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Old 02-06-2012, 11:11 PM
 
4,400 posts, read 4,433,541 times
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Default Top 10 US Financial Centers

Being from Charlotte I hear about us being the second largest banking center after New York. However, I know that there is a difference between a banking center and a financial center. When I think of financial centers I think of so much, consumer banking, stocks, bonds, accounting, insurance, etc. And I was wondering surely my home town would scratch the top 10. But the more I think about I can't even see that. So, to my C/D fam what cities in the US are the top 10 financial centers. Here is my list :
1. New York
2. Chicago
3. San Francisco
4. Boston
5. Philadelphia
6. Los Angeles
7. Miami
8. Atlanta
9. Dallas
10. Minneapolis

Some honorable mentions Hartford, Omaha, Charlotte, Phoenix, all the federal reserve cities. I look forward to learning from this thread.
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Old 02-07-2012, 08:39 AM
 
Location: Cleveland bound with MPLS in the rear-view
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There has to be an official ranking somewhere that shows the total number of jobs in the FIRE industry, or total GDP by FIRE companies...
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Old 02-07-2012, 08:59 AM
 
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Major:

NYC
Chicago
San Francisco
Boston
Washington DC

---

Smaller financial hubs:

Nashville
Charlotte
St. Louis
Miami
Los Angeles
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Old 02-07-2012, 09:42 AM
 
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Industry Report for December 2011 - Financial Activities

Metro Area:
New York – 734,600
Los Angeles – 311,100
Chicago – 284,100
Dallas – 242,100
Philadelphia – 199,700
Boston – 172,800
Washington D.C. – 152,200
Miami – 150,600
Phoenix – 140,600
Houston – 137,700
Minneapolis – 134,700
Atlanta – 127,700
San Francisco – 122,800
______________________________

Detroit – 95,100
Denver – 88,300
Seattle – 87,700
St. Louis – 78,100
Baltimore – 71,500
Pittsburgh – 70,600
Charlotte – 69,500
San Antonio – 63,500
Cleveland – 62,900
Portland – 62,500
Orlando – 62,000
Hartford – 60,200
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Old 02-07-2012, 10:11 AM
 
4,400 posts, read 4,433,541 times
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Quote:
Originally Posted by BlackOut View Post
Industry Report for December 2011 - Financial Activities

Metro Area:
New York – 734,600
Los Angeles – 311,100
Chicago – 284,100
Dallas – 242,100
Philadelphia – 199,700
Boston – 172,800
Washington D.C. – 152,200
Miami – 150,600
Phoenix – 140,600
Houston – 137,700
Minneapolis – 134,700
Atlanta – 127,700
San Francisco – 122,800
______________________________

Detroit – 95,100
Denver – 88,300
Seattle – 87,700
St. Louis – 78,100
Baltimore – 71,500
Pittsburgh – 70,600
Charlotte – 69,500
San Antonio – 63,500
Cleveland – 62,900
Portland – 62,500
Orlando – 62,000
Hartford – 60,200
I'm assuming these are jobs in FIRE?
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Old 02-07-2012, 10:50 AM
 
Location: Cleveland bound with MPLS in the rear-view
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I had no idea Miami was a major financial center! I can't think of ONE bank that is HQ'd there, but that's clearly not the only way a city can be a financial player.
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Old 02-07-2012, 11:06 AM
 
Location: roaming gnome
12,396 posts, read 13,307,311 times
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Quote:
Originally Posted by west336 View Post
I had no idea Miami was a major financial center! I can't think of ONE bank that is HQ'd there, but that's clearly not the only way a city can be a financial player.
the international banks and investments. Miami is seen as the most secure place to keep money for people in latin america.
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Old 02-07-2012, 11:20 AM
 
Location: São Paulo
6,241 posts, read 7,051,770 times
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Quote:
Originally Posted by west336 View Post
I had no idea Miami was a major financial center! I can't think of ONE bank that is HQ'd there, but that's clearly not the only way a city can be a financial player.
It's not. There are lots of international banks located in the area, but in terms of major financial activity it's really not important whatsoever. There are only five American cities which rank in the Top 75 world financial centers but they're all ranked in the Top 15.

GFCI Index 10
2. New York City 773

7. Chicago 692

9. San Francisco 681
12. Boston 678

14. Washington DC 670

NYC & Chicago basically have stayed in place for as long as I can remember, while Boston & SF are usually neck and neck. This is the first time I can remember SF being ranked ahead of Boston, but they're always within two or three points of one another. Washington DC has been slowly creeping up the list, presumably due to the US government's increased role in the financail

Other than that, the financial activity of the rest of US cities is relatively negligible. There are of course major companies throughout the US not located in these cities, but the overall activity isn't there.
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Old 02-07-2012, 11:33 AM
 
670 posts, read 886,231 times
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Quote:
Originally Posted by tmac9wr View Post
It's not. There are lots of international banks located in the area, but in terms of major financial activity it's really not important whatsoever. There are only five American cities which rank in the Top 75 world financial centers but they're all ranked in the Top 15.

GFCI Index 10

9. San Francisco 681
12. Boston 678
First time I'm seeing this as well. Also, being top 10 in the World is a nice little badge to wear FWIW!

I guess we'll have to get used to seeing tied but "edge San Francisco" instead of "edge Boston"

That's monumental to me! LOL!!!
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Old 02-07-2012, 05:27 PM
 
Location: São Paulo
6,241 posts, read 7,051,770 times
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Quote:
Originally Posted by Rhymes with Best Coast View Post
First time I'm seeing this as well. Also, being top 10 in the World is a nice little badge to wear FWIW!

I guess we'll have to get used to seeing tied but "edge San Francisco" instead of "edge Boston"

That's monumental to me! LOL!!!
Haha well I hope Boston can reclaim the position. It too was #9 in GFCI 6 or 7, I forget which.

But yea, great work by SF to make that jump.
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