What Companies are in the Finance Consumer Services Field? | Top 20 Companies

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What Companies are in the Finance Consumer Services Field? Companies such as investment banking firms, money managers, brokerage houses, banks, lenders, insurance, tax and accounting firms, and credit card issuers all provide finance consumer services. The finance consumer covers a diverse range of firms. Furthermore, they are regarded as one of the most important sectors of the economy.

According to projections, the finance consumer industry will be valued at $6.0 trillion by 2023. In 2023, the market is estimated to grow by 0.2%. Two contemporary trends currently characterize the financial services industry. One example is specialization, in which businesses provide customers with specific services. The other is globalization into developing and emerging market countries.

Overview of the Finance Consumer Services Field

The financial services industry supports the country’s economy. As such, they offer a variety of financial services to both consumers and businesses. This sector facilitates the flow of cash worldwide, a crucial aspect of daily living.

The financial services industry facilitates various financial transactions necessary for an economy to run properly. For example, the banking industry makes deposits into checking and savings accounts and gives customers loans.

Finance consumer services comprise a wide range of jobs requiring formal and informal education. The most attractive feature of this industry is how profitable it is. According to the US Bureau of Labor Statistics (BLS), specialists in this field earn an average annual salary of $41,950.

The consumer financial services job projection is also positive. BLS projects that employment in this area is expected to grow by 8% between 2020 and 2030.

Types of Finance Consumer Services Companies

Some types of financial companies that exist today include:

  • Banks
  • Credit unions
  • Insurance companies
  • Investment companies
  • Brokerage firms
  • Sales finance and consumer finance companies


Different types of banks provide similar services to different people. They range from retail to Community development banks. Most banks offer similar services like Checking, savings, and money market accounts.

Banks profit from the difference between the interest rates they pay on deposits and the interest rates they get on loans. A bank may also profit from account fees and other commissions.

Credit Unions

Banks and credit unions provide similar services. The difference is that customers in credit unions have control over certain services provided to them.  Many credit unions no longer require membership because they have relaxed restrictions to allow more individuals to access their services.

The major difference is that credit unions are not-for-profit, whereas banks are for-profit. Credit unions make money on interest rates and fees. However, they little profit to operate and thus offer lower interest rates than banks.

Insurance Companies

These are financial institutions that enable people to transfer risk. Individuals pay money for coverage that protects them in a variety of situations. Situations like disability, accident, death, or property damage are perfect examples.

Premiums, administrative costs, and marketing are how insurance firms make money.

Investment Companies

An investment firm invests client funds in financial assets. On the other hand, an investment bank connects buyers and sellers of financial assets but does not invest in them.

Investment firms generate revenue by charging investors a percentage when they acquire and sell assets. Examples of such assets are real estate, stocks, and bonds.

Brokerage Companies

Brokerage firms provide a variety of financial services to people and businesses. These services range from buying and selling securities to real estate investing.

A brokerage firm differs from a bank because brokers help their clients create passive revenue streams. These companies generate revenue by charging fees and receiving commissions on each action.

Sales Finance and Consumer Finance Companies

When customers seek to finance goods or services, sales finance organizations make loans available through dealers. Consumer financing businesses, on the other hand, make loans directly to consumers for those items.

Like many other financial organizations, sales, and consumer loan companies make money by charging interest.

Top 20 Companies in the Finance Consumer Services Field

1, Berkshire Hathaway

Berkshire Hathaway Homepage

Size: 372,000 employees

Headquarters: Omaha, NE

CEO: Warren Buffet

Market Capitalization: $496 billion

What Companies are in the Finance Consumer Services Field? Berkshire Hathaway easily tops our list. Berkshire Hathaway is an American multinational conglomerate holding business. This suggests that it is a corporation comprised of numerous smaller firms.

It is one of the world’s largest publicly traded firms, with subsidiaries in insurance, manufacturing, energy, and various other industries. Well-known companies like GEICO, Dairy Queen, Fruit of the Loom, and Duracell are among its subsidiaries. However, the majority of Berkshire Hathaway’s subsidiaries are insurance companies. Berkshire Hathaway has 11 offices and retail locations around the United States.

2, Wells Fargo

Size: 260,000 employees

Headquarters: San Francisco, California

CEO: Charles Scharf

Market Capitalization $169.345 billion

WFC is a multinational financial services corporation operating retail and commercial banks. The company is one of the major banks in the United States by market capitalization and one of the top 100 corporations in the United States.

This bank has branches all around the country.  It has offices in Hong Kong, London, Singapore, and Tokyo. Currently, the company provides banking, credit card, loan, mortgage, and other financial services to over 65 million consumers worldwide. Wells Fargo Advisors, Abbot Downing, Wells Capital Management, and Evergreen Investments are all subsidiaries of Wells Fargo.

3, JPMorgan Chase and Co.

Size: 240,000 employees

Headquarters: New York, NY

CEO: Jamie Dimon

Market Capitalization: $411,62 billion

JPMorgan Chase is a worldwide banking and investment corporation. It provides various financial services, including credit cards and lending. It is one of the oldest financial institutions in the United States, dating back to The Manhattan Company in 1799.

The firm now manages over $2.6 trillion in client assets, operates in over 100 countries, and serves more than 66,000,000 households. JPMorgan Chase has more than 40 subsidiaries, the most well-known of which are Chase Bank, J.P. Morgan Co., and WePay.

4, Citigroup

Size: 220,000 employees

Headquarters: New York, NY

CEO: Jane Fraser

Market Capitalization: $162 billion

Citigroup is a financial holding firm that provides financial assistance and investments to domestic and international clients. It has 14 subsidiaries, including the well-known consumer bank Citibank.

The company services a vast international consumer base in 160 countries and territories. It has over 97 offices in these countries and over 100 million customers. It is the world’s largest credit card issuer and is most prominent in Mexico and Asia.

5, Brookfield Asset Management

Brookfield Asset Management Homepage

Size: 180, 000 employees

Headquarters: Toronto, Canada

CEO: Bruce Flatt

Market Capitalization: $50 billion

Brookfield Asset Management is a global asset manager specializing in renewable energy and infrastructure. They hope to reduce the risk for clients and stockholders through their services while generating long-term returns.

Brookfield has a global footprint and maintains a huge and diverse portfolio of over $500 billion in assets. The company operates in  North America, Europe, South America, and Asia. Brookfield also creates long-term value for its investors by acquiring and managing high-quality assets.

6, Bank of America

Size: 165,000 employees

Headquarters: Charlotte, NC

CEO: Brian T. Moynihan.

Market Capitalization: $236 billion

Bank of America is a bank holding firm with a wide customer base. Its customer base ranges from individuals to major organizations and governments. It offers various banking, investment, and risk management products and services.

Bank of America now serves around 66 million customers in over 35 countries. Its subsidiaries include Merrill Lynch, BofA Securities, and Balboa Insurance Company.

7, State Farm

Size: 97,000 employees

Headquarters: Bloomington, IL

CEO: Michael L. Tipsord

Market Capitalization: N/A

State Farm is a major car, property, and casualty insurance provider. It also provides various types of insurance and some financial services, such as banking and investment management.

The company employs over 19,000 independent contractor agents and services 83 million policies and accounts in the United States. This company has several subsidiaries. They include State Farm Insurance Company, State Farm General Insurance Company, and State Farm Bank, F.S.B.

8, Morgan Stanley

Size: 60,000 employees

Headquarters: New York, NY

CEO: James Gorman

Market Capitalization: $120 billion

Morgan Stanley is an international financial service and investing corporation. They collaborate with customers, businesses, and governments all across the world. They are primarily involved in investment and wealth management.

The company now manages $715 billion in assets on behalf of its clients and has offices in 35 countries.   On the other hand, the Morgan Stanley Building on Broadway in New York City is the firm’s most recognizable location. E-Trade, Morgan Stanley Dean Witter Online, Inc., and Graystone Consulting are among the company’s many subsidiaries.

9, American Express

Size: 59,000 employees

Headquarters: New York, NY

CEO: Stephen Squeri

Market Capitalization: $118.97 billion

American Express (AXP) is one of the country’s oldest financial institutions. The company has concentrated its efforts on credit card services, launching various co-branded cards with hotels. It also offers additional travel services such as traveler’s checks and has entered the prepaid card market.

American Express has approximately 114.4 million cards worldwide and operates in over 130 countries. The company’s locations, which include offices, call centers, and ATMs, are a mix of company-owned and franchised.

10, Capital One

Capital One Homepage - What Companies are in the Finance Consumer Services Field?

Size:  50,800 employees

Headquarters: McLean Virginia

CEO: Richard Fairbank

Market Capitalization: $44.08 billion

This financial institution provides credit cards, consumer banking, business banking, and auto loans. The company has also played a significant role in the emergence of credit cards.

Capital One is the country’s fifth-largest credit card issuer, with operations in the United Kingdom, Canada, and the United States.

11, Edward Jones

Size: 50,000 employees

Headquarters: St. Louis, MO

CEO: Edward Jones

Market Capitalization: N/A

Edward Jones is a Jones Financial subsidiary that helps with investments and retirement planning. People recognize Edward Jones for its financial advisors who develop individual relationships with each customer.

Edward Jones employs over 17,000 financial advisors who serve over 7 million clients in the United States and Canada. The firm operates through a network of offices, each serving as a local office for its financial advisors.

12, Goldman Sachs

Size: 43,000 employees

Headquarters: New York, NY

CEO: David Solomon

Market Capitalization: $111 billion.

Goldman Sachs Group, Inc. is a multinational financial corporation. It provides financial services relating to investment banking, securities, and investment management to promote long-term economic growth and financial opportunity. Goldman Sachs provides advice and services to businesses in the areas of mergers and acquisitions, financing, and other activities.

The company employs about 40,000 people and operates over 40 foreign offices and subsidiaries. They include  Goldman Sachs Bank USA, Goldman Sachs Capital Partners, Ayco, Marcus by Goldman Sachs, and Goldman Sachs Personal Financial Management.

13, MetLife

Size: 43,000 employees

Headquarters: New York, NY

CEO: Michel A. Khalaf

Market Capitalization: $44 billion

Metropolitan Life Insurance Firm (MetLife) is primarily a life insurance company that provides products through employers. However, it also offers insurance to consumers, businesses, and governments.

MetLife, Inc. provides insurance, retirement, and savings services to clients in over 40 countries. Families, governments, and corporations from the Americas, Asia, Europe, the Middle East, and Africa are among the company’s clients.

14, Prudential Financial

Size: 40,000 employees

Headquarters: Newark, NJ

CEO: Charles F. Lowrey

Market Capitalization: $34 billion

Prudential Financial is a financial services company that provides insurance, mutual funds, annuities, and other products. Its subsidiaries provide consumers and other entities with services such as retirement planning, insurance, and investments.

Prudential also operates in asset management and real estate investment management. The corporation serves millions of clients worldwide and operates in the United States, Asia, Europe, and Latin America.

15, Rocket Mortgage

Rocket Mortgage Homepage

Size: 24,000 Employees

Headquarters: Detroit, Michigan

CEO: Jay Farner

Market Capitalization: $18.96 billion

Rocket Mortgage is the largest mortgage lender in the United States. It employs a digital platform and smart technology to make it easier for customers to secure mortgages. Rocket Mortgage pioneered the use of internet mortgage lending. It provides an online application procedure for tracking loans.

According to Inside Mortgage Finance, Rocket Mortgage is the country’s fifth-largest mortgage servicer. Currently, the company has a portfolio of more than $467 billion in serviced loans as of 2021.

16, PayPal

Size: 22,000 employees

Headquarters: New York, NY

CEO: David Solomon

Market Capitalization: $116.32 billion

PayPal was one of the first fintech firms. It is still a pioneering member of the digital payment transformation’s vanguard. Its entirely online platform allows people and organizations to conduct secure financial transactions via its payment site.

As of 2022, it has 429 million active consumer and merchant accounts and has processed 5.5 billion payment transactions. Because the majority of its services are provided online, the company does not have physical outlets. PayPal has a wide and diverse global consumer base.

17, Fannie Mae

Size: 7,400 employees

Headquarters: Washington, DC

CEO: Steven J. Boland

Market Capitalization: N/A

Fannie Mae is a government-sponsored mortgage servicing firm. Fannie Mae’s mission is to help more Americans afford housing by providing a secondary mortgage market. This company buys mortgage loans so that lenders can make more loans to homebuyers.

Freddie Mac manages $2.063 trillion in assets while working to maintain the US housing market. This increases the number of loans that lenders may make, allowing more homeowners to purchase a home.

18, Freddie Mac.

Size: 6,800 employees

Headquarters: McLean, VA

CEO: David Brickman.

Market Capitalization: $7 billion

The Federal Home Loan Mortgage Corporation (FHLMC) is another name for the Federal Home Loan Mortgage Corporation (FHLMC). It was established by the Emergency Home Finance Act to extend mortgage options in the United States. It is unique in that it is both publicly traded and government-sponsored.

MetLife, Inc. provides insurance, retirement, and savings services to clients in over 40 countries. Families, governments, and corporations from the Americas, Asia, Europe, the Middle East, and Africa are among the company’s clients.

19, PrimeLending

Size: 3,300 employees

Headquarters: Dallas, TX

CEO: Steve Thompson

Market Capitalization: N/A

PrimeLending is a mortgage lender in the United States that offers a variety of lending alternatives, including jumbo, refinancing, and conventional loans. They are a PlainsCapital Bank affiliate with over 200 offices in the United States.

PrimeLending has over 400 branches and loan production offices across the country. These outlets provide a diverse customer base, including first-time homebuyers, move-up buyers, and refinancers.

20, Pinnacle Financial Partners

Pinnacle Financial Partners - What Companies are in the Finance Consumer Services Field?

Size: 2,500 employees

Headquarters: Nashville, TN

CEO: M. Terry Turner.

Market Capitalization: $6.14 billion

What Companies are in the Finance Consumer Services Field? Pinnacle Financial Partners is the last on our list with a market capitalization of $16.4 billion. Pinnacle Financial Partners is a financial holding company that operates Pinnacle Bank as a subsidiary. It provides various financial services, such as banking, trust, insurance, and mortgage goods and services. These services are available to both businesses and consumers.

Pinnacle Financial Partners had around $30 billion in assets and served clients through a network of about 235 offices. These offices are all over Tennessee, North Carolina, South Carolina, and Virginia.

What Companies are in the Finance Consumer Services Field? | Top 20 Companies

Company Number of Employees Headquarter Market Capitalization
Berkshire Hathaway


372,000 Omaha, NE $496 billion
Wells Fargo


260,000 San Francisco, California $169.345 billion
JPMorgan Chase and Co.


240,000 New York, NY $411,62 billion
Citigroup 220,000 New York, NY $162 billion
Brookfield Asset Management 180, 000 Toronto, Canada $50 billion
Bank of America 165,000 Charlotte, NC $236 billion
State Farm 97,000 Bloomington, IL N/A
Morgan Stanley 60,000 New York, NY $120 billion
American Express 59,000 New York, NY $118.97 billion
Capital One 50,800 McLean, Virginia $44.08 billion
Edward Jones 50,000 St. Louis, MO N/A
Goldman Sachs 43,000 New York, NY $111 billion
MetLife 43,000 New York, NY $44 billion
Prudential Financial 40,000 Newark, NJ $34 billion
Rocket Mortgage 24,000 Detroit, Michigan $18.96 billion
PayPal 22,000 New York, NY $116.32 billion
Fannie Mae 7,400 Washington, DC N/A
Freddie Mac. 6,800 McLean, VA $7 billion
PrimeLending 3,300 Dallas, TX N/A
Pinnacle Financial Partners 2,500 Nashville, TN $6.14 billion


How to Get a Job Offer from Companies in the Finance Consumer Services

Obtaining a job offer from a banking or consumer services company takes a combination of talent, preparation, and work. Here are six ways to get a job offer from companies in the finance consumer service.

1, Improve your technical abilities.

Develop a solid understanding of finance, economics, mathematics, and data analysis, as they are the most important technical skills.

2, Network

Network by attending industry events and joining professional organizations. Also, reach out to people in your network who work in finance and consumer services to make connections. This can assist you in learning more about the industry and possible work prospects.

3, Highlight the most relevant skills in your CV and Cover Letter.

Adapt your resume and cover letter to the exact firm and role for which you are applying. Make sure to demonstrate how your abilities and experience correspond to the job requirements.

4, Ace the interview.

Prepare for the interview by researching the firm and the position. Also, practice answering common interview questions. Prepare to discuss your technical abilities and your passion for the finance consumer service field.

5, Show your passion

Companies in this profession frequently seek people who are enthusiastic about finance and consumer services. Thus, make sure to express your passion for the industry throughout the interview process.

5, Follow up

Send a thank-you note to the interviewer and follow up with them to convey your interest in the position.

What Companies in the Finance Consumer Services Field Look For When Hiring?

10 valuable skills and qualities finance consumer services companies look for when hiring.

1, Technical skills

Companies in this profession frequently seek applicants with good technical skills. Technical finance, economics, mathematics, and data analysis skills are must-haves.

2, Financial Skills

Another requirement for a career in this field is solid financial skills. Employers typically look for skills relevant to a specific position. For example, a financial analyst is expected to have financial skills. These skills range from budgeting to risk management

3, Ability to tackle problems creatively and analytically

Candidates who can think creatively and analytically to solve complicated problems are highly valued.

4, Strong communication skills

Companies need employees who can articulate their ideas simply and effectively. Good communication skills, both in the written and verbal form are, a key skills employers look out for.

5, Attention to detail

Companies frequently want careful people who pay close attention to detail, given the importance of accuracy in banking and consumer services.

6, Customer service orientation

Many finance and consumer service organizations place a high value on customer service. Thus, they seek applicants with experience in this area.

7, Teamwork

Because many banking and consumer service organizations work in teams, they may seek team players who can collaborate well with others.

8, Adaptability and flexibility

Because this industry is susceptible to rapid change and growth, employers frequently want adaptive and flexible people who can swiftly adjust to new technologies and processes.

9, Industry Knowledge

Candidates with in-depth knowledge of the finance and consumer services industries and current trends are highly valued.

10, Relevant experience

Companies frequently prefer applicants with prior experience in finance, consumer services, or other comparable fields.

Frequently Asked Questions

What is the biggest finance consumer services company?

The biggest finance consumer services company is Berkshire Hathaway. This company has over revenue of $282.305 billion.

What is the largest U.S. Bank by market capitalization?

JP Morgan is the largest bank in the United States, with a current market valuation of $338.47 billion.

What are examples of finance consumer services?

Examples of finance consumer services include personal banking, investment services, insurance services, payment services, and credit reporting services. Other examples include, debt management services, tax preparation services, money transfer services, budgeting and financial planning services, and wealth management services.

Conclusion: What Companies are in the Finance Consumer Services Field? | Top 20 Companies

What companies are in the finance consumer services field? Companies such as investment banking firms, money managers, brokerage, etc., come under this field.

We can all conclude that the finance consumer service field is very important to the economy. Moreso, there is a projected growth in the sector, especially with the impact of technology.


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