Everything is bigger in Texas, including the booming economy. In March of 2023, the Bureau of Economic Analysis‘s figures showed Texas leading the United States with the fastest economic expansion in the fourth quarter of 2022. GDP estimates for the full year of 2022 show the Texas economy grew to $2.36 trillion — up from $2.1 trillion in 2021 —representing a growth rate of 14.8%, faster than the nation as a whole.
Texas is home to 3 million small businesses employing 4.9 million people, according to Business News Daily. “Texas is very much a can-do state,” said Trey Bowles, founder and CEO of The Dallas Entrepreneur Center. “It’s arguable that it’s the No. 1 state to do business in, and we would argue it’s the No. 1 state to start a business in right now.”
Texas’ remarkable economic growth story is decades in the making. According to Texas.gov, “As the 9th largest economy among the nations of the world, Texas offers a combination of unique competitive business advantages that no other state can claim: a business-friendly climate — with no corporate or personal income tax — along with a highly skilled and diverse workforce, easy access to global markets, robust infrastructure and a reasonable regulatory environment.”
Texas’ Prosperity Is Your Opportunity
A continuing influx of Fortune 500 corporations, a strong regulatory environment and a low tax burden drive Texas’ economy. These factors represent opportunities for aspiring business leaders who intend to build their futures in the state.
According to Joblist, technology jobs are growing, led by cloud computing, research, engineering and information systems. The “supersector” cross-section of the trade, transportation and utility sectors are a leading employer, as are business services, education, health, leisure and hospitality, manufacturing, financial services, construction and energy, according to Investopedia.
Four major metropolitan areas each offer many of the state’s best opportunities. According to Joblist, nearly every sector in Dallas-Fort Worth (DFW) has seen explosive growth, led by defense, technology, oil and gas, finance, manufacturing, aerospace and aviation. Large employers include Toyota, Amazon, State Farm Insurance, Raytheon, Bank of America and Jacobs Engineering.
Austin is referred to as “Silicon Hills” due to the technology employers based there, including Apple, Google, Facebook, Samsung, Cisco and Intel. The city also has thriving education, manufacturing and healthcare sectors, and government is also a major employer.
Houston hosts over 25 Fortune 500 companies in industries including oil and gas, healthcare, banking, engineering and customer services. Major employers include ConocoPhillips, Waste Management, Sysco and Enterprise Product Partners.
Known as “Military City USA,” San Antonio is home to the United Services Automobile Association (USAA), as well as headquarters and major employment centers for Accenture, H-E-B, Wells Fargo, Frost Bank, JPMorgan Chase, Valero and Visionworks.
Texas A&M International University Offers the Online Programs You Need to Succeed
The Texas A&M International University (TAMIU) A.R. Sanchez, Jr. School of Business offers seven online business programs to prepare you for leadership and high-paying specialist roles in the most in-demand fields driving Texas’ economy. These top-rated, accelerated programs offer affordable in-state tuition to meet the state’s high employment demands.
The Master of Business Administration (MBA) in Management online grants the knowledge base and decision-making tools to advance your career into management roles across business sectors. Graduates bring employers vital skills in marketing, finance, management and more with a dynamic curriculum infused with international flair. This program can prepare you for high-growth jobs in Texas, including CEO, CFO, general and operations manager and project management specialist.
The MBA in International Banking and Finance online enables you to deepen your knowledge of finance and banking and apply your skills on a global scale. In this program, you will study interest rate mechanics, central banking practices, regulatory environments, international portfolio investments and international trade financing in preparation for high-growth jobs, including accountant, auditor and financial manager.
The MBA in International Business online provides a path to management roles in the international corporate realm. Graduates bring their employers expertise and skills in various facets of global business environments, international logistics, international management and more. High-growth job opportunities include market research analyst and operations manager.
The MBA in International Trade & Logistics online deepens your knowledge about overseas import and export operations and practices, as well as applications for a broad range of logistics strategies, for high-growth opportunities in these areas.
The MBA in Criminal Justice online blends a broad-based understanding of business operations to help qualify you for high-growth, lucrative private and public sector management roles and criminal justice-relevant expertise in legal issues, white-collar crime and cybercrime.
The MBA in Healthcare Administration online gives you the business knowledge to successfully navigate healthcare challenges. This program can prepare you for high-growth healthcare industry careers.
The Master of Science (M.S.) in Information Science online can prepare you for the high-growth field of information science in areas including IT, cybersecurity, cloud computing, software engineering and database administration.
Your future as a leader in the many thriving industries that drive Texas’ remarkable economy can begin in as few as 12 months with these accelerated programs. Each is developed with input from many of the state and region’s leading employers and allows you to maximize your career potential in a global epicenter of industrial growth.
Learn more about TAMIU’s online business programs.
