Financial services are goods or services that are provided to a customer. They require a lot of trust, which is essential for a market to exist. For example, purchasers of life insurance depend on the company to be there when they die, and they want to trust that the insurance company will pay the beneficiaries and will not cheat them.
Job descriptions
Job descriptions for financial services should be comprehensive and focused on the skills and experience required for the position. These positions typically require a combination of financial and quantitative skills as well as interpersonal and customer relationship skills. While some job descriptions are generic, others are geared toward specific types of banking positions, such as treasurer, loan officer, or financial analyst. All of these positions require knowledge of finances and the ability to track and monitor funds.
In order to create a comprehensive job description, a company should take the time to define the duties and responsibilities of each position within the department. While some job descriptions are similar across organizations, it is important to highlight the specialties and advantages of each one.
Education required
Obtaining a bachelor’s degree in a business-related field is typically the minimum education required for financial services careers. However, many employers will also require additional education, such as FINRA certification or sales skills. In addition, some positions require a securities license. To begin a career in the field, consider pursuing a degree in finance, accounting, or marketing.
Financial services careers typically involve working directly with clients. As such, communication skills are an absolute necessity. A degree in finance, accounting, business, or economics is usually required, as well as knowledge of foreign currencies and corporate governance.
Earning potential
The financial services industry gets a bad rap, but it’s not all bad news. If you’re ambitious and want to help others, this industry can be lucrative and satisfying. The industry is a vital part of our daily lives, and you can find many ways to make money in this field.