Financial Services Careers And Maslow’s Hierarchy Of Needs

Financial services careers offer some of the most exciting career opportunities for ambitious and innovative people. According the principles set forth in Maslow’s hierarchy of needs, the need for safety is at the foundation.

The role of financial services professionals is by definition to help others deal with the fundamental question, “what will I do if/when” something happens to me, my family, or my business? No other type of career can have as direct an impact on the satisfaction of these all important and often unavoidable aspects of life.

Maslow’s hierarchy of needs illustrates that the top of an individual’s pyramid of needs is self-actualization, being all they can be and more. Helping others, doing good for them and their families, and making money at the same time is considered by some as the very zenith of the pyramid.

Not only do they provide seemingly limitless chances for upward mobility, leading to executive-level positions, but they also offer a competitive compensation structure that proves to outdo many other work fields.

Advancement opportunities that come with these kinds of careers are often most attractive to people who are ambitious, because upward mobility is not based on seniority, but an employee’s individual level of performance.

These sorts of jobs allow many chances for high performing employees that want to move up through a company. And they can also be very pleasing to those that are just beginning in the company.

The structure of many financial firms allows for a fluid movement of ideas and commands between senior management and lower-level employees. In this sense, financial services industry jobs can be satisfying because all employees are able to build an identity within the company, one that is recognized and rewarded by upper-level management.

For potential employees that are looking for a fast-paced work environment, careers in the financial services fields can be the right way to go. While employees are required to think quickly and act even quicker, these types of jobs can be exciting and fast-paced career path.

Though these jobs require a great deal of dedication and focus while on the job, often relying on independent initiative and innovation, the level of rewards are commensurate with the amount of work put into the job.

There are a number of sub-sector fields in financial services careers, including, but not limited to–investment management, securities brokerage, and investment banking. So, there are many opportunities in financial services careers for those that are willing and ready to put in the work and start moving up the management ladder.