Career Exploration

Finance and Insurance

"If you're interested in working with money, you will want to investigate opportunities in the Finance and Insurance industry. This industry covers establishments that facilitate the movement of money through financial transactions. The establishments are typically involved in some type of banking, insurance, or securities and commodities exchange.

Many establishments in this sector are part of the banking system. Common types of banking establishments include commercial banks, savings institutions, and credit unions. Commercial banks operate at the global, regional, or community levels, while savings institutions and credit unions typically operate at smaller regional or community levels. 

Although many establishments in the credit intermediation sector are banks, there are also non-banking establishments involved in issuing credit and financing. These include loan agencies, finance leasing companies, check cashing services, and others.

The insurance sector offers protection against financial losses. Individuals and businesses purchase insurance policies that offer reimbursements in the case of events such as medical emergencies, theft, fire, natural disasters, and accidents. Insurance establishments collect funds by charging customers for the policies. They then assume the financial risk of these disasters. They invest the money to generate revenue, using some of the profits to pay the insurance claims of policyholders. 

A third area of the industry deals with the exchange of financial instruments (securities) and commodities. Establishments in this sector include investment banks that help companies issue and sell bonds and stocks, securities and commodities exchanges or brokerage firms that bring together buyers and sellers for trading, and banks or financial services establishments that provide investment advice and manage investments."  ~Career Cruising database

Career Examples:

Examples of careers in Finance and Insurance include...

• Bank Tellers
• Insurance Agents
• Securities, Commodities, and Financial Services
• Loan Officers
• Claims Adjusters, Examiners, and Investigators
• Insurance Claims and Policy Processing Clerks
• Personal Financial Advisors
• Financial Managers

Directions: 

• Choose a database or link to find articles on your chosen career
• Remember to cite your sources
• Review the searching tutorials if you need help

Search the databases below for authoritative information on your topic.

Remember: If you are at home, you will need the passwords for each database. All passwords are on the Gold Sheet in the Library Resources Schoology.