Since the early days of the California Gold Rush, San Francisco has been an important financial center on the West Coast. Expats who consider working in San Francisco’s financial sector will benefit from the city’s location, halfway between Tokyo and London.
The city’s harbor has let San Francisco thrive on trade and shipping ever since its founding. Today, however, it is more of a niche player compared to the neighboring and considerably busier Port of Oakland. Still, San Francisco is home to some of the country’s largest banks, such as Wells Fargo and Bank of America. This metropolis is a center of world commerce and the place to be for expatriates in search of jobs with good salaries.
Expats dreaming of working in San Francisco will be happy to learn that the surrounding Bay Area is considered the birth place of new media. More than 300 digital media companies operate out of the area, including YouTube, Twitter, and Pixar. Without a doubt, working in San Francisco is the dream for many hoping to make it big in the tech sector.
The high-tech development that started in the mid-1900s is still under way. The nearby Silicon Valley and Stanford University have played major parts in the tech boom, and they spearhead the industry even today. Engineers and other specialists working in San Francisco’s numerous high-tech companies produce computers, semiconductors, and a lot of other electronic equipment.
Expats considering working in San Francisco’s life sciences and biotech sector will also feel right at home. After all, this city is a driving force in terms of research and development of pharmaceutical products, medical electronics, and genetic engineering. In total, there are over 1,600 life science companies employing upwards of 164,000 people in the Bay Area.
Another prominent economic sector is the tourism industry. Since it is one of the largest industries in the entire region, many expats are quite likely to find work in this sector. After all, in 2015 tourism supported more than 76,500 jobs and generated around 9.3 billion USD in spending.
The Financial District, located in San Francisco’s northeast, is distinctly marked by clusters of high-rise buildings and towers. Here, you will find San Francisco’s tallest buildings, including the Transamerica Pyramid.
Moreover, expats intent on working in San Francisco’s business services sector have a good chance of winding up in the Financial District, as it is home to San Francisco’s largest concentration of corporate headquarters, law firms, banks, and other financial institutions. Montgomery Street forms the traditional heart of this area and is often referred to as "the Wall Street of the West."
Several consulates are located in the Financial District as well. Members of the diplomatic corps could, for example, be working in San Francisco’s Consulate General of Sweden, Japan, Ireland, Israel, or the UK, or even in the Taipei Economic and Cultural Office.
The San Francisco metropolitan area has one of the higher concentrations of new immigrants and expats in the nation. Apart from being tremendously diverse, the workforce is also very well educated, as about one in five of the city’s residents holds a graduate or professional degree. This highly qualified labor force is one of San Francisco’s most valuable resources and a magnet for businesses and international companies.
Small and medium-sized businesses abound throughout the city, and at 3.8% in August 2016, the unemployment rate is lower than in the entire state of California (5.5%) and in all of the US (4.9%).
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