Financial services is a massive industry that covers a vast range of activities. This includes credit unions, banks, fintechs, pension providers and more. The financial sector is also a barometer for an economy’s health. A vibrant capital market indicates that companies are able to secure funds to boost production and reap profits in the long run. Without financial services, companies will struggle to grow, resulting in stagnant economies.
Today, the lines that separate different sectors of the financial industry are blurred. Banks, for example, now offer checking and savings accounts as well as mortgages and loans. The lines between different types of brokers are fading too, with some brokerage firms offering a wide range of investment products while others specialize in one area like mutual funds or stocks and bonds. Then there are global payment providers such as Visa and Mastercard, as well as exchanges that facilitate stock, derivative and commodity trading.
As the demand for financial services grows, so does the competition for talent. Having the right skills is key to a successful career in this field. The good news is that the financial service industry is a highly lucrative career choice. There are many opportunities for job security and career growth, plus you can always switch companies or even cities if you’re unhappy in your current role.
A career in financial services provides you with the opportunity to build your skills and learn how to work with different people. This is a dynamic and growing industry with endless possibilities.