Seattle is the Nation’s #1 Market for STEM Professionals
The Seattle/Tacoma/Bellevue, WA, metro area is 2017's #1 market in the nation for professionals in science, technology, engineering, and mathematics (STEM), eclipsing the better-known bastion of STEM excellence in Silicon Valley for the top spot, per a new study by WalletHub.
"Given their growing demand, STEM careers today comprise some of the most lucrative employment, paying higher salaries and boasting far fewer threats of unemployment compared with non-STEM jobs," stated WalletHub, a consumer research firm specializing in financial analysis.
Rounding out the top 10 STEM markets are: #3 San Francisco/Oakland/Hayward, CA; #4 Boston/Cambridge, MA (plus Newton, NH); #5 Springfield, MA; #6 Austin/Round Rock, TX; #7 Minneapolis-St. Paul, MN (plus Bloomington, WI); #8 Atlanta/Sandy Springs/Roswell, GA; #9 Washington, D.C. and Arlington/Alexandria, VA; and #10 Pittsburgh, PA.
"STEM professionals are on the forefront of solving some of today's most complex problems in areas like cybersecurity and manufacturing, and the cities on this list should be commended for creating business and cultural environments that foster the collection of talent and encourage technological advances," said Monica Sagrario, managing director at technology and management consultancy Sila, who also noted that Sila has primary offices in 2 of the top 10 cities—Seattle and Arlington.
In addition, Sila has two other offices in metro areas ranked high on the STEM list. That includes Chicago/Naperville/Elgin, IL, at #50 and New Haven/Milford, CT, at #54.
Top STEM metro areas with Sila offices also earned other significant standings in WalletHub's study.
- Seattle/Tacoma/Bellevue was #1 for the highest annual median wage growth for STEM workers, with Chicago/Naperville/Elgin coming in at #4.
- Washington/Arlington/Alexandria and Seattle/Tacoma/Bellevue tied for second place with the highest percentage of their workforce in STEM jobs.
- Seattle/Tacoma/Bellevue tied for fifth for the highest quality of engineering universities.
WalletHub made its determinations on the best job markets for STEM professions across two broad categories—professional opportunities and STEM-friendly environment. Those categories were then evaluated against 17 metrics, which included: job openings for STEM graduates per capita, share of workforce in STEM, and STEM employment growth in the professional opportunities category; and share of best engineering schools, housing affordability, and transit accessibility of workplace in the STEM-friendly environment category.