4 Strong Job Sectors in Memphis
With a cost of living that is 15 percent lower than the national average and plenty of job sectors that are experiencing an increase in employment opportunities, Memphis is a city with a lot to offer.1 In fact, Memphis has been named one of the best cities in the U.S. for job seekers.2
Learn more about training and career options in Memphis by checking out the following four job sectors that are expected to generate ongoing opportunities.
Note: The projected annual job openings below are for the period between 2016 and 2026 for the entire state of Tennessee.4 The average annual earnings figures are for the Memphis metropolitan area as of May 2017.5
Memphis is home to many world-class healthcare facilities, including the St. Jude Children's Research Hospital, which is one of the top pediatric cancer facilities in the U.S. This hospital does valuable research that gets results: Since the hospital's opening over 50 years ago, overall childhood cancer survival rates have risen from 20 percent to 80 percent.3 It takes many workers to support the valuable research and treatments taking place here.
And throughout Tennessee, healthcare opportunities are expected to be strong, with the state's many hospitals, nursing homes, and residential care facilities all projected to hire more workers. For example, the healthcare support sector in Tennessee is expected to add 21,235 workers from 2016 to 2026. That means there will be a 27-percent increase in workers over just 10 years.4
So, what kind of careers will be in demand? Have a look at the following examples:
- Patient care technicians—4,490 annual openings (for nursing aides, orderlies, and attendants) / $26,700 yearly (for nursing assistants)
- Registered nurses—4,315 annual openings / $65,560 yearly
- Medical assistants—2,193 annual openings / $31,610 yearly
- Pharmacy technicians—1,174 annual openings / $36,630 yearly
- Respiratory therapists—297 annual openings / $41,000 yearly
2. Tourism and Hospitality
More than eleven million tourists visit Memphis every year.6 What draws them there? Music history is a big part of the appeal. Elvis Presley, B.B. King, and Aretha Franklin are just three examples of famous musicians with Memphis roots. The iconic Beale Street, often dubbed the "birthplace of the blues," continues to host some outstanding live music. And, of course, over 600,000 Elvis fans make a pilgrimage to Graceland every year.7 It all adds up to a $3.3-billion-a-year tourist industry, with the number of visitors expected to continue rising.8
As more people travel to Memphis, more job opportunities in tourism and hospitality will be created. After all, those people will likely eat in restaurants, visit recreation facilities and hotels, and go on tours. Take a look at these example careers:
- Restaurant cooks—3,518 annual openings / $22,560 yearly
- Housekeeping and janitorial supervisors—703 annual openings / $37,400 yearly
- Chefs and head cooks—528 annual openings / $38,720 yearly
- Meeting, convention, and event planners—229 annual openings / $42,910 yearly
- Hotel and lodging managers—168 annual openings / $59,430 yearly
3. Business Administration
Memphis has a solid business sector, with three Fortune 500 companies headquartered in the city. Plus, Memphis's central location is great for a large distribution network, so it's not surprising that one of those Fortune 500 companies is FedEx. The city is also a hub for air transport. In fact, the Memphis airport is the top cargo airport in the U.S.9
With an education in business administration, you can contribute to the success of that active distribution network. In addition, many other types of companies in Memphis need people to do things like balance the books, help executives stay organized, and lead marketing campaigns.
Check out these examples of business-related occupations:
- Bookkeeping and accounting clerks—4,026 annual openings / $39,010 yearly
- Human resources specialists—1,259 annual openings / $58,360 yearly
- Marketing specialists—1,101 annual openings / $63,520 yearly
- Executive administrative assistants—882 annual openings / $51,510 yearly
- Logisticians—307 annual openings / $72,890 yearly
Leaders in this industry say that there is a shortage of skilled workers to fill open positions in Memphis.10 That means a lot of opportunities exist for people with the right training. In addition, Memphis's affordability makes it a great city for technology start-ups, which is good for tech professionals who want to work for themselves. In fact, on a 2016 list of cities with the lowest start-up costs, Memphis was ranked as the seventh cheapest city in the U.S. to launch a tech company.11
What do tech careers in Memphis have to offer you? Check out these options:
- Computer user support specialists—1,162 annual openings / $49,600 yearly
- Network and computer systems administrators—456 annual openings / $76,940 yearly
- Telecommunications equipment installers and repairers—227 annual openings / $50,160 yearly
- Web developers—214 annual openings / $69,880 yearly
- Electrical and electronics drafters—46 annual openings /$56,550 yearly
Get Started Today
It's time to start creating the life you envision for yourself. So find training opportunities at Memphis, Tennessee trade schools and colleges right now. Just enter your zip code into the search tool below to find a school that can help you reach your career goals!
1 Indeed, "Report: What is the Best City for Job Seekers?," website last visited on August 22, 2018.
2 Greater Memphis Chamber, website last visited on August 22, 2018.
3 St. Jude Children's Research Hospital, "Quick Facts & Figures," website last visited on August 22, 2018.
4 Tennessee Department of Labor & Workforce Development, website last visited on August 23, 2018.
5 Bureau of Labor Statistics, U.S. Department of Labor, "May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates: Memphis, TN-MS-AR," website last visited on August 22, 2018.
6 Memphis Tourism, "Tourism Economic Impact," website last visited on August 22, 2018.
7 The National, "Amazing Graceland wows fans," website last visited on August 23, 2018.
8 Commercial Appeal, "Haslam touts record visitor spend in Memphis, $3.3 billion, and Tennessee, $19.3 billion", website last visited on August 22, 2018.
9 Airports Council International - North America, "Airport Traffic Reports," website last visited on August 23, 2018.
10 The Memphis Economy, "The Memphis IT Skill Shortage and Its Impact on Local Mid-Sized Firms," website last visited on August 22, 2018.
11 SmartAsset, "The Cities with the Lowest Startup Costs - 2016 Edition," website last visited on August 22, 2018.