Good news for new grads: The latest job statistics for the New York area are in — and they’re pretty promising. “The New York job market is as strong as it’s ever been,” says Lesley Hirsch, director of the New York City Labor Market Information Service (NYCLMIS) at the City University of New York Graduate Center. “There are more jobs than ever.”
A recent report showed that New York added 40,300 jobs this year, up 1 percent from last year. (Since 2010, annual job growth has been at 2 percent or higher.) Health care represents 70 percent (28,800) of these new jobs; half of those health care jobs were in home health services while 18 percent (5,300) were in hospitals.
Professional services also added 9,400 jobs, with half of those jobs in management and technical consulting service firms. The rest were in law, engineering and architecture, and scientific research and development firms.
One area that’s not growing? Retail. This sector lost jobs in the past year, which may be due partly to the rise of online shopping.
Overall, unemployment for college grads is down to 4 percent in the New York area. And according to the Federal Reserve, about 44 percent of college grads are working in jobs that don’t require a bachelor’s degree. Although that may sound high, it’s lower than in previous years.
For new grads on their first job hunt in the city, data is the key to edging out the competition. Consider this your cheat sheet to the 10 fastest-growing jobs, to the tech skills you need right now, to the buzzwords that will get your CV noticed. Here’s everything you need to know about launching your career this year.
They provide and coordinate patient care, educate patients and the public about various health conditions, and provide advice and emotional support to patients and their family members.
Job snapshot: In New York, the typical annual starting salary is about $68,000. The New York State Department of Labor (NYSDOL) estimates that there are 2,260 openings for registered nurses (RNs) this year due to retirement and employment growth, but this doesn’t include openings due to turnover. Last year there were more than 20,000 online job ads for RNs. (Hirsch says the real number is somewhere in between.) “More and more, health care providers are looking for nurses with four-year degrees,” says Hirsch. In 2016, 56 percent of online ads requested RNs have at least a bachelor’s degree, while the rest wanted RNs with associate degrees. “Typically, hospitals like to hire RNs who have a bachelor’s degree in nursing or they will ask the RNs they hire to earn their degree within a certain number of years after they are hired,” says Hirsch.
Software developers are the creative minds behind computer programs. Some develop the applications that allow people to do specific tasks on a computer or another device. Others develop the underlying systems that run the devices or control networks. They usually work in and coordinate with teams that may include subject matter experts, writers, graphic designers, programmers, and marketing and sales people.
Job snapshot: The average annual starting salary is $76,000 for app developers and $74,700 for systems developers. “There are three times more jobs for app developers than systems developers,” says Hirsch. (1,140 compared to 310, according to the NYSDOL.) App developers are expected to have a bachelor’s degree in computer science, but you can also land a position with a degree in engineering or business administration and management. For systems developers, employers require bachelor’s degrees in computer science, engineering or computer engineering.
This in-demand job title is roughly equivalent to a sales rep or sales manager. The title is used by insurance agencies, web portals, management consulting firms, commercial banks and software publishing firms to describe someone who sells a product or product line.
Job snapshot: The average annual starting salary is $41,000 and about 1,300 openings (and 4,475 job listings) crop up throughout the year. You’ll need a bachelor’s degree in business administration, marketing/marketing management, computer science or economics.
They organize, maintain and examine a company’s financial records. Private or corporate accountants work directly for a company, providing a range of accounting, auditing, tax and consulting services. Some accountants work as auditors to ensure records are accurate and comply with laws and accounting principles.
Job snapshot: The average annual starting salary is $57,600. There are about 2,640 openings per year, according to NYSDOL. Most employers look for a bachelor’s degree in accounting, but other acceptable fields include finance, business administration and management, and economics. Certification within a specific field improves job prospects. For example, many accountants become certified public accountants (CPAs).
They generate opportunities for sales for business support services, which include document preparation services, call centers, answering services, mail centers, collection agencies, credit bureaus, court reporting and similar businesses.
Job snapshot: The average starting salary is an estimated $40,000 yearly. About 70 percent of postings require at least a bachelor’s degree or more. Relevant degrees include business administration and management, marketing/marketing management, finance and engineering
Administrative assistants perform tasks such as drafting correspondence, scheduling appointments and maintaining files. Executive assistants provide higher-level support and conduct research, prepare reports, handle information requests and perform clerical functions. They may also train and supervise lower-level staff.
Job snapshot: Executive assistants can expect to make around $54,000 per year; administrative assistants about $29,300. There are about 2,800 openings for executive assistant and 2,300 administrative assistant positions yearly. Around 65 percent of hiring managers request a bachelor’s degree. While there’s no hard rule to what to study, top majors are business administration and management, finance, accounting and communications.
They research market conditions, gather information to determine potential sales of a product or service, and create marketing campaigns. They also gather information on competitors, prices, sales, and methods of marketing and distribution.
Job snapshot: The average annual starting salary is $49,000. There are about 1,260 yearly openings, according to the NYSDOL. Employers prefer bachelor’s degrees in marketing and marketing management, communications or business administration.
Also known as business intelligence analysts, database architects or data warehousing specialists, they produce financial and market intelligence by analyzing data and generating reports, and creating methods for identifying data patterns and trends. While this position sounds a lot like business analyst or financial analyst, it is more data-intensive.
Job snapshot: With an average annual starting salary of $63,000, the NYSDOL estimates about 100 job openings per year. Most employers require a bachelor’s, with the most in-demand majors being computer science, public health, business administration and management, statistics, and environmental science.
They guide businesses and individuals in making investment decisions. Most analysts work in an industry known as securities and commodities and other financial investments. They also work in commercial banking, credit card firms, accounting firms, management consulting firms and insurance agencies, where they assess the performance of stocks, bonds and other investments.
Job snapshot: The average annual starting salary is about $70,000. There are around 960 openings yearly, according to NYSDOL, with 7,400 job postings in 2016. Hirsch estimates that 90 percent of employers require a bachelor’s degree in finance, accounting, business administration and management, statistics, or computer science, while the rest ask for a master’s or doctorate degree.
They advise managers on how to make organizations more profitable and efficient. Unlike financial analysts, business analysts are focused on core business processes, not just financial investments.
Job snapshot: The average annual starting salary is $61,300. According to the NYSDOL, there are about 1,050 openings yearly. The vast majority require a bachelor’s in business administration, finance, economics or computer science.