Let’s talk about Top 5 Cities in USA to start Career in Finance. Finance jobs are one of the jobs found in almost every city around the world. The importance of building a career in finance cannot be overemphasized. But the fact remains that some cities offer more potential than others. In this article, we are going to itemize some major cities in the USA that offer more potential when it comes to starting a career in finance.
The average pay for a financial professional in 2022 in the United States according to Indeed.com is $89,966.
Top 5 Cities in USA to start Career in Finance
We would be looking at some factors that come with working and living in cities. Some of the factors include the cost of living, weather, language requirements, and many others.
Here are the Top 5 Cities in USA to start Career in Finance.
1. Chicago, Illinois
Chicago is a city in the United States that houses the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME) making it a one-stop for finance and trading activities.
Major industry and banks have their offices in Chicago, Illinois and this makes it one of the top cities in the United States to start a career in finance.
The major language requirement in Chicago is English and the average cost of living in the city is $2,270 for a monthly rent of a 1- bedroom apartment in the city.
Chicago city has a very lively and fun nightlife activity as well as an amazing sports team.
Boston is home to one of the leading money management industries called Fidelity Investments and Putman Investments. The job market for investment banking and trading is on the high side and also very stable.
Boston is one of the places businesses can thrive and even survive during the economic recession period. Residents living in Boston are passionate about their football team which has had major success in the past year.
It’s also a destination for non-stop relaxation centers such as its beaches and mountains. Residents can expect to pay a monthly rent of $3000 for a 1-bedroom apartment.
3. New York
New York City is considered the finance capital of the world. It houses many investment banks such as Goldman Sachs and Morgan Stanley which have their headquarters in the city.
This also includes banks like Citigroup and JPMorgan Chase. The bottom line is many financial institutions have their presence in New York. New York City is a very large city that has loads of job opportunities in the financial sector, but Wall Street still remains the place to be.
The cost of living in New York City is about $3,314 per month for a 1-bedroom apartment, and the language requirements still remain English, even though there is some diversity in terms of language and ethnicity.
The City that never sleeps is home to loads of fun centers such as museums, clubs, sporting arenas, etc.
4. San Francisco, California USA
The average cost of living in the United States per month is about $3,503 for a 1-bedroom apartment. San Francisco is the finance capital of the United States and there are many finance and banking firms such as Charles Schwab and Franklin Templeton Investments.
San Francisco also has a particular interest in the technology sector being so close to Silicon Valley. It is home to amazing places such as beaches and parks. It has a moderate temperature and foggy atmosphere at times. The language requirement for living in San Francisco is still English.
5. Los Angeles
Los Angeles is a city with a large presence of financial institutions, insurance, and exchanges. It’s home to a large financial center where important activities occur.
The average cost of living in Los Angeles is about $3,400 per month for a 1-bedroom apartment. It provides a wonderful experience for job seekers looking to work and live in the city.
All the cities discussed in this article provide possibilities for job seekers. And you would find that there are many options to select from. But what should be a major decider is the cost of living.
When you are applying for a job in any of these cities, you should consider living expenses, transportation, and also feeding expenses.