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What Experience Do You Need For A Career In Financial services

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All you need to know about the Financial services industry

Financial services cover a myriad of roles that are concerned with all things money-related. It can be a very lucrative career and is crucial to our businesses.

Many people are drawn to this industry because of the high rates of pay and the clear career path, which means you can progress quickly if you’re willing to put in the work. This’ll often mean long hours and a commitment to learning alongside your work to pass professional exams in your field, but the payoffs can be huge.

Areas that you could work in within this industry include (but are not limited to): accounting, banking and finance, financial planning, insurance, investments and pensions.
The work in these areas tends to require an acute attention to detail and you have to be able to work quickly and accurately with numbers.

The majority of the work in these industries will be in London, the economic hub of the UK, although there will be a financial centre in most major cities throughout the country.

Skills & interests needed for Financial services

A career in the financial services means you’ll have to be content working with numbers all day, every day. There are also a number of soft skills that’ll benefit you in the industry including:

What work experience do you need for a career in Financial services

There is usually no need for formal work experience for a career in financial services. If you’re studying at university and plan on going for a job in one of the biggest industries there will be some strong competition, so you may want to source a summer internship at a firm to give you an edge when applying after you graduate.

For those who are looking to enter the financial services after leaving school, many apprenticeships will not ask for professional experience but you must be able to demonstrate that you’re strong with numbers.

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Useful resources

UK Finance
The National Skills Academy for Financial Services
Financial Services Authority

Industry Bodies

Royal Economic Society
British Insurance Brokers’ Association
Association of British Insurers (ABI)
Chartered Insurance Institute
Chartered Institute of Taxation
The Association of Taxation Technicians
British Bankers Association