Financial services encompass everything that has to do with money. From stock exchanges and bankers to credit agencies and insurance companies, financial services touch everyone in big and small ways. This sector includes personal finance (how people manage their earnings, spending, savings, and investments) as well as corporate finance (the study of the money and financial tools that businesses use).
Pros of Working in Financial Services
A career in financial services can be highly rewarding. As an in-demand industry, the jobs that you can find within this field offer high salaries and excellent opportunities for growth. Additionally, most positions in this field are very stable and provide excellent job security. Furthermore, since it is a large industry, there are many different options to explore when it comes to working in this field. This makes it easier to switch companies and even cities if you feel like you want a change.
Cons of Working in Financial Services
The financial services industry is incredibly competitive and can be challenging to break into. A bachelor’s degree is often required for entry-level roles, however, you may be able to enter the industry without one if you have a strong network and the ability to demonstrate your skillset during an interview process. Additionally, you can always look for an internship or entry-level position that will teach you the ropes. This is a great way to build the foundation of a career in this field.