Finance – MSP Sector Analysis 2017 Q4 – TC – May 2018
Increasing Talent Mismatch, Employee Development Critical
The metro is a national hub for finance, and it is in need of clear pathways to leadership roles. Sector employment growth has started to taper off, averaging 1.8% from 2015-2017 with 211,795 employed in finance roles as of Q4 of 2017. Sector unemployment remains low at 2.4%, or about 4,797 unemployed finance workers. The expected average annual rate of employment growth in Finance and Insurance dropped slightly to 0.5% over the next three years, with growing excess of workers for entry-level roles and increasing gaps in managers and senior positions.