Although unemployment continues to be a major problem in many areas of the country, not all cities are devoid of jobs. There are places across the country that can offer employment opportunities to recent college graduates interested in business. These cities not only offer solid job prospects, but some of them are affordable to live in as well. If upward mobility is what you are after, then seriously consider making a move to one of these places.
Texas is home to two cities that offer great opportunities for young business majors. The first, Austin, is the state capital. This city is home to eight colleges including the University of Texas. It has had the fourth-lowest jobless rate in the country in recent years (among cities with populations of more than 1 million). The town's cultural scene is remarkable, hosting huge concerts every year and a lively night life. Not only does Austin have a lot of business jobs available, the cost of living is manageable for even those with skimpy paychecks. Austin's top employers include Dell, Seton Healthcare Network, and the city and state government.
The U.S. capital has boasted the lowest unemployment rate in the country. Washington, D.C., is one of the best places for recent graduates because the government and related sectors are frequently in need of workers. Business graduates will make good money there and so should be able to handle D.C.'s high housing costs. Along with stable jobs, a great public transportation system and adventurous night life, D.C. also offers the chance to work among people from all around the world.
Recent business graduates can find everything they need in Manhattan, but it comes at a cost, in fact the highest cost of living of any city in the nation. If you dig around, more affordable pockets can be found so if you really want to live there, don't give up. With many of the largest corporations in the U.S. based out of Manhattan, there are numerous employment opportunities. Before you take a job there, however, be sure your paycheck will cover your living expenses.
For those either currently living in or hoping to move to the Midwest, the Twin Cities of Minneapolis and St. Paul offer the best career prospects for young business graduates. With a below average cost of living and hearty serving of businesses, including titans Travelers Co. and US Bancorp, the Minneapolis-St. Paul metro area was ranked third best market in the nation by Forbes magazine. Part of what makes Minneapolis a big draw is its low unemployment and extremely welcoming locals. The climate may be cold but the people are warm.
Similar to its Lone Star sibling, Houston offers business majors multiple job prospects in a big city with a low cost of living and exceptional food. This diverse city serves as the headquarters for 25 Fortune 500 companies, and because of its business-friendly location and influx of oil money, 14 of the largest and fastest-growing corporations in the U.S. are found there too. Top employers in the area include Wal-Mart, Exxon Mobil and Memorial Hermann Healthcare System. The weather is sticky and hot and the traffic can be brutal, but the employment prospects in Houston often outweigh such downsides.