The Financial Services Industry Essay

The Financial Services Industry Essay

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The financial services industry has many facets that can pose challenges to those who choose to make this their career path. The financial services industry encompasses not only banking, but it also includes the sale of stocks and bonds, private insurance along with the real estate market. Within the upcoming years, there will be major differences in the financial services industry because of the popularity of mobile banking, internet, the idealistic age group and the ability gap. Having worked in the banking industry for more than 18 years, I have found that there are many trends within the banking industry that could affect your career paths in the years to come.
Internet
Millennials (Generation X) tend to look for more commitments from the banking industry. They are looking for convenience as opposed to personal interactions. According to Schawbel, D. (2013), “61% want video meetings with advisors and 57% will change financial advisors for a tech setting.” Millennials are more concerned with the experience and are looking for an environment that would allow them to utilize their ...

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