Technology jobs are some of the most coveted positions in the entire finance industry. These careers often offer large salaries – but they can also be extremely hard to obtain. You'll find yourself competing with applicants from both the IT and finance sectors when you go out for one of these positions, so you need to make sure you afford yourself every possible advantage.
One of those advantages is knowing the right cities to look in. Every municipality has a different professional makeup, and finding high-paying technology jobs in one city may be much easier than it would be in another.
Mark Schill, research director at Praxis Strategy Group, recently spoke to Forbes about the best cities for individuals to live in if they want to work technology jobs as part of their career in finance. Analyzing job creation trends from the past 12 years, Schill identified the cities that offer the best opportunities to individuals hoping to break into the technology industry.
Surprisingly, Forbes reported that the four metro areas generating technology jobs at the fastest available pace were far away from the Bay Area, whose Silicone Valley is often held as the center of the technology industry. Instead, Austin, Texas was noted as being the best area for individuals looking for these jobs to reside. Tech companies based in Austin have expanded their employment by more than 40 percent since 2001.
Raleigh, North Carolina ranked as the second best place to hunt for technology jobs, according to the Forbes list. Raleigh has experienced an increase in tech sector employment of more than 50 percent since 2001. Houston, Texas ranked as the third place city according to Forbes.
Nashville may also be prime location for individuals hunting for technology careers in finance
Forbes ranked Nashville, Tennessee as the fourth best city in the country for individuals hunting for technology jobs. There has been considerable growth in the area: since 2001, Nashville technology jobs have increased by more than 65 percent. Additionally, there has been a 160 percent spike in the availability of computer systems design services jobs in the area during the same timeframe.
A recent report from the Tennessean also identified Nashville as a prime location for individuals to obtain tech jobs. An industry expert, hailing from the University of California-Davis, told the news outlet that the city is currently working to brand itself as a hip location for high-tech workers, and as a result is attracting more businesses to migrate there.
Steven Currall, dean of the UC-Davis Graduate School of Management, told the Tennessean that it's extremely important that Nashville work to foster the success of its businesses, in order to attract top level talents to the city.
"In the competition for talent, the U.S. has to continue to have the best education system in the world," Currall told the news outlet. "This country is facing competition from China, India … We have to continue to attract students and train them specifically for the needs of our employers."
In fact, individuals have gone so far as to suggest that technology classes now need to be taught to extremely young citizens. They feel that by doing so, the market for technology jobs can improve in many different cities.
"We are in a digital age, and we need to teach basic digital skills beginning in kindergarten," said Balaji Ganapathy, the head of workforce effectiveness for Tata Consultancy Services and the member of a panel giving a presentation on technology jobs covered by the news outlet. "We found that only 2,500 of the more than 30,000 high schools in the United States teach computer science."