10 top jobs in Financial Services

As part of our series looking at careers in the financial services sector (sponsored by NOCN), we discovered these 10 top jobs.

Information gathered from the National Careers Service website.

1. Financial adviser

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Financial Adviser

What do they do?

You could work for any UK organisation that sells financial products, or for a specialist investment or pension consultancy.

Getting there

You'll need work experience in customer service, sales or finance. You could get into this job through an apprenticeship.

With a degree you could get onto a graduate training scheme with a bank or firm of financial advisers.

PAY

£25,000 - £90,000 average per year


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Bank Manager

2. Bank manager

What do they do?

You'll run one or more high street bank branches. Your role could include: communicating and carrying out business, marketing and sales plans, monitoring sales targets and budgets, and producing figures and reports.

Getting there

You'll usually need a degree to join a management trainee scheme. A degree in business, economics, finance, management or marketing may be the most useful. Most employers will expect you to have management experience in financial services.

PAY

£24,000 - £70,000 average per year


3. Pensions adviser

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pensions Adviser

What do they do?

You might work as an adviser or consultant for a pension consultancy firm, setting up and running pensions and benefit schemes on behalf of companies. Your day-to-day duties may include: managing client relationships, or finding new business, calculating the value of pension funds.

Getting there

Employers will usually expect you to have some experience in finance or sales. GCSEs or A levels in English and maths would also be helpful. You could get into this job through an apprenticeship.

If you have a degree you may be able to join a company's graduate trainee scheme.

PAY

£22,000 - £80,000 average per year


4. Actuary

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Actuary

What do they do?

Analyse statistics, forecast finances, test financial options, assess risks, use computers to build mathematical and statistical model and explain these findings to managers, government ministers or business clients

Getting there

You'll usually need a degree in maths or a related subject, like: actuarial science, economics, physics, engineering, accounting, statistics.You’ll need to join the Institute and Faculty of Actuaries (IFoA) as a student member. You’ll then study for professional exams while you work as a trainee actuary.

PAY:

£30,000 - £70,000 average per year


5. Stockbroker

Stockbroker

What do they do?

You’ll usually work in an investment bank or for a firm of stockbrokers. You may provide services to fund managers and other financial institutions, or deal directly with retail investors. You’ll be researching markets and the latest trading figures, working closely with investment analysts, generating new business and developing close relationships

Getting there

You’ll usually need at least a 2:1 degree in a a subject like: management, business, economics, finance, maths to get onto a graduate training programme. There's a lot of competition for places, so it will help if you have some relevant work experience. A lot of graduates also have a postgraduate qualification like a Masters of Business Administration (MBA).

PAY:

£24,000 – £125,000 average per year


6. Auditor

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Auditor

What do they do?

As an external auditor, you’ll independently review a company's accounts to make sure they’re accurate and fair.
As an internal auditor, you’ll examine an organisation’s policies and procedures, or finances, to try and improve them.
You might also audit public sector organisations like civil service departments and local councils. You’ll check how public money is being spent and see if savings can be made.

Getting there

You can become qualified by completing:

1. a graduate training scheme after completing an accountancy degree at university

2. a company's graduate scheme after completing a degree in any subject

3. the National Audit Office 3-year training scheme for graduates in any subject

4. a higher apprenticeship in professional services.

PAY:

£25,000 - £80,000 average per year


7. Management Accountant

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Management Accountant

What do they do?

You'll work for a company as an in-house accountant. You could work for almost any type of organisation. Your day-to-day tasks may include: preparing financial statements and accounts, monitoring spending and budgets,analysing the company's financial performance

Getting there

You must complete training with one of the professional accountancy bodies like:

1. the Association of Certified Chartered Accountants (ACCA)

2. the Institute of Financial Accountants (IFA)

3. the Chartered Institute of Management Accountants (CIMA)

PAY:

£25,000 - £100,000 average per year


8. Barrister’s clerk

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Barrister’s Clerk

What do they do?

Your day-to-day duties could include: handling accounts, invoices and petty cash, collecting fees and preparing papers and taking books, documents and robes to and from court.

Getting there

Many firms will also look for A levels or a degree, although these don't necessarily have to be in law. Paid or unpaid work experience in barristers' offices (chambers) may give you an advantage when applying for jobs.

PAY

£15,000 - £60,000 average per year


9. Purchasing manager

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Purchasing Manager

What do they do?

Your day to day tasks may include: monitoring and forecasting stock levels, researching and finding new products and suppliers, negotiating prices and agreeing contracts

Getting there

There are no set requirements, but GCSEs or A-levels in financial related courses and experience in a company's purchasing department could help. You may also be able to get into this role through a company's management training scheme.

PAY

£20,000 - £60,000 average per year


10. Accounting Technician

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Accounting Technician

What do they do?

You could work for a wide range of companies or you could work in the public sector. Your day-to-day tasks may include: processing and paying invoices, recording receipts and payments and handling company expenses

Getting there

A levels in business studies, maths or economics, and work experience in accounts or finance may also be helpful. You could get into this job through an apprenticeship.
PAY

£18,000 -£30,000 average per year

Find out more about a career in financial services - read our NOCN sponsored supplement - digital version here.