Financial services are a huge industry that affects everyone in some way. They encompass everything from hedge funds to small community banks, and include both for-profit and nonprofit ventures. It’s an enormous sector, and not all positions are created equal. As a result, it’s important to choose the right one for your career goals. In the following article, Phyton Talent Advisors shares some tips to help you navigate this important industry!
Essentially, financial services are “everything that touches money,” explains Ryan Duitch, president and CEO of Arro. These types of companies include credit unions, investment agencies, stock market brokers, and even nonprofit organizations that offer counseling or money management advice. They also include the big names in finance, such as bankers and investment portfolio managers.
The financial services industry is constantly changing and evolving, thanks to rapid advances in technology. For example, the rise of mobile banking has opened up new ways for consumers to connect with their money and manage their finances. It’s important to keep up with the latest trends in the industry so that you can better serve your clients.
People who work in financial services tend to be very happy with their jobs. In fact, when surveyed, these professionals rank their job satisfaction very high—between 9.6 and 10. The good news is that there are plenty of opportunities for people to break into the field. For example, many entry-level roles don’t require a degree. However, it’s still a great idea to have a strong network and get some on-the-job training.