Financial services are all the activities that businesses, governments and individuals engage in as they seek to further their monetary goals. These include buying and selling products (or assets), issuing debt and loans, investing funds, as well as levying taxes that further specific monetary objectives.
Those who work in the financial services industry often have a variety of career options and are often highly skilled. However, it’s important for those looking to start a career in this sector to remember that the industry can be extremely competitive. It’s not uncommon for employees in certain roles to work 16 to 20 hours a day, which can lead to burnout and an inability to balance their personal and professional lives.
Those interested in a career in the industry should also remember that entry-level jobs are important, as they allow those new to the field to gain experience and build relationships within the industry. It’s also a good idea to find a mentor within the industry, who can offer guidance and support on how to succeed in their job. Finally, it’s important to stay on top of the latest trends and developments in the industry, as these can impact the future success of a company. With technological turbulence, like generative AI, cloud transition and increased fraud and security risk, constantly on the horizon, it’s crucial to be prepared to tack in any direction the wind blows. This will require an agile approach that allows companies to quickly respond to prevailing economic winds and customer demands.