Financial services are economic services that support the making, investment and management of money. The industry includes everything from credit unions and bank branches to credit card companies, insurance providers and even global payment networks like Visa and MasterCard. It also includes the financial markets and services that allow businesses to buy, sell and exchange assets, such as securities and commodities.
People use financial services when they want to invest in something and reap rewards, such as a house or car, or when they are looking for a way to protect themselves from risk, such as an insurance policy against fire or theft. They are also needed to help with everyday money matters, such as spending, saving and borrowing.
When most people think of jobs in the finance sector, they immediately imagine banks, brokers and mortgage lenders. However, these are just a small part of the financial services industry. It also includes trust funds, investment firms and even stockbrokers. The financial services industry provides individuals, families, small businesses, large corporations and even governments with the financial products and services they need to thrive.
A career in financial services can be a lucrative option for many, offering great benefits and often allowing workers to move up quickly. The pay is also usually good, with entry-level positions starting above average. Additionally, many businesses in this sector are heavily invested in their employees and provide on-the-job training as well as a solid career path to advance.