Financial services is a huge industry that covers everything from banking, investments, lending, insurance and more. This sector is essential to a country’s economy as it allows people and businesses to borrow and spend money securely, invest in new projects and grow their companies. It also helps backward regions catch up to the rest of the country in terms of economic development by offering tax and credit incentives.
Careers in the financial services sector pay a lot more than other industries, and you have the opportunity to work your way up quickly, particularly in investment banking or asset management. However, if you’re not quite ready to jump straight into the job market after graduating, you might want to consider a graduate scheme in another area of the industry. The different options available are incredibly broad, so it’s important to choose the right route for your skills and personality.
One of the most popular areas for careers in finance is insurance – providing a safety net for those who need it in case of unforeseen circumstances. This includes health, car and home insurance as well as other types of coverage.
Another large part of this industry is investment banking, where you help other companies raise money by selling their shares or other securities. You might also work in a more specialised role such as data analysis, reporting or compliance – setting and enforcing rules that govern the sector. In all of these areas, you need to be able to handle stress and long working hours.