Financial services are the lifeblood of the economy, enabling individuals to borrow, spend and save money securely. They also allow businesses to invest and expand. And without them, the world would be a very different place.

The term financial services can refer to a variety of different things, from bank accounts and credit cards to stock markets and mortgage lenders. But it’s important to remember that these services are all part of the same industry. And it’s an industry that’s growing fast.

More and more companies from completely different sectors are starting to offer their customers financial services. This is in large part due to the emergence of fintechs, which are quickly transforming the banking sector. By offering their customers everything from loans to investment advice, fintechs are making it easier than ever for companies to enter the finance market.

But while there are many benefits to working in the financial services industry, it’s important to bear in mind that it is a very cyclical one. When the economy is doing well, so are financial services, but when the economy turns south, it can have a devastating effect. This means that job security in the sector can be volatile, as companies may lay off a large percentage of their staff during tough times. In addition, many of these roles tend to be very competitive and demanding in terms of quotas and targets. This can make them stressful, and they often require long hours.