Financial Services

Finance, insurance, or fintech? Detroit has you covered

Technology is turning finance on its head as the way the world spends money, moves currency and buys homes is changing by the minute. Building on a long-standing financial services industry, the Detroit Region provides the innovative ecosystem and high-tech talent companies you need to stay ahead of the competition.
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Financial Services Regional Facts

#5

Highest Financial Services Job Growth

Among Large U.S. Metros; Increasing 20% Over the Past 5 Years

#5
Top U.S. Metro for Banking-Related Talent

32,000 Workers in 2023

#1
State for Venture Capital Growth

$1.4 Billion VC Investments in Michigan in 2023

#4
Emerging FinTech Hub

Detroit Ranked Among U.S. Metros

6,999

Businesses in Banking, Consumer Insurance, and FinTech

 

$30 Billion

Financial Services GDP

In the Detroit Region in 2023

Wins & Testimonials

“The Huntington Bank headquarters brings jobs and banking services to the residents and businesses of Detroit–a city the company loves.”

– Gary Torgow, Chairman of the Board of Directors, Huntington Bank

“Detroit comes together as a city that’s open, diverse, and inclusive. A city that’s being redeveloped with opportunities for all residents and new Detroiters. A city that’s energizing, growing, and producing jobs for the region–where grit and hard work meets brains. Our mission has always been to raise the standard of living for all.”

– Dan Gilbert, Founder and Chairman, Rocket Mortgage

“For years, Detroit has been a source of inspiration and innovation for JPMorganChase when it comes to driving equitable and inclusive growth. We continue to invest in the city’s long-term success by opening more opportunities.”

– Jason Tinsley, Vice Chair, Michigan J.P. Morgan Private Bank

Detroit’s TCF Bank Merges with Huntington in $22B Deal

Fast Facts

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Growing Industry

Detroit is a hub for affordable and growing financial talent, with more than 97,000 workers.

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Downtown Ann Arbor

Higher Education Pipeline

The University of Michigan ranks #3 in the nation for undergraduate business degree programs and #8 for their graduate finance programs.
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Downtown Detroit

Home to Top Financial Hubs

The two #1 mortgage lenders in the United States–Rocket Mortgage and United Wholesale Mortgage–are headquartered in the Detroit Region.
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Our Location Connects You with Opportunity. Explore The Detroit Region for Yourself.

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Kent Spencer

Kent Spencer

Director of Site Selector Services

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