Financial services are a vital part of any economy. Banks, investment firms, credit unions, mortgage companies and insurance agencies are all part of the industry. These services help people and businesses save money, invest in new projects, purchase consumer goods and more. They also create jobs and provide valuable economic benefits.
A healthy financial sector allows individuals to borrow for homes, cars, education, and more. It helps businesses grow and expand, and safeguards property and health with insurance. Financial services also provide investors with ways to increase their wealth through stocks, bonds, mutual funds and more.
Many of these services are highly dependent on technology. Online banking has made it possible to check account balances at any time, and the securities industry relies on computers to analyze markets and create investment strategies. The sector is constantly evolving to meet the needs of clients, and employees are encouraged to continue their education and learn new skills.
It is possible to break into the field without a degree, but it may take longer. Many financial services companies offer entry-level positions that allow workers to gain experience and eventually move up the career ladder. It’s also important to have a strong network in order to land a job in the industry; getting connected with someone who can vouch for your character and abilities may be a good way to start. Once in a position, it’s common for employers to provide extensive training and mentoring opportunities.