The financial industry is divided into financial services, investment instruments, and the stock market, each offering various job opportunities. Entry-level jobs require customer service skills, while senior management positions require a master’s degree and experience. Specialized sectors include mortgage underwriting and auto financing.
The financial industry can be divided into three broad categories: financial services, investment instruments, and the stock market. Each of these areas offers a wealth of jobs and opportunities. Invest the time to learn more about these industries and the job requirements to find an area that is right for you. Experience in one area of the large financial industry is easily transferable to another sector, providing a broader pool of potential employers.
The financial services sector includes banks, loan companies, and credit card companies. All of these companies are focused on providing a financial service that consumers require on a daily basis. Entry-level jobs are available in customer service, account management, and system operations.
Intermediate and supervisory positions require post-secondary education in accounting or business. These types of roles include administration, systems implementation, business analyst, and technical support. Senior management positions require a master’s degree and at least ten years of experience in the financial services industry.
Investment companies buy mutual funds, long-term bonds, and other financial tools. Customer service and customer account management positions are the typical roles available in the entry-level position. The minimum educational requirements are a certificate in investment and customer service training.
A large number of the positions available at an investment firm are related to sales and sales management. Post-secondary education is required for management and computer systems positions. An accounting degree is required for all budget and account reconciliation positions, as these positions have very complex duties.
The stock market is a sector of the financial industry that allows members of the public to invest in and hold shares in large publicly traded companies. The buying and selling of stocks is affected by a company’s financial performance, market conditions, and other factors. Entry-level positions in this sector are customer service, data management, and sales positions.
Positions as a trader or stockbroker require an advanced certificate in financial trading and some states require a license. Management positions and above require a post-secondary education in business or accounting. Jobs in systems management, maintenance, and analysis are widely available and depend on familiarity with computer systems.
Within these areas of the financial industry, there is a wide range of specialist or specialized sectors. Mortgage underwriting and servicing is a very important sector of the financial services industry, offering jobs such as mortgage brokers, account managers, and sales representatives. Auto financing is another sector that offers opportunities for loan officers, credit managers, finance managers, and customer service personnel.
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