Financial services are “everything that touches money.” The sector encompasses everything from banks and hedge funds to credit-card companies, debt resolution firms, investment advisers, and even insurance brokers. And while it’s easy to think of the sector as composed of a few large, multi-national banks, the reality is more complex. Financial services are more than just the industry that carries our money—they’re also the industry that supports our standard of living and business operations.
The sector is all about intermediation, which involves channeling savings from savers to borrowers and redistributing risk. Providers of financial services help people put their money to productive use, from investing in the next great technology to helping a family buy a home. They do this by aggregating and monitoring savings, creating value for investors, and pooling risk so that one bad apple doesn’t bring down the whole financial system.
Because of its complexity and impact on our lives, the financial services sector is highly regulated. There is constant pressure to be innovative and improve customer service, with a strong focus on risk and return. And with new tools being introduced seemingly every day, this is an industry where you will never stop learning.
As a result, the career opportunities in financial services are endless. There is no better time to start a career in this exciting industry. Contact Phyton today to see our current openings in this dynamic and rewarding sector!