Key Facts About Big Business in the Big Apple

Posted on : April 19, 2019 By
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New York is the go-to city for all those that want to take in the best of the United States. Whether on business or leisure, travellers to New York will be spoilt by what it has to offer for its many visitors.

When it comes to business, New York really lights up. With the New York Stock Exchange being one of the key components to the global economy, and many of the big financial names having their Headquarters here, this is THE city where business gets done.

But before you pack your bags for NYC, be sure to get your accommodation sorted. Your living space can guarantee a leisurely and tranquil surrounding that will add that extra bit of comfort to any stay. Book your fully furnished NYC apartment through thesqua.re, a global marketplace of serviced apartments, to enjoy the very best of the Big Apple in a bespoke living space. Whatever you’re looking for, their New York corporate housing options are just perfect to get your business strategy together and to chill after a long day.

Now, here’s some key facts about big business in the big apple that that you need to know before you take your next corporate trip to New York:

Facts you didn’t know about the NY Stock Exchange

The New York Stock Exchange has a prominent role in the city as well as the world. You’ve seen it on the big screen in movies like Wall Street, Trading Places and even Dark Knight Rises, but you may not know its importance. Major financial events happen here and if their inception is within the premises then you can bet that it will take hold across the world; just like the Wall Street Crash in 1929.

But there’s a few facts that we bet you didn’t know about the New York Stock Exchange. Here they are below:

  • The New York Stock Exchange was founded on May 17, 1792
  • The largest stock exchange in the world by market capitalisation is the New York Stock Exchange
  • The average daily trading value in the Stock Exchange is approximately $169 billion.

New York’s Largest Companies

Every major city has top employers and the big cats that always make a big buck. Doesn’t matter whether it’s Google, Deutsche Bank or Airbnb, a local economy always has to start somewhere. In New York’s case, the companies are some of the biggest players in finance and commerce. As such, it is of no surprise that they top the list. If you don’t recognise them, then where have you been.

The top 5 largest companies in New York are:

  • IBM
  • PepsiCo
  • JPMorgan Chase & Co
  • Citi.

Professions with the Highest Salaries in New York

As always, there are professions that pay high and those that need to pay more. In the huge economy that is NYC, there are of course big winners. It’s always best to know what profession pays what, especially if the price tag is what motivates your chosen profession. Who knows, you may want to move if NYC pays more than your current location. Some of the highest paying careers may not surprise you. A few are kind-of obvious. However, there are a few that may raise a few eyebrows.

Without further delay, here are some of the highest paying careers in New York:

  • Anesthesiologists
  • Chief Executives
  • Surgeons
  • Orthodontists
  • Financial Managers
  • Promotions Managers
  • Sales Managers.

Fastest growing careers in New York

The world changes every day. With new technologies coming into fruition perpetually, new careers are generated. But professions that were once maybe deemed unimportant can surge out of the ashes due to technological developments or change in circumstance and popularity.

At the time of writing, these are considered to be the fastest growing careers in New York:

  • Gaming Cashiers
  • Statisticians
  • Home Health Aiders
  • Writers
  • Web Developers
  • Interpreters/Translators.

A few more business facts you should know

Rather than just leave it there, it’s best to end with a few extra facts about business and enterprise in the Big Apple. A couple of miscellaneous snippets will add that little bit of flavour to the mix.

A few more interesting facts about business in New York are:

  • NY has the largest number of Fortune 500 companies in the US; approximately 42!
  • JPMorgan Chase & Co is the biggest employer in NY, with 249,257 employees
  • The average salary in New York State ranges from approx. $11.67 per hour to $46.44 per hour.
News Reporter