As desirable it is to secure a job in San Francisco, the job market is just as competitive here. It is a budding site for tech start-ups and home to a wide range of essential industries in science and technology, IT, and business and finance, making it one of the country's most economical powerhouses.
Even amidst the global pandemic situation where 42.6 million people filed for unemployment benefits, a labor report suggested that the Bay Area contributed to 30% of the employment gains in the U.S in August 2020.
Apart from technology, the booming rise in online shopping, remote working, social media management, and digital streaming has further added to the list of available full-time, part-time and contract jobs in the area. With the kind of new opportunities presented in San Francisco every day, it is not shocking that it has become one of the top destinations for budding entrepreneurs and professionals.
The San Francisco Bay Area is also home to some of the most driven and influential companies, including Uber, Lyft, Visa, Airbnb, Twitter, Splunk, Levi Strauss, and so many more. The list is expanding every day, providing more job opportunities for fresh graduates and experienced professionals.
According to a report in the U.S Census Bureau, the average annual income in San Francisco for households is around $96,000, while it is $74,000 for individuals. The numbers are increasing with the growth of companies from around the area. The median income in San Francisco is a lot more than the other parts of the U.S, which resorts to around $54,000/year.
But, with the high median income, the cost of living is equally high. Rented apartments will claim a good chunk of your monthly salary, and buying a property can be a little too taxing. So, if you are planning on relocating to San Francisco, make sure you research the accommodation along with the mode of transit before finalizing the deal.
Given how competitive the employment market is in San Francisco because of the handsome pay and additional benefits, securing an entry-level job can be a lot harder than you can anticipate.
Thus, for bagging a full-time job in San Francisco, standing out with your resume amidst the group of other applicants is extremely important. If you are looking for a few additional tips, here's what you can do.
- Work for an advanced level degree in the domain that you are seeking a job
- Stand out with your experience, even from the get-go
- Enroll in internships before you apply to the big companies that function in the area.
- Aside from the experiences in your domain of work, try and gain unique experiences that upscale your existing skill set
For landing high-paying jobs in San Francisco, the aspirants need to take advantage of every single opportunity that you cross paths with. It is necessary to cut through the noise and stand out.