Careers in the Finance, Banking and Insurance Sector

 

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.