Wall Street Jobs Continue Migrating to Main Street America
Three areas of the country not usually associated with finance are emerging as financial markets centers - Salt Lake City, Seattle and the Raleigh-Cary region of North Carolina.
For example, Goldman Sachs' second largest office in North America is in Salt Lake City, and the Wall Street powerhouse plans to continue growing there. For job seekers, that could mean additional opportunities in investment research, investment management, compliance, operations, technology, human capital management and corporate services.
Moreover, Spencer Eccles, Executive Director of the Utah governor's Office of Economic Development, told eFinancialCareers that the state is working with two financial services firms he hopes will be expanding there in the next year. They'll be joining the Royal Bank of Scotland (RBS), which has already announced plans to add 260 employees, mostly technology professionals.
On the East Coast, Deutsche Bank, Credit Suisse and Fidelity are offering Wall Street opportunities in the neighboring cities of Cary and Raleigh, N.C. Deutsche Bank expects to add 300 jobs to the 160 financial markets employees already employed at its technology center in Cary. The bank says it will be looking for software developers with Java and Erlang experience as well as quality assurance and project managers.
In the West; Seattle-based Russell Investments, the creator of the Russell 2000 Index, sees the city as an emerging financial hub. Katie Beavan, Global Human Resources Officer, says Russell hopes to help gather a group of people who represent asset managers, banks, private equity, and venture capital.
So if you're looking to grow a financial markets career, add to your list these cities as they join an on-going migration of Wall Street jobs to Main Street locations:
- Salt Lake City with its views of snow-covered peaks and nearby world-class skiing
- Cary and Raleigh, N.C., with their proximity to some of the best universities in the country
- And Seattle, a city known for being one of the world's tech capitals as well as the birthplace of a blend of dark roasted coffee now found on street corners everywhere.
For more information you can download a copy of our white paper, "Unexpected Wall Street" by clicking here.