What is the Financial Services Industry?
The Financial Services industry is made up of organizations that deal with the management of money. These include retail and commercial banks, investment banks, insurance companies, and stock brokerages. These firms provide a variety of financial and investment related services for consumers, small business, and commercial clients.
Many Financial Services companies are becoming digital companies, using technology to help customers manage their finances in innovative and efficient ways.
Since Financial Services intersects nearly every other industry in the world, the industry is key to a stable and flourishing economy.
The skills and qualities that made you outstanding assets in the military – the strong work ethic, rigorous discipline, the creativity to overcome obstacles – are precisely the kinds of qualities that can invigorate the Financial Services industry and drive businesses forward.
In addition to these soft skills, you may have training that is translatable to Financial Services. For example, if you analyzed and tracked resource deployments and statistics, briefed leadership on financial results or prepared budgets, you already have direct industry experience.
To capitalize on these experiences, you may want to explore the following certifications that can help prepare you more for various career paths within the industry:
There are also companies ready to help you translate your skills directly to their positions. To learn more about participating employers, click "Leaders" below.
Featured Financial Services Careers
Scroll below to learn more about just a few of the career paths the Financial Services industry provides to veterans, members of the Guard and Reserve, transitioning service members and military families. Click on each job title for more details. (Note that all salary information was compiled from information provided by the Bureau of Labor Statistics as an industry average.)
RISK MANAGEMENT MANAGER
$93,631 - $140,543
Risk management officers assess policy and procedure adherence with respect to internal limits and risk management controls. They also recommend changes to policies, procedures, and data analysis tools that identify, measure and control risks. Those in this career path will need strong computer skills, including a knowledge of spreadsheet and word processing softwares in addition to an ability to analyze and extract data from reports.
OPERATIONS SPECIALIST I
$45,851 - $56,144
Operations specialists provide support for pricing, corporate actions, account reconciliation, cash input and reconciliation, settlement monitoring, and maintenance of custodian relationships. In addition, operations specialists monitor and process corporate actions, reconciling portfolio holdings, trading activity, and cash balances with custodian bank statements, researching and resolving any discrepancies. They do all this by working across teams to ensure data for accuracy for monthly client statements.
IT SECURITY ANALYST I
$53,715 - $70,355
Security analysts are motivated and willing to take on new challenges as they multitask responsibilities operating security controls and processes, vulnerability scanning, patch tracking and alerting and patch development with little supervision. They have a strong background in Information Security practices, a deep knowledge of IT Security Forensics and Investigations, and solid communication and organizations skills.
FINANCIAL SERVICES ANALYST I
$49,822 - $62,585
Financial services analysts manage and analyze daily financial statements and balance sheets to provide business and accounting support. Other responsibilities include tasks such as performing monthly financial and reporting functions and preparing inventory reports.
IT SYSTEMS ADMINISTRATOR I
$56,094 - $72,835
System administrators Install and maintain operating systems and related software to ensure stable performance. In doing so, they safeguard customer information and manage malware platforms for threat detection as they develop alerting and monitoring procedures.