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Almost Half Of NYC Tech Jobs Don't Require A Bachelor's Degree
By
Marc Yearsley
Published Apr 2, 2014
Modified Apr 2, 2014
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Growth and Employment Chart / HR&A Advisors
By
Marc Yearsley
Published Apr 2, 2014
Modified Apr 2, 2014
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A new report on the booming technology sector in New York City has found that nearly half the number of NYC tech jobs do not require a Bachelor's degree.
The report, commissioned by the Association for a Better New York (ABNY), Citi, Google, and the NY Tech Meetup (NYTM), has discovered just how big the "technology ecosystem" has become, and how little a B.A. matters. From the HR&A Advisors report: 44% of the city's 291,000 tech jobs, salaried at a median hourly wage of $39.50 (49% above the NYC average), do not require a Bachelor's degree.
Nearly 7% of the entire NYC workforce is employed directly in the tech sector, accounting for 12.3% of the tax revenue to the city at $5.6 billion dollars, and also generating another quarter million in indirect tech sector jobs.
"The spectrum of tech-related occupations—from programmers to sales reps—is creating well-paying and quality jobs for New Yorkers at all levels of educational attainment," Kate Wittels, the author of the study, told the Wall Street Journal. "Fostering the growth of the New York tech ecosystem will increase economic opportunities for all New Yorkers."
Andrew Rasiej, the chairman of NY Tech Meetup, told the New York Times "that he and other entrepreneurs and tech executives in the city hoped the administration of Mayor Bill de Blasio would create more continuing education and job-training programs to prepare New Yorkers for the sort of jobs the industry is creating," in addition to expanding low cost access to high-speed internet.
Alicia Glen, the deputy mayor for housing and economic development, is expected to speak about the report on Wednesday. It can be read in full here.
Tagged
capitalism
jobs
nyc
tech sector
technology
Marc Yearsley
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