If you want to have a career that enables you to be in control of your finances, and that provides opportunities for you to help others do the same, then financial services might be the sector for you. This group includes banks, credit unions, mortgage lenders, brokers, investment advisors, Wall Street and more. The sectors within this field all play important roles in a healthy economy and they don’t just serve individuals; they also provide large companies, nonprofits and even the government with financial services.
When people feel in control of their money they have more confidence, they are more likely to save and invest, and they are more resilient when unexpected life events occur. That’s why we need a strong financial services industry, and 2023 is set to be an exciting year for it.
While it might seem that each sector of the financial services industry sticks to its own area of expertise, it wasn’t always this way. Banks offered checking and savings accounts, while loan associations provided mortgages and auto loans. Brokerage firms provided investors with investing opportunities in stocks and mutual funds. Credit card companies like Visa and MasterCard solely offered credit cards.
Today, however, these sectors are more interconnected than ever before. In fact, it’s quite rare to find a job in one of these fields that isn’t at least somewhat related to another sector. A successful career in the finance industry requires a wide variety of skills, and that’s great news for those interested in it because it means there are more ways to get involved.