Financial services

This page has been designed to give a starting point for those looking into careers in financial services and includes information on: Corporate, Commercial and Investment Banking, Financial Management, Investment Management, Retail Banking and Personal Financial Services and Taxation.

Information on other similar jobs for accounting and finance graduates include: accountancy, Insurance careers: including actuarial work, pensions, management services

What are careers in financial services?

The financial services industry provides all the products that help people manage their money. There are four main areas within Financial Services; Banking, Insurance and Investment Management and Operations.

Although the ‘big’ names dominate press coverage of Financial Services, smaller businesses – chartered accountants, legal firms and independent financial advisers – play an essential role between customers and the major companies (source FSC).

Most large retail banks and building societies recruit graduates into graduate training programmes. These can lead to general branch or head office management or specialist posts. (Prospects).

The financial services industry is closely linked with ordinary individuals’ day-to-day lives. It provides all the products that help people manage their money, including bank accounts, pension schemes, loans, insurance and mortgages.

Financial Services Skills Council
Directions is an online careers information service, providing and sector approved information on careers in financial services, accounting and finance. 

Prospects: Finance
Prospects is a graduate careers website with profiles on Tax adviser, Tax inspector, Banking manager, Credit analyst, Investment analyst, Trader (equities, FX, futures, bonds), Chartered management accountant, corporate treasurer, financial manager, Commercial banker and Investment banker. 

Prospects: What can I do with my degree in Accounting and Finance?

Prospects Sector Guides: Banking, investment and insurance 

Targetjobs: Accountancy and financial management
Targetjobs is a graduate careers website with the following job sector information. Hard copy of some Target resources are available from the Careers Centre

Inside Careers : Careers Choice, City and Finance
Hard copy available for reference from the Careers Centre. Limited takeaway copies may be available at the start of the academic year.

How do I get into it?

Association of Corporate Treasurers

Association of Taxation Technicians

Chartered Banker
Click on 'Education' for information on a range of qualifications.

Chartered Institute of Taxation
There are mainly two separate careers available in taxation: working for the government, and working as a tax practitioner in private practice, commerce or industry. 

ifs School of Finance

Institute of Internal Auditors

Institute of Revenues Rating and Valuation

International Compliance Assocation
ICA is the leading global provider of professional certificated qualifications and training in anti money laundering (AML), compliance and fraud/financial crime prevention.

Kaplan Financial (FTC)
A leading provider of professional qualifications and business training in the UK and Asia. 

Prospects Community - Professional services, banking and finance
Get guidance and advice on courses and jobs in financial services, city markets and professional financial & accounting services. 

WiWi Online
This website is dedicated to the research needs of students, researchers, academic staff and young professionals in the fields of economics, accountancy and business studies.

Morgan Stanley
The interviews section on the Morgan Stanley website include specific sample questions for investment banking/sales & trading. Click on ‘careers’, ‘university level’, ‘apply on-line’, ‘interview primer’. 

Looking for courses at the University
See the courses databases for University of Brighton courses in this area.

Finding a job or employer is this sector

Newspapers

The Economist

Exec Appointments

Insurance Times

Other agencies and publications

Accountancy Age
Jobs in Accounting and Finance

The Accountancy Job

Actuaries - Inside Careers

Association of Corporate Treasurers

Banking Jobs1
Advertises vacancies nationwide. Part of the One Job Group.

Banking, Securities and Investments – Inside Careers

Barclays Capital
Investment banking division of Barclays Bank PLC

British Bankers Association
See ‘BBA Members’ for a list of Banks

Business Services Jobs1
Advertises vacancies nationwide. Part of the One Job Group.

CIMA Jobs
Management Accounting and related jobs

Career Choice City & Finance – Inside Careers

Chartered Accountancy – Inside Careers

Chartered Patent Attorneys - Inside Careers

Chartered Tax Advisers - Inside Careers

Commercial Finance People
Specialist recruitment agency for banking jobs, leasing jobs & factoring jobs.

The Finance Job

Financial Job Spot
A job listings website specialising in finance jobs. Includes vacancies

GAAPWeb
Finance and Accountancy jobs from over 300 financial recruiters

Graduate Audit Jobs
Careers in Audit is a specialist website for all types of audit jobs including internal, external, I.T & graduate vacancies.

Graduate Fasttrack

Grow in Finance.com
Finance & Banking job openings in USA, Europe, Asia & Africa

Institute of Risk Management
Jobs as risk managers

IRRV Job Listing
Vacancies in revenues, benefits, valuation and rating throughout the country

Randstadt
Recruits in the areas of banking, accountancy, insurance, finance, marketing, HR and secretarial.

Maths Careers
This website has information on what you can do with a maths degree. It also has job listings in the sector.

Public Finance

Society of Actuaries

Departments where a Finance related degree would come in useful include:

Further information and useful links

Actuaries

Association of Consulting Actuaries

Institute of Actuaries

Society of Actuaries
The Society of Actuaries is a nonprofit educational, research and professional society of members involved in the modeling and management of financial risk and contingent events.

Arbitrators

Chartered Institute of Arbitrators

Banking

The Bank of England

Business Economics

Society of Business Economists

Association of Corporate Treasurers
The Association of Corporate Treasurers (ACT) is the leading global provider of treasury information.

Financial advisors and services

Association of Independent Financial Advisers
A trade organisation for independent financial advisers contains career information.

Association of Private Client Investment Managers and Stockbrokers (APCIMS)

The Baltic Exchange
A membership organisation that provides independent daily shipping market information, maintains professional shipbroking standards and resolve disputes.

Institute of Financial Accountants

Institute of Financial Services (IFS)
The Institute of Financial Services (ifs) is the official brand of The Chartered Institute of Bankers (CIB), a registered charity and one of the leading bodies for the provision of both education and life-long career support services to the financial services industry, and formal financial education to the public at large

Institute of Risk Managers
IRM is risk management's professional education body

Euronet Worldwide
Euronet Worldwide processes secure electronic financial transactions.

Finance and Leasing Association (FLA)
FLA is the major UK industry body for the asset finance, consumer finance and motor finance sectors. 

The London Stock Exchange

LCH Clearnet
LCH Clearnet is one a European based counterparty.  They currently run a successful Student Placement Programme

United Kingdom Society for Investment Professionals (UKSIP)

Taxation

Association of Taxation Technicians
Professional body for those providing tax compliance services and related activities in the UK. Site includes education information

Chartered Institute of Taxation

British Venture Capital Association
Represents UK-based private equity and venture capital firms. Site includes member and professional advice directory and industry information. 

Trade Associations

Association of British Insurers

Association of Investment Companies

Association of Unit Trusts and Investment Funds

UK Payments

British Bankers Association

Building Societies Association

The International Capital Market Association (ICMA)
ICMA is the self-regulatory organisation and trade association for the international securities market. 

London Investment Banking Association

Further information and useful links

The Banker
Financial Times Group, Monthly

Business Link
Practical advice for Business. Part of the DTI

Centre for Economic Policy Research

Econometric Society
International society for the advancement of economic theory in its relation to statistics and mathematics

Financial Services Authority
The FSA aims to maintain efficient, orderly and clean financial markets and help retail consumers achieve a fair deal.

Intercontinental Exchange
Intercontinental Exchange operates global commodity and financial products marketplaces.

International Institute of Public Finance
The aims of the Institute are the study of Public Finance and Public Economics and the establishment of contacts and exchange of opinions on these problems among persons of all nationalities. 

Royal Economic Society
It is a professional association promoting the encouragement of the study of economic science in academic life, government service, banking, industry and public affairs.

Association of Business Recovery Professionals

The Association for Financial Markets in Europe

Society of Business Economists: Careers in Business Economics

TaxWorking
Career opportunities working in the tax profession. 

Investment

Chartered Financial Analyst (CFA) Institute
Serve its members and investors as a global leader in educating and examining investment managers and analysts and sustaining high standards of professional conduct. 

Key points

  • There are four main areas within Financial Services; Banking, Insurance and Investment Management and Operations.
  • Most large retail banks and building societies recruit graduates into graduate training programmes.
  • The financial services industry is closely linked with ordinary individuals’ day-to-day lives.

Resources

  1. Legal and General Podcast - Senior Recruitment Adviser, Tina Kelly talks about Legal and General and the skills needed to work there.