There are many different career tracks within the Financial Services sector, but they all have one common element: following the Financial Markets. This includes the equity markets, the fixed income (bond) markets, the currency markets, the commodity markets, and many variations of these markets such as derivatives, convertibles, futures, etc.
Each of these sectors can be further broken down into either a product or a coverage group. Product groups work with a specific service produced by the bank and would include Mergers and Acquisitions, Leverage Finance, etc. While coverage groups focus on covering a specific sector such as Industrials, Technology, Energy, etc.
Although the hiring practices in this sector are rapidly changing, most Notre Dame students will ultimately land a position in either Investment Banking, Securities Sales & Trading, Asset Management and PWM or Commercial Banking. Very few Private Equity and Hedge Funds will hire a student directly out of undergraduate studies, preferring the candidates to sharpen their skills by spending at least two years in an Investment Banking division.