The financial sector is a large field offering many different types of employment. Financial services encompasses a broad range of organizations that manage money, including banks, credit unions, credit card companies, insurers, consumer finance companies, stock brokerages, investment funds, some government sponsored enterprises, and other financial institutions, including peer-to-peer lending platforms.
In banking, employees may serve the range of roles needed to run banks, from tellers to financial planners and underwriters to wealth managers. Workers may be employed in a variety of functions by credit card issuers, such as customer service, foreign exchange service, high-profile trading, and airport currency exchangers. Financial analysts may work for government investment funds, mutual fund companies, hedge funds, private equity investors, and investment banks. Credit analysts work in a variety of institutions to assess the creditworthiness of firms, governments, or individuals for loans. In insurance, there are insurance brokers and underwriters as well as actuaries and a host of other positions such as insurance claims investigators and agents.
Intermediaries exist not just in the insurance business. Stockbrokers, for instance, assist investors in buying and selling shares. There are also investors called venture capitalists and angel investors. Finance professionals may also work in public finance, for local or national governments, or in corporate finance.
Growth in microfinance and microcredit has also opened up employment opportunities in finance both in the US and abroad . Sophisticated mathematical and technological developments have also advanced the field of quantitative analysis for those who work in investment management, risk management, derivatives pricing, algorithmic trading, and other areas that require the application of mathematics in finance.
Muhammad Yunus
Muhammad Yunus is a banker who grew a field in microcredit and microfinance, opening up new types of financial employment.
Financial employees can come from a variety of backgrounds. Many financial analysis and management positions require some kind of training in finance, accounting, economics, mathematics, engineering, or another quantitative field. There are Masters degrees in Finance and Business as well as certifications such as the widely recognized Chartered Financial Analyst certification and accountancy qualifications such as the Certified Public Accountant.