The financial services industry provides a wide variety of economic services. It is comprised of various types of businesses, including banks, credit-card companies, and credit unions. Financial services are important to many people’s lives, because they allow them to manage their money effectively. These services also help people make decisions about their future.
Banks are a common example of financial services, as they accept deposits from customers and provide credit facilities. They also underwrite private and public sector debt, and provide advice to companies on mergers and acquisitions. Some banks also provide structured finance, where they develop complex products for high-net-worth individuals and institutions. Investment management is another type of financial service, which manages an individual’s money and investments.
There are many different types of jobs within the financial services industry, making it hard to determine which is the best fit for you. But before you choose your career path, it’s important to understand the basics of each role. The job descriptions below are an overview of four different types of positions in the industry. This can help you determine which one is the best match for you.
Several government agencies regulate financial services. These regulators ensure the quality of financial services, as well as fair treatment for customers.