The financial services industry provides individuals, small businesses, large corporations and even the government with the capital they need to meet their goals. This includes banks, credit unions, pension providers, private banking and investment firms. But it also encompasses mortgage lenders, debt resolution companies, global payment networks (like Visa and MasterCard), currency exchange and wire transfer services, and credit card machine service providers.
A healthy finance sector makes it easier for people to obtain the money they need through loans and savings. It also safeguards their health and property through insurance policies, enables them to make progress toward retirement and other goals with investments, and ensures the longevity of their businesses with loans and cash management services.
If you choose to pursue a career in financial services, a degree isn’t always necessary. In fact, many businesses in this industry provide on-the-job training and rely on your interpersonal skills more than your education. And with new tools being introduced to the market seemingly every day, a willingness to learn is key to success.
Other perks of working in financial services include job security and high-profile clientele. This can be great for young professionals looking to gain experience and expand their network. Plus, many firms in this industry are known for promoting from within and value aptitude over tenure.