FINANCE AND INSURANCE

Financial and insurance related activities comprise the top sector of economic output in the Columbus
Region. From regional insurance providers to global banking enterprises, companies benefit from the
Region’s continuous growth and skilled talent pool.

NOTABLE FINANCE AND INSURANCE EMPLOYERS

COMPANY FTE
JPMorgan Chase & Co. 20,475
Nationwide 13,400
Huntington Bancshares Incorporated 5,052
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Alliance Data Systems Corporation 3,057
• Home to JPMorgan Chase’s second UnitedHealthcare 2,400
largest employment market in the Discover Financial Services 1,581
world and largest facility, which PNC Financial Services Group, Inc. 1,500
includes a Branch Innovation Lab CareWorks MCO 1,435
that shapes customers’ future of State Farm Insurance 1,350
branch experiences
Aetna Inc. 1,245
• More than 30 academic and
Fiserv, Inc. (CheckFree Corp) 1,000
vocational institutions with business,
State Auto Financial Corporation 963
finance and communication
Anthem Blue Cross and Blue Shield 899
programs, representing over 6,500
degree completions annually Grange Mutual Casualty Group 886

• Columbus Collaboratory, an Citigroup, Inc. 750

ecosystem of founding member Park National Corporation 718
companies—including Huntington Fifth Third Bank 702
and Nationwide—focuses on rapid Citi Fund Services Ohio, Inc. 690
innovation that delivers business Farmers Insurance Group 600
impact in advanced analytics and Motorists Mutual Insurance Co 581
cybersecurity for finance and Morgan Stanley 550
insurance, among other industries
Safe Auto Insurance Company 546
• Insurance carriers employ nearly
Century Insurance Group 300
30,000, giving a location quotient
CoverMyMeds 300
of 1.78

RECENT ANNOUNCEMENT

In Q4 2016, four leading financial service providers—BDO, Huntington,

Morgan Stanley and US Bank—announced expansions in the Columbus
Region that together will add more than 2,000 new jobs

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EDUCATIONAL PROGRAMS FINANCE AND INSURANCE OCCUPATIONS
EMPLOYMENT AND WAGES (COLUMBUS MSA)
Fifty-two college and university campuses
OCCUPATION JOBS AVG. HOURLY
educate over 134,000 students across the Columbus
RATE
Region, with top-ranked programs and partnerships to
ensure new talent for the finance and insurance industry. Customer Service 26,306 $16.12
Columbus State Community College recently Representatives
partnered with the Insurance Industry Resource Council Office Clerks, General 16,681 $16.25
and the State of Ohio to raise awareness of career
Bill and Account Collectors 3,987 $16.31
opportunities through the Insuring Ohio Futures program.
Columbus State—the largest community college in Ohio Bookkeeping, Accounting, 12,204 $19.63
and among the largest in the nation—also created its and Auditing Clerks
Foundations of Insurance certificate designed to ensure Insurance Claims and Policy 4,457 $19.66
a pipeline of entry-level talent for Columbus Region Processing Clerks
insurance companies. Loan Interviewers and Clerks 2,414 $20.01
Students learning at The Ohio State University’s
First-Line Supervisors of 9,290 $27.32
top-ranked Fisher College of Business and Denison
Office and Administrative
University’s recently launched global commerce
Support Workers
program—as well as both universities’ new data analytics
programs—are among those in the Columbus Region Insurance Sales Agents 3,149 $31.99
at the cutting edge of business education. A number Loan Officers 2,993 $32.72
of career and technical schools also offer IT as well as Insurance Underwriters 1,743 $33.38
management and business programs.
Financial Examiners 984 $34.19
Accountants and Auditors 10,490 $34.90
LABOR COSTS FOR FINANCE AND INSURANCE
Financial Analysts 2,877 $36.13
RELATED OCCUPATIONS
Credit Analysts 808 $36.28
METRO AREA JOBS AVG. HOURLY RATE
Information Security Analysts 1,119 $42.62
Phoenix 104,130 $29.96
Computer Systems Analysts 9,268 $44.53
Orlando 47,695 $30.17
Securities, Commodities, 1,824 $46.79
Indianapolis 45,399 $31.09
and Financial Services Sales
Nashville 43,767 $31.54 Agents
Columbus 57,472 $31.56 Actuaries 379 $47.24
Kansas City 52,856 $32.61 Software Developers, 11,131 $51.22
Dallas 190,375 $34.07 Applications
Atlanta 132,420 $35.34 General and Operations 11,896 $56.80
Denver 81,239 $36.48 Managers

Chicago 219,464 $38.01 Financial Managers 4,750 $64.62

Charlotte 64,095 $38.57 Personal Financial Advisors 1,145 $67.21

San Francisco 129,081 $47.18

New York 531,644 $51.70

Source: EMSI, 2018

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