Veteran unemployment has reached a new low in 2019, according to a George W. Bush Institute report. This is largely the result of corporate recruiters having realized that today’s veterans offer a unique blend of abilities and experience to the civilian workforce. Their hard-to-teach skills include loyalty, dedication, self-motivation, sustained ability to perform under pressure and a strong teamwork ethic. Buffalo, NY is one city in the nation where companies looking to hire veterans are benefiting from these qualities in their candidates.
As the second largest city in New York state, Buffalo is a gateway for commerce located on the Canada-U.S. border. Situated on the shore of Lake Erie, it is well-known for it’s extensive system of parks and significant architectural works. With a strong music and arts scene, Buffalo also hosts annual festivals including Taste of Buffalo and Allentown Art Festival, as well as two professional sports teams, the Buffalo Bills and the Buffalo Sabres.
Buffalo was well known long before it became famous for its spicy wings. Once home to more millionaires per capita than any other city in the United States, the Western New York community became a booming center for trade and manufacturing with the opening of the Erie Canal in 1825.
The City of Buffalo has experienced an economic boom in recent years, with an increase in property values and rents making it one of the top 10 cities with the fastest-growing rents in the nation. The real estate and construction booms are the result of great tax breaks offered to developers and a $1 billion state stimulus spending package.
Top industries in Buffalo as of April 2019 are:
The median household income in Buffalo, NY is $32,883 a year. Men in the city have an average income 1.3 times higher than the average income of women, which is $58,738. The income inequality of Buffalo, NY (measured using the Gini index) is 0.503, which is higher than the national average.
With financial services including insurance and real estate topping the list of industries in Buffalo, there are multiple opportunities for companies in these arenas to hire veterans. Insurance sales positions are a popular option for veterans who don’t have specific skills. As a real estate agent, a veteran typically works under the umbrella of a supervising broker, who is licensed to oversee real estate purchase and sales transactions.
Other jobs for veterans that can be found in the financial services sector in Buffalo include becoming a personal financial planner, a financial advisor or an investor relations specialist. Veterans with a background in accounting during the school years can undergo training to equip them for careers in banking, purchasing, logistics or any level of company financial management.
According to Zip Recruiter, financial analyst positions in Buffalo pay an average of $63,850 per year, depending on experience and position seniority. Financial jobs are available at all levels, however, although there is fairly steep competition for the positions.
Companies in Buffalo that are hiring veterans in financial management or other fields of operation are invited to make use of our online job board to advertise positions.
Click here for more information and special offers for advertising your jobs for veterans.