Above Average Employment in Greater Philadelphia’s Financial and Business Services
One of the key strengths of the Financial Activities and Professional and Business Services in Greater Philadelphia is its above average concentrations of employment. Research shows metro areas with above average concentrations of employment in these sectors have higher levels of worker productivity in all other sectors. And, that gives companies in Greater Philadelphia a big advantage.
Greater Philadelphia’s above average employment ratios:
Business Services at 1.15 is well above the U.S. figure of 1.0; and
Financial Activities is 1.27, the fourth highest among the 15 largest MSAs in 2011 and accounts for 7.5% of the region’s total employment in 2012.
Banking, Investment, Insurance, Real Estate:
. 224,100 employed
. 430 firms with over 100 employees
. 10.3% of Gross Regional Product
Plus, our workforce is well-educated and has varying degrees of experience in banking, investments, securities, insurance, leasing, and real estate in the Financial sector. Scientific research and development, computer systems design, management consulting, accounting, legal services, architecture, engineering in the Professional and Business Services sector.
Business, management, marketing and related fields are the top areas of study for students at Greater Philadelphia’s colleges and universities , with 16,000 certificates and degrees ensuring this sector a continuous and well-educated workforce.
Wage and salary costs in Greater Philadelphia are lower than other large Northeast cities, including Boston, New York and Washington, D.C. so hiring costs compare favorably.
Visit Leading Employers to find Financial Activities companies in Greater Philadelphia. (link to “Leading Employers” page)
Top Financial Activities and Banking Companies in the Greater Philadelphia
Bank of America
Barclays
Cigna
Citizens Bank Foundation
Delphi Financial Group 9 First Niagara Financial Group
Heartland Payment Systems
ING Direct, USA
Janney Montgomery Scott
JPMorgan Chase
Lincoln National
The PFM Group
PHH
PNC Bank
Radian Group
SEI Investments
TD Bank, N.A.
Vanguard
Wells Fargo
Wilmington Trust
Quote:
Mike Carbone, Regional President, Metro Philadelphia, TD Bank
“You have a great labor force. And when you look at the cost of living here compared to Washington, New York or Boston, it’s really reasonable. We have some of the best business schools in the country centered right here in Greater Philadelphia…It’s the epicenter of the mid-Atlantic.”
Professional and Business Services in Greater Philadelphia
Aerotek
Aloysius, Butler & Clark
American Executive Centers
Asher & Company, Ltd.
Braithwaite Communications, Inc. Brandywine Realty Trust
Blank Rome LLP
The Buccini/Pollin Group, Inc.
CB Richard Ellis - CBRE
CETRA Language Solutions
Citrin Cooperman LLP
CliftonLarsonAllen LLP
Cozen O'Connor
CresaPartners
Day & Zimmermann
Dechert LLP
Deloitte LLP
Diversified Search
Drinker Biddle & Reath LLP
Employee Transfer Corporation
Ernst & Young LLP
Fesnak and Associates, LLP
Grant Thornton
Innovative Print & Media Group, Inc.
Jones Lang LaSalle
Kaplan & Associates, Inc.
KPMG
Kreischer Miller
Liberty Property Trust
Manko, Gold, Katcher & Fox, LLP McCormick Taylor, Inc.
Montgomery, McCracken, Walker & Rhoads, LLP
Morgan, Lewis & Bockius LLP
Pennoni Associates
Philadelphia Bar Association
PREIT Services, LLC/PREIT-Rubin, Inc.
PricewaterhouseCoopers LLP
Prudential Fox and Roach / The Trident Group
Reed Smith
Saul Ewing LLP
Schnader Harrison Segal & Lewis LLP
Spencer Stuart
Stradley Ronon Stevens & Young LLP
Tierney Communications
Urban Engineers, Inc.