The financial services industry is made up of a wide range of professional firms that offer various services for people, businesses and governments. Financial services help to manage people’s money, provide them with investment opportunities, give them access to credit and protect their assets. The four main categories of service that make up the industry are banking, insurance, investments and capital markets. In the past, each sector of this industry more or less stuck to its own specialty. Banks offered checking and savings accounts, loan associations provided mortgages and personal loans and brokerage companies sold stocks, bonds and mutual funds.
These days, however, a lot of the companies that comprise the financial services industry are much more diversified. Banks now offer everything from investment advice to consumer banking. Insurance companies now sell life, health and home insurance. They also manage pension funds and invest in the stock market. Many of these companies now have a global presence and operate in multiple countries around the world.
One of the reasons that many people choose to work in this field is that it’s a career that is considered very satisfying. When surveyed, professionals in the industry rate their job satisfaction at 9.6 or 10 out of 10. This may have something to do with the fact that most of the time, working in this field does not require a degree and many companies are willing to invest in the professional development of their staff.
In addition, people who work in the industry often have very flexible schedules. This is particularly true for professionals who work in customer support and accounting. They can usually work from home or the office, and they can adjust their schedule depending on the needs of their clients.
Another reason why people like to work in this field is that it can be a great place for young people to build their career. People who start out in a junior role can quickly rise to a more senior position if they are willing to put in the effort and develop their skills.
A final reason why many people are attracted to this field is that it provides a good salary, and this can be very attractive for younger workers. As a rule, the salaries are higher than in some other fields, and there is the potential to make large amounts of money very quickly, especially if you are able to move up the career ladder fast.
As new technologies are constantly being introduced, it is very important that people in this field stay up to date on the latest tools and techniques. This is why many companies offer a lot of on-the-job training and encourage professionals to attend courses, seminars and workshops.
If you would like to know more about the many roles available in the financial services sector, please contact us at Phyton Talent Advisors. Our team of experts can advise you on what positions are currently open.