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SALT LAKE CITY — Utah's capital city is known for many things, including its many historic tourist attractions and scenic mountain views, but it is also being recognized as a key financial locale.
Salt Lake City was cited by eFinancialCareers.com — an online job and recruitment website — as one of three key U.S. metro areas in a article titled, "Unexpected Wall Street." Also named on the list are Seattle and Raleigh-Cary, NC.
"Today, Utah is leveraging its industrial banking heritage to bring a diverse mix of financial markets positions to Salt Lake City," the article said. "Wall Street powerhouse Goldman Sachs continues to invest in Salt Lake City, which hosts the company’s second largest office in North America with more than 1,150 employees."
Utah has a robust business environment and infrastructure, said David Lang, managing director and head of the Salt Lake City office for Goldman Sachs.
“This region is an important part of our business and we are proud to be expanding and building out more opportunities here," Lang said. "The strong talent pool is a validation of our growth here.”
The Royal Bank of Scotland also announced it will be expanding operations in Utah this year, adding 260 employees with an emphasis on recruiting technology professionals. Meanwhile, the Governor’s Office of Economic Development has chosen financial services as an industry that it believes can create high-paying jobs for Utah residents. GOED expects these positions will pay about 125 percent of the Salt Lake County’s median salary.
According to data from the Bureau of Labor Statistics, approximately 48,000 Wasatch Front residents work in financial services, a 7 percent increase over the past decade.
