Careers in Financial Services

Financial services are those industries which provide people and businesses with a range of options to access money. This includes banks, brokers, credit card companies and more. It also encompasses those that provide investors with a variety of investment opportunities and insurance firms that protect them against loss or damage.

It is a very important industry that supports many other industries. It promotes investment which in turn leads to growth in other sectors and ultimately increases the standard of living. In a country, it can also give fiscal and monetary benefits to backward regions in order to help them catch up with the rest of the economy.

There are many different types of careers available in financial services, but it can be hard to decide which is right for you. While it’s true that you can make a great salary in this field, there are some other things to keep in mind before you start searching for a job.

Before the 1970s, each sector of the financial services industry stuck to its own specialty. Banks offered checking and savings accounts, while loan associations provided mortgages. Brokerage firms provided investors with a place to buy and sell stocks and bonds. Credit card companies, like Visa and MasterCard, provided credit cards. By the 1990s, however, these lines started to blur. Many companies began offering products outside of their original range and even merging with other financial services companies to form giant conglomerates.