Financial services are the parts of the economy that help people manage their money. These include banks, investment firms, credit unions, insurance companies, and credit card processing networks. The industry is a crucial component of the national and world economies and influences both individuals and businesses.
Many of these services help people deal with unexpected expenses. For example, some financial services companies provide debt resolution services that can negotiate with creditors to allow customers to pay less than they owe. Others help consumers find mortgages and other home loans that fit their budgets. Still, others offer investment advice and stock brokerage services. Many of these services are offered by large, for-profit corporations, but some are provided by community-based nonprofits such as credit counseling agencies and money management counselors.
To break into this field, you should have a college degree and be ready for an intense work schedule that will require a lot of on-the-job training. If you’re serious about making it in this sector, a four-year degree in business administration will open the most doors and give you more options down the road.
While this industry is lucrative, it requires discipline and intelligence. You should be prepared to dedicate years to finding a position and carving out a long-term career in it. However, with a clear vision and unwavering perseverance, you can succeed in this dynamic industry.