The concept of the securities industry can be a bit confusing, as the term is an umbrella that covers a wide assortment of professionals, organizations and activities in the finance sector. However, what they have in common is the management and oversight of a financial instrument known as “security.” A security is really just a contract stating the the holder is eligible to buy or sell the asset listed at some future point. Continue reading if you’d like to gain in-depth information about this field or think that you may be interested in becoming a security professional.
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About the Field
It is the personnel working in this field that are responsible for issuing, buying and selling these contracts. Companies that are in need of funds for improvements to their current business or those who wish to start a new venture will sell such contracts to interested parties in order to raise the needed capital. Investors provide the money in exchange for the ability to earn interest or a markup on the redemption or sale of these binding documents down the line.
Those who work in this field also handle other types of contracts and investments. A derivative is one of these, and there are two kinds of derivatives: options, which the holder can opt to purchase or sell at a future date, and futures, contract agreements which must be acted upon under the terms by which it was initially negotiated. Exchange traded funds and mutual funds are also common investments dealt with in the financial security sector. These types of investments come with a higher risk and are managed by financial firms. Financial management firms also provide consultation and advisement regarding the handling of client funds.
About Employment Location
The securities industry is unique with regard to the location of those who are employed within its ranks. While there are firms and brokerages spread throughout the United States, the interesting fact remains that the majority of jobs within the sector are found in the New York City area. Of course, the New York Stock Exchange is located here, as are many headquarters of the largest firms. This doesn’t mean that you will have to work in this large metropolitan city if doing doesn’t appeal to you. However, it is important to be aware of such situations when weighing a career decision.
Work Environment
You’ll also want to know the type of working conditions to expect if you want to work in this profession. This isn’t a job with regular weekday hours. Expect to put in some overtime and odd hours, including occasional weekends. When you’re not working, you’ll still need to stay up-to-date on activity within the markets or world events that could affect investments. There are very few part-time positions within the field. As you can see, the job field requires dedication, so you should be passionate about your work.
Most jobs within this sector occur in an office setting. It’s likely you will need to work within tight deadlines and other such pressures. Depending on your segment, regular travel may be required. Along with strong math and analytical skills, you will need to be friendly, with good communication and interpersonal skills. It’s not unusual to be expected to take important clients out for lunch or dinner meetings. Client relationships are important.
Working in the securities industry is definitely a fast-paced kind of job with lots of responsibilities, but the pay tends to be lucrative and the job satisfying.
