Management

CAREER OPPORTUNITIES IN BANKING, FINANCE, AND INSURANCE

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Financial services companies in the United States are a major industry group, providing five to six million full-time jobs. Banks, insurance companies, and securities firms offer good to excellent employment prospects in many job classifications, including many opportunities in the emerging new economy—the online world of Internet banking, brokerage and e-commerce financial services. Employment prospects for many traditional jobs, such as bank tellers and customer service employees, also is likely to remain strong over the next five to 10 years. Banking, brokerage, and insurance are service sector industries; quality of service is frequently the reason customers give for selecting their service provider or changing financial institutions.
Employment opportunities in the financial services industries reflect the broader economic themes in the United States and around the world. The dominant industry trends, globalization and consolidation, have created a financial services industry with a small number of very large service providers and a much larger number of smaller firms competing in regional and local markets. While this consolidation trend is likely to continue, if not accelerate, over the next several years, the financial services industry is a very dynamic, competitive, market. As financial companies create newer products and more innovative ways to service their customers, the impact on the employment picture is creation of many new job opportunities.
The financial services industry continues to attract a diverse group of people. Employment opportunities will vary by size of institution and market niche. International banking talent is in high demand at money center banks ser- vicing the global economy. Regional banks, super-regionals, and money center banks are looking to increase their fee- based investment, lending, and finance operations. Many want to hire experts who can help transform traditional business groups into new entities, leveraging online and Internet technology to stay abreast of e-commerce developments.
Focused banks, brokerage firms, and insurance companies will continue to do well in this dynamic market and create more jobs. Recruiting skilled professionals to fill expected job vacancies is becoming a major challenge for financial institutions and corporations. Many are looking to hire younger candidates with non-traditional backgrounds, or who have come from organizations they would not have looked at in the past.

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Detail Information

Series Title

CAREER OPPORTUNITIES IN BANKING, FINANCE, AND INSURANCE

Call Number

-

Publisher

USA : An imprint of Infobase Publishing., 2007

Collation

1-286

Language

English

ISBN/ISSN

13: 978-0-8160-6473-

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

2nd Edition

Subject(s)

Management

Specific Detail Info

-

Statement of Responsibility

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Other version/related

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