Prosperity is in the cards for the next generation of college graduates making their way into the job market that holds one of the lowest unemployment rates in recent years. Along with the improving stability of our nation’s economy, new doors are being opened to millennial graduates as an increasing need for college educated employees across the US continues to expand. This stems from the growing success and innovation of many industries that rely on this workforce of newly trained and skilled talent to facilitate advancements made throughout the marketplace. As US companies had another record-setting month in April for number of jobs added – the 91st consecutive one according to the Bureau of Labor Statistics – the near future certainly looks bright for those seeking out their first job.
With these job opportunities continuing to open up across industries and across the country, the next generation of business leaders will decide largely in part on where graduates are located with many areas outweighing the competition in the job market, cost of living and access to housing they offer.
Leading professional network, LinkedIn, released its Guide to Getting Hired in 2018 to bring to light the key areas of focus these new grads should be considering.
Taking into account the data and research collected from the class of 2016-2017, the guide acts as a roadmap for honing in on the types of roles, companies, industries, and locations. This guide helps to present the best opportunities in today’s market to prepare and acclimate this demographic as they enter the first phases of their careers.
Maybe one of top challenges faced by new grads is in the growing competition of college-educated talent entering the workforce at the largest rate in history. Along with the skills this group brings, it will be critical for them to position themselves in the correct location and job market to have the best odds at future success.
A way all graduates can get ahead is through identifying the most prosperous and cost-effective location to live in. LinkedIn takes these factors into account in their list of the top 10 cities for new grads in 2018 included in the guide.
“Unsurprising to most Texas business professionals, two of the state’s largest cities made the list – Dallas-Fort Worth in the #7 position and Austin in the #9.” shares Marcus Hiles, shares DFW-based entrepreneur and CEO of leading property firm Western Rim Properties.
With the recognition of the state as having the highest annual economic and population growth in 2017; the area has also continued to draw attention from businesses who are relocating and expanding in Texas. This commercial expansion has helped aid the growing job market for recent grads and presents promising opportunities for long-term career growth as companies in the state continue to thrive.
Another factor linking new grads to the Texas area is in the education and career focus of the 2018 graduate population, which LinkedIn highlights business studies as the most popular major pursued.
Noted earlier this year as one of the top places attracting the entrepreneurial community, not only do some of today’s largest corporations have roots in Texas but also a growing network of startups and the employees who run them looking to hit big. “With the increasing business climate in Texas’ leading areas such as Dallas and Austin gaining interest from investors across the country, it will be a predominant factor in attracting new graduates to the state who are looking to be part of the country’s next fortune 500 company.” shares Marcus who also has benefitted from the state’s business-friendly environment.
The Texas attraction has been growing at record speeds in recent years where the state even led the nation in 2017 by sustaining the largest populations of relocated residents. This growth of new residents spans beyond that of new grads and entrepreneurs into many groups including out-of-state and international transplants, young families, home buyers and environmentally conscious individuals.
As commercial expansion in the state of Texas continues to strive with some of the largest companies in the world growing their operations in the area, the need for college-educated talent will remain a critical part of their future success. With this factor considered, it seems both the 2018 graduating class and the thriving Texas business community will work together to make the lone star state an even bigger player in the global economy in the years to come.