Financial services are the activities and transactions that support businesses, individuals, and governments as they pursue economic goals. They involve the inflow or outflow of money, including buying and selling products (or assets), issuing stocks, making debt repayments, and maintaining accounts. Governments are involved in financial services when they levy taxes, which further specific monetary objectives. Financial services also include a broad array of critical financial utilities, such as clearing houses, derivative and commodity exchanges, and payment systems.
The financial sector is one of the largest industries in the world, and it’s important to understand how this industry functions in order to effectively manage a company or organization within the field. To do so, you’ll need to be familiar with the various types of financial services available and their respective functions.
Careers in Financial services are lucrative and offer a good work-life balance. The average entry-level salary is PS45,000, and if you are able to excel in your role, you can earn well into the high 5 figures.
To break into the industry, networking is crucial. Having connections who can vouch for your abilities and character will help you get ahead in the game. It’s also important to target jobs that are a good fit for your skills and experience rather than applying to every single position on the market. Lastly, don’t be afraid to explore internship and job shadowing opportunities to gain valuable hands-on experience in the field.