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Industry · Finance and Insurance

Investment Banking and Securities Intermediation

NAICS 523150 · 86,446 matched workers · high confidence

Roughly balanced
53.6% Democratic, 46.4% Republican

Two-party shares across 86,446 workers in the Investment Banking and Securities Intermediation industry.

53.6%
46.4%
DemocraticRepublican
Imputed
56.3% D · 43.7% R
Includes lean for unaffiliated registrants
Hierarchy
Finance and Insurance › Securities and Commodity Contracts Intermediation and Brokerage
NAICS2 52 · NAICS4 5231
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Where Investment Banking and Securities Intermediation falls

More Republican than 71% of industries in Finance and Insurance.

← DemocraticRepublican →Commercial Banking — 56% DemocraticPortfolio Management and Investment Advice — 53% DemocraticDirect Health and Medical Insurance Carriers — 59% DemocraticOther Direct Insurance (except Life, Health, and Medical) Carriers — 55% DemocraticInsurance Agencies and Brokerages — 50% DemocraticDirect Property and Casualty Insurance Carriers — 52% DemocraticDirect Life Insurance Carriers — 53% DemocraticMiscellaneous Financial Investment Activities — 56% DemocraticMortgage and Nonmortgage Loan Brokers — 51% DemocraticFinancial Transactions Processing, Reserve, and Clearinghouse Activities — 60% DemocraticCredit Unions — 55% DemocraticMiscellaneous Intermediation — 61% DemocraticSavings Institutions and Other Depository Credit Intermediation — 57% DemocraticCredit Card Issuing — 63% DemocraticReal Estate Credit — 54% DemocraticPension Funds — 56% DemocraticConsumer Lending — 59% DemocraticInternational, Secondary Market, and All Other Nondepository Credit Intermediation — 52% DemocraticPharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds — 53% DemocraticClaims Adjusting — 55% DemocraticAll Other Insurance Related Activities — 56% DemocraticOther Financial Vehicles — 58% DemocraticDirect Title Insurance Carriers — 50% DemocraticSecurities and Commodity Exchanges — 67% DemocraticSales Financing — 54% DemocraticMonetary Authorities-Central Bank — 64% DemocraticOther Insurance Funds — 44% DemocraticOpen-End Investment Funds — 59% DemocraticOther Activities Related to Credit Intermediation — 45% DemocraticTrust, Fiduciary, and Custody Activities — 61% DemocraticCommodity Contracts Intermediation — 69% DemocraticReinsurance Carriers — 57% DemocraticHealth and Welfare Funds — 61% DemocraticTrusts, Estates, and Agency Accounts — 79% DemocraticInvestment Banking and Securities Intermediation — 54% Democratic0%25%50%75%100%
Each dot is one of the 34 other industries in Finance and Insurance; size scales by workforce. Hover to see names — click to jump.

How this is measured

VRscores estimate the partisan composition of an industry by linking voter registration records to employment profiles, then aggregating workers up the NAICS hierarchy. The two-party shares above exclude workers with no major-party affiliation.

Read the full methodology or the published Organization Science paper.

Top employers in Finance and Insurance

Other industries in Finance and Insurance

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Citation

Kagan, Max; Frake, Justin; Hurst, Reuben (2026). “VRscores: A New Measure and Data Set of Workforce Politics Using Voter Registrations.” Organization Science, 37(2), 444–465.
https://doi.org/10.1287/orsc.2025.20402