Whether you’re an entrepreneur or looking to secure your future, there are many career options in the Financial services industry. Here at Phyton Talent Advisors, we work closely with professionals in this sector and see the benefits of a career in this field firsthand.
The Financial services industry encompasses everything from banking, investments, credit and financing to insurance and more. This includes independent agencies that regulate financial institutions, such as the Financial Industry Regulatory Authority and Office of the Comptroller of the Currency. Additionally, it includes investment banks and other providers of capital markets products, such as securities brokerages. Finally, it also includes other key organizations that provide critical financial utilities, such as credit card networks and processing companies.
Most people are familiar with banking services, which include depositing and withdrawing money from a bank account. However, most are not aware of the other services that are part of the financial services industry. For example, consumer finance includes credit cards and mortgage lending. Another important type of service is insurance, which protects individuals and businesses from large expenses. The most well-known form of insurance is automobile and homeowners’ insurance, although there are countless other types.
Some of the largest financial services firms are conglomerates that offer a wide range of services. These include universal banks, which are engaged in both retail and wholesale banking, as well as asset management companies, which manage pensions, insurance assets, hedge funds and mutual funds. Additionally, many insurance companies are involved in the business of selling reinsurance to other insurers, protecting them from catastrophic losses.