Financial services encompass a variety of business sectors that include banking, insurance and capital markets. This industry is regulated by government agencies to ensure that consumers are protected and the marketplace remains fair.
Whether you are a seasoned professional or just starting out, there is a place for you in the world of finance. Financial services companies often provide training opportunities to help you advance in your career. They also value experience and tend to promote from within. A financial services job is a great choice for individuals who want to work in an industry that plays a critical role in everyone’s daily lives.
The banking industry has changed a lot over the years. In the past, banks provided only a handful of services, such as checking and savings accounts, loans, mortgages and credit cards. But nowadays, they have branched out and now offer almost everything that people need to manage their money.
These companies also offer investment products, such as stocks and mutual funds, and advisory services to assist customers in making those decisions. And they facilitate the flow of cash between consumers and businesses, by providing payment services such as processing electronic fund transfers, issuing debit and credit cards, and managing payment systems.
The growth of technology has helped this industry thrive in the past few decades. It has made it easier for clients to check their bank accounts online, securities firms to operate on a global scale and insurance companies to look up information about potential subscribers more quickly.