Phoenix is part of the economic region dubbed the Sun Corridor, and the business outlook in the Arizona capital is definitely bright. The city's reliably warm, dry weather is ideal for two major industries: aerospace and solar energy. The metropolitan area boasts about 300 aerospace companies, according to the Greater Phoenix Economic Council. Systems supplier Honeywell and major commercial airline U.S. Airways together employ more than 20,000 people in the greater Phoenix area. Other major aerospace players include Boeing, General Dynamics, Orbital Science Corporation and Southwest Airlines. In 2010, Business Facilities magazine named Arizona "solar energy king" of the U.S. thanks to the presence of major solar energy companies like First Solar, Kyocera Solar and Stirling Energy Systems. The industry is poised for continued and rapid growth, given that the state has 2.5 million megawatts of potential solar capacity, according to the GPEC.
Although aerospace and solar are anchor industries, as the sixth largest U.S. city by population, Phoenix has an extremely diversified economy and is a financial capital as well as a center of international commerce. Bank of America, Charles Schwab, JP Morgan Chase and Wells Fargo have significant operations in Phoenix. As reported by the GPEC, foreign direct investment projects abound in Phoenix and throughout Arizona, with international companies in varied sectors -- including metals, pharmaceuticals, hotels, transportation and consumer products -- coming to the state. Other Fortune 500 companies that are major Phoenix employers include telecommunications giants AT&T and Verizon as well as information technology heavyweights Intel and Google.
Hot Management Jobs in Phoenix: Engineering, Finance, Global Management, & Telecommunications
Students enrolled in Phoenix MBA programs who are interested in joining the city's aerospace or solar energy industry might find business schools specializing in engineering or industrial management. Those working as engineering/architectural managers in Phoenix earned a 2010 mean annual wage of $126,890, according to the Bureau of Labor Statistics (bls.gov), and industrial production managers earned a mean $88,200. A program focusing in finance could be the natural choice for students looking to transition from one of the business schools in Phoenix to one of the city's financial services firms. Phoenix financial managers earned a bls.gov-reported 2010 mean annual wage of $103,980.
Considering that the city is a gateway for international trade, students will likely have many career options after graduating from one of the Phoenix business schools with an MBA program in global management. Those with an eye on the city's telecommunications and IT companies might look at MBA programs in Phoenix that have strong programs in telecommunications or even information systems. Computer and information systems managers in Phoenix earned a bls.gov-reported 2010 mean annual wage of $108,600. When it comes to progressing in your career, look to become part of the Sun Corridor through the MBA programs offered in Phoenix.
Additional Resources Found on MBAPrograms.org
MBA Programs in Industrial Management
Additional Resources on Phoenix, Arizona
List of Corporations in Phoenix, Arizona
Bureau of Labor Statistics' Data for Phoenix, Arizona
2011 Report From Business Facilities Ranking Top Solar Energy Areas