Financial services is a massive industry that helps millions of people with all kinds of needs. It allows individuals to secure loans for mortgages, cars, education, and many other expenses. It also helps them save money for retirement and other goals. And it helps businesses grow and expand by providing them with the cash they need to fund projects. A healthy financial services sector is vital to the health of any economy.
The types of financial services that are available include deposit-taking; lending of all types; credit cards; payment and transfer services; brokerage; securities underwriting; and advisory, intermediation and other auxiliary financial services (such as information provision and processing, and settlement and clearing for financial assets and negotiable instruments). Financial markets provide an essential channel through which savings are channelled to those with investment ideas, thus lubricating the engine of economic growth.
While there are many benefits to working in financial services, the industry does have its downsides. As a result, it’s important for prospective financial services employees to carefully weigh the pros and cons before making any decisions.
Whether you’re looking for an entry-level job or a management position, there are plenty of opportunities within the industry. However, it’s important to find a role that fits your career goals. Not every position in the financial services industry will pave the way to a successful career, so it’s important to find the right fit. The following four roles may be the best fit for your career goals: