Top 15 Expat Employment Industries in the US - InvestingChannel

Top 15 Expat Employment Industries in the US

In this article, we will list and explore the top 15 expat employment industries in the US. You can skip our detailed discussion and see the top 5 Expat Employment Industries in the US.

The United States offers a wealth of opportunities for expatriates across diverse industries and occupations. Renowned for its dynamic economy and innovative spirit, the US attracts expats seeking career advancement and professional growth. The technology sector, centered in Silicon Valley but extending nationwide, entices skilled expats with its reputation for innovation and high salaries. Healthcare, another prominent sector, presents rewarding prospects for expats in fields like nursing, medicine, and allied health professions, driven by a growing demand for healthcare services.

The finance industry, centered on Wall Street but with hubs across the country, offers lucrative opportunities for expats in banking, investment management, and financial planning. The education sector, renowned for its world-class universities and colleges, welcomes expats in teaching, research, and administrative roles.

READ ALSO: 20 Best Countries to Study Abroad for English Speakers and 25 Cities with the Lowest Employment Rates in the US.

United States: Host to a Growing Population of Expats

The US Census Bureau’s Current Population Survey (CPS) tells an interesting tale about the growth of foreign-born workers in the US. The total foreign born population in the US hit a record high of 51.4 million in Feb of 2024. Interestingly, foreign-born residents now account for 15.5% of the total US population, which is also another high.

CPS also highlighted that the population of foreign born residents in the US has increased by 6.4 million. In February 2024, the US reached a record high of 51.4 million foreign-born individuals, comprising 15.5% of the total population. This marks a significant increase from previous years, with the foreign-born population more than tripling since 1970, nearly doubling since 1990, and rising by 40% since 2000. According to data released by the Bureau of Labor Statistics from 2023, there are currently 29,932,000 foreign-born workers in the US. These workers are employed in numerous industries and business units in the US economy.

However, this demographic shift also brings challenges, such as the need to ensure equitable access to opportunities for both native-born and foreign-born workers. It requires thoughtful policies that address issues like immigration reform, workforce development, and cultural integration. By utilizing the talents of both native and foreign-born individuals, the US can build a more inclusive and prosperous future for all.

Adjusting with Familiar Brands in the United States

Adapting to life in the US presents a mix of excitement and challenges for newcomers. The process involves acclimating to distinct cultural nuances and social norms. A pivotal aspect of this adjustment is familiarizing oneself with local customs, which can markedly differ from those of other nations. This encompasses understanding and embracing the American way of life, which values individualism, punctuality, and informal communication styles. Additionally, newcomers may need to understand the complexities of the US healthcare and education systems, as well as the nuances of the US job market. Building a strong support network, seeking out community groups, and being open to new experiences can all contribute to a smoother transition and a more fulfilling life in the US.

Transitioning to life in the US as an expatriate is also facilitated by familiar brands. The US offers a diverse range of industries where expats can find employment while feeling a sense of familiarity.

Technology giants like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Alphabet Inc. (NASDAQ:GOOG) provide opportunities for those with a tech background. Wall Street beckons with financial institutions such as Goldman Sachs Group, Inc. (NYSE:GS), and Citigroup Inc. (NYSE:C). Fashionistas may find a home in New York City’s fashion scene, rubbing shoulders with brands like Ralph Lauren Corporation (NYSE:RL), Calvin Klein, and Coach, Inc. (NYSE:COH). These and many other industries offer expats a chance to adjust to their new American life while working with brands they know and love.

Taking banking sector into account, Citigroup Inc. (NYSE:C) made a significant move on September 26 by announcing a $25 billion partnership with Apollo (NYSE:APO), signaling its entry into the private credit market. This deal aims to regain business from asset managers who have been increasingly courting high-value clients traditionally served by banks. As the fourth-largest US bank by assets, Citigroup Inc. (NYSE:C) plans to offer loans to private equity firms and lower-rated US companies, positioning itself strategically within the growing private credit space.

While we acknowledge the potential of C as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than C but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

With this backdrop, let’s explore the top 15 expat employment sectors in the US.

Top 15 Expat Employment Industries in the US A utility employee connecting wires at a power station in order to distribute electricity to customers.

Methodology

To compile the list of the top 15 industries for expat employment in the US, we analyzed the Bureau of Labor Statistics’ data on foreign-born workers released on May 21, 2024, which pertains to the year 2023. From this dataset, we selected the industries with the highest percentage of expat workers. The prevalence of expatriate workers in these industries indicates their popularity and favorability among foreign-born individuals working in the US.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Top 15 Expat Employment Industries in the US

15. Installation/Maintenance/Repair Occupations

Expat Employee Percentage: 2.9%

This industry involves maintaining and repairing machinery, equipment, and systems. Roles include HVAC technicians, automotive service technicians, and general maintenance workers. Key components include technical expertise, troubleshooting skills, and the ability to follow safety protocols. Barriers to entry for foreign-born workers often involve obtaining relevant certifications or licenses, which may require passing exams and additional training within the US

14. Personal Care & Service Occupations

Expat Employee Percentage: 3%

Personal care and service occupations include roles such as personal care aides, fitness trainers, and childcare workers. These positions often involve providing individualized assistance and care to clients. Key components are interpersonal skills and a customer service orientation. Barriers to entry can include certification requirements, background checks, and language proficiency, which vary by state and can complicate the hiring process for foreign-born workers.

13. Education Sector

Expat Employee Percentage: 3.7%

This industry covers roles such as teachers, trainers, and librarians who are responsible for educating and providing resources to the public. Key components include strong communication skills, subject matter expertise, and often advanced degrees. Barriers to entry for foreign-born workers can include state-specific certification requirements, background checks, and the need for proficiency in English.

12. Healthcare Support Occupations

Expat Employee Percentage: 4.1%

Healthcare support occupations include nursing assistants, medical aides, and dental assistants, providing essential support to healthcare practitioners. Key components are compassion, attention to detail, and the ability to perform clinical tasks. Barriers to entry for foreign-born workers include certification requirements, language proficiency, and navigating the US healthcare system.

11. Business & Financials

Expat Employee Percentage: 4.4%

This sector covers accounting, finance, and human resources roles. Key components include analytical skills, proficiency with financial software, and business acumen. Barriers to entry for foreign-born workers can include obtaining relevant certifications (such as CPA for accountants), understanding US business practices, and often advanced degrees or specific training.

10. Technical Medical Occupations

Expat Employee Percentage: 5.4%

This field includes doctors, nurses, and medical technologists who provide direct patient care and perform diagnostic tests. These roles require advanced education and clinical training. Key components include medical knowledge, technical skills, and the ability to work under pressure. Barriers to entry for foreign-born workers include passing US medical licensing exams, completing residency programs, and obtaining board certifications.

9. Computer & Mathematical Occupations

Expat Employee Percentage: 5.8%

This industry involves roles such as software developers, data scientists, and network administrators. These positions require strong technical skills, proficiency in programming languages, and analytical thinking. Barriers to entry for foreign-born workers can include obtaining relevant degrees or certifications, navigating work visa requirements, and staying current with rapidly evolving technology trends.

8. Sales & Related Occupations

Expat Employee Percentage: 6.5%

Sales and related occupations encompass roles such as sales representatives, real estate agents, and retail salespersons. Key components include strong communication skills, customer service orientation, and the ability to meet sales targets. Barriers to entry for foreign-born workers may include language proficiency, understanding local market dynamics, and, in some cases, obtaining relevant licenses (e.g., real estate licenses).

7. Production Occupations

Expat Employee Percentage: 6.6%

Production occupations involve the manufacturing and assembly of goods, including roles such as machinists, assemblers, and quality control inspectors. These positions often require technical skills, attention to detail, and the ability to work in a fast-paced environment. Barriers to entry for foreign-born workers can include obtaining necessary certifications, language barriers, and adapting to specific manufacturing processes used in the US.

6. Office & Administrative Support

Expat Employee Percentage: 6.6%

This industry includes roles such as administrative assistants, clerks, and office managers, who handle various administrative tasks to ensure the smooth operation of offices. Key components are organizational skills, proficiency in office software, and strong communication abilities. Barriers to entry for foreign-born workers can include language proficiency and understanding of US office practices.

5. Food Related Occupations

Expat Employee Percentage: 6.6%

This industry covers roles like chefs, cooks, and food service workers, who prepare and serve food in restaurants and other establishments. Key components include culinary skills, customer service, and the ability to work in a fast-paced environment. Barriers to entry for foreign-born workers are relatively low, though language proficiency and familiarity with US food safety standards are important.

4. Building/Cleaning/Maintenance Occupations

Expat Employee Percentage: 7.4%

This sector involves maintaining the cleanliness and operational status of buildings and grounds, with roles like janitors, landscapers, and maintenance workers. Key components include physical stamina, attention to detail, and basic mechanical skills. Barriers to entry for foreign-born workers are generally lower compared to other industries, though language proficiency and familiarity with US safety standards can be important.

3. Transportation Occupations

Expat Employee Percentage: 8.6%

This industry includes roles such as truck drivers, delivery personnel, and warehouse workers, who are responsible for the movement of goods and materials. Key components include physical stamina, ability to operate machinery, and adherence to safety protocols. Barriers to entry for foreign-born workers can include obtaining the necessary licenses (e.g., commercial driver’s license) and understanding US transportation regulations.

2. Construction & Extraction Occupations

Expat Employee Percentage: 9.7%

This field covers roles such as construction laborers, electricians, and miners, involved in building structures and extracting natural resources. Key components include physical stamina, technical skills, and the ability to work in various environments. Barriers to entry for foreign-born workers can include certification and licensing requirements, language proficiency, and understanding of US safety standards.

1. Management Occupations

BLS percentage of expat employees: 10.0%

Management occupations encompass roles such as general managers, operations managers, and project managers, responsible for planning, directing, and overseeing business operations. Key components include leadership skills, strategic thinking, and experience in the relevant industry. Barriers to entry for foreign-born workers can include advanced degrees (e.g., MBA), significant work experience, and familiarity with US business practices and regulations.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

Disclosure: none. Top 15 Expat Employment Industries in the US is originally published on Insider Monkey.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire