There are multiple companies that are currently operating their business in the finance field, due to that, it can get a bit confusing to determine what companies are in the finance field. But don’t worry! We are here to help you!
In this article, you are going to learn about companies who work in the finance field, the top companies in the finance field in the United States, and some other related areas.
To begin with, Finance companies are those businesses that offer financial services to people, businesses, and other institutions.
There are several types of financial companies like Central banks, commercial banks, investment banks, merchant banks, internet banks, insurance companies, credit unions, and more – that offer different types of financial services such as lending money, investing money, providing financial advice, etc.
Top 10 Companies Are In The Finance Field
Here we have mentioned the top 10 finance companies based in the United States –
1. Edward Jones
Founded in 1922, Edward Jones is a financial service firm. It employs more than 17,000 financial advisors for focusing on the development of individual investors as well as small business owners.
Headquartered in St. Louis, Missouri, Edward Jones employs advisors who can provide fee-based or commission-based financial products.
2. Pinnacle Financial Partners
Founded in 2000 and headquartered in Nashville, Tennessee, it is a finance company that hosts various banks across the US.
Apart from financial experts and banking professionals, the management professionals can obtain an expandable career in a productive and healthy work atmosphere under the company.
3. Capital One
Headquartered in McLean, Virginia, and founded in 1994, it is a bank-holding organization that specializes in banking, credit cards, auto loans, and saving accounts.
With its presence in more than 700 locations, it conducts business in the US, UK, and Canada. Commercial banking, consumer banking, and credit cards are three major divisions of Capital One.
4. Berkshire Hathaway
Established in 1839 and located in Omaha, Nebraska, it is a financial conglomerate business that is known for investing in multiple companies in different industries.
In spite of investing in businesses from other industries, it is a productive financial media organization in the finance field which promotes entity and employee growth.
5. Bank Of America
It is a leading bank holding organization that acquires a wide and diverse market across as well as outside the US.
It has multiple banking subsidiaries along with non-banking subsidiaries internationally, that support its inclusive and diversely talented workforce over several locations.
6. Veterans United Home Loans
Established in 2002 and located in Columbia, Missouri, it is a finance company that offers VA loans. Along with veteran clients, the company focuses on consumers both online and in casually-administrated offices.
Located in Dallas, Texas, and established in 1986, it is a finance company that focuses on engagement with middle-market institutions, providing private banking, correspondent banking along with investment management to the clients.
8. Credit Acceptance
Established in 1972 and located in Spartanburg, Sound Carolina, it is a financial company that offers credit services to the dealers of automobiles for help in finance selling to the consumers.
The company works nationally for providing credit loans to businesses that are required to sell automobiles, along with providing opportunities to financial analysts for the growth of their careers in an opportunistic working atmosphere.
9. Fannie Mae
Originally established in 1938 and located in Washington D.C., it is a financial investment firm that provides financial services to individual consumers for helping with housing, mortgages, and finance products.
The company offers its financial employees a competitive and diverse working atmosphere with close teams.
Founded in 1812 and located in New York, New York, it is a financial service firm that offers financial aid internationally.
The company is focused on safeguarding assets, ensuring proper transfer, and protecting savings in several contexts, that includes during withdrawal.
Which Company Is Best For Finance Jobs
There are numerous well-established finance companies in the US, but there is not really a definite answer as to which company offers the best paying finance jobs. However, company size, culture, location, remuneration, and benefits are some considerable factors.
In accord with several employee reviews, here are some best finance companies that are amazing to work for –
- Defense Finance and Accounting Service
It is a finance and accounting service of the US Department of Defence (DoD). It mainly offers payment processing and financial management services for various defense organizations, military departments, and civilian agencies.
The company also offers centralized accounting, working capital funding administration, treasury management, disbursing, general finance and accounting services, and payroll in support of DoD.
- Obsidian Financial Services
This financial service company based in NYC offers different types of loans including FHA, USDA, jumbo, and VA, along with reverse mortgages. It is a well-reputed company in the US finance industry and is known as an excellent place for working.
The company offers flexible working hours that include lunchtime and evening shifts, and even a daycare on-site for the kids of the employees.
Moreover, the employees can get access to their Intranet Marketing Library including multiple training courses for helping in career advancement.
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- Discover Financial Services
Founded in 1986, this finance service company offers credit cards, investing products, banking, along with different financial tools to companies and individuals.
Headquartered in Riverwoods, Illinois, the company has over 17,000 employees. It offers the employees a team-based working environment and several perks, such as extensive insurance plans, paid time off, 401(k) retirement plans, etc.
- J.D. Mellberg Financial Services
It offers a number of services for retirement planning, that includes traditional IRA accounts, SEP IRA accounts, Roth IRA accounts, SIMPLE IRA accounts, and more.
In general, the employees of this company are satisfied with their jobs and say that it offers a rewarding employee experience by providing numerous opportunities for learning and developing your skills.
In addition, its salary rate is quite good, even for entry-level jobs.
- Modern District Financial
The experts of this company are financial partners whose job is to assist consumers with retirement preparations. It offers multiple types of services and programs to the customers, such as tax planning, investment advice, and estate planning.
Based in San Francisco, California, this finance service company is known for offering greater benefits, and its commitment to inclusion and diversity.
Financial Service Industry Regulations
Financial regulations are basically the rules and laws that the companies/firms operating in the industry of finance, like the banks, credit unions, financial brokers, insurance companies, asset managers, etc. that are needed to be followed or abided by.
There are multiple agencies that are assigned for regulating and overseeing the financial markets and financial firms in the United States, including the Federal Reserve Board (FRB), the Securities and Exchange Commission (SEC), and the Federal Deposit Insurance Corp. (FDIC).
Even though the effectiveness of the job of these regulatory entities gets questioned sometimes, each one was founded to offer sensible regulation of markets and safeguard the consumers and investors.
Each regulatory body has its own set of regulations and responsibilities, such as the Federal Reserve Board overseeing the commercial banking sector, whereas the Financial Industry Regulatory Authority and the Securities Exchange Commission monitor broker and stock exchanges.
In accord with the Federal Reserve Board, the financial regulations have two intended purposes – ensuring the safety and soundness of the financial system and providing and enforcing rules that are aimed toward the protection of the consumers.
Regulations help in ensuring that the banks have proper management, so they do not make bad investments or are too risky.
Top Companies In The Financial Sector In The United States
The finance sector in the United States is pretty big and diverse, which includes different types of companies providing a broad range of services. Here are some of the top finance companies belonging to the finance sector in the US –
Headquartered in Foster City, California, Visa was founded in 1958. It is a payment technology company that connects customers, merchants, and financial service organizations. It has revenue worth over 21 billion USD and assets worth over 276 billion USD.
Headquartered in Purchase, New York, Mastercard was founded in 1966. It is a payment technology company, and similar to Visa, it also connects customers, merchants, and other financial institutions.
The company has assets worth more than 264 billion USD and revenue worth more than 14 billion US dollars.
3. Bank of America
Headquartered in Charlotte, North Carolina, Bank of America is one of the oldest banks in the United States, as it has been around since 1904. It provides banking, investing, and lending services.
Bank of America is present in multiple locations in over 49 states and has more than 200,000 employees. The company has revenue worth over 90 billion USD and assets worth more than 2.2 trillion USD.
4. JP Morgan Chase
Headquartered in New York, New York, it is a financial service company that offers banking, lending, and investing services. The company has over 230,000 employees, revenue worth more than 105 billion USD, and assets worth over 2.7 trillion USD.
5. Morgan Stanley
It is one of the leading global investment banks and wealth management firms in the US, with more than 54,000 employees in over 35 countries. Morgan Staley is headquartered in New York City and was established in 1935.
The company has revenue worth over 36 billion dollars, and assets worth over 874 billion USD.
6. Wells Fargo
One of the leading companies in the finance industry in the United States, Wells Fargo was founded in 1852 and is headquartered in San Francisco, California. The company offers banking, investments, insurance, consumer finance, and mortgage.
It has over 264,000 employees, revenue worth over 85 billion USD, and assets worth over 1.8 trillion USD.
7. American Express
Founded in 1850, it is a multinational company that provides charge cards, credit cards, and travel-related services for consumers. It has revenues worth over 31 billion USD, assets worth over 170 billion USD, and over 10.8% market share.
8. E-Trade Financial Corporation
Founded in 1982, it is an American online discount stock brokerage company that provides electronic trading of stocks, mutual funds, bonds, ETFs, etc. Headquartered in NYC, this company has over 2.8 billion USD in revenue and over 55 billion USD worth of assets.
9. Charles Schwab
Established in 1971, it is a national finance organization that offers banking, investment, and retirement planning services. Headquartered in San Francisco, California, the company has assets worth 3.3 trillion and revenue worth over 11.3 billion USD.
1. What industries are in the financial sector?
The financial sector is made of several industries that typically range from banks, investment companies, consumer finance companies, mortgage lenders, real estate brokers, and even real estate investment trusts.
2. Which company is best to work for in finance?
A definite answer to this particular question cannot be provided due to the fact that it is completely dependent on your personal requirement and preference.
However, there are some companies in the finance field in the United States including Obsidian Financial Services, Modern District Financial, Discover Financial Services, Defense Finance, and Accounting Service, and J.D. Mellberg Financial – that are best to work for in finance.
The companies mentioned above can offer you amazing benefits, competitive remuneration, and opportunities for personal and professional development for career advancement.
To Sum Up
The answer to what companies are in the finance field can be broad because there are multiple finance companies out there that specialize in different areas of finance such as investment banking, accounting, or insurance.
Although there are differences in the type of businesses, they share the same goal – helping everyone in the management of their money in a certain way that is profitable and efficient.
Regardless of the type of finance organization you are looking for, there will definitely be one that fits your requirement. So, don’t worry, just do some thorough online research and ask around. With the wide availability of options, you will be sure to find the potentially best finance partner.
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