Thanks to Frederick's location near Washington, DC, the city's local economy is thriving. Based on Frederick's 2013 Comprehensive Annual Financial Report, the city's top employers include: Fort Detrick, Frederick County Board of Education, Frederick Memorial Healthcare System, Frederick County Government, and Wells Fargo Home Mortgage, among others. Top industries in Frederick include: education, health care, mortgage and insurance, banking, science, government, retail and construction, engineering, transportation, and tourism. Additionally, Frederick cancer research is booming here in the city.
Frederick's students are under the auspices of the Frederick County Public Schools district. The FCPS district is proud to have a graduation rate of 93.31% and boasts the second lowest dropout rate in the state. High school students are also strongly encouraged to take Advanced Placement (AP) courses if at all possible. High schools serving students living in Frederick include: Frederick High School, Oakdale High School, Tuscarora High School, and Governor Thomas Johnson High School.
Students also have the option of attending Frederick's private schools which include The Banner School, Visitation Academy of Frederick, and St. John Regional Catholic School (all three which serve students in grades K-8). Private high schools include Saint John's Catholic Prep, The Banner School, Frederick Christian Academy, and New Life Christian School.
When it comes to higher education, Frederick is home to Mount St. Mary's University, Hood College, and Frederick Community College.