pharmaceutical research. This outstanding educational institution is well-known for the enviable number of students receiving their doctoral degrees in science and engineering. The University produces its share of well educated and highly skilled individuals to support the growth of Austin jobs. And even more are needed.
Austin is home to a very educated, talented, and youthful population. The region attracts a diverse population of students and residents with its promise of continued future economic and job growth, and a promising future for young families and singles.
One of the highly desirable characteristics of Austin to young and old alike is its wireless technology – Austin is nationally recognized as a leader in wireless accessibility and high technology. Almost everywhere you travel around the city, you are able to access the wireless network. A highly sophisticated network of telecommunications makes it a great beta site for testing new and advanced technology.
There are over 150,000 people employed in the information technology, financial, and professional/business services industries. These business sectors offer high paying jobs and benefits for highly skilled, trained individuals.
Some of the largest employers in Austin include Dell, Inc., Freescale Semiconductor, Inc., IBM, and the Federal Government. The economic outlook and projected job growth for these and similar companies in the region are promising over the next several years. Austin has successfully re-engineered its job market to meet the demands of the 21st century.
Capitalizing on the local educational system and shifting its focus to the biomedical and pharmaceutical industry in addition to technology, is promising to be lucrative for this Texas city. Recognition as one of the most-wired and technologically advanced cities in the U.S. is a major draw for young people seeking challenges and opportunities in the field of technology.
Austin resident’s are known for their strong will, determination, and drive for success. This is evidenced through their re-creation and re-invention of a major city that survived the “technology recession” and lived to become an even greater area of opportunity as a result of its entrepreneurial and forward-thinking leaders.