The careers
available in the finance and banking sector will include a range of finance and
banking management services, including but not limited to retirement plans,
investments, and savings. You can start your career as an analyst, financial
adviser, sales, and customer service. People in this industry will work in a credit
agency, loan and saving organization, mortgage companies, and commercial banks.
Career Opportunities in Finance, Banking and Insurance Sector
The occupations in
banking will involve careers on credit cards, investment, corporate, private,
retail, and the core of the banking activities. On the other hand, insurance
sectors will include non-life and life insurance products. Financial careers
include international finance, mutual funds, and stockbroking.
Banking
The banking sector
can be divided into three areas; Retail, Corporate, and Investment banking.
·
Retail- The retail bank is responsible for dealing with public financial
transactions. They provide a wide range of services, including credit card,
foreign exchange, mortgage, investment account, loan account, and savings
account.
·
Corporate- Corporate banks deliver services for entrepreneurs and
business clients, including commercial states, major companies, and financial
institutions. Most of the central banking institution has a division for
corporate banking.
·
Investment- The customers' money will be invested in stock, gilts,
bonds, and foreign exchange.
Fresh graduates of
finance, economics, accountancy, and business will choose to enter the banking
sector. Those who prefer to work as a cleric will need to possess Leaving
Certificate. A banking institution will choose a prospective applicant who has exemplary
communication skills. Other career opportunities in this sector include bank
manager, assistant manager, and sales representative.
Insurance
It is pretty hard
to imagine a world without access to insurance. Insurance encourages people to
take risks. Taking risks allows businesses to reach new heights, leading to
innovation. The primary role of the insurance sector is to protect the
organization against unforeseen circumstances and threats. Here are some career
opportunities in this sector.
·
Brokers- They are the intermediaries between the customers and the
insurance companies.
·
Claim Handlers- are responsible for investigating the incidence related to
the claim and settling the claims.
·
Actuaries- use mathematical and statistical techniques to study the past
and predict possible outcomes.
Financial Service
The financial
service can be divided into insurance, investment planning, banking, and
financial management. This sector has been proven lucrative for people who are
ambitious and energetic. The usual career path you can take includes hedge
funds, public accounting, insurance, and financial planning. You can also
become a quantitative analyst, compliance officer, trader, and financial
analyst.
Individuals, who
want to enter finance, banking, and insurance, will need to have thorough
attention to numbers and details. They should also possess solid mathematical
skill and communication skills. They should have a fantastic ability to solve
problems related to managing funds. Understanding the standard procedure and
regulations in this industry will improve your chance of landing the job.
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