Financial services is an extensive sector that includes thousands of depository institutions, providers of investment products, insurance companies and other credit and financing organizations.

A healthy and vibrant financial services sector promotes economic dynamism. It helps individuals get the money they need to meet their various needs, enables businesses to grow and expand and provides safe protection for property and health through insurance.

The presence of financial services enables governments to raise short-term funds for revenue and capital expenditure by the issue of Treasury Bills. In addition, long-term funds can be raised in the securities market by selling government securities or other instruments.

Getting Started in the Industry

Working in the finance industry is an excellent way to launch your career, with the added benefit of a supportive work environment and opportunities for training and development. Many firms offer intensive on-the-job training, as well as a range of mentoring and coaching.

It’s also a good idea to build a network when you start in the financial services industry. That’s especially true if you’re seeking to become an advisor or investment portfolio manager, because it’s important to be able to vouch for your qualifications.

The industry offers a variety of job titles, ranging from entry-level positions to senior management roles. Ryan Duitch, President and CEO of Arro, says that while there are thousands of jobs across the industry, “not all pave the way for you to grow in your career.”

It’s important to know what type of role you’re looking for. And that it needs to fit into your overall career plan.