Financial Services

Northeast Indiana has a long history with the financial services industry. In fact, over one hundred years of insurance history and expertise leave our region well-placed for the successful expansion of existing Indiana companies in the financial services industry and exciting growth for new or relocating Indiana companies.

Indiana companies specializing in financial services are varied in their purpose and expertise. The Indiana financial service industry encompasses regional banking centers, back-office support organizations, customer service centers, retirement plan services and insurance services that span across commercial insurance, re-insurance and specialty insurance. The Northeast Indiana region is also home to several of the top pension plan administrators and consultants in the Nation.

Northeast Indiana is perfectly situated for Indiana companies in the financial services industry. We're home to thousands of workers trained in valuable financial services industry skills. We're well-positioned between major metropolitan areas such as Indianapolis and Chicago. And, we have a long history of success with the Northeast Indiana financial services industry.

Whitley County Wages, 2011

Occupation	Average Wage
Financial Managers	$84,906
Insurance Sales Agents	$58,427
First-line Supervisors/Managers of Office and Administrative Support	$38,126
Bookkeeping, Accounting, and Auditing Clerks	$27,102
Tellers	$16,931
Customer Service Representatives	$25,813
Executive Secretaries and Administrative Assistants	$32,926
Office Clerks, General	$22,880

Workforce Development

With 13 colleges and universities offering business degrees in Northeast Indiana and an enrollment of over 30,000 students, an educated workforce is available and qualified. Annually, more than 1,100 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 northeast Indiana to help serve the financial and insurance services industry:

IVY TECH // IVY Tech has one main campus in Northeast Indiana, with classes offered in other cities, and enrolls more than 7,000 students annually within the region.
MANCHESTER COLLEGE // Four-year students pass the CPA exam at twice the national rate and 50 percent pass on the first try. Many students who score in the top 10 from Indiana received their education from Manchester College located in Wabash County.
IPFW // The Institute for Pension Plan Management was established at IPFW in 2007. 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.

Sources: Northeast Indiana Regional Partnership, EMSI Covered Employment - 2011.4