See Where Worcester Ranks for STEM Professionals

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Thursday, January 12, 2017

GoLocalWorcester Business Team

Worcester is ranked 55th out of 100 ranked metro areas in the US for STEM professionals, according to a recent study done by WalletHub. 

“According to estimates from the Bureau of Labor Statistics, STEM — science, technology, engineering and math — professions will expand 1.7 times faster than non-STEM occupations between 2010 and 2020. That should be welcome news to job seekers with skills in these areas, half of which do not even require a four-year college degree,” said WalletHub. 

Worcester is ranked 71st for professional opportunities and 417th for STEM-Friendly environment. 

The Rankings 

Worcester ranks 55th behind Nashville-Davidson--Murfreesboro--Franklin, Tennessee, and New Haven-Milford, Connecticut who rank 53rd and 54th respectively. Worcester ranks ahead of Charleston-North Charleston, South Carolina and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD who rank 56th and 57th respectively. 

The Seattle-Tacoma-Bellevue, Washington area is ranked as the best pace for Stem jobs professionals, while Jackson, Mississippi is ranked as the worst area for STEM jobs. 

See the rankings in the map below. 

The Method 

In order to determine the best job markets for STEM professionals, WalletHub’s analysts compared the 100 most populated U.S. metropolitan statistical areas (MSAs) — metro area, for short — across two key dimensions, namely “Professional Opportunities” and “STEM-Friendly Environment.”

They evaluated those dimensions using 17 key metrics. Each metric was graded on a 100-point scale, with 100 representing the most favorable conditions for STEM professionals. 

WalletHub then calculated the overall score for each metro area based on its weighted average across all metrics and used the resulting scores to rank the metro areas.

Professional Opportunities – Total Points: 70

• Job Openings for STEM Graduates per Capita: Double Weight (~13.33 Points)
• Share of Workforce in STEM: Double Weight (~13.33 Points)
• Projected Demand for STEM Jobs by 2020*: Half Weight (~3.33 Points)
• STEM-Employment Growth: Double Weight (~13.33 Points)
• Unemployment Rate for Residents with at Least a Bachelor’s Degree: Full Weight (~6.67 Points)
• Research & Development (R&D) Spending*: Half Weight (~3.33 Points)
• Research & Development (R&D) Intensity*: Half Weight (~3.33 Points)
• Utility Patents*: Half Weight (~3.33 Points)
• Annual Median Wage for STEM Workers: Full Weight (~6.67 Points)
• Annual Median Wage Growth for STEM Workers (2013-2015): Half Weight (~3.33 Points)

 

STEM-Friendly Environment – Total Points: 30

• Mathematics Performance*: Full Weight (~5.00 Points)
• Share of Best Engineering Schools: Full Weight (~5.00 Points)
• Quality of Engineering Universities: Full Weight (~5.00 Points)
• Housing Affordability: Full Weight (~5.00 Points)
• Transit Accessibility of Workplace: Full Weight (~5.00 Points)
• Recreation-Friendliness: Half Weight (~2.50 Points)
• Family-Friendliness: Half Weight (~2.50 Points)

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Related Slideshow: 10 MA State Education Rankings

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