A Career in Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of service sector firms that provide financial management, including credit unions, banks, credit-card companies, insurance agencies, investment banks, and mortgage lenders. The financial services industry is a critical component of the world economy, providing individuals, small businesses, large corporations and the government with the money they need to thrive.
People who work in the finance industry often have a lot of hard skills, such as math and data analysis, but also have soft skills like interpersonal communication and collaboration, which can make them successful in many different kinds of roles. A career in financial services is not for everyone, however, as it can be stressful and demanding. The pay in this field is typically good and positions tend to be very secure, but it’s a field that requires intense, ongoing training, which may not be ideal for those who want a work-life balance.
With a healthy financial services industry, individuals can borrow money to buy homes or cars, save for retirement or other goals, and safeguard their health and property through insurance coverage. But despite these positives, too many people lack basic understanding of financial products and services and struggle with debt and financial stress. This makes it crucial to support and promote financial wellbeing by helping people get the right information about their money, take control of their finances, and save for the future.