The U.S. Bureau of Labor Statistics (BLS) reports that healthcare is the quickest growth sector in the economy, with about three million more jobs to be created by 2016.
Thousands of these jobs will be added in Texas, identified as the top state for growth and business development by CEO Magazine. Texas ranks second among top states for corporate relocation and expansion by Site Selection magazine, which ranked the Dallas-Fort Worth area America’s fourth-best market for corporate relocation and expansion. CNBC ranked Texas second among the best states in the nation for business. A thriving economy, which is fueled by the oil and gas industries, combined with a comparatively affordable housing market and a lower cost of living will keep attracting new residents and unlimited employment options to the Lone Star State for many years to come.
Fort Worth job growth
Fort Worth is one of the top leaders in job growth, corporate relocation and business development. The fastest-growing major metropolitan area in the nation according to the U.S. Census Bureau, Fort Worth is also the fastest-growing city in North Texas, says the North Central Texas Council of Governments. The Fort Worth area is home to two of the top three fastest-growing communities in the country – the city of Haslet and the city of Keller. NewGeography.com ranked Fort Worth as number four on the list of “Best Large Cities in the U.S. for Jobs,” while the BLS ranked the Dallas-Fort Worth third in the nation for adding private sector jobs.
Job creation and development in Houston
Houston also figures high in job creation and business development in Texas. According to Forbes, Houston holds the number one spot on its list of “Cities Where a Paycheck Stretches the Furthest,” and Forbes ranked Houston number two on its list of “Fastest Growing American Cities.” The economic forecasting firm, The Perryman Group, expects Houston to lead the state and the nation in population and employment growth between 2011 and 2040. It is expected that Houston will add another 1.6 million jobs during that period. Houston gained 95,800 new jobs from October of 2011 to October of 2012, the highest job growth rate of the top 20 most populous metropolitan areas. Houston also regained 182.6 percent of the jobs lost during the recession.
Good news for MBA in Healthcare Management graduates
What do all these facts and figures about Texas mean to a graduate with an MBA in Healthcare Management? Jobs. As corporations relocate and businesses such as hospitals, clinics, nursing homes, insurance companies, university research centers and government agencies expand to Texas, they will need skilled healthcare professionals. A steadily climbing population within all major Texas cities and a growing aging population needing healthcare services add to the employment possibilities for an experienced healthcare professional looking to advance his or her career or a qualified professional looking to break into the healthcare industry as a manager.
Many management positions in the healthcare industry require an advanced degree. A graduate with an MBA in Healthcare Management can move up to the next career level and a higher paying salary. A career in healthcare management, whether in Texas or another part of the country, can offer numerous opportunities in a booming job market.