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Montréal: Vital financial centre

A thriving financial industry

The financial industry in Greater Montréal employs close to 100,000 workers in over 3,000 businesses. The industry benefits from access to a vast pool of skilled workers, world-class universities and a highly favourable business environment. All the key financial subsectors are represented in Montréal, including banks and other financial intermediaries, insurance, securities, pension funds, mutual funds and advisory services.

Finance in Montréal is:

  • Over 100,000 jobs
  • 3,000 financial businesses
  • More than 25,000 financial specialists
  • Close to 8,000 finance students and nearly 2,000 university graduates each year

Key numbers for the different sectors

Banks and financial intermediaries

  • 38% of the workforce
  • 300 companies
  • Over 37,000 jobs

Insurance and related services

  • 22% of the workforce
  • 1,300 companies
  • Over 22,000 jobs

Securities

  • 40% of the workforce
  • 1,500 companies
  • Over 39,000 jobs