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Financial Services

The Financial Services industry primarily includes firms that are engaged in activities such as investing, lending and securities trading. In Baltimore County, the Financial Services industry is the third largest of the nine high-growth industries and accounts for six percent of all jobs in the County.

Impact Overview


JobsAssociated Worker IncomeEmployers


72,783$7.2 billionOver 6,900


138,188$13 billionOver 15,000

County Financial Services Industry

With over 2,000 financial services employers, Baltimore County employs more than 20 percent of the state’s workers in this industry.

20 percent of Maryland's financial services jobs.
  • A group of people icon.

    Approximately 29,938 workers

  • A building icon.

    More than 2,300 employers

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    Generates $2.7 billion worker income

Employment Highlights

The following are major employers in the County's financial services industry.

T. Rowe Price

A global investment management firm that employs over 4,000 people in its Owings Mills location.

Bank of America

One of the world’s leading financial institutions and the largest bank in the Baltimore region, Bank of America added 600 new jobs to its Hunt Valley complex between 2016 and 2018. Bank of America anticipates 1,500 total new jobs by 2020.

Toyota Financial Services

The automotive finance brand for Toyota in the U.S. employs 560 workers at its Owings Mills location.

Learn More

For a detailed analysis of employment in the financial services industry, view the Job Connector Toolkit.

Revised December 2, 2019               
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Department of Economic and Workforce Development