Careers in Financial Services

Financial services

Financial services is a term that encompasses a wide range of activities and companies within the finance market. This broad industry includes banks, credit card companies, investment firms and mortgage lenders. It also covers credit and credit-related businesses like debt collection, bankruptcy and credit-reporting agencies. Additionally, it includes a range of critical financial utilities, such as payment processing and credit-card issuance. Financial services is a very important part of the economy, and most people will come in contact with at least some aspect of it during their lifetime.

When people think of jobs in financial services, they often picture Wall Street, stock brokers and insurance agents. However, there are a number of other career paths in this sector that can be just as lucrative and rewarding. Here are four key roles that can help you find the right fit for your skills and interests in this industry.

1. Deposit-taking and lending of all types; investment banking; insurance; trust and agency services; securities; asset management; financial leasing; money broking; and financial or capital markets intermediation services (including advisory, research and brokerage, debt and equity underwriting, and mergers and acquisitions).

Unlike many other sectors, most financial service firms provide multiple different products and services. This can make it difficult to determine which role is the best fit for your experience and skills. A good place to start is by determining what type of financial services you would like to offer. Once you have narrowed down your options, it is important to consider whether you want to work for a large corporation or small firm.

2. Family office – An investment and wealth management firm that handles the investments of a wealthy individual or family. Typically, these firms serve clients with both a broker and a financial adviser who are both able to meet the needs of a client.

3. Private equity and venture capital – Provides funding to startup companies in exchange for ownership stakes or profit participation. Private equity and venture capital firms are an important part of the innovation ecosystem, and they provide funding to companies that may not be able to secure other financing sources.

4. Debt resolution – Provides assistance to individuals that are struggling to repay their debt. This can include negotiating with creditors, arranging repayment terms, or even filing for bankruptcy. Debt resolution services are an integral part of the financial services industry, and they play a critical role in helping individuals get their lives back on track after experiencing significant setbacks.

The financial services industry is a highly dynamic, fast-paced sector that is constantly changing and evolving. As a result, it requires an extremely high level of skill and knowledge from its employees. That is why many of the industry’s top employers invest heavily in their workers, offering continuous training and opportunities to grow within their company. In addition, pay in the industry is typically competitive, and early-career salaries can quickly escalate into the high five figures.