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Financial Services Industry Description

The Financial Services industry in Maryland is a significant contributor to the state's economy. It encompasses a wide range of businesses, including banks, credit unions, insurance companies, investment firms, and other financial institutions. Maryland's proximity to Washington, D.C., and its highly educated workforce make it an attractive location for financial services companies. The industry has been growing steadily in recent years, with many firms expanding their operations in the state. Maryland is home to several large financial institutions, including T. Rowe Price, Legg Mason, and M&T Bank. The state also has a thriving fintech sector, with companies like Bill Me Later and Social Solutions providing innovative financial services solutions. The industry is regulated by the Maryland Department of Labor, Licensing, and Regulation, which oversees licensing and compliance for financial services companies operating in the state. Overall, the Financial Services industry in Maryla...

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621

COMPANIES

42.8 Billion

TOTAL VALUE

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Avg salary

Avg Salary in Financial Services

$103,687

AVG SALARY

top companies

Top Companies

COMPANY NAME INDUSTRY LOCATION REVENUE EMPLOYEES

Financial Services

United States, Maryland

1 Billion and Over

5001-10000

Financial Services

United States, Maryland

1 Billion and Over

5001-10000

Financial Services

United States, Maryland

500 Million to 1 Billion

1001-5000

Financial Services

United States, Maryland

500 Million to 1 Billion

1001-5000

Financial Services

United States, Maryland

250 Million to 500 Million

1001-5000

Financial Services

United States, Maryland

250 Million to 500 Million

1001-5000

Financial Services

United States, Maryland

25 Million to 50 Million

10001+

M
medal Mlend

Financial Services

United States, Maryland

25 Million to 50 Million

10001+

Financial Services

United States, Maryland

250 Million to 500 Million

501-1000

Financial Services

United States, Maryland

250 Million to 500 Million

501-1000

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employees

Segmentation by Number of Employees

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Industry + State Overview

The banking and finance industry in Maryland is a significant contributor to the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, investment banks, and insurance companies. Maryland's strategic location, proximity to major financial centers like Washington D.C., and a highly educated workforce have played a crucial role in the growth and development of this industry. Commercial banks form the backbone of the banking sector in Maryland, providing a wide array of financial services to individuals, businesses, and government entities. These banks offer various products such as checking and savings accounts, loans, mortgages, and investment services. Some of the prominent commercial banks operating in Maryland include Bank of America, PNC Bank, and M&T Bank. Credit unions also play a significant role in the state's financial landscape. These member-owned financial cooperatives offer similar services to commercial banks ...

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FAQ

FAQs

The top Financial Services companies in Maryland are Transamerica, T. Rowe Price and DirectAxis. To view a full list of companies in this industry, please sign in to CIENCE GO Data.

The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.

There are approximately 621 of Financial Services companies in the US according to the latest CIENCE data.

The median revenue for Financial Services companies in the US is 2500000.

Yes, the Financial Services industry in Maryland is known for Financial Services as there are 621 companies in Maryland.

The average revenue for Financial Services companies in Maryland is 68996779.

You can find job opportunities in the Financial Services in Maryland through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.

The overall Financial Services industry main page is found here.

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