Key Industries:Financial Services
A strong and growing portfolio of employees and new talent
Greater MSP's financial services sector includes banking, insurance, and securities/financial investment services. With nearly 110,000 people working for finance-related employers, over 310 commercial banks, significant foreign direct investment, and the sixth-highest per capita total of Chartered Financial Analysts in the nation, Greater MSP has one of the most dynamic financial services sectors in the nation.
A wide variety of employers
Although Greater MSP is home to some of the largest and most recognizable financial services institutions in the world, the region is also a primary destination for firms looking to establish regional offices and invest in the United States. Greater MSP ranks in the top-10 for the most concentrated banking industry for large metro areas.
The Greater MSP region is home to four Fortune 500 finance and insurance companies such as UnitedHealth Group, U.S. Bancorp, HealthPartners Inc., and Ameriprise Financial, in addition to hosting Wells Fargo’s largest workforce in the world.
A pipeline of up-and-coming talent
Greater MSP’s pipeline for new financial services talent is strong, bolstering the likelihood of continued sector growth. Greater MSP-based colleges and universities graduated approximately 1,900 students from accounting, finance, financial management, mathematics, statistics, and actuarial sciences in 2014 alone.
Graduating finance, insurance, and financial tech talent only matters if those students stay in the region. Greater MSP retains our recently educated finance and accounting graduates. Over 73 percent of regional finance and accounting graduates between 2012 and 2014 are still employed in the region.