In Texas, they like to do things big. The oil-rich state is served by many industries, and its gross domestic product grew by nearly three percent last year. Moody's Analytics describes the Texas economy as recovering and Forbes and Atlantic Monthly report that many of Texas' largest cities enjoyed stable real estate prices while home values across the country tumbled. Texas benefits from a large presence in oil and gas production, cotton farming and livestock production, as well as banking, finance and tourism. In recent years, the state also has become a major center for transportation, computer, semiconductor and telecommunications companies, the Federal Reserve Bank of Dallas indicated.
MBA Graduates Can Look for Jobs in Many Texas Cities
The varied and stable economy of Texas could provide a wealth of opportunity for graduates of business schools in Texas. One of the cities considered to be expanding--and not just recovering--by Moody's analytics is College Station. This city has a population of more than 90,000 and is home to Texas A&M University. According to Moody's, the city has low business and labor costs, a well-educated workforce and stability in the local labor market thanks to the universities. Graduates of MBA programs in Texas could also look for job opportunities in Dallas, Houston and San Antonio. These cities are home to many of the state's 51 Fortune 500 companies, including Atmos Energy, Sysco and Valero Energy. There's plenty of potential for skilled MBA grads in Texas.