The U.S. job market has continued to make headlines during recent months as high unemployment numbers persist in many areas around the country. However, a new survey from ""Accounting Principals"":www.accountingprincipals.com/ shows that 10 American cities are rising to the top when it comes to employment in the financial sector.[IMAGE]
The study by Accounting Principals, an accounting and financial staffing firm, combined statistics gleaned from the company's internal data, as well as information on the nation's current volume of jobs openings and general economic conditions in the regions observed to establish which cities are likely to be most lucrative for job seekers in the finance field.
Coming in at number one, Houston, Texas, appears to be the country's leader in employment opportunities in the financial sector. Within its report, Accounting Principals noted that the large number of diverse Fortune 500 companies in the area was a major catalyst behind the city's first place ranking.
Other regions making Accounting Principals' top 10 list included Richmond, Virginia; New York City, New York; San Francisco, California; Atlanta, Georgia; Dallas, Texas; Tulsa, Oklahoma; Overland Park/Kansas City, Kansas; Raleigh, North Carolina; and Chicago, Illinois. Like Houston, New York is new to the company's rankings, and Accounting Principals stated that the expansion of employment options in the city's financial industry now has its roots in the non-profit and retail sectors, representing a migration away from New York's traditional job offerings in the finance field.
Commenting on the recent findings, Accounting Principals' senior vice president, Jodi Chavez, said, ""As the economy improves we'll see more cities follow New York's lead, with finance jobs becoming increasingly available in nonfinancial firms.""
Chavez continued her thoughts, adding, ""Accounting and finance is an essential function to operate and grow every business. As markets improve, finance professionals will be needed to advise business leaders on where and when to expand.""