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We found 874 Banking And Financial Services Jobs in the UK

The UK banking and financial services sector is very big, with over 2 million people working directly and indirectly for banking and financial services employers in the sector. Furthermore, the industry is one of the UK’s biggest exporters, with those working in banking and financial services in the UK accounting for a large portion of the nation’s overall exports.

London continues to be one of the world’s most influential financial centres, and accounts for nearly a third of all banking and financial services jobs in the UK. However, this is slowly changing, with other UK cities, such as Manchester, Glasgow, Cardiff and Belfast also showing growth as more banking and financial services employers being to appear there.

As you can imagine with such a massive industry, there are many different banking and financial services jobs open to you. Whilst the everyday details of a position will of course depend on the specific field of employment you enter, being educated to degree level or higher and possessing an ability to work with numbers are two obvious basic requirements  by banking and financial services employers. The following are just a few of the many different types of banking and financial services jobs available in this sector:

  • Accounting
  • Financial Planning
  • Insurance
  • Investments and Pensions
  • Tax

What banking and financial services jobs you are looking to work in will influence what education and experience you will be required to have, as will the size of the organisation. Most banking and financial services employers will require a minimum of a university degree, often in a closely related subject such as business or maths.

However, more and more banking and financial services employers are becoming flexible on your degree subject if you can demonstrate analytical and numerical skills. Specialist banking and financial services jobs, such as tax law may require a recognised qualification, whilst large, global organisations may also require the ability to speak a 2nd language.

Career prospects for those working in banking and financial services can be good and bad. They can be good because many of the world’s largest banking and financial services employers have their headquarters in London, meaning there are often many banking and financial services jobs to choose from. Furthermore, promotions when working in banking and financial services can largely depend on ability, meaning individuals can find themselves quickly moving through the ranks if they show promise.

However, the downside is that the industry and some banking and financial services employers can be incredible volatile and is often influenced by external influences which can at times also suddenly result in large redundancies for those working banking and financial services.

Working in such a large, important global industry means that there will often be plenty of banking and financial services jobs to apply for, particularly near major UK cities. However, it is often the potential to earn lots of money that many see as the main advantage of working in the banking and financial services industry.

Starting salaries for those working in banking and financial services can range from anything between £20,000 – £60,0000 depending on the field, with salaries then continuing to rise, especially if you gain a relevant professional qualification. Furthermore, bonuses are common in banking and finance, with many banking and financial services employers offering substantial annual bonuses.

The disadvantages of working in banking and financial services often run parallel with the advantages. Whilst many banking and financial services employers in this sector will offer high salaries and attractive bonuses, the flip side to it is that they will demand a lot from you. Long hours, fast-paced, high-pressure environments are common among banking and financial services jobs, as is the pressure of dealing with large amount of money. Competition amongst individuals and businesses is also high, creating at times a rather cut-throat industry that can be seen to place profit over everything else.