(USA TODAY) -- According to a recent report from Bloomberg Businessweek‘s “Top 10 Cities for New College Grads,” the Lone Star State is the ideal place to start a career.
Four Texas cities – Houston, Dallas, Austin, and Fort Worth – received spots in the top 10 cities for starting careers. The data, compiled from the U.S. Bureau of Labor Statistics, places Houston at the top of the list, Dallas at three, Austin at five and Fort Worth at 10.
Average salary, unemployment rate, cost of living, number of entry-level job postings and city life determined the ranking.
“Texas provides a wealth of jobs for young college graduates,” says Jerry Varnado, a University of Columbia School of Business student. “With major oil and energy industries to name a few, there are many job opportunities available.”
Bloomberg ranked Houston, the state’s largest city, as the top city for recent college graduates. Home to Fortune 500 businesses like Conoco Phillips (COP) and Halliburton (HAL) combined with the city’s low employment rate and cost of living, Houston appeals to young professionals.
Christian Varnado, a former full-time auditor at Deloitte & Touche LLP in Houston, says the city offered him affordability and a diverse culture.
“After receiving my accounting degree at Jackson State University, I enjoyed the warmer climate, no state income tax and the diversity,” Varnado says. “The world was at my fingertips.”
Dallas was ranked third on the Bloomberg report. Technology, defense and finance industries impact the area tremendously. Companies such as AT&T (T), Texas Instruments (TXN), Southwest Airlines (LUV) and Bank of America supply job opportunities for many recent graduates. With an average salary income over $44,640, an unemployment rate of 8.2 percent and low cost of living, recent graduates tends to flock here for job opportunities.
Arthur Lumzy, an assistant director at University of North Texas, says the university offers resources for students to find jobs in the Dallas-Fort Worth area.
“We offer free career advising, career assessments, resume reviews, interviewing coaching and access to our job database,” Lumzy says.
The Bloomberg report ranked Austin as the fifth best city for recent college graduates with an average annual salary capped at $45,180 and an unemployment rate of 7 percent.
“The Austin area is booming and many of my friends have sought jobs there after graduation,” says Kaylie Walker, a sophomore student at the University of Texas A&M. “There is always something fun taking place in the city, which allows it to serve as a hub for college graduates.”
With numerous job opportunities, an exciting nightlife and two Fortune 500 industries in Dell (DELL) and Whole Foods Market (WFMI), the city attracts the eye of many college graduates.
Fort Worth rounded off the list of Texas cities, finishing tenth. Although smaller than the other three, the city provides a plethora of jobs for college students. Fort Worth is home to major companies such TECH Fort Worth, RadioShack (RSH) and Burlington Northern Santa Fe. Starting at an average salary of $41,140 and an unemployment rate of 8.1 percent, the city offers a great start for recent graduates.
“With booming companies, great weather, young trends and a diverse culture, Texas will continue to expand,” says Adam Ryan, a graduate of the University of Missouri in work force development. “Living in Texas is not expensive but provides you with a California lifestyle.”