MBA Programs in New York
New York, aka the City That Never Sleeps, is like Mecca for driven, up-at-all-hours graduates of business schools. So why not start your MBA education in the state? New York State has the 15th largest economy in the world and the third largest in the U.S. To top that off, the state is home to 94 of the nation's Fortune 500 companies--that's nearly 20 percent of the nation's biggest moneymaking entities, and many are located in New York City.
Sectors with the largest number of jobs in New York include professional and business services; educational and health services; and trade, transportation and utilities, according to the Bureau of Labor Statistics. New York City--or any of the state's large cities or small towns--could be a place for you to put your education from one of the business schools in New York to work.
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New York is among the five best states for accounting/auditing and personal financial advising employment. It is also the top state among accountants for annual mean wages, sitting at a cushy $85,070. These are predicted to grow by 9 to 17 percent during the 2008 to 2018 decade and could be promising for students of MBA schools in New York who are working toward a concentration in either accounting or finance. (www.bls.gov, 2011)
Financially oriented graduates of MBA programs in New York may also be attracted to New York's banking scene, which includes big names such as J.P. Morgan & Co., and Goldman Sachs Group. Although the bulk of the state's Fortune 500 companies are located with the city, opportunities could still be available for those wanting to commute from outlying--and more affordable--suburbs.
How can earning an MBA help your career in New York? New York City isn't just the largest U.S. city, population-wise -- it's also home to the nation's largest regional economy. Money magazine recently reported that New York's gross domestic product topped $1 trillion in 2010, surging more than 5 percent. It's easy to see why New York is growing so quickly: More than 50 Fortune 500 companies are located in the city, including banking giants J.P. Morgan Chase and Citibank, media giant NewsCorp and fashion brand Ralph Lauren.
A report from the Economic Quarterly Review journal suggested that much of New York's success comes from its position as a "center of command and control" for the managerial elite and as a global core of finance and its related services. However, not only is New York's Wall Street an international financial hub, the city is the epicenter of mass media, journalism and publishing in the U.S. Creative industries such as new media, advertising, fashion, design and architecture are responsible for a growing percentage of employment. If you're considering an advanced career in any of the city's business sectors, look to MBA programs in New York City to help you gain the skills needed to land a job among the metro-area's management elite.