The financial services industry encompasses a wide range of businesses from credit card companies and lenders to banks and mortgage brokers. The industry is undergoing significant disruption from technological advancements and the need to keep up with customers’ increasing demands and expectations for their money.
The health of a nation’s economy is dependent in large part on the strength of its financial services sector. This sector advances loans to businesses, grants mortgages to homeowners, and issues insurance policies that protect people, property, and assets from loss. It also saves people money for retirement and other purposes by managing their savings and investments.
This sector is highly regulated to ensure the safety and soundness of financial institutions and markets. This means that a career in this industry can be challenging for those who are not comfortable with the extra scrutiny. It can also be stressful and lead to burnout, especially in roles that require long hours.
There are many opportunities for those with the right skills and education in the financial services industry. It is a competitive field, so you should have an impressive resume to be considered for a role. In addition to this, having a strong work-life balance is important for those in the financial industry as the work can be demanding and stressful.