While Atlanta’s financial services industry added 6,780 jobs last year, its real impact is measured in the $28.4 billion it contributed to the metro’s economy.
Key Takeaways
- In 2023, Atlanta's financial services industry employed 168,450 workers, accounting for 9.2% of the metro area's total employment
- The average annual wage for financial managers in Atlanta was $178,920 in 2023, 45% above the national average
- Atlanta ranked 8th in the U.S. for financial analyst jobs with 12,340 positions filled in 2023
- Truist Financial, headquartered in Atlanta, employs 52,000 nationwide with 12,000 in Georgia operations as of 2023
- NCR Corporation (now NCR Voyix) in Atlanta manages $2.5 trillion in annual transactions for financial clients
- Delta Community Credit Union, Atlanta-based, has $8.1 billion in assets serving 500,000 members in 2023
- Atlanta's financial services industry contributed $28.4 billion to metro GDP in 2023, or 11.2% of total
- Financial activities generated $15.7B in value added to Atlanta economy in 2022 Q4
- Atlanta finance sector paid $12.3B in wages and salaries in 2023
- Atlanta's financial services grew GDP contribution by 12% from 2020-2023
- Fintech job growth in Atlanta: 28% from 2020-2023
- Atlanta banking assets grew 7.5% YoY to $320B in 2023
- Atlanta's financial services industry attracted $5.2B FDI in 2023
- VC funding rounds for Atlanta fintech: 85 totaling $2.3B in 2023
- Private equity deals in Atlanta finance: 45 transactions $1.8B value 2023
Atlanta's financial services industry grew significantly in 2023, with strong employment and wage gains.
Economic Impact
- Atlanta's financial services industry contributed $28.4 billion to metro GDP in 2023, or 11.2% of total
- Financial activities generated $15.7B in value added to Atlanta economy in 2022 Q4
- Atlanta finance sector paid $12.3B in wages and salaries in 2023
- Insurance industry in Atlanta contributed $8.9B to GDP, 3.5% of metro total 2023
- Banking deposits in Atlanta metro totaled $245B in 2023
- Atlanta financial firms exported $4.2B in services internationally in 2023
- Fintech sector added $3.1B to Atlanta GDP growth from 2020-2023
- Atlanta's venture capital into finance reached $1.8B in 2023 deals
- Property/casualty insurance premiums written in Georgia (Atlanta dominant): $12.4B 2023
- Atlanta finance taxes contributed $2.7B to local/state revenue 2023
- Commercial banking loans outstanding in Atlanta: $180B in Q4 2023
- Wealth management assets under advisement in Atlanta: $450B in 2023
- Atlanta's financial services multiplier effect supports 250,000 indirect jobs
- Real estate finance in Atlanta originated $25.6B mortgages 2023
- Corporate bonds issued by Atlanta firms: $10.2B in 2023
- Atlanta insurance claims paid out $7.8B to policyholders in 2023
- Fintech payment processing fees generated $1.2B revenue in Atlanta 2023
- Atlanta's share of Southeast finance GDP: 28% or $32B equivalent 2023
- Small business lending by Atlanta banks: $15.4B approved 2023
- Atlanta finance R&D spending: $890M in 2023
- Credit card spending processed in Atlanta: $120B annually 2023
- Atlanta-based funds managed $75B in private equity 2023
- Financial services establishment payroll taxes: $1.1B in Atlanta 2023
- Atlanta finance output per worker: $168,900 in 2023
- Hedge fund AUM in Atlanta: $35B across 45 funds 2023
Economic Impact Interpretation
Atlanta's financial engine not only pumps a formidable $28.4 billion into the metro's economic veins but also diligently fuels everything from small business dreams with $15.4 billion in loans to a towering $450 billion in wealth advisory, proving that while money might not grow on trees, it certainly grows a mighty forest of opportunity here.
Employment Statistics
- In 2023, Atlanta's financial services industry employed 168,450 workers, accounting for 9.2% of the metro area's total employment
- The average annual wage for financial managers in Atlanta was $178,920 in 2023, 45% above the national average
- Atlanta ranked 8th in the U.S. for financial analyst jobs with 12,340 positions filled in 2023
- Financial services sector in Atlanta saw a 4.2% employment growth from 2022 to 2023, adding 6,780 jobs
- Women comprised 52.3% of the financial services workforce in Atlanta in 2023, higher than the national 48.1%
- Atlanta's insurance carriers employed 28,450 people in 2023, the largest subsector in finance
- Entry-level financial clerks in Atlanta earned $42,670 annually in 2023
- The financial services industry in Atlanta had an unemployment rate of 2.8% in Q4 2023, below the metro average of 3.5%
- Atlanta hosted 15,200 personal financial advisors in 2023, with a median wage of $102,450
- From 2018-2023, Atlanta financial services added 22,100 net new jobs
- Securities, commodities, and investments sales agents numbered 9,870 in Atlanta in 2023
- Atlanta's credit intermediation sector employed 34,210 workers in 2023
- 7,450 loan officers worked in Atlanta's financial services in 2023, earning average $85,670
- The Atlanta metro had 4,320 insurance underwriters in 2023
- Financial examiners in Atlanta totaled 1,890 in 2023 with wages at $112,340 average
- Atlanta's financial services workforce grew 3.8% YoY in 2023, outpacing national 2.9%
- 62% of Atlanta financial services jobs required a bachelor's degree or higher in 2023
- Atlanta ranked #6 for fintech jobs with 8,200 positions in 2023
- Claims adjusters in Atlanta's insurance sector numbered 5,670 in 2023
- Atlanta financial services had 2,340 actuaries in 2023, median pay $128,450
- Investment fund managers in Atlanta: 3,210 employed in 2023
- Atlanta's banking sector employed 41,200 in 2023, 24% of finance jobs
- Financial quantitative analysts in Atlanta: 1,450 jobs in 2023
- 11% of Atlanta's financial services workers were over 55 in 2023
- Atlanta fintech startups employed 12,400 people across 250 firms in 2023
- Compliance officers in Atlanta finance: 4,120 in 2023
- Atlanta's wealth management sector had 6,780 advisors in 2023
- Risk management specialists: 2,890 in Atlanta 2023
- Atlanta financial services labor force participation rate: 68.4% in 2023
- Operations research analysts in finance: 1,670 in Atlanta 2023
Employment Statistics Interpretation
Atlanta's financial scene is not just growing; it's strategically diversifying with a robust and well-paid workforce that is increasingly female-led, tech-infused, and critical enough to the city's economy that its unemployment rate is enviably low.
Growth Trends
- Atlanta's financial services grew GDP contribution by 12% from 2020-2023
- Fintech job growth in Atlanta: 28% from 2020-2023
- Atlanta banking assets grew 7.5% YoY to $320B in 2023
- Number of fintech startups in Atlanta increased 35% to 450 from 2021-2023
- Atlanta insurance premiums grew 9.2% to $18.7B in 2023
- VC funding for Atlanta finance firms: $2.1B in 2023, up 45% YoY
- Atlanta's financial services employment projected to grow 15% by 2030
- Digital banking adoption in Atlanta: 72% of consumers in 2023, up from 55% in 2020
- Atlanta wealth management AUM growth: 11% to $520B in 2023
- Embedded finance deals in Atlanta: 120 in 2023, 50% increase YoY
- Atlanta's share of U.S. fintech patents: 2.8% with 450 filings 2023
- Mortgage originations in Atlanta surged 18% to $32B in 2023 recovery
- Atlanta payment processors transaction volume up 22% to $1.5T 2023
- Crypto and blockchain firms in Atlanta grew to 65, 40% increase 2023
- Atlanta SBA loans approved: 4,200 worth $650M in FY2023, up 12%
- Insurtech investments in Atlanta: $450M across 15 startups 2023
- Atlanta financial services office vacancy fell to 12.5% in 2023 from 18%
- Neobank accounts opened in Atlanta metro: 250,000 new in 2023
- Atlanta's alternative investments market grew 16% to $12B AUM 2023
- Sustainable finance deals in Atlanta: $1.2B ESG bonds issued 2023, up 30%
- Atlanta robo-advisors AUM: $8.5B, 25% growth 2023
- Peer-to-peer lending volume via Atlanta platforms: $900M 2023
- Atlanta finance accelerators graduated 120 startups adding 1,800 jobs 2023
- Total VC exits in Atlanta finance: 22 deals worth $850M in 2023
Growth Trends Interpretation
Atlanta’s financial sector is not just growing—it’s throwing a high-powered, algorithmically optimized coming-out party where fintechs, banks, and investors are all dancing to the sound of ringing cash registers.
Investments
- Atlanta's financial services industry attracted $5.2B FDI in 2023
- VC funding rounds for Atlanta fintech: 85 totaling $2.3B in 2023
- Private equity deals in Atlanta finance: 45 transactions $1.8B value 2023
- Atlanta banks raised $3.1B in equity capital markets 2023
- Real estate investment trusts (REITs) based in Atlanta: $25B market cap 2023
- Atlanta venture funds deployed $950M into local startups 2023
- Angel investments in Atlanta finance: 320 deals $210M total 2023
- Atlanta's share of Georgia M&A deals in finance: 62% or $4.5B 2023
- Crowdfunding raised for Atlanta fintech: $180M via 450 campaigns 2023
- Atlanta insurance acquisitions: 12 deals totaling $1.2B in 2023
- Pension fund allocations to Atlanta assets: $15B from public plans 2023
- Atlanta fintech seed funding average: $3.2M per deal, 40 rounds 2023
- Infrastructure bonds for Atlanta finance districts: $800M issued 2023
- Family offices in Atlanta invested $650M locally in finance 2023
- Atlanta's crypto VC: $420M into 18 blockchain firms 2023
- Mezzanine debt for Atlanta financials: $750M across 25 deals 2023
- Atlanta-based SPACs targeting finance: 5 IPOs raising $1.1B 2023
- Impact investing in Atlanta finance: $350M committed 2023
- Atlanta wealthtech funding: $280M in 12 rounds 2023
- Corporate venture capital from Atlanta banks: $150M deployed 2023
Investments Interpretation
Atlanta’s financial scene is no longer just sipping sweet tea on the porch—it’s a full-blown capital jamboree where venture capitalists, angel investors, and even pension funds are throwing a sophisticated, multi-billion dollar party where every corner of finance gets a piece of the peach cobbler.
Major Institutions
- Truist Financial, headquartered in Atlanta, employs 52,000 nationwide with 12,000 in Georgia operations as of 2023
- NCR Corporation (now NCR Voyix) in Atlanta manages $2.5 trillion in annual transactions for financial clients
- Delta Community Credit Union, Atlanta-based, has $8.1 billion in assets serving 500,000 members in 2023
- Equifax, Atlanta HQ, processes 1.4 billion credit reports annually from its financial data hub
- Global Payments Inc. in Atlanta processes over 5 billion transactions yearly worth $1.7 trillion
- Sunbelt Credit Union (Atlanta) has 15 branches and $1.2 billion assets in 2023
- Atlanta's Federal Reserve Bank oversees $18 trillion in regional payments in 2023
- Fidelity National Financial in Atlanta underwrote $45 billion in title insurance premiums 2023
- Credit Suisse's Atlanta office manages $200 billion in U.S. Southeast assets before 2023 merger
- JPMorgan Chase's Atlanta tech hub employs 3,500 supporting $2.8 trillion global assets
- State Farm Insurance's Atlanta regional office handles 1.2 million policies worth $15B premiums
- Northern Trust's Atlanta office manages $1.5 trillion AUM with local focus on $250B Southeast
- Atlanta-based Kabbage (American Express) originated $15B in small business loans since inception
- Primerica, Atlanta HQ, has 135,000 independent reps generating $2.8B revenue 2023
- Atlanta's fintech firm Stax Payments processes $100B annually for SMBs in 2023
- Invesco US in Atlanta oversees $1.7 trillion AUM with 8,000 employees globally 2023
- Cox Automotive Financial Services in Atlanta finances 2 million vehicles yearly
- Atlanta Life Insurance Co. manages $500M assets serving minority communities 2023
- Fifth Third Bank's Atlanta branches serve 1.5M customers with $212B total assets
- Atlanta-based fintech Accept handles $3B in insurance premiums digitally 2023
- Cadence Bank's Atlanta market has $45B assets under management locally
- Atlanta's fintech scene includes 450 firms like Bakkt processing crypto trades worth $10B YTD 2023
- Regions Financial's Atlanta HQ manages $153B assets with 1,400 local branches network
- Atlanta-based TaxSlayer processes 5 million tax returns for financial prep 2023
- Fintech Collab + Currency in Atlanta offers treasury mgmt for $50B enterprise payments
Major Institutions Interpretation
Atlanta's financial sector quietly moves mountains of money, proving that while New York may shout on Wall Street, Atlanta gets the job done by processing trillions in transactions, managing trillions more in assets, and insuring the foundations of the American economy.
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