Episode Details
Back to Episodes
Charlotte's Rising Tech Hub: Salaries, Opportunities, and Diverse Talent
Published 9 months, 3 weeks ago
Description
The job market in Charlotte is experiencing significant growth, driven by a surge in tech job postings and a strong hiring surge in the fourth quarter of the previous year. Employers are planning to hire 10% more tech professionals than the previous year, with a particular focus on data science, fintech, AI, and cybersecurity. Key tech roles include back-end development, infrastructure, and security, with average salaries ranging from $114,000 to $152,000.
The employment landscape in Charlotte is diverse, with major industries such as banking, manufacturing, automotive, energy, health, and technology. The city is home to several Fortune 500 companies, including Bank of America, Honeywell, Duke Energy, and Wells Fargo. These companies, along with growing startups, contribute to a dynamic market with flexible work options and a vibrant community.
Statistics show a 12.1% growth in tech jobs, with nearly 30,000 tech professionals in the city. Employers are also planning to hire 7.3% more graduates than the previous year, making it an attractive market for newcomers. The STEM job market is expected to grow by 10.4% between 2023 and 2033, outpacing other occupations.
Trends indicate a strong demand for skills like JavaScript, Python, and cloud expertise. Data science is particularly booming, with companies like Lowe's and PwC actively recruiting for roles that offer salaries ranging from $84,000 to $202,000 annually. The upcoming launch of UNC Charlotte's Ph.D. program in Data Science in Fall 2025 further underscores the city's commitment to this sector.
While specific recent unemployment rates are not provided, the overall job market is robust. Major industries include finance and banking, advanced manufacturing, healthcare, and energy. Companies like Bank of America, Truist Financial, and Ally Financial dominate the finance sector, while Siemens and Caterpillar are key players in advanced manufacturing.
Recent developments highlight Charlotte's emergence as a top location for STEM professionals, with the city offering the highest median annual wage for STEM workers when adjusted for the cost of living. There are no notable seasonal patterns or commuting trends that significantly impact the job market.
Government initiatives, though not detailed, likely support the growth of key sectors through various programs and incentives. The market evolution is characterized by a shift towards more tech-oriented and STEM-focused jobs, with a strong emphasis on innovation and career growth.
Key findings include the city's attractive job market for tech and STEM professionals, high salaries, and a lower cost of living compared to other major tech hubs.
Current job openings include:
- **Data Scientist at Lowe's**: Involves working with machine learning, AI, and statistics to shape business decisions through data analysis.
- **Back-End Developer at Bank of America**: Requires expertise in JavaScript and cloud technologies to support the bank's tech operations.
- **Cybersecurity Engineer at Honeywell**: Focuses on developing and implementing security solutions for various industries.
This content was created in partnership and with the help of Artificial Intelligence AI
The employment landscape in Charlotte is diverse, with major industries such as banking, manufacturing, automotive, energy, health, and technology. The city is home to several Fortune 500 companies, including Bank of America, Honeywell, Duke Energy, and Wells Fargo. These companies, along with growing startups, contribute to a dynamic market with flexible work options and a vibrant community.
Statistics show a 12.1% growth in tech jobs, with nearly 30,000 tech professionals in the city. Employers are also planning to hire 7.3% more graduates than the previous year, making it an attractive market for newcomers. The STEM job market is expected to grow by 10.4% between 2023 and 2033, outpacing other occupations.
Trends indicate a strong demand for skills like JavaScript, Python, and cloud expertise. Data science is particularly booming, with companies like Lowe's and PwC actively recruiting for roles that offer salaries ranging from $84,000 to $202,000 annually. The upcoming launch of UNC Charlotte's Ph.D. program in Data Science in Fall 2025 further underscores the city's commitment to this sector.
While specific recent unemployment rates are not provided, the overall job market is robust. Major industries include finance and banking, advanced manufacturing, healthcare, and energy. Companies like Bank of America, Truist Financial, and Ally Financial dominate the finance sector, while Siemens and Caterpillar are key players in advanced manufacturing.
Recent developments highlight Charlotte's emergence as a top location for STEM professionals, with the city offering the highest median annual wage for STEM workers when adjusted for the cost of living. There are no notable seasonal patterns or commuting trends that significantly impact the job market.
Government initiatives, though not detailed, likely support the growth of key sectors through various programs and incentives. The market evolution is characterized by a shift towards more tech-oriented and STEM-focused jobs, with a strong emphasis on innovation and career growth.
Key findings include the city's attractive job market for tech and STEM professionals, high salaries, and a lower cost of living compared to other major tech hubs.
Current job openings include:
- **Data Scientist at Lowe's**: Involves working with machine learning, AI, and statistics to shape business decisions through data analysis.
- **Back-End Developer at Bank of America**: Requires expertise in JavaScript and cloud technologies to support the bank's tech operations.
- **Cybersecurity Engineer at Honeywell**: Focuses on developing and implementing security solutions for various industries.
This content was created in partnership and with the help of Artificial Intelligence AI