According to a new report in Forbes, St. Louis is among the top five cities in the country gaining jobs in the financial services sector. The industry employs 7.9 million in the U.S. according to Forbes and cities from Arizona to Texas, Tennessee, and Missouri are “stealing jobs from Wall Street.”
The report based on recent and long-term employment trends calculates 87,100 financial services jobs in the St. Louis metropolitan region in 2013 with 1.7% growth over the previous year. Forbes is bullish on the future of financial jobs, “Places like St. Louis, where the industry has grown and approaches critical mass, seem to be in position to make a serious bid for higher-end jobs.”
The top five cities with gains in finance jobs are:
1. Phoenix-Mesa-Glendale, Arizona
2. San Antonio-New Braunfels, Texas
3. Austin-Round Rock-San Marcos, Texas
4. Nashville-Murfreesboro-Franklin, Tennessee
5. St. Louis, Missouri-Illinois
Image: Bowling Green, Charging Bull by Wally Gobetz, Flickr Creative Commons