What Companies Are in the Finance Field?

  • Berkshire Hathaway, headed by Warren Buffett, is a well-known company with a market capitalization of $645.66 billion.
  • Charles Schwab is a financial services company founded in 1971 with its headquarters in Westlake, Texas.
  • PayPal, a fintech company headquartered in San Jose, California, was founded in 1998.

The finance industry is crucial in our lives, offering job opportunities with job security and high salaries. Some finance occupations are expected to grow at above-average rates over the next decade.

The financial services sector includes various types of financial services companies, not just stock trading and investment services. This sector is considered vital to many economies, with specialization and globalization being two current trends in the industry.

The industry has a vast number of companies, with over one million in the United States alone. These include institutions that operate locally, statewide, regionally, nationally, and globally. The following section provides details about some of the largest finance companies and where job applications can be submitted. You’ll get a detailed overview on What Companies Are in the Finance Field.

Berkshire Hathaway

Berkshire Hathaway, headed by Warren Buffett, is a well-known company with a market capitalization of $645.66 billion. Originally founded in 1839 as Valley Falls Company, Berkshire Hathaway was a textile manufacturing company before becoming a multinational conglomerate. Buffett became involved in 1962 and eventually assumed full control.

Berkshire Hathaway has a history of acquiring companies and achieving financial success. The conglomerate owns major insurance companies such as GEICO, National Indemnity, and General Re, making it one of the largest insurance companies in the U.S. Additionally, it has diversified its holdings to include real estate, transportation, furniture, jewelry, confectionery, newspaper publishing, retail, and utility industries.

Charles Schwab

Charles Schwab is a financial services company founded in 1971 with its headquarters in Westlake, Texas. Walter Bettinger is the current Chief Executive Officer of the company, which had a market capitalization of $138.40 billion as of August 2022.

The company gained recognition as America’s Largest Discount Broker in the 1970s when it helped launch the revolution in discounted brokerage commissions. Charles Schwab’s introduction of this change was widely welcomed by individual investors, which led to the opening of approximately 100 branches within a decade. It also began offering 24-hour quotes and extended customer service hours, and started researching what would become online services.

In 1983, Bank of America acquired Charles Schwab, but Chuck Schwab bought back the company in 1987 and subsequently took it public. Over the years, Schwab expanded its financial services to independent financial advisors and introduced financial products such as the Schwab 1000 Fund®, the No-Fee IRA, and Schwab Mutual Fund OneSource® service. In 1996, Schwab went live with web trading.

Today, Charles Schwab serves 33.9 million brokerage accounts with an average of 5.22 million daily trades, has $7.3 trillion in client assets, 1.7 million banking accounts, and serves approximately 15,000 independent advisor firms. The company has a workforce of 35,200 employees.


PayPal, a fintech company headquartered in San Jose, California, was founded in 1998. The payment system, led by CEO Dan Schulman, is a pioneer in the digital payment transformation and remains a leading member of the vanguard. PayPal provides a strictly online platform that allows individuals and businesses to make secure financial transactions through its payment portal. As of Q2 2022, the company has enabled 5.5 billion payment transactions and has 429 million active consumer and merchant accounts.

PayPal has formed many strategic partnerships with significant financial services companies, including Bank of America, Barclays, Citibank, HSBC, JPMorgan Chase, Visa, Wells Fargo, American Express, Discover, Mastercard, FIS, Paymentus, and Synchrony.

In 2019, PayPal became the first payment services company to be approved for online payment services in China, and it continues to expand its payment services platform worldwide. The company introduced Checkout with Crypto in 2021, ensuring secure payments using cryptocurrencies.

Goldman Sachs

Goldman Sachs Group, Inc. is a global financial institution that was founded in 1869 and is headquartered in New York, New York. Its CEO is David Solomon. The company’s mission is to support sustainable economic growth and financial opportunity. It offers a wide range of financial services related to investment banking, securities, investment management, and consumer banking to a diverse group of clients that includes individuals, corporations, other financial institutions, and governments.

The institution provides advice and services to organizations for various transactions such as mergers and acquisitions and financing. It also offers investment research that provides valuable insights and analysis for clients in the equity, fixed income, currency, and commodities markets. Furthermore, the company offers investment management solutions that involve all major asset classes.

Goldman Sachs partnered with Apple to launch the Apple Card, which was ranked number one in customer satisfaction by the J.D. Power 2022 U.S. Credit Card Satisfaction Study. 

Fannie Mae

Fannie Mae was established by Congress in 1938 to aid millions of World War II veterans and American families in financing housing during the Great Depression. Today, it stands as one of the top financial institutions in the United States, specializing in long-term, fixed-rate home loans.

The company provides a plethora of career opportunities in various fields, such as underwriting, property preservation, IT, and more. With over 50 offices spread throughout the United States, Fannie Mae employs more than 7,000 individuals.

What Is the Biggest Financial Services Company?

The rankings of the biggest financial services companies can change as market capitalizations fluctuate. Presently, Visa holds the top spot with a market capitalization of $430.20 billion, indicating its significant market presence among the world’s leading financial services companies.

What Is the Largest US Bank by Market Cap?

As market capitalizations can change frequently, the title of the largest U.S. bank is also subject to change. However, currently, JP Morgan holds the top position with a market capitalization of $338.47 billion, demonstrating its significant presence in the financial industry.
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