The combination of a diverse and trained talent pool and competitively priced operating costs make Memphis a smart investment for businesses in the corporate and professional services industry.
Get a snapshot of Memphis's robust corporate Headquarter and Finance sector.
49K
Workers in the HQ + Finance Industry
6
Fortune 1000 Headquarters
9
Named one of the top 10 cities for Headquarters by Site Selection Magazine (2024)
Our high quality educational and training institutions paired with a culture of collaboration and inclusion means our talent pool is ready to offer innovation to your business. Plus, our competitive advantages in quality labor and real estate costs make Memphis a prime location for investment. Home to over 90,000 employees working in the business and professional services sector, Memphis has consistently been the choice for national and international investment for companies looking to move innovation forward.
| Industry Presence | 2018 Jobs | 2023 Jobs | 2028 Jobs | Job Growth % (2018 - 2023) | Projected Job Growth % (2023 - 2028) | 2023 Location Quotient |
|---|---|---|---|---|---|---|
| Management of Companies and Enterprises | 9,446 | 8,541 | 9,123 | -9.6% | 6.8% | 0.83 |
| Management, Scientific, and Technical Consulting Services | 6,793 | 7,983 | 9,232 | 17.5% | 15.6% | 1.07 |
| Depository Credit Intermediation | 6,235 | 5,991 | 6,320 | -3.9% | 5.5% | 0.83 |
| Agencies, Brokerages, and Other Insurance Related Activities | 4,073 | 3,327 | 3,065 | -18.3% | -7.8% | 0.61 |
| Architectural, Engineering, and Related Services | 3,092 | 3,259 | 3,271 | 5.4% | 0.4% | 0.49 |
| Computer Systems Design and Related Services | 2,849 | 3,147 | 3,626 | 10.4% | 15.2% | 0.32 |
| Legal Services | 3,090 | 3,113 | 3,124 | 0.7% | 0.4% | 0.65 |
| Other Professional, Scientific, and Technical Services | 2,034 | 2,717 | 3,163 | 33.6% | 16.4% | 0.78 |
| Accounting, Tax Preparation, Bookkeeping, and Payroll Services | 2,185 | 2,427 | 2,497 | 11.1% | 2.9% | 0.52 |
| Securities and Commodity Intermediation and Brokerage | 2,092 | 1,901 | 1,713 | -9.1% | -9.9% | 0.99 |
| Top 10 Industry Total | 41,889 | 42,406 | 45,135 | 1.2% | 6.4% | |
| HQ & Finance Industry Total | 49,371 | 48,997 | 51,653 | -0.8% | 5.4% |
| Industry Presence | 2018 Jobs | 2023 Jobs | 2028 Jobs | Job Growth % (2018 - 2023) | Projected Job Growth % (2023 - 2028) | 2023 Location Quotient |
|---|
Note: Above industries reflect 6-digit NAICS industries within the Memphis TN-MS-AR Metropolitan Area. Employment estimates derived from Lightcast Q4 2024 dataset QCEW Employment.
Location quotient (LQ) is a way of quantifying how concentrated a characteristic of a particular region is compared to the nation. These characteristics could be an industry’s or occupation’s share of employment, resident demographic, online profiles or job postings. The LQ is the calculation that reveals what makes that particular region “unique” in comparison to the national average. For example, if an industry in Greater Memphis accounts for 2.5% of regional jobs but only 1% of jobs nationally, then Greater Memphis has an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region.
| Occupation Description | 2018 Jobs | 2023 Jobs | 2028 Jobs | Job Growth % (2018 - 2023) | Projected Job Growth % (2023 - 2028) | 2023 Location Quotient |
|---|---|---|---|---|---|---|
| Customer Service Representatives | 12,090 | 11,033 | 10,859 | -8.7% | -1.6% | 0.96 |
| First-Line Supervisors of Office and Administrative Support Workers | 7,674 | 8,612 | 8,423 | 12.2% | -2.2% | 1.42 |
| Bookkeeping, Accounting, and Auditing Clerks | 7,009 | 7,312 | 7,120 | 4.3% | -2.6% | 1.20 |
| Accountants and Auditors | 3,386 | 4,423 | 4,612 | 30.6% | 4.3% | 0.75 |
| Financial Managers | 2,641 | 3,166 | 3,388 | 19.9% | 7.0% | 0.99 |
| Market Research Analysts and Marketing Specialists | 1,256 | 2,169 | 2,398 | 72.8% | 10.5% | 0.64 |
| Management Analysts | 1,234 | 1,859 | 2,098 | 50.6% | 12.8% | 0.55 |
| Lawyers | 1,504 | 1,799 | 1,907 | 19.6% | 6.0% | 0.61 |
| Securities, Commodities, and Financial Service Sales Agents | 1,033 | 1,572 | 1,620 | 52.2% | 3.0% | 0.80 |
| Insurance Sales Agents | 1,156 | 1,427 | 1,356 | 23.4% | -5.0% | 0.75 |
| Top 10 HQ & Finance Occupations Total | 38,982 | 43,373 | 43,780 | 11.3% | 0.9% |
| Occupation Description | 2018 Jobs | 2023 Jobs | 2028 Jobs | Job Growth % (2018 - 2023) | Projected Job Growth % (2023 - 2028) | 2023 Location Quotient |
|---|---|---|---|---|---|---|
Note: Above occupations reflect Standard Occupational Classifications (SOC codes) within the Memphis TN-MS-AR Metropolitan Area. Estimates derived from Lightcast, Q4 2024 dataset QCEW Employment.
Location quotient (LQ) is a way of quantifying how concentrated a characteristic of a particular region is compared to the nation. These characteristics could be an industry’s or occupation’s share of employment, resident demographic, online profiles or job postings. The LQ is the calculation that reveals what makes that particular region “unique” in comparison to the national average. For example, if an industry in Greater Memphis accounts for 2.5% of regional jobs but only 1% of jobs nationally, then Greater Memphis has an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region.
