A Career in Financial Services
Financial services are a broad sector that includes everything from credit unions to hedge funds. It’s also a big business that impacts everyone in both small and large ways. When people hear the term, they might think of banks, loans and credit cards. However, it’s important to remember that not all financial services firms are for-profit ventures. Financial services also includes nonprofits like community-based counseling agencies and money management advice organizations.
The strength of a country’s financial sector is vital to its prosperity. It helps people make big purchases and save for the future. A strong financial system also helps businesses manage risk. But a poorly functioning financial industry can be detrimental to a country’s economic health and can lead to recessions.
It’s also important to remember that a career in financial services doesn’t require a college degree. Many entry-level positions for the industry are available for those with strong interpersonal skills and a passion to help people manage their finances. The pay in the field isn’t vast, but it’s competitive. After a few years, you could be making PS45,000 or more, with the potential to increase into the high five figures.
Another advantage of working in this industry is the ability to travel. Especially with multinational firms, you’ll have the option to transfer internationally if that suits your career goals. But be aware that the long hours and stressful work can have a negative impact on your mental health.