- The Professional Services sector is an integral part of the San Francisco economy, making up 40% of all businesses.
- In Q4 2015, approximately 8% of venture capital investments went to professional services.
- From February 2015 to February 2016, the Professional Services sector in the San Francisco and San Mateo counties added 18,400 jobs, the highest job increase as compared to other sectors.
- As of December 2015, Professional and Business Services posted their highest 12-month percent change for job employment at 5.2% with 485,000 employed within the industry.
- As of February 2016, there are 269,400 jobs in the Professional Services sector in the San Francisco-San Mateo-Redwood City region.
- Securities and investment firms as well as legal services firms dominate San Francisco’s professional workforce. Securities and investment firms in particular have a high employment concentration.
- The City hosts some of the country’s largest banks, including Wells Fargo and Bank of the West and is home to the Federal Reserve Bank.
In general, San Francisco’s strong financial services economy leads many to consider it the financial capital of the West Coast.
Companies in the San Francisco Bay Area, including Silicon Valley, took in $8 billion in venture capital funding in Q3 2015, occupying almost 50% of the venture capital investments in the country.
- The region’s professional services sector draws off the Bay Area’s wealth of top-ranked universities and graduate programs.