Financial services are a vital part of everyday life. They allow consumers to buy and sell goods and services. Also, they enable companies to raise finance.
Some financial services include insurance, which protects property and life. Another important subsector is investment management, which is used to manage assets in order to achieve investment goals.
Financial services also provide customers with various types of credit facilities. For instance, American Express is a popular payment company that offers co-branded cards with hotels and restaurants. In addition, many community-based nonprofits provide financial counseling and money-management advice.
The financial services industry also includes various regulatory agencies. These organizations ensure that consumers are treated fairly and that financial institutions operate safely. Specifically, the Financial Industry Regulatory Authority (FINRA) and the Office of Comptroller of the Currency are key players in this sector.
To determine which career path is right for you, you should first look at the different roles within the financial services industry. Depending on your interests and skills, you can pursue one of four key positions.
Insurance agents offer many services, including property damage and liability protection, as well as resolving debt issues. They shop around to find the best insurance policies for their clients.
An investment portfolio manager or advisor is a good option. However, a successful career in this field also requires interpersonal skills. A strong network is an asset in the financial services industry, as it allows you to develop contacts and vouch for your talents.