Many people don't realize that one of the most important factors in determining whether or not they'll find a job has nothing to do with their accomplishments or their experience. You can't control the trends that shape the job market – which jobs and locations are hot, and which are not – but you can do your best to work around those trends.
Luckily, a number of recent studies have illustrated which jobs are accounting for the most hires lately – and which cities the majority of those hires are occurring in. First off, Business Administration Information recently analyzed data from both the Bureau of Labor Statistics and the National Association of Colleges and Employers to list off the top jobs for college graduates during the coming year – and they arrived at very good news for prospective finance professionals.
The best positions to apply for moving forward, based on information culled from the aforementioned sources during 2013, are accounting jobs. Business Administration Information noted that NACE's data identified accounting as one of the top 10 in-demand bachelor's degrees, and that the BLS projected a 16 percent growth in employment for this particular field from the year 2010 through 2020.
Financial advisor jobs will be the second-hottest area of employment during the coming year, according to the news outlet. The BLS has projected that this field will grow by 32 percent in terms of employment during the current decade. So individuals applying for accounting jobs, financial advisor jobs and other positions in the finance field should stay confident, and continue to send out applications whenever possible – the trends are swinging back in their favor.
The top cities and states to apply for jobs
Another recent study aimed to identify the hottest cities and states to apply for non-agricultural jobs. Lee McPheters, research professor at the W. P. Carey School of Business at Arizona State University, recently analyzed additional data from the BLS to understand where non-agricultural job growth is happening at the fastest rate.
The researcher found that many states are currently making great strides in terms of employment. According to the news source, 12 different states in the U.S. displayed job growth of at least 2 percent throughout 2013. North Dakota, Utah and California displayed the most job growth, at 3.6 percent, 3.2 percent and 3.0 percent, respectively.
"Several newcomers made the Top 10 job-growth states list this time," McPheters told Insurance Journal. "Nevada, Idaho, Florida and Washington all hadn't made the Top 10 in 2012. Nevada, in particular, is finally demonstrating a good rebound, cracking the Top 10 for the first time since the recession and taking the biggest leap up from No. 19 to No. 6. It led all states in the rate of new construction-job growth, with a gain of nearly 10 percent."
The study also looked at the cities where job growth is rapidly increasing. The research found that the best city to look for a job in the U.S. may be Riverside, Calif., where non-agricultural job growth was up by 4 percent last year. San Francisco, Denver and Houston made up the 2nd, 3rd and 4th spots on the list, displaying growth of 3.9 percent, 3.6 percent and 3.5 percent, respectively.
"California is well-represented among the fastest-growing major metro labor markets with four cities, including Riverside and San Francisco in the top two spots," McPheters told the news outlet. "Florida and Texas each have two large metro areas in the Top 10."