When you think of financial services, you may envision banks, brokers and mortgage lenders—but the industry is much broader than that. It encompasses anything that involves money, and includes not only the major players of Wall Street but also small community banks, credit card companies, payment networks, debt resolution services, global financial exchanges and more. The sector touches everyone from individuals to businesses to governments.
Financial services help people obtain loans for a home, car or college education; save for retirement, emergencies and other needs; and safeguard property and health through insurance. This industry is essential to the economy, and it employs millions of people around the world.
Unlike some other industries, jobs in financial services don’t always require a college degree. However, having a degree can help you move up the ranks faster. It is important to learn and grow your skills as the industry changes quickly, and new tools are introduced every day.
Another perk of a career in this field is that it often offers good job security. You’ll have a variety of options for positions, and it’s easier to relocate because this is an in-demand industry. It is important to have a strong work ethic and be quick-thinking in this competitive industry. Many jobs in financial services offer a balanced lifestyle between work and personal life. You’ll likely have to travel for meetings and conferences, but you’ll be able to work with people from different cultures and backgrounds.