The United States Banking Sector - 1562 Words

As a capitalistic society, the United States banking sector has flourished ever since the chartering of its first bank, Bank of North America in 1781 (Smith). Historically, banking has brought on significant industrialization in the United States, enabling our nation to stand among the most powerful today. However, the current United States national debt is at $19.2 trillion, and every second it is increasing exponentially (â€Å"U.S. National†). How did we manage to fall into such a dark abyss of financial debt? Poor banking, continuous deregulation of the banking sector, riskier and higher leveraged investments, sub-prime mortgage loans, and fraud. These are all factors which have led our economy to collapse over and over again. In this mess†¦show more content†¦This increase of focus on finance can only be promising for our country and I hope it can positively impact our economy for many generations to come. If I were a financial analyst, what would my typical day at work look like? Well, my primary focus would be to provide financial institutions and individual’s advice on making investments. My advice would come from my personal assessments of stocks, bonds and various other tools for investment. Many analysts work 60 hours a week or more compared to the usual 40 hours per week for many other professions (â€Å"Summary†). Most of my day will be consumed by meetings with other analysts, to collaborate on data research. Throughout my day, as long as the stock market is open, I will be executing buy/sell orders on stocks and bonds. Oftentimes, most financial institutions will have certain strategies for managing their risk, therefore, I will need to follow these guidelines. Once the stock market closes at 4pm, I am likely to attend more meetings, where I will explain my investment decisions of the day. The demand for my assistance at work will determine when I end my day. The general culture among financial analysts is to grab dr inks after work with colleagues. Most often, this period after work is an opportunity to network with other working professionals (Ingall). From my typical day, we can see some positives and negatives