Financial services are the firms that support an economy’s money system. They include banks, investment houses, credit and finance companies, real estate agents, and insurance agencies. Financial services are important for an economy because they help people save, invest and buy goods and services. They also help people manage their debt and finances.
Many entry-level positions are available in financial services, which gives young professionals the chance to start at a company and work their way up. Companies are known to promote based on aptitude over tenure, making it easier for new graduates to find success.
A common career path is starting in an administrative role, such as a data analyst or an assistant to a finance manager. This allows you to learn the ropes and get a feel for the industry before moving into a more hands-on position such as a financial advisor or portfolio manager. You can also pursue a career in asset management, where you help individuals and businesses invest their funds.
It’s common for financial services firms to offer multiple products and provide different types of services. This makes it more competitive for companies to stand out and attract customers. For this reason, it’s essential for financial services professionals to stay up-to-date on trends and technologies within the industry. In addition, it’s crucial to have a solid network that can connect you to the right people in order to land an exciting and rewarding career in this field.