Financial services are economic services tied to finance provided by financial institutions. These institutions may be banks, credit-card companies, investment firms, and insurance companies. In addition, they can be community-based nonprofits that provide counseling services or money management advice. Financial services are important not only for individuals, but also for small businesses, large corporations and the government.
The financial sector has a vast number of career paths, and it can be confusing for someone who is interested in a job in this industry. Duitch suggests that anyone considering a position in this field should think carefully about what their goals are and make sure that the job they are considering will pave the way to achieve those goals.
Some jobs in the financial sector are more obvious than others, such as an investment banker or a mortgage lender. However, some are less obvious, such as PayPal’s role in moving money from one account to another or a company that provides debt resolution services.
The financial industry can be a fast-paced environment, which can lead to stress for workers. It is not uncommon for people in certain roles to work 16 to 20 hours a day, which can be difficult for some individuals to balance with their personal lives. Additionally, because this is such an integral part of our economy, there are many rules and regulations in place that can sometimes hinder growth and innovation. However, if you have the right skill set, a career in financial services can be an exciting and rewarding option.