Financial Services (2024)

FAQs

How to answer why financial services? ›

Example answers

'Working in finance gives me a chance to learn from experienced professionals. Given this employer's experience and reputation, I know it might provide me with great growth opportunities, which I plan to use to support both the organisation's day-to-day operations and its long-term goals.

You need to consistently put in the work, ask questions and sharpen your skills over time. Any successful financial services professional will tell you that you will have setbacks. Prepare for them, and do everything possible to avoid them.

Financial services are crucial to the functioning of an economy. Without them, individuals with money to save might have trouble finding those who need to borrow, and vice versa. And without financial services, people would be so intent on saving to cover risk that they might not buy very many goods and services.

It offers a fast-paced, continuously challenging career

The adrenalin of deals (whether you're the client or broker) and the buzz of the trading floor and the pace of change - for the better or worse - means it can provide a highly stimulating career.

Explain the difficulties you are having meeting your needs. Describe changes in your life that have affected your ability to pay for college. For example, changes in your family's income or unexpected expenses may have caused a financial deficit. Provide evidence that you can handle your finances responsibly.

Sample Answer #1:

I find finance fascinating because it allows me to make informed decisions based on data analysis and strategic thinking. I'm excited about the dynamic nature of the industry and the opportunity to continuously learn and adapt to new market trends.

It gives you the opportunity to deal with people around the world, and to make use of any language skills you have. You're likely to have opportunities to travel, and even to work abroad long term.

By studying finance or a finance-related degree, you will have the freedom to choose from a variety of career paths, whether it's Retail Banking, Investment, Financial Services, Law, and more. You may even end up in the gaming industry. Imagine the success you could have using your mathematical skills at a casino!

BLS data indicates that personal financial advisors earned a median annual income of nearly $95,390 as of 2022, more than double the median annual salary for all occupations nationwide. Financial analysts—among the most common careers in finance—earned a median annual salary of $96,220.

What are the three keys to financial success? ›

Three keys to financial success are: Always spend less than you earn. Avoid splurging. Invest the rest.

Financial services can include depositing your check at a bank, obtaining a mortgage from a lender, investing your money with a mutual fund, having a bank underwrite your business for an IPO, purchasing insurance for your car, and similar transactions.

Having a transaction account opens the door to other formal financial services, such as savings, payments, credit and insurance. Access and use of appropriate financial services can help people better manage risks, step out of poverty and build a better life.

I'm interested in a career in finance because it offers a dynamic environment that combines analytical thinking with strategic problem-solving. Finance roles impact businesses fundamentally and globally, providing a platform for continuous learning and growth.

Transferable skills Roles within the finance industry will enable you to gain transferable skills – such as teamwork, project management, problem solving and oral/written communication – which are highly valued by employers and make you more marketable for your future career.

The Benefits of Working in Finance

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

Mention your passion for helping people

Financial advisors have significant responsibility because they can directly influence their clients' financial future. The passion for interacting with people and helping them with their financial goals is an ideal attribute that many employers seek.