Connecticut Finance Industry (2017 Snapshot)

Connecticut is #1 in the US for per capita income, mostly, from the presence of the world’s leading hedge fund managers in Greenwich. If the hedge fund industry is taken out of the picture, the state still ranks #4 in the US, behind Maryland, Alaska, and New Jersey.

Hedge Fund

In terms of the total assets under management, Connecticut ranks #2 in the list of hedge funds in the US ($334 bn), behind New York, and well ahead of California. 202 hedge fund managers distributed across Greenwich, Stanford, and four other cities in the state, actively manage 616 Connecticut-based hedge funds.

Top 5 States in USA Hedge Funds
The proximity to New York (2 hour drive), lower income tax($100k for $1 million income in New York vs. $67k in CT), lower estate tax ($3.5 million for $25 million in New York vs. $2.5 million in CT), close-knit community and real estate that offers lavish 10-acre homes instead of cramped luxury apartments for the same price, pushed former fund managers to set their shop in Connecticut.

Top 5 Hedge Fund US Companies
The strength of the Finance industry in the state comes from the larger demographic working in the sector (20%), even higher than New York City (12.4%).

Incentives in New Jersey and Florida have not led to a mass migration of Hedge fund giants precisely due to his reason. The skills required to create finance models using machine learning, execute complex investment strategies, follow regulatory compliance, complete deep research and develop quant models, are not easily available outside New York City. Handling billion dollar funds require talents who had prior experience in NYSE – a factor that has kept Connecticut at a strategic advantage.

With the legacy of witnessing, the world’s first property insurer – The Hartford, Connecticut, employs over 200,000 employees in the sector and drove the growth of related sub-sectors - technology, legal and accounting in the state. The highest concentration of actuaries and insurance professionals in the US has helped the state generate $13.7 billion towards the state’s GSP (Gross State Product), supported by 1429 state insurance companies, that in 2015 sold over $32.8 billion in annual premiums.
For MBAs entering the industry in the state, the compensation is the best in the US with the average pay for the management professionals (the 2nd largest group in the Business) at $157,483 for 2016. Technology and Math graduates are the 3rd largest group in the industry, primarily to fill the need to develop mobile applications, security suites, predictive models, AI-based assistants and health tracking software systems.

The Hedge Fund Industry in Connecticut
Hedge Funds to Hedge Rows

Largest Hedge Fund Investors(Connecticut)Hedge Funds ($bn)
1Yale University 4.2
2General Electric 2.9
3United Technologies 2.5
4GE Asset Management 2.3
5Hartford Financial Services Group 1.9

2018 MBA Research Guide - Choose your MBA

"I attended three MBA Tours in US and Canada. I could just scratch the surface compared to what the guide has included. Thank you guys for the amazing book"

F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach. 

Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?

We cover them all through our extensive analysis. 

Pages: 500

+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method 
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour

Comprehensive MBA Research Guide:
Top MBA Programs by 19 Specializations:
+ General Management
+ Finance
+ Consulting
+ Marketing
+ Strategy
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Accounting
+ Energy
+ Non-Profit
+ Wine
+ Sports
+ Sustainability
+ Leadership Development
+ Military &
+ International

+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)    
Top 31 MBA Programs in United States – Total Cost & Salary (2017)    

Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary    
Top 20 European MBA Programs (Based on Actual Salary Increase)    
Top 20 European MBA Programs (Short-term return on investment)    
Top 20 Affordable European MBA Programs    
Top 10 MBA in UK – Salary & Fee (2018)  
Top MBA Destinations Based on Happiness Index    
Top MBA Destinations based on Innovation Index    
Top 10 MBA Job Markets based on Cost of living and Purchasing Power    
Top MBA Destination: By Economy    

+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)  
MIT vs. Stanford MBA   (2017)
Haas vs. Ross MBA    
Kellogg vs Ross MBA    
Booth vs Wharton MBA    
MIT Sloan vs Tuck MBA    
IIMA vs. ISB   

Harvard vs. Stanford MBA (2017)

+ MBA in France (2018)
Top Industries in France   
Top MBA Programs in France  

  Class Profile   
  Post-MBA Salary

Scholarships in France
External Funding 

+ MBA in the UK (2018)
Top Industries in the UK   
Top MBA Programs in the UK

  Class Profile   
  Post-MBA Salary

Scholarships in the UK
External Funding 

New Visa Rules: Post-Brexit

Download F1GMAT's MBA Research Guide (2018)
*Free updates and new Chapters added to your premium account every week

Navigate F1GMAT

F1GMAT Services (MBA Applicants) 

MBA Research

MBA Salary(Latest Salary Data)
MBA Admission Interview Tips



MBA Application Essays

GMAT Tutorials

GMAT Question Bank

Top MBA Programs

Get F1GMAT's Newsletters (Best in the Industry)
Included in the Newsletter:

  • Ranking Analysis
  • Post-MBA Salary Trends
  • Post-MBA Job Function & Industry Analysis
  • Post-MBA City Review
  • MBA Application Essay Tips
  • School Specific Essay Tips
  • GMAT Preparation Tips
  • MBA Admission Interview Tips
  • School Specific Interview Tips
  • Funding Guidance and
  • Special Consultation Service (only for Subscribers)

Subscribe to F1GMAT's Newsletter