When you think of financial services, your mind probably goes to banks, stock brokers, mortgage lenders and insurance companies. However, these are just a small part of this vast industry. In reality, there are thousands of financial service providers that serve individuals, small businesses, large corporations and even nonprofits.
A healthy financial services sector is critical to a country’s economy. It provides millions with access to credit, enabling them to buy homes, cars, education and other assets. It helps people save for retirement, and safeguards their health and property through insurance. And it enables businesses to grow, by providing them with capital in the form of loans and investments.
While there is still a significant amount of work to be done, we’ve made great strides toward financial inclusion. In just a few years, millions of people have been given access to accounts that help them manage their money and take advantage of opportunities like digital payments.
While there are many benefits to working in the financial services sector, it’s important to choose a job that fits your skillset and career aspirations. Duitch says that the key to a successful financial services career is to find one that provides valuable expertise in areas you’re interested in, but doesn’t require a bachelor’s degree or extensive experience on Wall Street. This way, you can build a rewarding career while also being able to pursue your other passions.