Financial services is a wide-ranging term that encompasses any service sector firm or entity that offers economic financial services. These include deposit-taking, loan and investment services, insurance, reinsurance, credit card services, debt resolution services, global payment systems and credit card network companies, foreign currency exchange services, wire transfer services and even stock, derivative and commodity trading.
A healthy and functioning financial services sector helps individuals by allowing them to get loans for mortgages, cars and home improvements. It helps them save for retirement and children’s college educations, safeguards their property through insurance and keeps businesses growing with a steady flow of capital.
Despite these benefits, many people struggle with debt and basic money management. And as more of us choose to work from home during the Covid-19 pandemic, financial services providers must sharpen their remote offerings while still ensuring their customers are safe and secure.
This complex industry is incredibly dynamic, with new tools and technologies emerging seemingly every day. But what remains constant is a strong drive to provide the highest quality products and services to their clients. As a result, many of these firms are heavily invested in their employees, offering intensive training, mentorship and the opportunity to grow into new roles as they gain more experience. In turn, this makes a career in financial services highly rewarding, especially with the potential for high salaries and perks.