If you consider developing a career in NJ, it’s worth knowing which are the state’s largest companies that may offer job opportunities.
What industry employs the most people?
The healthcare industry is one of the largest employers in New Jersey. In fact, according to data from the New Jersey Department of Labor and Workforce Development, healthcare and social assistance employs over 658 thousand people! That is about 12% of the state's workforce. The next largest industries are retail trade (over 600 thousand employees) and government (over 584 thousand employees).
Some of the largest healthcare employers in New Jersey include:
- RWJBarnabas Health
- Hackensack Meridian Health
- Atlantic Health System
- Inspira Health Network
- Cooper University Health Care
- Virtua Health
These are just a few of the many large companies located in New Jersey that offer job opportunities. Be sure to research potential employers before making any decisions about your career.
What business is NJ known for?
New Jersey's economy is diverse, with significant pharmaceuticals, life sciences, financial services, high-tech industries, information technology, and transportation and logistics industries. They are some of the largest employers in the state. The list below includes both publicly traded companies headquartered in New Jersey and private companies with large operations in the state.
Cognizant:
This company specializes in information technology, consulting, and business process services. It is headquartered in Teaneck, New Jersey and has over two lakh employees. They have a strong presence in India with over one lakh employees. Cognizant company is known for its work-life balance and salary packages. Employees here have good reviews about the company's policies. They tell that usually, there is no weekend work, and the company fosters a good learning environment. The business strategy of this company is based on the philosophy of putting its employees first and then profits.
Panasonic Corporation Of North America:
The company was established in 1961 and is headquartered in Secaucus, New Jersey. Panasonic Corporation of North America provides a wide range of products and services, including air conditioners, automotive electronics, beauty products, digital cameras, electronic components, factory automation solutions, health care solutions, home appliances, office solutions, and more. The company employs over 50 thousand people in North America.
Public Service Enterprise Group:
This company is one of the largest energy companies in the United States. It is headquartered in Newark, New Jersey and has operations in Pennsylvania, Maryland, Virginia, and Delaware. Public Service Enterprise Group (PSEG) is a diversified energy company with three main business segments: electric and gas utilities (PSE&G), power generation (PSEG Power), and energy services and trading (PSEG Energy Holdings). The company has over 10 thousand employees.
Becton Dickinson:
This company is a medical technology company that manufactures and sells medical devices, laboratory equipment, and diagnostic products. It is headquartered in Franklin Lakes, New Jersey and has over 70 thousand employees worldwide. Becton Dickinson has a good reputation as an employer. Employees here report high job satisfaction and good work-life balance. The company is known for its innovative products and strong research and development capabilities.
Johnson & Johnson:
This company is one of the largest healthcare companies in the world. It is headquartered in New Brunswick, New Jersey and has operations in more than 60 countries. Johnson & Johnson is a diversified healthcare company with three main business segments: Consumer Health, Pharmaceuticals, and Medical Devices. The company has over 130 thousand employees.
Merck & Co., Inc.:
This company is a global pharmaceutical company that manufactures and sells medications and vaccines. It is headquartered in Kenilworth, New Jersey and has operations in more than 140 countries. Merck & Co., Inc. has a long history dating back to 1887. The company has over 70 thousand employees.
Prudential Financial:
This company is a financial services company with operations in the United States, Asia, Europe, and Latin America. It is headquartered in Newark, New Jersey and has over 50 thousand employees. Prudential Financial offers a wide range of financial products and services, including life insurance, annuities, investments, retirement services, and more.
Honeywell International Inc.:
This company is a technology and manufacturing company that produces a variety of products, including aerospace systems, building technologies, turbochargers, and more. It is headquartered in Morristown, New Jersey and has operations in more than 100 countries. Honeywell International Inc. has over 130 thousand employees.
How many firms are there in New Jersey?
New Jersey's small businesses are an important part of the state's economy. In fact, New Jersey ranks 11th in the United States for the number of small firms, with almost 861,000 companies to date. That is remarkable when you consider that New Jersey is 47th in size!
What is the largest company in NJ?
Fortune500 is thought to be the most reliable source for such data, and their most recent list was published in 2019. There, Walmart is at the top of the list. It is followed by Amazon, Apple, Exxon Mobil, and JPMorgan Chase & Co.
Fortune500 is an annual list of the 500 largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The minimum required to be on the Fortune500 is $5.2 billion in annual revenue. This year's (2019) cutoff was $11.4 billion.
Employees at Fortune500 companies account for over 27 million people worldwide, which is about one out of every eight workers in the United States. In aggregate, the Fortune500 companies represent two-thirds of the U.S. GDP with $12.8 trillion in revenues, $1.0 trillion in profits, and $21.6 trillion in market value as of May 2019.
What company hires the most employees?
Walmart is the world's largest company, with over 523 billion dollars in revenue in 2019. As of today, Walmart has 2.2 million employees. That is more than some countries have citizens! So, in NJ, the company that hires the most people is also the largest company. For example, if you are a student looking for a summer job, Walmart might be a good place to start your search.
If you look for a job in the medical industry, you should consider the company Johnson & Johnson. The company is one of the largest healthcare companies in the world and is headquartered in New Brunswick, New Jersey. Johnson & Johnson has over 130 thousand employees.
In case you want to work in IT, the company Honeywell might be a good option. It is a technology and manufacturing company with over 130 thousand employees worldwide. Honeywell has operations in more than 100 countries and its headquarters is located in Morristown, New Jersey.
What is New Jersey's biggest export?
In 2016, New Jersey's manufactured goods exports supported an estimated 123 thousand jobs. The state's major manufacturing export category is chemicals, which accounted for $9.1 billion of New Jersey's total goods exports in 2018. In 2020, the top five exports from New Jersey were:
- Passenger cars: $6.8 billion
- Crude petroleum: $4.4 billion
- Petroleum gases: $3.5 billion
- Packaged medicaments: $2.9 billion
- Computers: $2.7 billion
So, if you still think about what company and what industry to work with, keep in mind that New Jersey's economy is very diverse. You can find a job in manufacturing, healthcare, IT, and more. The state is home to many large companies, so you will have plenty of options to choose from!
Should you choose a small company or a large one?
In NJ, there are pros and cons to working for both small and large companies.
Small companies often have a more tight-knit culture, which can be good or bad depending on your personality. You will likely have more responsibility and be able to make a bigger impact on the company's success. On the other hand, job security may be less certain since small businesses are more vulnerable to economic downturns.
Large companies usually offer more stability and security, but you may feel like just another cog in the machine. There is also more bureaucracy, which can make decision-making slower. However, large companies often offer better benefits and opportunities for advancement.
So, it really depends on what you are looking for in a job. If you want stability and good benefits, you may want to look for a large company. If you are more entrepreneurial and want to have a bigger impact, a small company may be a better fit. No matter what size company you choose to work for, New Jersey has plenty of options for you!
Is Hew Jersey a good place to start your career?
There are many reasons why New Jersey is a great place to start your career. For one, the state has a very diverse economy, so you can find a job in many different industries. Additionally, New Jersey is home to many large companies, so you will have plenty of options to choose from.
When choosing a company to work for, it is important to consider its size. The largest companies in New Jersey are:
- Prudential Financial
- PSEG
- Horizon Blue Cross Blue Shield of New Jersey
- Verizon Communications
- Deloitte LLP
- Ernst & Young LLP
- KPMG LLP
- PricewaterhouseCoopers LLP
- Cognizant Technology Solutions
- ADP
These are just some of the largest companies in New Jersey. As you can see, there are many options to choose from, so you should be able to find a company that is a good fit for you and your career goals. Do some research on these companies and others to see which ones might be the best match for you. Good luck!