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Financial Services Industry Description

The Financial Services industry in Michigan 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. Michigan's financial services sector has been growing steadily over the years, with many companies expanding their operations in the state. One of the key drivers of growth in the financial services industry in Michigan is the state's strong manufacturing base. Many financial institutions have established a presence in Michigan to serve the needs of the state's large manufacturing companies. Additionally, Michigan's proximity to major financial centers like Chicago and New York City has made it an attractive location for financial firms looking to expand their reach. Michigan is home to several large banks, including Fifth Third Bank, Comerica Bank, and Chemical Bank. These banks offer a wide range of financial products and services, includ...

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828

COMPANIES

65.4 Billion

TOTAL VALUE

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Avg salary

Avg Salary in Financial Services

$89,805

AVG SALARY

top companies

Top Companies

COMPANY NAME INDUSTRY LOCATION REVENUE EMPLOYEES

Financial Services

United States, Michigan

1 Billion and Over

10001+

Financial Services

United States, Michigan

1 Billion and Over

10001+

Financial Services

United States, Michigan

1 Billion and Over

10001+

Financial Services

United States, Michigan

1 Billion and Over

10001+

Financial Services

United States, Michigan

500 Million to 1 Billion

10001+

Financial Services

United States, Michigan

1 Billion and Over

5001-10000

Financial Services

United States, Michigan

1 Billion and Over

5001-10000

Financial Services

United States, Michigan

250 Million to 500 Million

10001+

Financial Services

United States, Michigan

250 Million to 500 Million

10001+

Financial Services

United States, Michigan

250 Million to 500 Million

10001+

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employees

Segmentation by Number of Employees

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Industry + State Overview

The banking and finance industry in Michigan plays a crucial role in the state's economy. It encompasses a wide range of financial institutions, including commercial banks, credit unions, investment firms, and insurance companies. Michigan's banking sector is well-developed and highly competitive, with numerous national and regional banks operating in the state. These banks provide a range of services, such as personal and business banking, mortgage lending, and wealth management. They play a vital role in facilitating economic growth by providing capital to businesses and individuals. Credit unions also play a significant role in Michigan's financial landscape. These member-owned financial cooperatives offer similar services to banks but often with a focus on serving specific communities or industries. Credit unions in Michigan are known for their customer-centric approach and often offer competitive interest rates and lower fees. The investment industry in Michigan is vibrant,...

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FAQ

FAQs

The top Financial Services companies in Michigan are Quicken Loans, Acrisure and Ally. 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 828 of Financial Services companies in the US according to the latest CIENCE data.

The median revenue for Financial Services companies in the US is 7500000.

Yes, the Financial Services industry in Michigan is known for Financial Services as there are 828 companies in Michigan.

The average revenue for Financial Services companies in Michigan is 78935386.

You can find job opportunities in the Financial Services in Michigan 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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