The financial sector has three categories: financial services, investment instruments, and the stock market. Each offers various job opportunities, with entry-level positions in customer service and account management. Higher positions require post-secondary education and experience. Specialized sectors like mortgage issuance and self-financing offer more job opportunities.
The financial sector 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 job requirements to find an area that’s right for you. Experience in one area of the large financial industry is easily transferred to another sector, providing a larger pool of potential employers.
The financial services industry includes banks, loan companies, and credit card companies. All of these companies are focused on providing a financial service that consumers demand on a daily basis. Entry-level jobs are available in customer service, account management, and system operations.
Intermediate and supervisory positions require a post-secondary education in accounting or business. These types of roles include management, 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 instruments. Customer Service and Client 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 positions available in an investment firm are related to sales and sales management. Post-secondary education is required for managerial and computer systems positions. An accounting degree is required for all account reconciliation and budgeting positions, as these positions have very complex tasks.
The stock market is a sector of the financial industry that allows members of the public to invest 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 industry are customer service, data management, and sales positions.
Trader or stockbroker positions require an advanced certificate in financial trading, and some states require a license. Management and senior positions require a post-secondary education in business or accounting. Jobs in system management, maintenance and analysis are widely available and rely on familiarity with computer systems.
Within these areas of the financial sector, there are a wide range of specialized or niche sectors. Mortgage issuance and management is a very important part of the financial services industry, offering jobs as mortgage brokers, account managers and sales representatives. Self financing is another industry offering opportunities for loan officers, credit managers, financial managers and customer service personnel.
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