March 31, 2015
For those expected to graduate from college this May, you should probably look towards Boston, MA or Washington, D.C. for your first job. According to a recent analysis of the best places for recent grads to find jobs, Boston and D.C. are among the top 10 cities in the United States for college grads.
The rankings were compiled by NerdWallet and published just yesterday. Using data from the 2013 U.S. Census Bureau’s American Community Survey‘s three-year estimates, NerdWallet looked at the stats in the 100 biggest cities in the country to pin down the top ten cities for college grads. The metrics used includes the percentage of the city’s population 25 years and older with a bachelor’s degree or higher; percentage of the population falling between the ages of 20 and 29; median earnings of people holding a bachelor’s degree and is 25 years or older; jobs in management, business, science, and arts occupations; and rent as a percentage of the income. They also brought in the unemployment rates from the December 2014 report by the Bureau of Labor Statistics.
Per NerdWallet’s rankings, Madison, WI tops the list of cities among college grads. Rounding out the rest of the top five are Arlingon, VA; Minneapolis, MN; Boston, MA; and Washington, D.C. Considering the cities on ranked on this list of top cities for college grads, it’s not unreasonable to consider the effect of rapidly growing startup ecosystems. The Washington, D.C. metro region (which includes the city of Arlington) is slowly becoming one of the top tech ecosystems in the country – and its appeal to new college grads isn’t something new; there’s a reason why Millennials make up a significant amount of the population in the area. Boston, for its part, has also seen an increase in startup activity in recent years, bringing in venture capital at a rate only behind that of Silicon Valley and NYC.
Check out the rest of the top 10 cities for college grads below:
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