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Good money management is the key to long term financial success, and it is
even more crucial in these uncertain economic times. The financial
services sector has evolved to respond to this need through enabling
businesses and individuals to manage their assets and promote financial
growth. Diverse financial services include corporate and public
finance, investment banking, and banks, as well as thrift institutions
and credit unions. Portfolio management, trading, and accounting
are other services that fall within the financial services category.
Corporate finance issues stocks and bonds, disburses checks, and handles
investments and collections. Employees in corporate finance include
financial managers, budget analysts, and financial analysts.
Investment bankers aid clients in creating issues of stocks, bonds, or
other securities, and underwrite or insure those securities.
Commercial banks, savings institutions, and credit unions offer loans,
savings accounts, and checking accounts to consumers. They employ a
variety of workers, including loan officers, cost estimators, management
analysts, accountants and auditors, budget analysts, credit analysts,
financial analysts, personal financial advisers, financial examiners, and
loan counselors. The Federal Deposit Insurance Company (FDIC) and the
the National Credit Union Savings Insurance Fund (NCUSIF) employ bank
examiners to uphold banking regulations and guard against bank
failures. Portfolio management professionals aid individuals with
planning their investments into corporate stocks and bonds, public
pension funds, charitable foundations, and other ways to preserve
wealth. Some portfolio management firms specialize in stocks,
bonds, real estate, or venture capital, and they may cater primarily to
institutions or individuals.
Brokers and traders
carry out orders from the portfolio manager to buy or sell stocks, bonds,
commodities, futures, options, or other securities. Accountants
help balance the books for a business's or individual's assets, and may
be considered certified public accountants (CPAs) or work in management,
government, and internal auditing.
Finances are the basis for economic stability. They are vitally
important on an individual, national, and worldwide level, each creating
a variety of career opportunities. An undergraduate degree in
finance or business management is ideal for candidates wishing to pursue
a career in finance. Candidates may subsequently go on to pursue an
MBA, which can provide a competitive advantage. Many brokerage
firms also require the candidate to obtain Series 7, 66, 31, life and
health insurance licenses. Certified public accountants must pass a
licensing exam in their state of employment.
For more information about the financial services sector and available
careers, visit the American Bankers
Association, the American Academy
of Actuaries, and the Consumer
Bankers Association.
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Finance in the USA - Financial Products and Services
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