Many national banks and financial services companies have significant operations in Greater Philadelphia resulting in the region’s location quotient* for finance and insurance being the second highest in the U.S. at 1.3.

According to the Quarterly Census of Employment and Wages, the Financial Activities sector accounted for 9.5 percent of the region's total employment in 2005, well above the U.S. share of 7.3 percent.

Other financial services factors:

• $1.6 trillion in mutual fund assets under management
• 234,400 – workers were employed in financial services in 2005

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:

*A location quotient is the ration of the percent of total regional economic activity in a single sector over the percent share of activity in the same sector for a larger, reference economy.  For example, is the Financial Activities sector accounted for 10 percent of a region's total employment compared to only 8 percent of total U.S. employment, then the region's location quotient would be 1.25.

Sources: Fortune Magazine, 2007.