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.
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49K
Workers in the HQ + Finance Industry
6
Fortune 1000 Headquarters
5%
Projected HQ + Finance Growth 2022 - 2027
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.
| Occupation Description | 2022 Jobs | Median Annual earnings | Avg. Hourly Earnings | 2022 Location Quotient |
|---|---|---|---|---|
| General and Operations Manager | 12,157 | $99,246.97 | $57.74 | 0.90 |
| Office Clerks, General | 11,846 | $30,773.91 | $16.31 | 1.00 |
| Customer Service Representatives | 11,584 | $36,843.24 | $17.38 | 0.95 |
| First-Line Supervisors of Office and Administrative Support Workers | 9,273 | $58,629.71 | $28.74 | 1.44 |
| Bookkeeping, Accounting, and Auditing Clerk | 7,854 | $38,815.79 | $20.21 | 0.60 |
| Accountants and Auditors | 3,611 | $61,935.70 | $33.15 | 0.60 |
| Financial Managers | 3,056 | $119,191.44 | $62.28 | 0.98 |
| Insurance Sales Agents | 1,816 | 47,449.12 | $28.20 | 0.65 |
| Lawyers | 1,709 | $95,891.74 | $55.03 | 0.58 |
| Tellers | 1,660 | $32,532.72 | $16.43 | 1.11 |
| Top Ten: HQ & Finance Related Occupations | 64,565 |
| Occupation Description | 2022 Jobs | Median Annual earnings | Avg. Hourly Earnings | 2022 Location Quotient |
|---|
Note: Above occupations reflect Standard Occupational Classifications (SOC codes) within the Memphis TN-MS-AR Metropolitan Area. Estimates derived from Lightcast, Q1 2023 dataset QCEW Employment. Although these roles are highly focused in the HQ & Finance industries, these individuals are employed across a wide variety of regional industries.
Location Quotient: Measured against the Nation, location quotients (LQ) are a useful way of quantifying how concentrated a particular industry, cluster, or occupation is in a region as compared to a larger geographic area. An LQ of 1 is equally concentrated within both areas. An LQ of 1.5 indicates that the smaller geographic region is 50% more concentrated regionally, and an LQ of 2 indicates the geographic region is twice as concentrated regionally. An LQ of 0.5 indicates the smaller geographic region is 50% less concentrated against the larger geographic area.
