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Which financial service centers are hotbeds for financial employment? The Conference Board of Canada’s 2018 Report Card centered on Toronto and its growth, but also gave stress on many aspects like strengths of other financial center, which we have highlighted here too.

Here are the top global cities ranked by highest employment expansion in the financial services sector over the past five years.

1.Beijing: 56.4% - Beijing has both the highest growth rate in financial services employment and the most financial employees.

2. Shanghai: 27.8% - China’s commercial and financial center has developed significantly and is first in attracting the highest amount of inward financial services FDI.

3. Toronto: 25.2% - After Tokyo, Canada’s financial hub has the second highest number of stock market listings in the world, and financial services represent 8.3% of employment in the metro area.

4. Singapore: 20% - Repeatedly competing with Hong Kong as third largest global financial centre, Singapore comes first in attracting the highest amount of inward financial services FDI per capita.

5. San Francisco: 15.3% - San Francisco has been known as a tech center with Silicon Valley down the road for a long time, is also considered as the U.S. leader in venture capital deals.

6. Luxembourg: 11.4% - Although it is small in size, Luxembourg is a seedbed ground for banks and asset managers. Actually, it secures rank one in the share of all employees working in financial services, with 12%.

7. Sydney: 10.6% - The Aussies have a brilliant touch and now are ranked highest globally for bank return on capital at close to 25%.

8. Hong Kong: 9.5% - On average ranked as the third largest financial center in the world, it also has served as the entry to China.

9. London: 8.0% - The largest international finance hub moreover is home to 100 domestic and foreign banks, more than any other city.

10. New York: 4.4 % - Competing with London to be the largest financial center in the world, New York also has the two largest stock markets, NYSE and Nasdaq.

12. Boston: 4.3% - Boston is domicile to some of the largest financial service companies in the world, including asset managers like State Street and Fidelity, and insurance companies like Liberty Mutual.

13. Paris: 0.8% - Undoubtedly, the city will gain from Brexit. By now, it is ranked third in outward financial services foreign direct investing (FDI), behind London and New York.