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Financial Services
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A growing number of banks, insurance
firms, and other financial service companies are
relocating their "back office" operations to New Jersey.
These include credit authorization, mortgage approval
and processing, outbound telesales, computer
installations, and administrative support such as
accounting and shareholder services. |
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PROFILE CONTAINS: |
- NJ Advantages
- NJ
Financial Leaders
- Workforce
-
Infrastructure
- Incentive
Programs
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Download The
Profile Now
 (619K) |
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Key
Advantages |
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Leading
Companies |
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Companies save money by moving jobs from the front office
to more cost-effective, back-office locations in New
Jersey. This trend is on the rise due to merger activity and
advancements in Internet technology and e-commerce.
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New Jersey’s financial-services sector is projected to grow by more than 25% over the next decade.
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Compared to New York City and Philadelphia, backoffice
advantages of New Jersey include:
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Less employee turnover
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Shorter
employee commute
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Lower utility costs
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Lower corporate taxes
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Lower cost of living
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- Prudential Financial
- Chubb Corporation
- Dun & Bradstreet
Corporation
- Dow Jones Information
Services
- Merrill Lynch & Company
- Equitable Companies
- HP Financial Services
- Toa Re Reinsurance
Company Of America
- National Westminster
Bank
- Bank of Tokyo
- U.S. Federal Reserve
- Chase Manhattan Bank
- Bank of New York
- CIT Financial
- Mellon Bank
- Paine Weber Group
- Morgan Stanley
- Dean Witter Reynolds
- First Chicago Trust
- Barclays PLC
- Brown Brothers Harriman
- Dumitomo Bank
- Deutsche Bank
- Prudential Insurance
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