Careers in the Financial Services Industry
The financial services industry is a massive one, with a wide range of jobs and products. It’s important to understand the role that each type of financial service plays in your own personal finances, and also in the overall economy.
Most of us think of banks, stock brokers and mortgage lenders as separate entities, but all of those fall under the umbrella term “financial services.” And that’s not even everything; there are plenty of other companies that can help with your money and investments. There are financial services companies that provide advisory or valuation services to businesses, or that assist with venture capital and private equity investments. Other companies offer credit card and loan services to consumers, or that facilitate payments between businesses by absorbing the interchange fees from card transactions.
While some of these companies operate independently, others are part of larger financial services conglomerates. These types of companies typically operate within a regulated environment, and are tasked with maintaining a certain level of excellence and transparency. These companies must be able to respond quickly to the changing needs of their clients, while still providing a high level of customer service.
Careers in the finance sector are not only lucrative, but they also come with relatively flexible hours and a less competitive atmosphere than some other industries. After a few years in the field, you can expect to be making around PS45,000, and that number will likely increase over time, as you gain experience and are promoted based on merit.