A Delaware Growth Agenda report published this summer by the Delaware Business Roundtable ranks Financial Services Sector as the state’s largest traded sector. It sees a positive outlook for the sector, which grew almost 22 percent between 2010 and 2015.
According to the report, growth is expected to come in three financial services areas:
CREDIT CARD ISSUING is expected to continue to be the shining star of the state’s sector. Though the sector is expected to shrink nationally, Delaware will be poised to capture more of the sector.
WEALTH MANAGEMENT (Portfolio Management, Investment Advice, and Trust Activities) is also a significant component of the state’s financial services sector. It grew more than 30 percent over the last five years and is expected to continue to grow at a fast clip over the next 10 years.
FINANCIAL TRANSACTION PROCESSING is an emerging sector, with 32 establishments that employ about 650 people. The sector grew 23 percent in Delaware in the last five years and has strong growth prospects both for the US and in Delaware.
Prospective graduate students with an interest in related fields — management, finance, accounting, information systems — can learn more at a free MBA and Specialized Graduate Programs Information Session on Wednesday, October 12th from 5:30 — 7:30 PM. (Clayton Hall, 100 David Hollowell Drive, Newark, DE 19716).