The financial services industry encompasses a wide range of activities that help people and businesses manage their money. It includes everything from savings and loans to investment products like mutual funds and stock portfolios. It also includes credit card companies and mortgage lenders.
A healthy financial services sector is essential to a country’s economy. It helps millions of people get the funding they need to purchase homes and cars through loans, it allows families to save for their children’s college educations and retirements, and it protects individuals from unforeseen expenses by offering health, home, car, and life insurance.
However, not all jobs in financial services are created equal. The industry is incredibly competitive, and it’s important to choose the right role for your career goals. That’s why it’s important to research the different sectors of financial services before applying for a job. Here are some of the most common types of financial services:
Banking
Banks provide a variety of financial services, including checking and savings accounts, loan services such as mortgages and auto loans, and investment products such as stocks, bonds, and mutual funds. In addition, they offer a number of convenience services such as teller machines, mobile apps, and ATMs.
The industry is regulated by independent agencies that are designed to oversee various financial institutions, ensure transparency, and protect consumers. Two such agencies include the Financial Industry Regulatory Authority (FINRA) and the Office of the Comptroller of the Currency (OCC).
Investors
Investors play an important role in the financial services industry, providing the capital that enables businesses to grow and expand. They can invest in both public and private companies, as well as real estate. In addition, investors can also provide financial advisory services to clients.
There are a number of benefits to working in the financial services industry, including competitive salaries and strong advancement opportunities. The more experience you gain in your field, the more responsibility you’ll take on and the higher your salary will be. According to Phyton Talent Advisors, a financial services professional can expect to earn up to PS45,000 after gaining some experience.
Although the world of financial services is extremely complicated, it can be an incredibly rewarding and enjoyable career. The opportunity to work in a growing and evolving industry is one of the many reasons why so many people pursue careers in this sector. If you’re interested in learning more about the opportunities available to you, contact a Phyton Talent Advisor today. Our team of experienced professionals is happy to assist you in your search for a position that’s right for you. Our goal is to help you find the job that will set you up for long-term success. We look forward to hearing from you soon!