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Industries > Financial Services

Financial Services and Banking in Greater Philadelphia


Greater Philadelphia’s diverse financial activities sector includes banking, investment, securities, insurance, leasing and real estate services.

Financial institutions account for a large number of well-paying jobs in the region.

  • In 2010, there were 215,900 financial service workers in Greater Philadelphia, 7.5% of the region’s total employment and well above the U.S. share of 6%. 
  • Greater Philadelphia had the 4th-highest concentration ratio for financial activities employment among the nation’s largest metro areas in 2010.

Business, management, marketing and related fields were the top areas of study in Greater Philadelphia’s colleges and universities, ensuring the sector a well-educated workforce. In 2008/09, the region’s schools awarded 15,312 certificates and degrees in these fields, 18.3% of the total.

According to the FDIC, the region’s banks had total deposits of $379.8 billion at the end of June 2010. An additional $2.2 trillion in assets was under management by the region’s largest investment and mutual fund companies at the end of 2010.

Visit Leading Employers to find Financial Services and Banking companies in Greater Philadelphia.

Financial Services and Banking Fortune 1000 Companies in the Greater Philadelphia region:

Fortune 1000 Company Rank
Cigna 129
Lincoln National 256
PHH 638
Heartland Payment Systems 954
Delphi Financial Group 988

Source: Hoovers



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Arkadi Kuhlmann
President and Chief Executive Officer,
ING DIRECT USA

"We looked at a lot of places around
the country and Greater Philadelphia was unique."

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