The Financial Services Industry
The financial services industry is comprised of a wide range of professional firms that help with the making, investment and management of money for people and organisations. These include banks, trust funds, stockbrokers, insurance companies and brokers.
Banking and lending – Banks provide checking accounts and savings accounts and loans to people who want to buy a car or a house. They also lend money to businesses for things like hiring employees and purchasing equipment.
Structured finance – This is a branch of banking that works to generate capital for businesses, governments and other entities by providing debt and equity. These organizations work on mergers and acquisitions, initial public offerings of stock (IPOs) and other transactions.
Insurance – This is a type of financial service that helps protect people from losing their assets or income. This can include life insurance, disability income insurance and health insurance.
Business finance – The financial services sector is one of the major contributors to economic growth. This is because the presence of a financial institution makes it possible for the producer to get funds to boost production and increase profits.
The financial services sector is a good career choice for anyone interested in working with people and helping them manage their money. It offers a variety of opportunities and a high level of job satisfaction. As a financial services professional, you’ll likely be given a lot of responsibility early on and have the training and mentorship you need to succeed.