When people hear the term “financial services sector,” they usually picture the bustling of Wall Street. However, the sector extends beyond stock trading and investment services.
Learning about different financing businesses might help you make better plans. In this post, we compiled some renowned and prominent finance services companies.
Types of Financial Services Companies
Financial services include businesses that operate with money. These firms participate in saving, spending, relocating, and creating money. However, the most prevalent and most significant sorts of financial services businesses are;
- Investment Companies
- Banks
- Brokerage
- Financial Planning and Advisory Firms
- Asset Management
- Insurance Companies
- Tax and Accounting Firms
- Credit Card companies
- Payment Processing Companies
- Fintech Companies
- Mortgage
- Venture Capital Companies
Top 20 Companies in the Financial Field
| Company Name | Category | Average Salary (Annually) |
| Goldman Sachs | Investment Banking | $46,206 – $602,330 |
| Fannie Mae | Mortgage Lending | $80,000 – $120,000 |
| Sequoia Capital | Venture Capital | $100,000 – $300,000 |
| Berkshire Hathaway | Investment Banking | $54,000 – $72,000 |
| JPMorgan Chase | Credit Card | $70,000 – $150,000 |
| Stripe, Inc. | Financial Technology | $100,000 – $274,000 |
| Wells Fargo | Wealth Management | $41,623 – $165,463 |
| Bank of America | Bank | $38,000 – $154,715 |
| Citigroup | Financial Services Holding | $70,000 – $150,000 |
| State Farm | Mutual Funds | $29,365 – $112,389 |
| Fidelity Investments | Brokerage | $47,756 – $167,970 |
| Freddie Mac | Mortgage Lending | $70,293 – $153,208 |
| Metropolitan Life Insurance Company | Insurance | $60,000 – $100,000 |
| Rocket Mortgage | Mortgage Lending | $75,000 – $85,000 |
| Pinnacle Financial Partners | Banking | $94,000 – $174,000 |
| Edward Jones | Investment Banking | $60,000 – $80,000 |
| PrimeLending | Mortgage Lending | $41,234 – $104,724 |
| Morgan Stanley | Investment Banking | $47,883 – $190,871 |
| Brookfield Asset Management | Asset Management | $80,000 – $250,000 |
| Prudential Financial | Insurance | $60,000 – $120,000 |
1. Goldman Sachs
Goldman Sachs is an American investment banking company. Founded in 1869, it is the second-largest bank in the world and is ranked 55th on the Fortune 500 list of the largest United States Corporations by total revenue.
According to the Financial Stability Board, the bank is considered a systemically important financial institution. It offers numerous financial services, including securities underwriting, prime brokerage, asset management and wealth management.
If you’re running a startup and looking for some investments, Goldman Sachs will help you. The bank will invest in and arrange finances for your startup. They will also provide additional business as a book-runner when your company launches initial public offerings.
Job Openings at Goldman Sachs:-
- Asset & Wealth Management Analyst
- Human Capital Management Associate
- Global Banking & Markets Operations Vice President
- Investment Banking Analyst
- Asset Management Private Credit Attorney
2. Fannie Mae
Since 1938, Fannie Mae has consistently provided affordable mortgage lending nationwide. The company help renters, purchasers, and homeowners by developing solutions that provide access to affordable housing options. They do not originate loans or lend directly to borrowers.
Instead, they purchase mortgage loans from lenders and then issue guaranteed mortgage-backed securities (M.B.S.) backed by those loans to attract investors. In 2022, Fannie Mae financed roughly 2.6 million home purchases, refinances, and rental units.
Job Openings at Fannie Mae:-
- Advisor for Fair Lending Analytics
- Senior Data Scientist
- Senior IAM Engineer
- Multifamily Asset Manager – Senior Associate
- Lead Product Manager
3. Sequoia Capital
Sequoia Capital is an American venture capital firm known for investing in numerous successful companies, such as Apple, ByteDance, and Cisco. Founded in 1972, the company specializes in seed, early, and growth-stage investments in private companies across the technology sector.
In 2022, Sequoia Capital was considered the largest venture capital company, with approximately $85 billion in assets under management. The company was founded when the state’s venture capital industry began developing.
Job Openings at Sequoia Capital:-
- Partner Account Manager
- Senior Staff Security Engineer
- Staff Technical Program Manager
- Machine Learning Engineer
- Associate Software Engineer
4. Berkshire Hathaway
Berkshire Hathaway is a holding corporation for several companies, including G.E.I.C.O. and Fruit of the Loom. It is led by Warren Buffett, the chairman and C.E.O., and is based in Omaha, Nebraska.
Initially, it was a conglomerate of textile milling factories. Buffett took ownership of the faltering New England firm in 1965. Since then, Berkshire has become one of the world’s largest firms by market capitalization. Today, it is one of the world’s most valuable firms in market capitalization.
Job Openings at Berkshire Hathaway:-
- Senior Claims Examiner
- Risk Control Specialist
- Chief Information Officer
- Project Manager
- Business Intelligence Analyst
5. JPMorgan Chase
JPMorgan Chase & Co. is a worldwide finance firm based in New York City and registered in Delaware. As of 2023, it is the largest bank in the United States and the globe, measured by market capitalization.
The Financial Stability Board considered JPMorgan the largest Big Four banks systemically significant. Its magnitude and scope have frequently resulted in increased regulatory supervision and the maintenance of an internal “Fortress Balance Sheet.”
Job Openings at JPMorgan Chase:-
- Asset Management Analyst
- Control Management Associate
- Cooportate Technology Solutions Analyst III
- Associate Sales Business Manager
- Product Solutions Associate
- Lead Solutions Analyst
6. Stripe, Inc.
Stripe, Inc., is an American multinational financial technology (Fintech) company headquartered in South San Francisco, California. Founded in 2010 by Irish entrepreneur brothers John and Patrick Collison, it is considered the largest fintech company with a valuation of about $65 billion and over $1 trillion in payment volume processed.
Stripe is known for offering numerous finance technology services, including payment-processing software and application programming interfaces for mobile applications and e-commerce websites.
It has a strong reputation for its ease of integration and developer-friendly tools. Its services are used by a wide range of businesses, from startups to large enterprises.
Job Openings at Stripe, Inc.:-
- Account Executive
- Accounting Analyst
- Android Engineer
- APAC Demand Generation
- Backend/API Engineer
- Backend Software Engineer
7. Wells Fargo
Since 1852, Wells Fargo & Company has assisted customers in starting companies and managing their money in a quickly changing world. Today, Wells Fargo is a renowned financial services corporation with over $1.9 trillion in assets. It serves one in every three families and more than 10% of small companies in the United States, making it a prominent middle-market bank.
This financial services company strives to make a positive social effect in its communities by promoting housing affordability, small business growth, financial stability, and a low-carbon economy.
Job Openings at Wells Fargo:-
- Lead Software Engineer
- Associate Commercial Loan Servicing Representative
- Senior Platform Engineer
- Senior Premier Banker
- Associate Operations Processor
- Lead Audit Manager
8. Bank of America
Bank of America is a well-known financial company that offers small and medium-sized businesses, governments, people, and other groups worldwide a comprehensive variety of banking, investment administration, and other risk and financial management products and services.
Bank of America is one of the Big Four financial organizations in the United States. It services around 10% of all American bank deposits and competes directly with JPMorgan Chase, Citigroup, and Wells Fargo. Its core financial services include commercial banking, wealth management, and investment banking.
Job Openings at Bank of America:-
- Assistant Vice President
- Lead Operations Representative
- Team Member
- Trade Finance Services Representative
- Administrative Assistant
9. Citigroup
Citigroup Inc., or Citi, is a New York-based international investment bank and financial services firm. In 1998, Citicorp, Citibank’s bank holding company, and Travellers merged to establish the firm; Travellers was split off in 2002.
Citigroup is the third-largest banking organization in the United States by assets and is one of the country’s Big Four banks, along with JPMorgan Chase, Bank of America, and Wells Fargo. The Financial Stability Board considers it a systemically significant bank, and it is frequently referred to as “too big to fail.”
Job Openings at Citigroup:-
- Workday Business Analyst
- Finance Execution Lead
- Forecasting & Analytics Officer
- Vice President, Issue Management
- Transaction Manager
- Tax Sr. Lead Analyst
10. State Farm
State Farm Insurance is a network of mutual insurance firms in the United States, with its corporate headquarters in Bloomington, Illinois. Founded in 1922, it is the largest property, casualty, and vehicle insurance supplier in the United States.
State Farm is the largest supplier of property, liability, and vehicle insurance in the United States. It was placed 39th in the 2024 Fortune 500, a revenue-based list of American firms.
Job Openings at State Farm:-
- Claim Specialist
- Claim Associate
- Business Lines Consultant
- Property & Casualty Actuarial Manager
- Insurance Defense Attorney
- Sr. Trial Attorney
11. Fidelity Investments
Fidelity Investments is an American financial services company. Founded in 1946, it is one of the largest asset management companies with $14.1 trillion in assets under administration. Fidelity Investments is also widely recommended as a brokerage firm.
The company is known for managing a large family of mutual funds, providing fund distribution, retirement services, investment advice and life insurance.
Job Openings at Fidelity Investments:-
- Senior Lead – Data Analytics & Insights
- Software Engineering – Java Full Stack
- Vice President – Technology
- Lead – Site Reliability Engineering
- Data Scientist
12. Freddie Mac
Freddie Mac was established by Congress 1970 to assist the US home finance industry and maintain a consistent and cheap supply of mortgage funds nationwide. Rather than directly lending to borrowers, Freddie Mac purchases loans from licensed lenders in the secondary mortgage market in the United States.
This financial services company is a significant player in the secondary mortgage market, purchasing, guaranteeing, and securitizing house loans.
Job Openings at Freddie Mac:-
- Agile Developer
- Cloud Engineering Tech Lead
- IT Risk Professional
- Full Stack Engineer
- Senior Software Engineer
- Java Developer
- Systems Analysis Associate II
13. Metropolitan Life Insurance Company
MetLife, Inc., is the parent corporation for MetLife, its affiliates, and Metropolitan Life Insurance Corporation (M.L.I.C.). The company serves around 90 million customers in more than 60 countries and is one of the leading providers of insurance, annuities, and employee benefit plans worldwide.
MetLife was founded on 24 March 1868. It was ranked 43rd in the 2018 Fortune 500 list of the best American companies by total revenue.
Job Openings at MetLife:-
- Sales Specialist
- Specialist – Supply Chain
- Insurance Associate
- Team Leader
- Sales Agent
- Director – Operations
14. Rocket Mortgage
Rocket Mortgage, formerly known as Quicken Loans is an American mortgage lender. Founded in 1985, the company is the largest online retail mortgage lender in the United States. Dan Gilbert, Ron Berman, Lindsay Gross and Gary Gilbert founded Rocket Mortgage as a mortgage broker.
It became a mortgage lender in 1988. The company relies on wholesale funding to make its loans and uses streamlined online applications. In 2013, Rocket Mortgage closed more than $400 billion of mortgage volume across 50 states.
Job Openings at Rocket Mortgage:-
- Mortgage Agent
15. Pinnacle Financial Partners
Pinnacle Financial Partners provides a comprehensive variety of banking, investing, trust, mortgage, and insurance products and services for people seeking a one-stop shop for financial services. Pinnacle was named to FORTUNE’s current list of the 100 Best Companies to Work For® in the United States, and it has been on the list each year since 2017.
Every year since 2013, American Banker has named Pinnacle one of America’s Best Banks. In October 2000, the business opened a single facility in downtown Nashville, Tennessee. Pinnacle, the second-largest bank holding company based in Tennessee, operates in 15 primarily metropolitan areas throughout the Southeast.
Job Openings at Pinnacle Financial Partners:-
- Bilingual Customer Service Representative
- Contact Center Specialist
- Financial Coach
- Client Data Account Maintenance
- Center Manager
16. Edward Jones
Edward Jones serves investment customers in the United States and Canada via a branch network of over 15,000 locations and 19,000 financial advisers. Today, the corporation has roughly 8 million clients and manages $1.8 trillion in assets worldwide. The firm caters only to individual investors and business owners.
The firm is a subsidiary of The Jones Financial Companies, L.L.L.P., a limited liability limited partnership owned entirely by its workers and retirees that is not publicly listed.
Job Openings at Edward Jones:-
- Branch Office Administrator
- Financial Advisor
- US Experienced Financial Advisor
17. PrimeLending
PrimeLending Inc. is a financial holding corporation headquartered in Dallas, Texas. The financial services company provides financial goods and banking services. PrimeLending is a national lender with over four decades of lending experience.
They aim to make the mortgage process as easy and efficient as possible, from application to closing. According to their results report for 30 June 2019, PrimeLending employs around 5,100 people and has 440 stores in 41 states, with total assets of $14.3 billion.
Job Openings at PrimeLending:-
- Area Sales Manager – Home Loans Prime
- Loan Processor
- Production Manager
- Field Marketing Coordinator
18. Morgan Stanley
Globally, Morgan Stanley is well known as the top bank and financial services corporation headquartered in Midtown Manhattan, New York City. With offices in 41 countries and over 75,000 employees, the firm’s clientele includes businesses, governments, institutions, and individuals.
Morgan Stanley was ranked No. 61 in the 2023 Fortune 500 ranking of the top US firms by total revenue and No. 30 in Forbes Global 2000.
Job Openings at Morgan Stanley:-
- Capital & Data Risk Associate
- Equity Sales & Trading Associate
- Financial Reporting Sr. Associate
- Expense Management Analyst
- Finance Data Management Director
19. Brookfield Asset Management
Brookfield Corporation is a Canadian multinational corporation that is one of the world’s largest alternative investment management firms. In 2022, it had more than $725 billion in assets under management.
Brookfield’s headquarters are in Toronto. It makes direct-control investments in real estate, renewable energy, infrastructure, credit, and private equity. The business also invests in distressed equities through Oaktree Capital, which it acquired in 2019.
Job Openings at Brookfield Asset Management:-
- Sr. Analyst
- Manager, Global Payroll
- Manager, Workday Configuration
- Senior Analyst, Global Payroll
- Deputy General Manager Procurement
20. Prudential Financial
Retail and institutional clients in the US can obtain insurance, retirement planning, investment management, and other goods and services from Prudential Financial, Inc., an American Fortune Global 500 and Fortune 500 corporation.
In 1875, The Widows and Orphans Friendly Society—later renamed the Prudential Friendly Society—was established in Newark, New Jersey. It was created by John F. Dryden, who eventually became a United States Senator. Prudential was the top insurer in the United States in 2019, with total assets of $815.1 billion.
Job Openings at Prudential Financial:-
- Financial Advisor
- Financial Services Consultant
- Business Analyst
- Sales Manager
- Senior Executive
- Lead Data Analytics Engineer
Frequently Asked Questions
1. What Types of Companies are Considered Part of the Finance Field?
Companies in the finance field include banks, investment firms, insurance companies, accounting firms, financial technology (fintech) companies, and financial advisory firms. Each plays a unique role in managing, investing, or protecting money and assets.
2. What is the highest-paying company in the Finance Field?
Goldman Sachs is considered the highest-paying finance services company, with an average of $602,330 in combined bonuses and salaries.
3. What Role Do Insurance Companies Play in the Finance Field?
Insurance companies provide protection against financial loss through various policies, such as life, health, auto, and property insurance.
4. What are Some Prominent Investment Firms?
Prominent investment firms include Goldman Sachs, Morgan Stanley, BlackRock, Vanguard Group, and Fidelity Investments. These companies are known for managing investments for individuals, corporations, and institutions.
5. What are Financial Technology (fintech) Companies?
Fintech companies use technology to offer innovative financial services and solutions. These companies include PayPal, Square, Stripe, and Robinhood, which provide services such as online payments, trading platforms, and financial planning tools.
6. How Do Asset Management Companies Operate?
Asset management companies manage investment portfolios for clients, including individuals and institutions. They invest in various assets such as stocks, bonds, and real estate.
7. Are There Regulatory Bodies Overseeing Financial Companies?
Yes, finance services companies are regulated by various bodies depending on their services and location. In the US, key regulators include the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Federal Reserve. Other countries have their own regulatory agencies.
8. How Do Investment Banks Differ From Commercial Banks?
Investment banks focus on providing services such as underwriting new securities, advising on mergers and acquisitions, and facilitating trading. On the other hand, Commercial banks primarily deal with deposit accounts, loans, and everyday banking services.
9. What are Some Emerging Trends in the Finance Field?
Emerging trends include fintech innovations, the increasing use of artificial intelligence and blockchain technology, a greater emphasis on sustainable and socially responsible investing, and the growth of digital banking and mobile payment solutions.
