Financial services is the industry that deals with money-related activities for individuals, businesses and governments. This includes everything from investments to lending and insurance. It also includes the payment systems that enable e-commerce and other forms of digital money transfer.
The financial sector is a hugely important part of the economy. It plays a vital role in helping people and businesses secure loans for mortgages, cars and education, protects their belongings through insurance policies, and saves for retirement or other goals. A healthy financial services sector can help a country prosper and drive other industries to set higher standards, achieve greater profitability and serve customers better.
There are many different jobs within the financial services industry, and each offers a unique challenge that can be very rewarding. This industry is very fast-paced, and there are often opportunities for growth for those who excel. The pay is also often very competitive, especially in entry-level positions.
One of the most popular areas for careers in finance is banking. This area of the sector includes commercial banks, credit unions, community development financial institutions and savings and loan associations. Banks can offer a wide range of services to their clients, including investment banking, wealth management and commercial lending.
Another area of the finance industry is asset management. These services include managing investment portfolios on behalf of a client, as well as providing advice and guidance to individuals and businesses on their investing needs.