Madison, Wisconsin is home to a growing financial services industry. As the state capital and a major college town, Madison offers many financial investment job opportunities. This article will explore the key aspects of finding jobs in banking, asset management, insurance, and other financial sectors in Madison. We’ll look at major employers, salaries, required skills and qualifications, as well as job search tips tailored to the Madison market with its unique mix of government, healthcare, education and finance.
Major financial industry employers in Madison area
As the state capital of Wisconsin, Madison has a large presence of major banks and insurance companies. Top employers include UW Credit Union, Summit Credit Union, American Family Insurance, CUNA Mutual Group, and WEAC Insurance. Other major companies with large finance divisions include Epic Systems, Exact Sciences, Lands’ End, and Spectrum Brands. The University of Wisconsin-Madison is also a major employer for investment and research roles. With a highly educated workforce, Madison offers opportunities for financial analysts, underwriters, claim specialists, personal bankers, mortgage loan officers, and other financial professions.
Salaries for financial investment jobs in Madison
Salaries for financial roles in Madison tend to be lower than the national average but offer a lower cost of living. According to Payscale, average base pay for a financial analyst in Madison is $59,108, compared to a national average of $63,790. Senior financial analysts earn approximately $75,000 in Madison. Underwriters make around $48,000, loan officers $45,000, and personal bankers $36,000 as a median base salary.
Qualifications and skills sought by Madison financial employers
Most entry-level banking and finance jobs in Madison require a bachelor’s degree in finance, accounting, economics or a related major. Mathematical, analytical, and computer/tech skills are desirable. Strong written and verbal communication abilities are also vital for client-facing roles. Obtaining relevant certifications such as Series 6, 7, 63, 65 licenses, CFA, CPA, or expertise in areas like insurance further boost one’s competitiveness for jobs.
Tips for seeking financial investment jobs in Madison
Networking is key to finding opportunities in Madison’s smaller job market. Join professional associations like the Madison Investment Management Society or In Business Madison to connect with professionals. Attend job fairs held on the University of Wisconsin campus for access to recruiters. Getting involved with student finance clubs and competing in case competitions also provides valuable exposure to demonstrate your skills and interest to employers.
Madison, Wisconsin provides a growing hub of financial services jobs in banking, insurance, investment analysis, wealth management and more. While salaries may average lower than the national level, Madison offers an attractive lifestyle, affordable cost of living in a thriving college town. By networking professionally, highlighting relevant skills and qualifications, and tapping into campus recruiting events, those seeking to enter Madison’s financial job market can gain an edge to launch their careers.