The Twin Cities of Minneapolis and St. Paul Benefit from a Vibrant and Broad Finance, Insurance, and Data Science Hub
From banking to insurance, agribusiness, fintech, and a wide array of asset managers and hedge funds, students who attend the University of Minnesota’s Actuarial Science, Master of Financial Mathematics and Fundamentals of Quantitative Finance programs enjoy wide exposure to many different firms and practitioners.
The Twin Cities has a very large insurance hub with a variety of jobs in the actuarial profession as well as jobs in data science, hedging, and wealth management. Many firms have headquarters here, such as Allianz Life Insurance and Allianz Investment Management - US, Ameriprise, Thrivent Financial, Securian Financial, Intact Financial Corporation/One Beacon - US, the Travelers Companies, Inc., United Health Care, Optum, Blue Cross Blue Shield of Minnesota, Prime Therapeutics, Delta Dental of Minnesota, and most of the large Actuarial Consulting firms - Deloitte, Mercer, PwC, EY, Aon, Willis Towers Watson, Milliman.
Top US Commercial Banks and the Fed have headquarters or major Operations here: US Bank, TCF Financial Corporation, Wells Fargo, and RBC, and the Federal Reserve Bank of Minneapolis. Our alumni work as quantitative risk analysts and modelers in these organizations.
There are many investment analyst and portfolio management opportunities in the region. The Twin Cities is rated 9 out of the top 20 most active cities in the US for hedge funds (Preqin Report, July 2018). The largest asset/wealth managers headquartered or with large operations in our metropolitan area represent about $1.76 trillion in Assets under Management (AUM).
Minnesota has major Agribusiness firms headquartered in the region with commodities trading, risk management and analyst roles at Cargill, CHS and Land O' Lakes
There is an emerging Fintech industry and some Insurtech in the Twin Cities. Students interested in this piece of the business can explore opportunities to merge technology, finance, and insurance into their career paths.
Insurance Companies/Actuarial Consulting Firms
Allianz Life of North America, Ameriprise Financial, Aon, Arch Insurance, Blue Cross Blue Shield of Minnesota, Deloitte, EY, Federated Insurance Company, Gross Consulting, Inc., Guy Carpenter, Health Partners, Humana, Intact Financial / One Beacon, Liberty Mutual, Lurie, Medica, Mercer, Milliman, Optum, PwC, Securian Financial, The Travelers Companies, Inc., Thrivent Financial, Willis Towers Watson, United Health Group, Universal Data Corporation (UDC), Van Iwaarden and Associates, Voya Financial, Willis Re,
Fortune 500 Firms Headquartered in Minnesota
United Health Group, Target, Best Buy, CHS, 3M, U.S. Bancorp, Supervalu, General Mills, C.H. Robinson Worldwide, Ecolab, Land O'Lakes, Ameriprise Financial, Hormel Foods, Thrivent Financial, Mosaic, Securian Financial Group, Patterson, Polaris Industries, Xcel Energy.
Hedge Funds and Asset/Capital Managers/Funds
Allianz Investgment Management, Ameriprise Financial, Alliance/Bernstein, Castlelake, CliftonLarsonAllen WealthAdvisors, Columbia Threadneedle, Disciplined Growth Investors, ELCA Pension Fund, Focus Financial, Galliard Capital Management, Interlachen Capital Group, Jundt Associates, Inc., Leuthold Group, Mairs Powers, Margaret Cargill Philanthropies, Minnesota Bank and Trust, Minnesota State Retirement System, North Star Resource Group, Parametric Portfolio Associates, Peregrine Capital Management, Pine River Capital Management, Principal Financial Group, RBC Global Asset Management, RBC Wealth Management, Riverbridge Partners, Securian Asset Management, Sit Investment Associates, Thrivent Asset Management, Varde Partners, Vermillion Capital Management, Walleye Trading, Walrus Partners, LLC, Waterstone Capital Management, Wealth Enhancement Group, White Pine Capital, Whitebox Advisors, LLC.
Apruve, CheckWITCH, Conserivs, FieldNation, FIS Global, Gravie, KeyedIn, LiveGiveSave, Sezzle, Ten Delta, Trusted Choice, Upsie
Banks, Investment Banks, Exchanges
U.S. Bancorp, Wells Fargo Minnesota, TCF Financial Corporation, Bremer Financial Corporation, Associated Bank, Minneapolis Federal Reserve, Aethlon Capital, Cherry Tree, Lazard Middle Market, Harris Williams, Houlihan Lokey, Piper Jaffray, Triple Tree, Venture Bank, Minneapolis Grain Exchange