[ad_1]
Financial services offer diverse job opportunities, including entry-level positions, sales, underwriting, and lending. Customer service and administrative roles can lead to successful careers in finance. Brokers require a license and must comply with regulations. Successful brokers can become financial analysts or mutual fund managers.
Job opportunities for people seeking careers in financial services companies are many and varied, and some of the largest employers in the field include banks, insurance companies, and mortgage companies. People often start their careers at financial services companies by accepting an entry-level position before moving on to more specialized and higher-paying roles. In addition to jobs that require a background in finance or business, many employees who have experience in customer service or administrative roles go on to build successful careers in the financial services industry.
Insurance companies offer employees a variety of different career options ranging from sales to underwriting. Sales staff make outbound calls to both individuals and businesses, and are generally paid on a commission basis. Insurers must review applications for insurance and ensure that the company does not assume excessive levels of risk when issuing certain insurance policies. Within the realm of insurance, people can focus on different types of insurance, such as health, life, or auto insurance.
Teller positions are among the most prevalent jobs in the banking industry, and many people use these jobs as a platform to build successful careers with financial services companies. Tellers take deposits and provide cash to bank customers who are making withdrawals. Tellers typically have more direct interaction with account holders than any other type of employee, so banks require tellers to have good customer service skills. Experienced tellers often become customer service representatives, in which case they are responsible for opening new accounts and handling service problems. Successful customer service representatives move on to branch management positions or other specialized roles such as lenders or brokers.
Banks and home loan companies hire a large number of salespeople to work as lenders. Lenders typically start by writing residential property secured loans, but experienced lenders often take on commercial loan functions. Business loans are often more complex than residential loans, and people who specialize in writing business loans tend to earn higher commissions than residential lenders. People who have a background in auto or real estate sales often build successful careers with financial services companies that specialize in loans.
Finance companies and investment houses often hire salespeople from insurance firms or banks to become investment brokers. In order to have a career as a broker, the applicant must first pass a licensing exam. Brokers are closely regulated in most countries and must comply with laws regarding sales activities and disclosure of potential conflicts of interest. People who work as brokers are generally paid on a commission basis rather than a salary. Established brokers often become financial analysts or mutual fund managers.
Smart Asset.
[ad_2]