Financial services are the money-related activities that support the lives of individuals, businesses and governments. This includes banking, borrowing and investing. This sector is extremely important because it is a vital part of the economy and enables people to buy goods and services.
Financial service companies can be found all over the world and they serve all kinds of customers. They include commercial banks, insurance companies, credit card companies and other institutions that offer a wide range of products. They also offer a variety of different services like securities trading, credit rating, debt resolution and global payment systems.
A career in the financial services sector is very rewarding as there are many job opportunities and you can move around within the industry quite easily. The salaries in this sector are generally quite high, and you can expect a lot of promotion opportunities.
Working in the financial services sector can be exciting as it gives you the chance to meet a lot of high-profile people. It is a great place to network and it’s not uncommon for people in the City to become life-long friends!
The different sectors in the financial services sector can be quite confusing and it’s important to know which one you want to work in. For example, an investment bank offers advice and research to companies that are looking to make investments, whereas a brokerage company helps the buying and selling of stock, mutual funds, shares and other financial instruments.