Financial services encompass all businesses and organizations that deal with money. They offer consumers and businesses many different ways to save and invest their money, as well as providing loans, credit cards, insurance, and more. Financial services also include various auxiliary businesses, such as accounting and tax preparation services, currency exchange and wire transfer services, credit card machine and network services (Visa, Mastercard), debt resolution companies, and global payment services providers like Western Union. The industry is huge and has a significant impact on people’s lives every day. Here at Phyton Talent Advisors we work with professionals in the sector and know first hand how rewarding it is.
A career in Financial services is highly rewarding because of the variety of opportunities that are available. With new tools being introduced to the field seemingly daily, you are constantly learning and expanding your knowledge base. This means that you’re always growing your skill set, and it’s not uncommon to find yourself promoted quickly into a higher position.
Moreover, financial services employers are known for investing heavily in their employees. They provide on-the-job training, intensive mentoring, and give aspiring financial services professionals the chance to gain experience in a number of different departments before they are given responsibility in their chosen field. This is a big part of why this industry attracts so many young candidates.
Another great benefit of a job in Financial services is the opportunity to make lifelong friends. The people you work with on a daily basis are often high-profile individuals, and this gives you the opportunity to build a strong network that can open up many doors in your future.
As a professional in the finance industry, you are an important member of your local community and the wider economy. You power NYC’s and the world’s economy, and with this comes the opportunity to change people’s lives on a daily basis.
When it comes to the future of the financial services industry, there are a few things that need to be taken into consideration. One, the industry needs to focus on enhancing customer experience and making it easier for consumers to meet their financial goals. This can be achieved by implementing new digital technologies that will allow the industry to scale and increase efficiency.
It’s also important to note that the future of financial services will be driven by innovation. As customers become more sophisticated, it will be up to the finance industry to evolve and adapt to their changing needs. This is a key factor in creating a new normal for the financial services industry, where profits and purpose are inextricably linked.