Despite threats to the sector posed by Brexit and COVID-19, 1.1 million people still work in the UK’s financial industry – rising to more than 2.3 million if including related professional services.
With prospects of progression and opportunity for further training, and salary rises in parallel to this, the Finance / Accounting sector is a popular career path. Flexible forms of working have become a high priority for finance professionals. Roles offering hybrid working patterns were revealed to be the second highest draw for candidates, aside from the salary on offer.
- Accounting – Accountants, in the main, are responsible for managing and reporting a business’s accounts and performing functions on behalf of the company itself. Roles are available with firms of all sizes, practice or commercial, as well as not-for-profit organisations.
- Banking – The sector’s biggest employers, banks and building societies enable individuals and businesses to manage their money and access products such as loans, mortgages and insurance.
- Financial planning – Jobs focus on the provision of advisory services, and support people and organisations looking to plan their financial futures.
- Insurance – Employees in this area work closely with other professionals, including doctors, lawyers and fire officers, to gather evidence, assess risk and resolve claims against insurance policies.
- Investments and pensions – Professionals research the likely performance of funds and look to mitigate financial risk and liability for their clients, with the key functions of investment companies including performance measurement, investment support, risk assessment, data management, and trading and stockbroking.
- Tax – Often regarded as a subset of accounting, tax specialists can either work as advisers to their employer’s clients or take up governmental positions.
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