Boston is a world-famous city with a great deal to offer. Located in the New England region on the United States’ Eastern Seaboard, Boston has a temperate climate that appeals to many. While the city of Boston itself has a population of 645,966, over 4.5 million people live in the Greater Boston area. If you’re thinking about finding a school in Boston, you probably want to learn a lot more about the city. Let’s go over some vital information on this amazing location below.
Boston’s Top Industries
The most important industries in Boston are Education, Financial and Insurance Services, Health Care and Social Assistance, Tourism, and Biotechnology. The several tens of thousands of people working in the Education industry in Boston are employed in schools (such as public schools, private schools, colleges, universities, and other institutions), as well as various types of educational support services. Colleges and universities are the largest employers within the sector as a whole.
There are many different job titles and positions within the Education sector. Examples include: Office Clerk; Executive Secretary; Administrative Assistant; Postsecondary Teacher (for example, Professor); Elementary Teacher; Secondary Teacher; Education Administrator; Janitor or Cleaner; Teachers’ Assistant; and Vocational Education Teacher or Instructor.
Some of the most important Education sector employers in Boston are universities and colleges, which include Northeastern University, Suffolk University, Boston University, the University of Massachusetts—Boston, Simmons College, and Boston College. It is expected that the importance of the Education Industry in Boston will continue to become stronger in the future.
13% of private employment in Boston in 2016 was in the Financial and Insurance industry. Some of the most significant employers in this industry include State Street Bank & Trust Co, Fidelity, John Hancock, Liberty Mutual, Blue Cross/BlueShield of Massachusetts, and many others. The financial services industry has been extremely important in Boston for centuries. In fact, this industry is considered the most important in the entire state of Massachusetts. Financial service employees in Massachusetts tend to have a very high average income. In 2012, this average income was approximately $114,000. As The Boston Globe points out, this vastly exceeds the average income in all other industries (which was $55,600 the same year).
21% of private employment in Boston in 2016 was in Health Care and Social Assistance. Boston has a great many hospitals (fifteen), a fact that helps make this industry so strong. Some significant industry employers in Boston include Massachusetts General Hospital; Bringham and Women’s Hospital; Children’s Hospital, Boston; Beth Israel Deaconess Medical Center; Boston Medical Center, and many others. The tourism and hospitality industry in Massachusetts is worth many billions of dollars. The fact that Boston is the state’s most significant city is key to this reality. Boston is one of the oldest cities in the United States, and is full of fascinating tourist attractions. Consequently, the Boston tourism and hospitality industry is a strong and resilient one, and offers plenty of jobs for people living locally. Examples of tourism and hospitality employers might include hotels, restaurants, tourism marketing companies, tour companies, and others.
Along with San Francisco, Boston is one of the United States’ most significant biotechnology communities. Boston has a wide variety of biotechnology research institutions, large pharmaceutical establishments, and small start-up biotech companies. The biotech industry in Boston focusses a great deal on the development and discovery of new pharmaceutical drugs.
In October, 2016, the most significant job growth in the Boston area took place in the health services and education industries. At total of about 11,100 jobs were successfully added in these areas over one year. The industry with the second largest job growth from October 2015 to October 2016 was leisure and hospitality services, as its numbers increased by 9,700 jobs. In the same period, the financial industry added 2,000 jobs.
In November 2016, it was found that the state of Massachusetts as a whole created about 71,400 jobs (net) over the preceding year. This meant that the state held the rank of number 15 in job growth percentage out of all states in the country. You will be pleased to know that in October, 2016, Massachusetts’ official unemployment rate was only 3.3%.
As touched upon earlier, one of Boston’s top health and social assistance employers is Massachusetts General Hospital. In fact, Massachusetts General Hospital ranks as number one in employers in the health and social assistance sector. In 2013, it had 14,752 employees. Located in the center of the city of Boston, this hospital is considered one of the best in the entire country. It is a Harvard University teaching hospital, and a great number of medical school faculty are staff physicians at the hospital. In 2012 and 2015, U.S. News & World Report ranked Massachusetts General hospital as the United States’ #1 hospital. Massachusetts General Hospital is very strong in both patient care and research, and makes consistent contributions to the larger community in a number of different ways.
The second largest health and social assistance sector employer in Boston is Bringham and Women’s hospital, with 11,229 employees in 2013. This hospital is highly respected throughout the world, and, like Massachusetts General Hospital, is a Harvard Medical School teaching hospital. Bringham and Women’s Hospital has more than 1,200 physicians, and has a large number of outpatient practices. The hospital attracts patients from all over the world, and is strong in a great many different areas of medicine including, for example, rheumatology, neurosurgery, heart surgery, gynecology, neurology, heart surgery, cancer, gynecology, orthopedics, and others.
The largest Boston employer in the financial services industry is the State Street Bank & Trust Company. It had 7,800 employees in 2013. State Street Bank & Trust focusses on investments and asset management, and holds responsibility for as much as 11% of the assets in the world. The company’s website lists numerous corporate values, including business excellence, corporate citizenship, corporate responsibility, and environmental sustainability.
Boston University is the largest employer in Boston in the education sector, and had 9,783 employees in 2013. This university has more than 33,000 undergraduate and graduate students, and attracts people from all over the world with its excellent reputation. Boston University is an especially excellent employer, with good benefits packages and other perks.
With over 5,000 employees, Harvard University Graduate Schools comprise the second largest Boston employer in the education sector. There are very few people in the world who have not heard of Harvard and its outstanding reputation for academics, teaching, and research. A position at Harvard Graduate Schools is a highly prized object for many people working in academia and administration, as well as other areas.
The Federal Reserve Bank of Boston is another large Boston employer. This bank is a component of the central bank of the United States. The Federal Reserve Bank of Boston is involved in payments and financial services, and carries out economic research. This institution also engages in the creation of monetary policy, and oversees specific other financial institutions. The Federal Reserve Bank of Boston plays a conscious role in aiding community development.
The Cost of Living in Boston
While Boston is an exciting and fascinating place to live, it also tends to be quite expensive overall. According to Boston Magazine, the cost of living in this city is 39.7% higher than the average in the rest of the United States. Groceries and healthcare cost 26% more in Boston than they do on average in the rest of the country, and house prices are formidable at the moment. Rents also tend to be expensive compared to what you might expect elsewhere. The average for a one-bedroom Boston apartment is as much as $1,979, and rent can be significantly higher than this in certain areas.
Boston is a dynamic, vibrant city that offers a great deal to see and do. It really offers something for everyone. If you enjoy exploring museums, this is certainly a great city for you. The Museum of Science is one great Boston museum. With a vast number of truly fascinating exhibits, you will have plenty to see and think about. While there make sure to go to the Mugar Omni Theater and the Charles Hayden Planetarium.
Another excellent museum is The Museum for Fine Arts. This is a world-class oasis for all art enthusiasts, as well as anyone who wants to discover and learn more about this form of creativity and expression. The Museum of Fine Arts is known all over the world, and houses many great masterpieces.
Connected to the famous Harvard University, Harvard Museum has an impressive array of exhibits that will educate and inspire you. This museum is especially strong in its dinosaur, rare minerals, and meteorites exhibits. Another spot is the John F. Kennedy Presidential Library and Museum. This is a museum devoted to the life of John F. Kennedy. It has various multimedia exhibits, and the building offers wonderful views.
If you like live music, Boston is a great place for you. You will find lots of enjoy, regardless of your favorite genres. If you like classical music, you will be glad to learn that the Boston Symphony Orchestra and Boston Philharmonic Orchestra are world-renowned. You will have the chance to see live theater at places such as the American Repertory Theater, Berklee Performance Center, Boch Center, Commonwealth Shakespeare Company, and Huntington Theater Company. If you like, you can enjoy dance performances at spots including the Boston Ballet. The city has an excellent nightlife, and offers a large number of fun clubs, bars, and pubs. Boston also provides outstanding shopping, with a wide variety of boutiques, malls, and outlet centers for your convenience and enjoyment.
If you enjoy participating in sports and other similar leisure activities, you should know that Boston offers sport and recreational activities including, for example, skating, golfing, kayaking, bowling, canoeing, fishing, sailing, skiing, swimming, bicycling/biking, and even whale watching. There are often lots of opportunities to see professional sports games and matches in this city. Boston is home to famous teams such as the Boston Red Sox, Boston Bruins, Boston Celtics, New England Patriots, and others. TD Garden is one of the arenas and stadiums where you will have the chance to attend games and cheer on your favorite team.
You will find that there are numerous things you can do entirely for free in Boston, too. The city has several different free trails and tours for you to enjoy. Examples include the free guided tours provided each weekend of For Independence on Castle Island, the Black Heritage Trail, the Symphony Hall Tour, the Freedom Trail, and the Sam Adams Brewery Tour. You might be pleasantly surprised to hear that free movies are shown at various locations at different times of the year. These places include Free Flicks at the Hatch Shell, Christopher Columbus Park, Prudential Center, and Rose Kennedy Greenway. If like most of us you love to eat and try a variety of different foods and cuisines, you will be pleased with the huge variety of restaurants offered in this city.
Boston is a Great Place to Be
While like most large cities Boston does have a few drawbacks with regard to cost of living and a few other factors, its vibrancy and opportunities make it a wonderful place to live and work.