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The leading financial centers in the world

This forum is focused mostly on banking and finance in the UK but I believe that it is important for
GENERAL
by magellan on April 10th 2023
This forum is focused mostly on banking and finance in the UK but I believe that it is important for people who want to work in the financial industry to have a global mindset. There is a ranking called The Global Financial Centres Index that is published every year and shows the most powerful financial cities in the world.
The 2023 ranking shows that most of the top 20 financial cities are located in the US, China and Germany - 30% are in the US, 20% in China and 10% in Germany. London has consistently been ranked 2nd just behind New York in the last few years.
Young professionals should take into account this ranking given that 95% of the top 20 financial centers are located outside of the UK. It is true that London is one of the most important cities but one could apply for jobs/internships outside of the UK as well.
Rank
Change (+/-)
City
Rating
Region
1
0
New York
760
North America
2
0
London
731
Western Europe
3
0
Singapore
723
Asia/Pacific
4
0
Hong Kong
722
Asia/Pacific
5
0
San Francisco
721
North America
6
1
Los Angeles
719
North America
7
-1
Shanghai
717
Asia/Pacific
8
4
Chicago
716
North America
9
5
Boston
715
North America
10
1
Seoul
714
Asia/Pacific
11
4
Washington DC
713
North America
12
-3
Shenzhen
712
Asia/Pacific
13
-5
Beijing
711
Asia/Pacific
14
-4
Paris
710
Western Europe
15
-2
Sydney
709
Asia/Pacific
16
3
Amsterdam
708
Western Europe
17
1
Frankfurt
707
Western Europe
18
6
Munich
706
Western Europe
19
2
Luxembourg
705
Western Europe
20
2
Zurich
704
Western Europe
Source: Z/Yen Group - GFCI 33
Here are a few questions that can help to start the conversion on the topic.
1. What are your thoughts on this topic?
2. How do you expect this ranking to change in the future?
3. What is more likely to happen in the near future - London to move to the first or third position?
4. Can you share any interesting experiences in financial centers other than London ?
5. Which locations do you prefer?
6. Do you agree or disagree with this ranking? Why?

The leading financial centers in the world

GENERAL
This forum is focused mostly on banking and finance in the UK but I believe that it is important for
by magellan
on April 10th 2023
This forum is focused mostly on banking and finance in the UK but I believe that it is important for people who want to work in the financial industry to have a global mindset. There is a ranking called The Global Financial Centres Index that is published every year and shows the most powerful financial cities in the world.
The 2023 ranking shows that most of the top 20 financial cities are located in the US, China and Germany - 30% are in the US, 20% in China and 10% in Germany. London has consistently been ranked 2nd just behind New York in the last few years.
Young professionals should take into account this ranking given that 95% of the top 20 financial centers are located outside of the UK. It is true that London is one of the most important cities but one could apply for jobs/internships outside of the UK as well.
Rank
Change (+/-)
City
Rating
Region
1
0
New York
760
North America
2
0
London
731
Western Europe
3
0
Singapore
723
Asia/Pacific
4
0
Hong Kong
722
Asia/Pacific
5
0
San Francisco
721
North America
6
1
Los Angeles
719
North America
7
-1
Shanghai
717
Asia/Pacific
8
4
Chicago
716
North America
9
5
Boston
715
North America
10
1
Seoul
714
Asia/Pacific
11
4
Washington DC
713
North America
12
-3
Shenzhen
712
Asia/Pacific
13
-5
Beijing
711
Asia/Pacific
14
-4
Paris
710
Western Europe
15
-2
Sydney
709
Asia/Pacific
16
3
Amsterdam
708
Western Europe
17
1
Frankfurt
707
Western Europe
18
6
Munich
706
Western Europe
19
2
Luxembourg
705
Western Europe
20
2
Zurich
704
Western Europe
Source: Z/Yen Group - GFCI 33
Here are a few questions that can help to start the conversion on the topic.
1. What are your thoughts on this topic?
2. How do you expect this ranking to change in the future?
3. What is more likely to happen in the near future - London to move to the first or third position?
4. Can you share any interesting experiences in financial centers other than London ?
5. Which locations do you prefer?
6. Do you agree or disagree with this ranking? Why?
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