Choosing a Career in Financial Services

Financial services

Financial services is a vast industry encompassing the various businesses that help consumers manage their money, including credit card companies, banks and other deposit-taking entities, insurance firms, mortgage and loan providers, investment funds and all forms of financial or market intermediation. The financial services industry is also a key economic driver, influencing the success, standards and operations of other industries.

Whether you are looking to start a career in this sector or want to reevaluate your current job as a result of the coronavirus pandemic, there is no doubt that you will have an abundance of options. But with so many choices come a lot of questions. How do you know which role is the right fit for your career?

While you might not be able to find a financial services job without a degree, your education and experience are not always as important as the skills you possess. This is especially true in the digital gig economy, where a strong understanding of how to use technology will give you an advantage over your competitors.

With the advent of technology, more and more of financial services are becoming available to a broader range of customers. This includes things like credit cards that have built-in security features, and even payment platforms that can be used in-store to cut out the middleman, saving merchants interchange costs by as much as $90 billion annually. These innovations are putting pressure on legacy institutions to sharpen their own technological capabilities as they seek to maintain their competitive edge.

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