Finance
Though the finance sector has been badly hit by the recession, every organisation has a finance department responsible for recording, analysing and interpreting financial information, producing reports, determining budgets and filing tax returns. This means that if you have graduated in a finance-related discipline, the prospect of you finding a decent job in the finance sector is much better than in other areas, with the added benefit that you can choose the type of company you would like to work in.
Remuneration is better in the finance industry than in many other industries and sectors, with the potential to earn an average salary of £74,232 as a finance director.
There are many specialist areas within the finance sector that you might consider working in, such as accountancy, banking, actuary, insurance, mergers and acquisitions, and risk analysis. All financial services roles require some degree of expertise and graduates are often required to complete further training. The Financial Services Skills Council (FSSC) is a good source of information on training in the sector.
Since the banking crisis, regulatory body the Financial Services Authority (FSA) is implementing several changes to the finance industry. For example, from 2013, aspiring financial advisors will need to gain a diploma-level qualification in Financial Planning before working in the finance sector, whereas before they could practise with a certificate-level qualification.
Working in the financial services industry can be fast-paced and will sometimes require you to work long hours, but a job in this sector can mean a very attractive salary. With hard work it is possible to progress up the career ladder fairly quickly.
There are always opporunities to work in finance, even for companies located in other main industries - such as
Morrisons
Graduates in the finance industry earn some of the highest salaries of all the sectors.
The graduate entry-level salary is around £27,500, but pay varies depending on the type of job you do.
You will need a degree in a finance-related discipline such as Mathematics and a professional qualification or diploma in the area you would like to focus on, such as Financial Planning. For potential auditors, a chartered accountancy (CA) qualification is particularly sought after by employers. Some employers will require you to complete specialist training for specific areas.
To work in the finance sector, you will need excellent mathematics skills, a good eye for detail, and be very methodical and organised in your approach. Strong analytical skills and a logical mind will also stand you in good stead.