Financial Services
Fort Wayne and Allen County have a long history with the financial services industry from insurance to general banking.
Several notable companies, including Lincoln Financial Group and Ash Brokerage, were founded in Fort Wayne. With over one hundred years of insurance history and expertise Fort Wayne and Allen County are well-placed for the successful expansion of existing Indiana companies in the financial services industry and exciting growth for new or relocating Indiana companies.
In addition, Medical Protective, Aetna U.S. Healthcare, K & K, Brotherhood Mutual, and Swiss Re all find a place in Fort Wayne and Allen County's financial services industry. These companies benefit from our proximity to major metros, our comprehensive fiber optic infrastructure, compliments of Verizon, and our smart workforce, of which the financial services industry employs over ten-thousand people.
| Major Employers |
|
Lincoln Financial Group |
1,750 |
|
Medical Protective Company |
294 |
|
K&K Insurance Group, Inc |
275 |
|
STAR |
262 |
|
Brotherhood Mutual Insurance Co. |
254 |
|
Swiss Re |
250 |
| Ash Brokerage Corp. |
181 |
| PNC |
175 |
|
J. P. Morgan Chase |
172 |
|
Three Rivers Fed. Credit Union |
165 |
| For a more extensive listing of financial services employers with additional detail, please visit our Major Employers page. |
| Annual Average Wages By Occupation, 2008 |
| |
Allen |
U.S. |
Allen/U.S. |
|
Management |
$90,783 |
$100,310 |
90.5% |
|
Business & Financial Operations |
$55,986 |
$64,720 |
86.5% |
|
Computer & Mathematical |
$65,845 |
$74,500 |
88.4% |
|
Life, Physical, & Social Science |
$48,550 |
$64,280 |
75.5% |
|
Legal |
$71,177 |
$92,270 |
77.1% |
|
Arts, Design, Entertainment, Sports, and Media |
$36,405 |
$50,670 |
71.8% |
|
Healthcare Practitioner and Technical |
$62,874 |
$67,890 |
92.6% |
|
Building and Grounds Cleaning and Maintenance |
$24,635 |
$24,370 |
100.1% |
|
Sales and Related |
$35,010 |
$36,080 |
97.0% |
|
Office and Administrative Support |
$29,815 |
$32,220 |
92.5% |
| Source: Bureau of Labor Statistics, OES and Indiana DWD |
Educational Opportunities
With 10 colleges and universities in Fort Wayne offering business degrees and an enrollment of over 27,000 students, an educated workforce is available and qualified. Annually, more than 1,000 students receive bachelor degrees in accounting, finance or MBAs, with an additional 400 receiving associate degrees or certifications in accounting. Below are just a few of the specialized training available in Allen County to help serve the financial services industry:
-
IVY TECH - IVY Tech has a main campus in Fort Wayne and enrolls more than 7,000 students annually. Business Administration is one of the top five programs at Ivy Tech Fort Wayne.
-
IPFW - IPFW is home to the Richard T. Doermer School of Business and Management Sciences that offers degrees in Accounting & Finance, Economics, and Marketing & Management. In 2007 IPFW established the Institute for Pension Plan Management. The Institute will serve a currently unmet need by supporting local, regional, and national retirement plan and employee benefits providers through education, training, credentialing, research, and technical support.
Indiana is one of only a handful of states with three universities offering insurance and actuarial degrees: Purdue University, Indiana University and Ball State University.
- INSPIRE - Indiana Specific Insurance Related Education covers training costs for insurance recognized training and can be matched up to 50 percent by the Indiana Economic Development Corporation.