The financial industry plays a vital role in helping in the function of the economy. It consists of firms/institutions that provide financial services to retail and commercial customers. The sector consists of banking institutions, markets and brokers. The primary function of this sector is to take funds from savers and lend them to those who wish to borrow.

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While accounting is a focused profession with its own set of processes and principles, it's still a diverse area with opportunities to train in banking, business or practice. Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarising, analysing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. Following an accounting pathway could lead to roles in auditing, tax, management accountancy and fraud investigation.

Banking careers refer to any position within the banking industry and are available to nearly anyone interested in pursuing this line of work. If you are looking into a banking job, it's important to understand the pros and cons of banking careers and the different types of banking career paths available. A banking career is any position within a financial institution. Common banking careers include bank tellers, accountants, trust and investment bankers and bank administrators. A career in banking is something most individuals can pursue, and some positions do not require higher education. Banking is considered a service industry, so a primary requirement for individuals is honesty and trustworthiness.

The key difference between Finance and Accounting is that finance is the management of the money and the investment of different individuals, organisations, and other entities, whereas, Accounting is the process of recording, maintaining as well as reporting the financial affairs of the company which shows the clear financial position of the company. Banks provide services that include accepting deposits, giving loans, and securities underwriting and offering shares to the public. Finance companies provide a much larger range of services than banking institutions, which include asset management services, insurance services, financial research facilities etc.

A career in Insurance has a range of benefits from strong earning potential to being a part of an exciting ever-changing industry where you can develop key skills to have various roles in Insurance. There are various career paths you can choose to take in this sector which all requires different levels of education and training. Although some career paths require certain expertise; there are always opportunities for growth or to change your career for example if you are an underwriter you can then become an actuary with the right training and qualifications. From Risk Surveyor, catastrophe modeller, to sales agent, there are a variety of roles in the insurance pathway to suit different interests.

Investment managers give people and companies advice on what to do with their money. This involves a kind of detective work that will be different each time you do it as you match investments with your clients. One day you might be helping a fashion designer, and the next day, it’s a company that built an app to help disaster victims find relief and shelter. Every day is different. And, since investments can be affected by global events, extreme weather, and unpredictable things like human emotions, there is no time to be bored. You have to keep coming up with new and different investment strategies and ways to direct funds on behalf of clients.

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