Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This was always the most meaningless statistic ever cited. Just a FYI - this statistic is simply the total assets of banks based on where they list the HQ. Saying Charlotte is #3 in banking is equivalent to saying Charlotte is the #1 steel city in America just because Nucor is headquartered here.
To a degree. It’s still a largely financial center and still a solid banking hub.
But any city around 3 million people or less could have a solid industry and the city built around that industry BUt cities with around 7 million will still probably have more jobs overall in those industries. IE, Atlanta probably has more tech than Raleigh.
- Wells Fargo has more people than Wachovia ever has
- US Bank has grown a large operation
- Ally Financial has moved all their top execs from Detroit and has a large presence
- 5/3 has grown tremendously
- BofA continues to grow
- Sun Trust continues to grow
- FNB is growing like crazy here
- BB&T is adding
- Babson Financial, TIAA, Grant Thornton all growing bigger
The financial and banking sector has never been bigger or diverse. The difference is some of the local smaller banks have been consolidated and maintaining the same presence but official HQ is in another city and not counted in our metrics. IE, Wells Fargo is much larger in Charlotte than San Fran but it doesn’t count in regards to Charlotte’s stats in Banking.
Your friends looking to leave are for personal reasons. Your experiences are person and don’t reflect reality. Anyone who can’t find jobs just aren’t as competitive as more qualified candidates and I don’t think moving elsewhere will improve your marketability other than any experience you have gained with the banks here.
I guess maybe it depends on which sector within the financial industry you are in too.
I guess maybe it depends on which sector within the financial industry you are in too.
Absolutely does. When you look at Bank of America for example, the job growth and investment is in artificial intelligence, enhancing the mobile app and web, automating workflows and reducing manual tasks, etc... Then outside of the legacy banks like BAC and WFC, you have banks like Ally growing where they have 0 branches or ATM, all marketing is digital, and the app and website IS the bank.
This type of change has resulted in bankers whose skills are traditional operation/branch banking management finding less opportunity (and even getting let go), and those with skills in technology, development, and digital product management having more open doors than ever.
It you manage cash vault processes or risk management for the check operations, your screwed long term. If you know software development to help eliminate 300 call center jobs or can manage coding teams building security software for online threats, etc.... you can go far.
Absolutely does. When you look at Bank of America for example, the job growth and investment is in artificial intelligence, enhancing the mobile app and web, automating workflows and reducing manual tasks, etc... Then outside of the legacy banks like BAC and WFC, you have banks like Ally growing where they have 0 branches or ATM, all marketing is digital, and the app and website IS the bank.
This type of change has resulted in bankers whose skills are traditional operation/branch banking management finding less opportunity (and even getting let go), and those with skills in technology, development, and digital product management having more open doors than ever.
It you manage cash vault processes or risk management for the check operations, your screwed long term. If you know software development to help eliminate 300 call center jobs or can manage coding teams building security software for online threats, etc.... you can go far.
The problem is not the number of open jobs. It is the number of people vying for the same job. Ever noticed all the people moving here? Most workers need to start on contract, not ideal, before landing an FTE role at the Banks, if ever at all. Half these dudes are rubbish having been hired by phone interview. So the perception is NO jobs.
Several friends in banking and/or financial careers, who have lived in Charlotte, are now looking to leave. They say the jobs that were once here are not nearly as plentiful.
Any insight? Or are these isolated incidents? Our personal experience says they aren't isolated, but curious who else out there knows more info.
You realize that article is over a year old right?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
