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What companies are in the finance field? There are more than a handful of them both in the US and around the globe.
Companies in the financial sector play a huge role in every country’s economy. They have transcended the brick-and-mortar platforms we used to know, offering both traditional and tech-driven products and services with trusted financial solutions.
But we’re very much aware that in this industry, there are big players making the waves, and we are taking a close look at them for the sake of both job seekers and investors.
Have a nice read.
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What Companies are in the Finance Field? Top Finance Services Companies 2023?
1. Fidelity Investments
- Number of Employees: 70,000+
- Employee Rating: 4.1 out of 5
- Average Salary: $40,500 – $168,000
Since its inception in 1946, Fidelity Investment has been a premier investment global company and one of the largest financial services in the world.
It manages 2.5billion dollars in assets. Fidelity Investments is quite popular among high-net-worth individuals.
Their Services include investment advice, portfolio management, brokerage, retirement planning, and insurance. They also provide financial planning services for businesses.
Some of their top clients include Ford Motors, General Electric, Dow Jons, and Cisco Systems.
Reports show that Fidelity Investments is among the very best online brokerage platforms available in the world, offering a comprehensive suite of tools, research, and investable assets.
Little wonder why it has worn Forbe’s best online brokerage 2022. Fidelity Investment is also a huge employer of labor boosting about 70,000+ employees.
Working at Fidelity Investment appears to be quite pleasant. Data from Careerbliss.com shows that 97% of employees would recommend working at Fidelity Investments, with an overall rating of 4.1 out of 5.
Looking for Jobs at Fidelity Investments?
2. Goldman Sachs
- Number of employees: 43,900
- Employee ratings: 4 out of 5
- Average Salary: $40,000 – $241,652
Goldman Sachs is one of the largest banking and security firms in the US. It’s been blazing the trail in the financial industry since 1869.
It manages some of the largest investment funds in the world, and it’s a foremost leader in investment banking and investment management.
The company’s strength in this area is in mergers and acquisitions, equity and insurance, and investment research.
Their investment management services are available through a wide range of investment platforms such as mutual funds, H funds, private equity funds, exchange-traded funds, and lots more.
Some of their best products include stocks, bonds, and wealth management services. Working at Goldman Sachs could also be a dream come true for young professionals.
However, you have to be competitive. They offer great pay, benefits, an amazing culture, and the opportunity to work with really smart people in the world.
Looking for Jobs at Goldman Sachs?
3. T.RowePrice
- Number of employees: 7,529
- Employee ratings: 3.8 out of 5
- Average Salary:$48,925 to $126,375
T.RowePrice is another leading firm in investment banking in the United States. Its focus is on serving individuals and institutions.
The company was founded in 1937 and has since grown to become one of the largest investment firms in the world, with more than $800billion in assets.
T.RowePrice investments products and services are investment advice, management, retirement services, equity and portfolio construction, and management.
These services are available to individual investors through financial managers, planners, and portfolio managers.
Data from Glassdoor shows that 69% of employees would recommend working at T.RowePrice. In addition, employee reviews on indeed.com show that T. Rowe has excellent benefits, including donation matching, time off to volunteer in the community, and lots more.
Looking for Jobs at T.RowePrice?
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4. USAA
- Number of employees: 36,000
- Employee ratings: 3.8 out of 5
- Average Salary:$34,000 to $100,000
USAA has been a provider of insurance and investment services to military personnel and their families since 1922. Its primary focus is on the US market.
It’s a key player in insurance with competitive rates and customer service. Some of its financial services and products are banking and investment management.
Its investment management services are available through traditional investment vehicles like stocks and bonds as well as alternative investments such as real estate and commodities.
Data from Glassdoor shows that 62% of employees would recommend working with USAA. So you could look out for jobs like an investment banker, Economic Analyst, or Portfolio Assistant if you’re just starting out.
Looking for Jobs at USSA?
5. Vanguard Group
- Number of employees: 18,800
- Employee ratings: 3.7 out of 5
- Average Salary:$34,000 to $100,000
Vanguard was founded in 1975 and has since grown to become one of the premier investment companies in the United States. The company is quite popular for its low-cost investment products and services.
In fact, Vanguard is one of the foremost assets managers in the US, overseeing over $5trillion in assets. The company’s investment management services are available through various investment service packages such as ETFs, stocks, and bonds.
Data from Glassdoor shows that Vanguard has an overall rating of 3.7 out of 5, based on over 4,724 reviews left anonymously by employees. 65% of employees would recommend working at Vanguard.
Looking for Jobs at Vanguard Group?
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6. Morgan Stanley
- Number of employees: 18,800
- Employee ratings: 4 out of 5
- Average Salary:$34,000 to $100,000
Morgan Stanley is another leading investment company focused on serving high-net-worth individuals and institutions. The company was founded in 1935 by J.P. Morgan & Co.
It has since become one of the biggest investment firms in the United States with $ 1.8 trillion in assets.
In addition, Morgan Stanley is a premier firm in asset and wealth management. t is definitely one of the foremost investment firms in the USA. Its services are available through equity and death insurance, mergers and acquisitions, plus investment research.
Their investment packages include mutual funds, ETS, and fixed incomes. The working environment at Morgan Stanley is a great place to work and grow based on its employee reviews.
However, you have to adapt to the busy work schedule if you dream of working there.
Looking for Jobs at Morgan Stanley?
7. Raymond James Financial
- Number of employees: 15,000
- Employee ratings: 4.0 out of 5
- Average Salary: $41,308 to $96,680
Raymond James Financial is also a premier financial firm with a focus on serving high-net-worth companies and institutions.
It was founded in 1962 and has since grown to become one of the foremost investment companies in the United States, with 1.4 trillion in assets under its management.
The firm’s investment banking services include equity and death insurance, mergers & acquisitions, and investment research.
In addition, the firm offers mutual funds, ETFs, and fixed income. Data from Glassdoor shows that 82% of employees would recommend working with Raymond James Financial.
Looking for Jobs at Raymond James Financial?
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9. JP Morgan Chase
- Number of employees: 271,025
- Employee ratings: 4.0 out of 5
- Average Salary: $41,308 to $96,680
JP Morgan is one of the largest global investment firms in the USA. It was founded in 1871 and has since grown to become a leading financial firm in the United States with 2.6 trillion in assets under management.
It is a well-known leader in investment and asset management. And one of the best investment firms in the United States.
JP Morgan’s investment services include equity, asset management, commercial banking, and financial transaction processing. They also offer mutual funds, exchange-traded bonds, ETFs, and fixed income.
Looking for Jobs at JP Morgan Chase?
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10. Wells Fargo
- Number of employees: 260,000+
- Employee ratings: 3.7 out of 5 stars
- Average Salary: $80,327 a year.
Wells Fargo is an institutional asset management firm. It manages over 1 trillion dollars in assets focusing on investment management for individuals and institutions and pension funds.
Its investment types include equity, currencies, fixed income, commodities, private equity, real estate, H Funds, and Alternative investments.
Wells Fargo has offices in 5 countries, including Canada, the Bahamas, the Cayman Islands, and the United Kingdom.
Looking for Finance Jobs at Wells Fargo?
How Many Jobs are Available in Finance Field?
According to the US Bureau of Labor Statistics, there are 7,695,710 people employed in the Finance and Insurance industry in the US as of 2023.
In addition, the demand for financial professionals is expected to grow. The job market is very competitive, and there are many qualified candidates.
Specifically, finance and accounting professionals are in high demand in nearly every industry. So, finance skills are in high demand.
What Companies are in the Finance Field? | Best Companies in the Finance Field?
Skills Required for Jobs in the Finance Field
1. Mathematical Skills
Undoubtedly, having good calculative ability will boost your chances to succeed in the finance field.
There are several places to apply mathematical skills, such as data administration and financial analysis, predictive analysis, data management, and accounting.
It is a basic skill required for all financial positions. With mathematical skills, it will be easier for you to build strong analytical ability.
2. Accounting Skills
Many finance companies also expect you to have accounting skills. Accounting skills help you to easily and successfully track documents and financial transactions.
They are required to complete financial analysis, financial reporting, data management, financial modeling, and different other related tasks.
So, with a basic knowledge of financial ability, you can make a great career path in the financial field as a financial specialist.
Some of the industry’s most profitable positions to land with accounting skills are chartered accountant, public accountant, and many more.
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3. Business Intelligence Skills
Business intelligence skills help support organizations in making smart decisions. It helps you be able to estimate future inventory, sales, and other data in order to make intelligent and smart business decisions.
So you need to know how to use enterprise business software (ERP Systems) such as Oracle or SAP. They are useful for inventory management, future purchase planning, and other tasks. You also need to be conversant with business analytics software such as Tablo.
Plus, get knowledge of data visualization technologies which allows you to effectively convey data-driven insights to colleagues, non-technical people, and senior management.
4. Financial Modeling Skills
Financial modeling is the process of abstractly modeling really financial situations scenarios. This skill allows you to develop a mathematical model that portrays the financial performance of an asset or portfolio over a certain period.
With financial modeling skills, you can estimate the worth of a company or even compare different businesses.
These skills are also necessary for strategic planning goals, including estimating the cost of a new project and budgeting. With this skill, you can apply for senior-level roles in finance companies.
5. Financial Reporting Skills
You need to have the ability to report financial and related information to stakeholders and senior management.
Financial reporting is a required skill if you want to advance in the field. Some of your duties in financial reporting include: reporting financial statements, balance sheets, and income sheets to present the financial state of the organization to the appropriate persons.
Conclusion
The top companies in the U.S. finance field are Fidelity Investments, Goldman Sachs, T.RowPrice, USAA, Vanguard Group, Morgan Stanley, and many others.
These companies are driving the financial industry both in the US and across the world. Most of them are also good working places to grow in the financial field.
However, you need to be up to date with financial skills, knowledge, and the right education to land a position in this industry. Most of them are also good stocks for investors.
Reference
- www.indeed.com USA Financial
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