Where does Investment Banking sit in the mid-pack industry band?

Investment Banking and Securities Intermediation ranks #190 of 499 tracked industries by calendar-2024 contract dollars at $254.6M (MID · FIN).

How much federal contract spending sits under Investment Banking?

USAspending.gov records show $254.6M in calendar-2024 federal contract awards under NAICS 523150.

Where does the FIN sector placement for Investment Banking come from?

Placement is computed from our USAspending.gov calendar-2024 extract ordered by total contract dollars descending (same basis as /industries/).

USAspending.gov · NAICS 523150 · Finance and Insurance

Investment Banking and Securities Intermediation

Name: Investment Banking and Securities Intermediation (NAICS 523150) - Federal Contract Data
Creator: PlainFedContract
License: https://creativecommons.org/licenses/by/4.0/

Mid-pack NAICS industry on the industries board — code 523150 in Finance and Insurance.

By PlainFedContract ·USAspending.gov source →

CY2024 awards: $254.6M
Corpus rank: #190 of 499
Award plate: MID
Sector: FIN · NICHE

Investment Banking federal industry awards

Investment Banking and Securities Intermediation sits in the mid-pack on the NAICS award board at $254.6M CY2024 (#190 of 499).

PlainFedContract attributes calendar-2024 contract dollars to NAICS 523150, not firm revenue. Stamp board: MID · FIN. See /methodology/#naics.

Year-over-year change, 2023–2024

Across the calendar years on file, Investment Banking and Securities Intermediation’s annual contract dollars fell from $565.0M in 2023 to $254.6M in 2024. 54.9% vs 2023 The strongest year on file is 2023 at $565.0M.

Investment Banking and Securities Intermediation annual contract dollars, calendar 2023-2024

Calendar-year prime contract obligations by action date (award types A-D). Annual figures use the same NAICS classification basis as the CY2024 headline above.

Source: USAspending.gov spending_by_category

How Investment Banking sits in the mid-pack award band

$254.6M · #190 of 499 by CY2024 industry awards , mid-pack on the NAICS award board (same order as the industries listing). See methodology.

$254.6M under NAICS 523150 · #190 of 499 , MID · FIN · NICHE · DRIFT. Nearest ABS peer: Wireless Telecommunications Car… at $255.1M (MID).

Calendar-2024 actions under NAICS 523150 count as opportunity size, not firm revenue. Sector weight is light within FIN. Populations, lag, and NAICS/SBA rules: methodology.

Source: USAspending.gov · U.S. Department of the Treasury

Mid-scale industry peers nationwide

Cross-sector peers from the USAspending NAICS extract: nearest mid-scale calendar-2024 award dollars and nearest sector-weight share. Not recommendations.

Closest CY2024 award dollars

Wireless Telecommunications Carriers $255.1M
Roasted Nuts and Peanut Butter Manufacturing $257.2M
Wired Telecommunications Carriers $251.6M
Other Metal Valve and Pipe Fitting Manufacturing $259.0M
Other Building Equipment Contractors $250.0M
Air-Conditioning $249.4M

Disclaimer: Data from USAspending.gov public records. For informational purposes only. Industry spending amounts are aggregated from contract awards and may not reflect the most current data. Always verify with official sources.

Next read: How government contracts work · All industries · Top contractors

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official public datasets. See our methodology for details. Compiled from USAspending.gov by the PlainFedContract editorial process.

Compiled by PlainFedContract, Government Agencies Editorial Process · August 14, 2026

Publisher	PlainFedContract
Sources	Public official public datasets