Top 10 Cities For A Career In Finance

There are finance jobs to be found in nearly every city in the world, but some cities offer more
possibilities than others. This article pinpoints the top 10 cities for finance jobs and examines their
language requirements, typical weather, cost of living and other important features. All of these
cities are expensive places to live, but they also offer plentiful and high-paying jobs for finance
workers.
Let's take a look at the top 10 (in no particular order):
1. Boston, Massachusetts, USA
Mercer's* Cost of Living Ranking = 125
Language = English
Average Low Temperature in January = 22
Average High Temperature in July = 82
*Note: Mercer is an international human resources company that offers financial advice, products
and services. The highest cost-of-living city is listed as No.1, and the comparison cities are rated in
descending order. Numbers are as of June 2012.
Well-known for its asset-management businesses, Boston is home to large money managers such as
Fidelity Investments and Putnam Investments. Although employment in Boston can suffer during
tough times, the job market for asset management tends to be relatively more stable than that for
investment banking or trading. This makes Boston a relatively appealing financial job market during
economic recessions or market pullbacks.
Boston residents are particularly passionate about their sports teams, which have enjoyed a recent
wave of success. Boston is also a great place for those interested in American history and is
relatively close to beaches and mountains.
2. Chicago, Illinois, USA
Mercer's Cost of Living Ranking = 110
Language = English
Average Low Temperature in January = 18
Average High Temperature in July = 84
Chicago is home to the Chicago Board of Trade and the Chicago Mercantile Exchange, making it a
hot spot for futures and derivatives trading. Large banks and brokerage firms also often have offices
in America's "second city."

Chicago has great nightlife and sports teams, as well as a thriving music scene; however, winters in
the Windy City feel even colder than the temperatures indicate.
3. Dubai, United Arab Emirates
Mercer's Cost of Living Ranking = 94
Language = Arabic; English
Average Low Temperature in January = 58
Average High Temperature in July = 103
Dubai is one of the fastest-growing cities in the world and is rapidly increasing in importance as it
attempts to become the financial capital of the Middle East. Many global financial institutions are
rushing to open and staff regional offices here, making this a potentially excellent time to move to
Dubai. International applicants might find that they are able to find a job here even if they do not
speak Arabic. While cosmopolitan, Dubai adheres to some Islamic strictures on alcohol, so lovers of
the party life might find better opportunities elsewhere.
4.Frankfurt, Germany
Mercer's Cost of Living Ranking = 88
Language = German
Average Low Temperature in January = 26
Average High Temperature in July = 74
Frankfurt is arguably the finance capital of continental Europe, and is the home of large German
companies such as Deutsche Bank. Many international firms also keep their European headquarters
in Frankfurt. Residents of Frankfurt enjoy significant entertainment options in the city, as well as
the possibility of extensive tourism throughout Germany and Europe.
5. Hong KongChina
Mercer's Cost of Living Ranking = 9
Language = Cantonese; Mandarin; English
Average Low Temperature in January = 47
Average High Temperature in July = 92
Hong Kong is one of the top cities for finance jobs in Asia and a key gateway to China. As such, this
is a rapidly growing market for a wide variety of brokerage, banking, wealth management and
trading jobs. While some employees may be able to get by only speaking English, knowledge of
Chinese would definitely be helpful.
Hong Kong is expensive and crowded, but is also a vibrant, exciting city with some of the best

shopping anywhere. As a regional airline hub, Hong Kong also offers the possibility of exploring
more of Asia during one's free time.
6. London, England
Mercer's Cost of Living Ranking = 25
Language = English
Average Low Temperature in January = 36
Average High Temperature in July = 73
For those who do not view New York as the finance capital of the world, London is it. In addition to
being the finance capital of the United Kingdom, nearly all of the large international banks and
brokerage firms maintain a significant presence in London.London is particularly strong in currency
trading, commanding more than twice the market share of its closest rivals. Like New York, London
has suffered job losses due to the credit crisis.
London is a hot spot for culture and nightlife, with plays, fine dining, museums, pubs, sporting
events and easy access to continental Europe. However, the weather in London can be dreary,
particularly in winter.
7. New York, New York, USA
Mercer's Cost of Living Ranking = 33
Language = English
Average Low Temperature in January = 23
Average High Temperature in July = 83

New York is commonly regarded as the finance capital of the world. Many of the largest investment
banks, including Goldman Sachs, Morgan Stanley and Merrill Lynch are headquartered there. So too
are several large banks, including Citigroup and JP Morgan. Nearly every large, global financial
institution has a presence in New York. The city has lost a large number of jobs due to the credit
crisis, but Wall Street is still the place to be.
The city that never sleeps is a hot spot for culture and nightlife, with Broadway plays, fine dining,
music and museums, clubs and bars, and sporting events.
8. San Francisco, California, USA
Mercer's Cost of Living Ranking = 90
Language = English
Average Low Temperature in January = 46
Average High Temperature in July = 68
San Francisco is the finance capital of the western United States. There are many brokerage and
banking firms with offices in the San Franciscoarea, and companies such as Charles Schwab and
Franklin Templeton Investments have their headquarters there. As the gateway to Silicon Valley,
San Francisco has a particular focus on the technology sector, and the Bay Area is the worldwide

headquarters of the venture-capital industry.

San Francisco boasts significant natural beauty in its beaches and parks, and is relatively close to
many outdoor opportunities, making it a great choice for city dwellers that enjoy the outdoors. While
the weather in San Francisco can be foggy, temperatures are also very moderate.
9. Tokyo, Japan
Mercer's Cost of Living Ranking = 1
Language = Japanese
Average Low Temperature in January = 34
Average High Temperature in July = 83
Tokyo is the world's second largest economy and as such is the headquarters for most Japanese
financial institutions as well as the regional headquarters for many international firms. Once
considered a rival to New York for the title of world financial capital, Tokyo has slipped in
importance in recent years as the Japanese economy and financial markets languished. Activity has
picked up recently, and if the Japanese economy continues to recover, Tokyo could thrive.
While there are opportunities available, Tokyo is a difficult place to get a job if you don't speak
Japanese. For those interested, the best route is probably to work for an international financial firm
and then request a transfer to Tokyo.
10.Zurich, Switzerland
Mercer's Cost of Living Ranking = 6
Language = German; French; English
Average Low Temperature in January = 13
Average High Temperature in July = 85
Zurich is the capital of the Swiss banking industry and a great place to find a wide variety of finance
jobs. Global giants UBS and Credit Suisse have their headquarters here, and the city is particularly
strong in wealth management and private banking. Applicants will have more success if they speak
some German or French, but it may be possible for otherwise well-qualified applicants to get by with
only English.
Switzerland routinely ranks near the top for overall quality of life. Natural beauty, clean air, low
crime, relatively high incomes and cosmopolitan locals all combine to make Zuricha wonderful place
to live.
The Bottom Line
All of the cities discussed in this article offer wonderful possibilities for job seekers. Prospective
employees will find that there are no wrong choices on this list, which leaves each individual free to
select the city that best suits his or her interests.