NYC’s Financial Services Industry
A healthy financial services industry provides the financial means for individuals to get the loans they need for their mortgages, car payments, education, and other essential needs. It also allows people to save for their goals, and protects their property and health through insurance policies.
The Financial services sector encompasses a variety of industries, including banks, loan associations, brokers, credit card companies and much more. It includes financial goods and services as well, such as stocks, bonds, commodity assets, real estate, and insurance policies.
Product offerings in the Financial services sector include debt resolution, global payment systems, and exchanges that facilitate stock, derivative, and commodity trades. These services can help individuals resolve their financial problems and avoid filing for bankruptcy.
Disruption in the Financial services sector has been on the rise, largely due to advances in technology. New entrants like Amazon are developing new customer platforms that provide digital services linked to financial products.
These new customer platforms could revolutionize the way financial services firms operate and interact with their customers. However, it’s likely that these changes will take time to unfold.
Professionals in the Financial services sector report a high level of job satisfaction and enjoy a stable work environment, especially in large firms with global operations. They have access to a wide range of benefits, and they are often highly compensated for their contributions.
The financial services industry is an important part of NYC’s economy and helps to power the nation’s growth. A career in banking, wealth management or insurance will allow you to make a difference for others every day.