Financial Services
-
NAICS 5241, 5416, 5221, 5614
Sales Sheet Download [PDF 492K]
Northeast Indiana has a long history with the financial services industry. In fact, over one hundred years of insurance history and expertise leave our region well-placed for the successful expansion of existing Indiana companies in the financial services industry and exciting growth for new or relocating Indiana companies.
Indiana companies are well-positioned to meet any goal. Just ask financial services industry giant, the Lincoln Financial Group, founded and established in Fort Wayne, Indiana in 1905, now a successful and respected National entity.
American Specialty Insurance, Benicomp Group, Medical Protective, Aetna U.S. Healthcare, Aon, K & K, Brotherhood Mutual, and Swiss Re all find a place in Northeast Indiana's financial services industry. They chose to become Indiana companies for our proximity to major metros, our comprehensive fiber optic infrastructure, compliments of Verizon, and our smart workforce, of which the financial services industry employs over twelve-thousand people.
| Major Employers |
| Lincoln Financial Group |
1,750
|
| Wells Fargo |
512
|
| STAR Financial Group |
387
|
| Aetna |
315
|
| Medical Protective Company |
294
|
| K&K Insurance Group, Inc. |
275
|
| Brotherhood Mutual Insurance |
252
|
| Swiss Re |
250
|
| J.P. Morgan Chase |
235
|
| Three Rivers Federal Credit Union |
220
|
| MidWest America Federal Credit Union |
187
|
| Ash Brokerage Corp. |
181
|
| 1st Source Bank |
180
|
| Tower Bank |
179
|
| National City Bank |
175
|
| Grabill Bank |
162
|
| Old National Insurance |
95
|
| Crowe Horwath LLP |
95
|
| American Speciality Insurance and Risk |
80
|
Indiana companies specializing in financial services are varied in their purpose and expertise. The Indiana financial service industry encompasses regional banking centers, back-office support organizations, customer service centers, retirement plan services and insurance services that span across commercial insurance, re-insurance and specialty insurance. The Northeast Indiana region is also home to several of the top pension plan administrators and consultants in the Nation.
Northeast Indiana is perfectly situated for Indiana companies in the financial services industry. We're home to thousands of workers trained in valuable financial services industry skills. We're well-positioned between major metropolitan areas such as Indianapolis and Chicago. And, we have a long history of success with the Northeast Indiana financial services industry.
| Annual Average Wages By Occupation, 2008 |
|
NEI
|
U.S.
|
NEI/U.S.
|
|
Management
|
$87,400
|
$100,310
|
87.1%
|
|
Business & Financial Operations
|
$53,876
|
$64,720
|
83.2%
|
|
Computer & Mathematical
|
$63,769
|
$74,500
|
85.6%
|
|
Life, Physical, & Social Science
|
$47,340
|
$64,280
|
73.6%
|
|
Legal
|
$71,053
|
$92,270
|
77.0%
|
|
Arts, Design, Entertainment, Sports, and Media
|
$35,079
|
$50,670
|
69.2%
|
|
Healthcare Practitioner and Technical
|
$59,835
|
$67,890
|
88.1%
|
|
Building and Grounds Cleaning and Maintenance
|
$24,413
|
$24,370
|
100.2%
|
|
Sales and Related
|
$33,170
|
$36,080
|
91.9%
|
|
Office and Administrative Support
|
$29,420
|
$32,220
|
91.3%
|
Source: Bureau of Labor Statistics, OES and Indiana DWD
View Financial & Insurance Services-Northeast Indiana in a larger map
With 13 colleges and universities offering business degrees in northeast Indiana and an enrollment of over 30,000 students, an educated workforce is available and qualified. Annually, more than 1,100 students receive bachelor degrees in accounting, finance or MBAs, with an additional 400 receiving associate degrees or certifications in accounting. Below are just a few of the specialized training available in northeast Indiana to help serve the financial and insurance services industry:
IVY TECH // IVY Tech has one main campus in northeast Indiana, with classes offered in other cities, and enrolls more than 7,000 students annually within the region.
MANCHESTER COLLEGE // Four-year students pass the CPA exam at twice the national rate and 50 percent pass on the first try. Many students who score in the top 10 from Indiana received their education from Manchester College located in Huntington County.
IPFW // The Institute for Pension Plan Management was established at IPFW in 2007. The Institute will serve a currently unmet need by supporting local, regional, and national retirement plan and employee benefits providers through education, training, credentialing, research, and technical support.
Indiana is one of only a handful of states with three universities offering insurance and actuarial degrees: Purdue University, Indiana University and Ball State University.
INSPIRE // Indiana Specific Insurance Related Education covers training costs for insurance recognized training and can be matched up to 50 percent by the Indiana Economic Development Corporation.
Contact NEIRP for more information on how your company can grow and succeed in Northeast Indiana.