Because employers across all sectors need people with financial skills to run their businesses, there is a huge variety of jobs available in Finance, with many opportunities to develop a fulfilling and exciting career. Finance jobs can be found both in house and across the private practice space.
The Finance landscape comprises a wide array of specialisms and jobs in Accountancy, Financial Services and Insurance, Banking and Compliance. Given the wealth of jobs in Finance, it’s important to consider carefully which sector and role would suit your personality, mix of skills and preferences.
Vital to the running of any company and management of personal finances, those who work in Accountancy will analyse financial records and provide reliable information as part of their job. An Insurance professional meanwhile, will look after the potential financial risks posed to both companies and individuals.
Every company will have a finance department comprising an array of jobs to fulfil a variety of functions, including:
- Purchase ledger
- Credit Control
- Accounts Assistant
- And more traditional bookkeeper roles
Those who pursue jobs in Banking may choose to work within a front, middle or back office role, providing products and services to a range of clients. Jobs in compliance ensure Financial Services companies adhere to external rules and regulations, as well as internal controls.
There are many avenues in which to break into the Finance job market, many of which are open to graduates, school leavers and experienced professionals looking to switch industries or sectors. Once you find the best finance job for you, it’s important to lay out a strategy to obtain the necessary qualifications you will need to progress in your career.
To help you do this, we break down the different qualifications you will need for any job in Finance you choose to pursue.
Finance jobs - the skills and experience you need
When it comes to kick-starting and developing your Finance career, you'll likely start in an Accounting Clerk or Assistant role, after which you can continue to develop professionally. Many people study Finance qualifications in addition to their full time job, and a large number of part-time and distance learning options are available in accounting, banking, investment management, insurance and risk management, and financial management and tax.
Finance professionals who pursue jobs in Accountancy can pursue qualifications from the Association of Accounting Technicians (AAT), the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA).
Those who opt for finance jobs in Insurance will typically pursue qualifications by the Chartered Insurance Institute (CII), while those who work in banking will generally study an array of courses by the Chartered Banker Institute as part of their continuous professional development. The Chartered Institute for Securities and Investment (CISI) is ideal for those who work in Compliance and related financial crime jobs.
Whatever job you pursue in finance, it’s important to remember in today’s fast-evolving business landscape, you must demonstrate a number of transferrable skills from analytical ability and attention to detail, communication and interpersonal skills, to a thorough understanding of the market you specialise in. Industry knowledge is particularly essential for those who work in-house across one specific sector.
A career in Finance
The world of Finance is both broad and diverse, so when it comes to pursuing qualifications and jobs in Finance, it’s important to choose your focus, although many of the principles, skills and abilities you learn will be useful across the board.
Finance jobs come with excellent salary rates, and depending on the location and company you work for, your salary could range from around £18,000 for entry level jobs in finance, to around £200,000 for senior positions.
Jobs in Finance also come with numerous opportunities for career progression, and many employers encourage their employees to invest in their continuous professional development in addition to their jobs in Finance.
Those who continue to build their finance job experience and develop new skills as part of their continuous professional development will only continue to climb steadily up the career ladder – either to another financial sector or commercial industry, or to another job further up the hierarchy of their current specialism.
At Search, we recruit for a wealth of Finance jobs across the UK, and have offices in Glasgow, Manchester, Edinburgh, Leeds, Brighton and Liverpool. Whether you’re looking for a role in Accountancy & Finance, Insurance, Financial Services or Compliance, take a look at our Finance jobs below.