Employment
90,089
Total employees (Census CBP)
Finance and Insurance ·NAICS 523110
NAICS 523110 · IRS SOI 2023 · Census CBP
Investment Banking and Securities Dealing - Industry Benchmarks
$445,088/yr average annual pay, with 17 SBA loans on record for NAICS 523110.
- 20.1%
- Finance and Insurance sector margin
- 90K
- Workers employed
- $445,088/yr
- Avg payroll / employee
- $16M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 523110
New York leads Investment Banking and Securities Dealing activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Finance and Insurance sector runs a 20.1% net margin.
- 20.1%
- Finance and Insurance sector margin (IRS SOI)
- 90K
- Workers employed (Census CBP)
- $445,088/yr
- Avg payroll / employee
- $16M
- SBA lending, FY20–26
Benchmarking Insights for Investment Banking and Securities Dealing
Investment Banking and Securities Dealing sits inside Finance and Insurance, a sector that runs a 20.1% net margin overall.
3,808 establishments employ 90,089 workers (23.7/location) at $445,088/yr average annual pay. New York leads employment, followed by Illinois and Florida.
Avg Payroll / Employee
$445,088/yr
Annual compensation
Establishments
3,808
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment decreased by 2,861; establishment count decreased by 227. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $40.1B
- Avg Employees per Establishment
- 23.7
Top States by Employment
| State | Employment |
|---|---|
| New York | 43,344 |
| Illinois | 9,149 |
| Florida | 2,220 |
| Massachusetts | 1,512 |
| Connecticut | 1,258 |
| Minnesota | 1,224 |
| North Carolina | 921 |
| Colorado | 446 |
| South Carolina | 212 |
| Oregon | 123 |
Showing top 10 of 47 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
17
Total Loan Volume
$16M
Avg Loan Size
$919K
Jobs Supported
70
Program Breakdown
7(a) 16 (94%)
504 1 (6%)
Top SBA Lender
Live Oak Banking Company
8 loans in this industry
New Business Share
17.6% of borrowers were new/startup businesses
Annual Lending Trend (4 yrs)
2020 8
2021 7
2022 1
2023 1
Frequently Asked Questions
How profitable is Investment Banking and Securities Dealing?
IRS SOI doesn't publish margin data at the NAICS 523110 level. New York leads this industry nationally. The broader Finance and Insurance sector runs a 20.1% net margin (IRS SOI 2023).
How many businesses are in Investment Banking and Securities Dealing?
3,808 business establishments. Together they employ 90,089 workers.
What is the average payroll per employee in Investment Banking and Securities Dealing?
$445,088/yr average annual pay per employee. Businesses average 23.7 employees per establishment.
Which states have the most Investment Banking and Securities Dealing employment?
New York leads with 43,344 workers. Illinois (9,149) and Florida (2,220) round out the top three.
How much SBA lending does Investment Banking and Securities Dealing receive?
Investment Banking and Securities Dealing businesses received 17 SBA loans totaling $16 million between FY2020 and FY2026. The average loan size was $919K. These loans supported 70 jobs at origination. Most lending (94%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 70% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Investment Banking and Securities Dealing
- No margin data, check the parent industry. Browse Finance and Insurance
- 3,808 establishments, 90,089 workers. Payroll benchmarks
- 17 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 523110 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.