Capital W: 2023 Careers Guide

Page 18

Financial

Industry Profiles

Services

Overview Financial services firms perform a range of financial services for clients including corporations, individuals, and households. The diversity in this industry is evident through the range of different services such as lending, real estate, retail and institutional banking, and more. Generally, the three specific types of financial services are personal, consumer, and corporate. Personal finance looks at an individual’s saving and budgeting methods and explores them through the help of retail banks. Consumer finance focuses on longer-term savings and payments, consisting of financial services firms that offer credit card services and mortgage facilities. Finally, corporate finance concerns increasing sources of funding for a range of corporations of different sizes, including start-ups and other business ventures.

Asset &

Management Overview Overview Asset Management refers to the development and trade of assets in cost-effective and efficient methods. Students seeking to become involved in asset management will work with Portfolio Managers and other asset management professionals as they learn about clever investment and the development of financial portfolios for high-calibre client bases. Wealth Management services, rather, are concerned with helping clients who require specialised assistance with managing high levels of funds, and subsequent advice on how they may increase their wealth. Professionals in this industry develop financial plans for their clients, provide assistance in managing funds, and advisory on assets. 17


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