- Top 25 Employer List for 2012
Top 25 Employer List for 2012
The listing of the 25 largest employers in Cambridge during 2012 is now available.
Over 45,000 full time equivalent positions are found across this range of employers, representing over 40% of the Cambridge workforce reported by the Commonwealth of Massachusetts. The three largest employers in the city are Harvard University, the Massachusetts Institute of Technology, and the City of Cambridge. Seven of the employers are pharmaceutical companies or research institutes engaged in biotechnology, drug development or genetics research. These seven employers have over 9,000 employees.
Since the mid-1980s the Community Development Department (CDD) has collected employment data from Cambridge employers to assemble a list of the 25 largest providers of jobs. The information is updated annually and published on the web site with links to the career web pages of the listed organizations.
The Top 25 list merits a closer look, as it provides insight into the overall economic climate in Cambridge. While measuring the city’s most significant employers, it is worth noting that the term “employee” can mean different things to different employers. To ensure a reliable basis for comparison across organizations, the Top 25 counts Full Time Equivalents (FTEs). A person working full time between 35 and 40 hours per week counts as one FTE (or one employee). Therefore, a person employed half time is 0.5 FTEs and a person working one full day a week is 0.2 FTEs (based on a 5 day work week).
Some employers annually appear on the Top 25 list. Harvard University and MIT have shared the first two positions on every list since 1986; in all but two years, Harvard was the city’s largest employer. Lesley University regularly appears on the list, although further down in the ranking. The City of Cambridge generally ranks third, and Mt Auburn Hospital and Draper Laboratories have also been listed every year since 1986.
Looking beyond the “regulars,” the Top 25 reveals more. Over the years 54 different employers have shared the other 20 positions on the list. Today, six of the eight largest private companies listed are in the biotechnology and pharmaceutical industry. Among them are Cambridge stalwarts such as Biogen Idec, Genzyme (now owned by Sanofi), and Millennium Pharmaceuticals. Adding those employers who otherwise support the biotechnology cluster—researchers at MIT, the Broad Institute and start-up support at the Cambridge Innovation Center (CIC)—nine of the Top 25 employers are involved in the industry.
While Cambridge is known as a hotbed of internet and software innovation, much of that work occurs at smaller firms. Still, four of the Top 25 fall in this sector: Microsoft, Google, Akamai, and Pegasystems. CIC also lends support to many internet startups. Finally, the Top 25 includes a diverse set of eight employers ranging from health care (Cambridge Health Alliance, Spaulding Hospital Cambridge) to consultants (Forrester Research, Camp Dresser & McKee, Raytheon BBN Technologies) and encompassing the educational services firm EF International, Whole Foods and the Federal Government. The Top 25 list demonstrates the range, strength and capacity for economic growth in Cambridge, explaining the high level of confidence in its future.