Financial services are a vast industry, covering everything from banking to investment management. They impact everyone, from big banks to small community banks and nonprofits.
The finance sector is an important driver of the economy, but it’s also a growing field that’s in the crosshairs as new tech innovators disrupt traditional business models. Technology advancements, consumer trust, and regulatory concerns are all affecting the financial industry and reshaping how financial services companies do business.
Pros of working in financial services
A major advantage to working in this field is that it’s one of the most diverse industries on earth, and you can get a wide range of experience. You can start in an entry-level role and work your way up to a position that’s tailored to your skills.
You can even go international if you’d like, as many firms are global organizations that need to hire professionals in various locations.
Unlike some other industries, financial services is one that requires a great deal of interpersonal skills, as you’ll often be helping others with their finances and dealing with complex issues. This is particularly true if you’re working in an advisory role and handling large-scale investments, as you’ll be spending much of your time with clients.
Professionals in this field report a high level of job satisfaction, with average ratings around 9.6 to 10 out of 10. The industry offers a variety of opportunities for career progression and growth, as well as excellent benefits and compensation.
You’ll find that many companies in this field offer extensive training and development opportunities to help you stay up-to-date with all the latest tools. This can be particularly valuable as you’ll be working in a competitive environment where you need to keep on top of industry trends and emerging technology.
The industry also offers a number of lucrative bonuses and rewards for employees. For example, you’ll likely be given stock options or profit shares if you’re an executive, and if you work for a financial institution, you can receive additional bonus incentives like free health insurance.
Another benefit is that you can easily transfer between offices, which is an especially valuable skill for those who are employed by a large firm with branches all over the world. You’ll also have access to the same global resources, including a strong network of other employees, and may be able to take advantage of international transfer programs or relocation incentives.
If you’re interested in a career in the financial services industry, check out Phyton Talent Advisors’ open positions today. Our team of talent acquisition specialists can assist you in finding a role that fits your unique needs and interests.