What students don’t know about Banking and financial services

What students don’t know about Banking and financial services 

Work in banking and money management services such as saving, investing and retirement plans. Careers range from customer service, financial advisers and analyst positions.

Typically, banking and money management services careers thrive in commercial banks, mortgage companies, savings and loan establishments and credit unions. Government agencies and companies also require financial services professionals to manage their portfolios and statements and also to audit and regulate other institutions.

The banking and financial services field is large with many opportunities for growth. In order to get into the banking and financial services field, most positions require a bachelors degree in finance or business related field. Banking and financial services professionals can expect to work in an office or banking environment. They typically work Monday to Friday work hours, but may need to work overtime when necessary. They should enjoy working with numbers, have strong analytical skills and excellent communication abilities to work with customers, clients and stakeholders.

Professionals involved in financial services research, plan and lead financial plan activities to invest and manage resources for companies and organisations. They must be able to interpret financial statements and predict future market changes to recommend beneficial investments and manage financial funds. Financial services professionals such as financial managers manage the cash flow for companies and organisations, overseeing the preparation of financial reports and working with investment strategies.

Individuals seeking a career in banking and financial services may gain experience first in customer service positions in banks, lending institutions and credit card companies. They can also work in account services, facilitating account transactions for banks and loan service organisations. They may then move on to sales positions where they can provide information to investors about stocks, bonds and retirement funds and assist customers with mortgage loans. 

Financial analysts typically work for investment banks, insurance companies, mutual fund organisations, and pension and securities firms. They provide analytical expertise to the company or organisation on investment predictions and strategies. Overall, banking and financial services is a strong and powerful industry to be in.