LinkedIn has compiled its eighth-annual list of the top companies noted for career growth. In addition to parsing trends and identifying success factors, the analysis provided a valuable takeaway: Continual investment in the employee experience is a crucial part of employers’ success in the current business environment.
How LinkedIn Ranks Top Companies for Career Advancement
To be eligible for the list, firms had to adhere to requirements that included having 5,000 or more global employees with at least 500 in the U.S. as of Dec. 31, 2023. Subsidiary data were rolled up to parental metrics.
Staffing and recruiting firms, educational institutions, and governmental agencies were excluded (as were LinkedIn and its parent companies).
The 8 Pillars of Career Advancement
The analysis ranked companies against eight pillars identified as important for career progression:
- Ability to advance: tracking employee promotions
- Skills growth: how a company encourages learning
- Company stability: a measure of attrition over a year
- External opportunity: recruiter outreach across employees at a company, indicating demand
- Company affinity: the strength of the company culture
- Gender diversity: assessing parity in the company and its subsidiaries
- Educational background, measuring the range from no degree to Ph.D.
- Employee presence in the country: the company’s employee numbers nationwide, relative to other companies
Financial Services Standouts: Best 7 Firms for Career Progression
Company | Rank of 50 | Headquarters | Notable Skills |
JPMorgan Chase | 1 | New York, NY | Commercial Banking, Capital Markets, Investment Banking |
Wells Fargo | 3 | San Francisco, CA | Commercial Banking, Capital Markets, Debt Collection |
Bank of America | 12 | Charlotte, NC | Commercial Banking, Capital Markets, Investment Banking |
Capital One | 14 | McLean, VA | Software Development Life Cycle, Artificial Intelligence, Commercial Banking |
Fidelity Investments | 19 | Boston, MA | Investment Banking, Capital Markets, Commercial Banking |
Synchrony | 33 | Stamford, CT | Debt Collection, Commercial Banking, Investor Relations |
American Express | 49 | New York, NY | Travel Management, Commercial Banking, Human Computer Interaction |
The complete list of all 50 U.S. firms named as best employers for career advancement can be found at LinkedIn.