A healthy financial services sector is essential to our economy. It allows individuals to borrow money for things like mortgages, cars, and education, saves them money by offering savings products, protects their property and health through insurance policies, and helps companies grow by lending them capital in the form of loans and equity investments.
Financial services include deposit-taking; lending of all types; financial leasing; payment and money transmission services; securities trading and underwriting; asset management, including pension fund management; and all other auxiliary services to finance (including credit reference, analysis, and intermediation).
These companies are the backbone of our global economy and provide critical services to everyone from homeowners to small businesses. They also create jobs, offer investment opportunities, and help with wealth creation and preservation for individuals. In addition, these services are heavily regulated by independent agencies to ensure transparency and protect consumers.
For those interested in getting into the industry, it is important to know that you will likely have to burn some midnight oil at the beginning of your career. It is not uncommon for those working in some positions to work 16 or 20 hours a day. For this reason, it is best to focus on finding entry-level positions that can pave the way for you to achieve your career goals. The key is to build your network and find a position that will enable you to grow within the organization. This will ultimately give you a better chance of moving up the ladder, rather than sending your resume out to many different positions that won’t advance your career.