Job Market in Madison

Madison, WI, is experiencing a dynamic job market in 2024, characterized by robust economic growth and a diverse range of employment opportunities. The city's economy is bolstered by key industries such as technology, healthcare, and education, which are integral to its economic vitality. Recent infrastructure developments and a focus on sustainability have further enhanced Madison's appeal as a hub for innovation and job creation. With a strong emphasis on research and development, Madison is poised for continued job growth, particularly in sectors like biotechnology and information technology.

Top Industries in Madison

Madison is home to a range of industries that are key drivers of the city's economy. Some of the top industries in Madison include:

Technology
Madison's technology sector is thriving, with a significant number of startups and established companies driving innovation. The industry is supported by a strong network of tech incubators and accelerators.
Range: $70-$150k
Growth rate: 15%
Some job openings:
Epic Systems is hiring: Software Engineer, Data Analyst
Zendesk is hiring: Product Manager, UX Designer
Healthcare
Healthcare remains a cornerstone of Madison's economy, with numerous hospitals and research institutions providing a wealth of job opportunities. The sector is experiencing growth due to an aging population and advancements in medical technology.
Range: $60-$120k
Growth rate: 12%
Some job openings:
UW Health is hiring: Registered Nurse, Medical Researcher
Meriter Hospital is hiring: Physician Assistant, Healthcare Administrator
Education
Education is a vital sector in Madison, driven by the presence of the University of Wisconsin-Madison and other educational institutions. The industry offers a range of roles from academic positions to administrative support.
Range: $50-$100k
Growth rate: 8%
Some job openings:
University of Wisconsin-Madison is hiring: Professor, Academic Advisor
Madison College is hiring: Instructor, Admissions Counselor
Biotechnology
Biotechnology is an emerging industry in Madison, supported by cutting-edge research and development. The city is home to several biotech firms focusing on pharmaceuticals and genetic research.
Range: $80-$160k
Growth rate: 18%
Some job openings:
Promega Corporation is hiring: Biochemist, Lab Technician
Exact Sciences is hiring: Clinical Research Associate, Regulatory Affairs Specialist
Finance
The finance sector in Madison is growing, with opportunities in banking, investment, and financial services. The industry benefits from the city's stable economic environment and educated workforce.
Range: $65-$130k
Growth rate: 10%
Some job openings:
American Family Insurance is hiring: Financial Analyst, Insurance Underwriter
CUNA Mutual Group is hiring: Risk Manager, Investment Advisor

Employment Trends and Growth Rates

Madison is witnessing a positive employment trend with a steady job growth rate across various sectors. The technology and biotechnology industries are particularly strong, contributing significantly to the city's economic expansion. While the Gini index indicates income inequality, Madison's diverse job market offers opportunities across different income levels. There is a noticeable increase in job turnover, especially in tech roles, as companies compete for top talent.

Job Market for Remote and Freelance Workers in Madison

Remote work is becoming increasingly prevalent in Madison, with approximately 35% of the workforce engaged in remote roles. The tech industry leads in offering remote positions, followed by marketing and design sectors. Local companies like Epic Systems and Zendesk are expanding their remote work options, reflecting a national trend towards flexible work arrangements.

Job Resources and Networking

Madison offers a variety of job resources, including local job boards and career fairs. Notable local platforms include MadisonJobs.com and WisconsinJobNetwork.com. The city hosts several networking events and career development workshops, providing valuable opportunities for job seekers. Entrepreneurial hubs like StartingBlock Madison support tech startups and innovation.

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Property Prices Rankings

Madison ranks 39th on the Property Prices rankings in United States. The Property Prices Rankings for the United States evaluate affordability and investment potential using indices like the Price to Income Ratio, Mortgage as a Percentage of Income, Loan Affordability, Price to Rent Ratio, and Gross Rental Yield.

Highest to LowestUpdated: Dec, 2024
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Madison Job Market

"Key Takeaways"

Tech industry has grown by 15% in Madison, with demand for software engineers.

Remote work is increasing, with many companies now offering remote opportunities.

Top employers like Epic Systems and UW Health are hiring for various roles.

MadisonJobs.com is a great local job board for opportunities.

Tips for Job Seekers in Madison

Job seekers in Madison should tailor their resumes to highlight relevant skills and experiences for specific industries.

A bachelor's degree significantly enhances employment prospects, particularly in tech and healthcare sectors.

Utilizing local resources such as career development centers and resume workshops can improve job search outcomes.

Madison

Nearby Cities

Rockford, IL57 miles
Waukesha, WI58 miles
Milwaukee, WI75 miles
Kenosha, WI86 miles
All cities in Wisconsin