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Business Resources > Understand the Local Economy > Finance Industry Sector Report

Finance Industry Sector Report


January 2019 — Labor Market Intelligence Center

Download a PDF version of this report for printing (PDF - 0.53MB)

The finance and insurance industry, bundled with accounting, makes up the 6th largest sector by employment in the DFW area, averaging 24,300 new hires per year.
Source: JobsEQ

About the Industry

The Accounting sector consists in providing services, such as auditing of accounting records, designing accounting systems, preparing financial statements, developing budgets, preparing tax returns, processing payrolls, bookkeeping, and billing. 

The Finance and Insurance sector compromises the transactions involving the creation, liquidation, or change in ownership of financial assets.

“In the Dallas-Plano-Irving area, the share of jobs in finance and insurance is higher than in the nation, state, and even New York.”
—U.S. Bureau of Labor Statistics Laurie Joseph/Staff Artist

Notable DFW Employers 

  • Fidelity Investments
  • Fannie Mae
  • Capital One
  • Federal Reserve Bank of Dallas
  • GM Financial
  • Goldman Sachs & Co
  • JP Morgan Chase
  •  TD Ameritrade

Source: BusinessWise

Recent Company Expansions in DFW

  • Liberty Mutual
  • Charles Schwab
  • Toyota Financial Services
  • J.P. Morgan
  • State Farm

Skills in Demand

While many occupations require technical training, employers have placed soft skills at the top of their priority list.

  • Project Management
  • Excel
  • SQL 
  • Financial Analysis
  • Accounting

Source: Burning Glass & LMIC Survey

DCCCD Program and Certificate Options

  • Mortgage Banking
  •  Accounting
  • Tax Preparation

Target Jobs

median wage is 57,639 a year

Target Jobs Wages

Loan Interviewers and Clerks
Bookkeeping, Accounting, and Audition Clerks
Billing and Posting Clerks
Bill and Account Collectors 
Securities, Commodities, and Financial Services Sales Agents
Loan Officers
Financial Analysts
Accountants and Auditors
Financial Managers
Source: Burning Glass
“From 2008 to 2018, Credit Card Issuing businesses experienced the strongest growth within the sector in the DFW region.”
—Source:  JobsEQ

For More Information

Contact Ben Magill, executive director, Labor Market Intelligence Center.

Ben Magill
Executive Director