Career in Financial Services
Financial services are a large sector of the economy that includes commercial banks, credit card companies, stock brokerages and insurance agencies. They help consumers and businesses manage their finances and invest money. They also provide credit and loans, and help businesses acquire the necessary funding for expansion or acquisitions. Financial services are essential for the operation of any business or organization and play a key role in the global economy.
Financial service helps in mobilizing savings and investments of the public which leads to economic growth. It enables the growth of primary, secondary and tertiary sectors in the country for generating employment. It enables the people to diversify their investment and provides cheap long term loan to industries for their development. It helps in promoting international trade and increasing the flow of foreign direct investment in the country.
Besides banks, other organizations that offer financial services include trust funds and stockbrokers. These types of firms trade shares and other assets on behalf of clients, aiming to buy at a low price and sell at a high one. They are also involved in financial advisory and wealth management.
A career in financial services requires a lot of hard work and dedication, as well as a deep understanding of how the market works. It’s not uncommon for people in this field to work up to 20 hours a day, and the stress can be intense. Moreover, not all jobs in the industry will pave the way to your ultimate goals.