Banking and Finance – United Kingdom

We are highly engaged in these markets and have a large database and network of connections in risk, audit, compliance, treasury, cyber security, business resilience, and legal. Because our consultants specialise in specific areas of banking, we can provide advise and direction based on a thorough grasp of your area of interest or demand.

Financial Analyst

Financial analysts examine investment markets, stocks, bonds, hedge funds, and securities while working in institutions such as banks, insurance consultancies, and stockbrokers. Based on their results, they give policy and strategic recommendations to their employers.

Despite the upheaval generated by Brexit, the UK’s demand for Financial Analysts has remained stable.  Indeed, the industry has seen a 3% increase in overseas applicants coming to the UK to begin their careers.

Financial analysts are not always employed by banks or investment firms. Retailers and government agencies also seek their services. To be successful in the area, you must be able to think creatively, understand financial patterns and current events, and be a confident speaker.

Although the sector is a common entry point into other fields, the average beginning wage for a Financial Analyst is roughly £30,000, rising to over £50,000 with expertise.

Accountant

Accounting is a highly trained and disciplined profession, which is why good Accountants are in high demand throughout the UK. According to study, the country will require an additional 80,000 accountants by 2050.

Accountants are essentially directly accountable for their employers’ financial concerns. Their responsibilities include balancing the books, preparing financial statements, and ensuring that their clients follow specific laws and legislation.

It goes without saying that all employees in the finance industry must be mathematically proficient. Accountants, on the other hand, must have a sharp eye for detail. You’ll also need to go through extensive training before you can qualify.  Salary ranges for entry-level candidates range from £35,000 to £45,000. These figures grow to £70,000 after four years of employment and more than £100,000 after five years in senior level.

Investment Banker

Investment banking jobs continue to be among the highest paid in the financial sector and are in high demand.

Indeed, Investment Bankers provide financial advice to their employers. To raise funds, they also acquire and sell assets in financial markets. Investment bankers must be on the lookout for appealing trades that have the potential to provide a big return in the short and long term.

Investment banking is a competitive sector, and job seekers should strive to stand out through their academic performance and communication abilities. Investment bankers must be prepared to work long hours and have a strong understanding of industry ethics in addition to the conventional mathematics and numeracy skills. After all, the majority of the time is spent on the phone negotiating with clients and colleagues.

Payroll Outsourcer

Payroll is a major aspect of the current financial services outsourcing trend, as companies strive to improve the competence and efficiency of their payroll systems. Payroll outsourcing companies, in reality, offer a wide range of services to their clients. This could range from registering work hours and calculating taxes to comprehensive end-to-end packages and pay stub distribution.

Payroll Administrators must be diverse in their skillsets, including customer service, communication, and management.

Payroll Administrators that work in international outsourcing may find themselves working in locations all over the world. Candidates for these positions should have a thorough understanding of global payroll practices and compliance. Naturally, knowledge in a foreign language is also useful.

Payroll wages start at about £26,000, but there is plenty of room for promotion into other financial areas. This includes roles in management, executive, and senior management.

Insurance

Employees with accounting and financial backgrounds are in great demand in the insurance industry because it is based on financial transactions. The insurance market in the United Kingdom is the third largest in the world. The field is varied, with numerous options and career routes available. However, most entry-level positions are filled by large corporations.

Employees in the insurance sector may begin as actuaries or analysts, determining insurance rates based on historical and present data trends and global events. Candidates should have a university degree, a sense of risk and loss avoidance, and an eye for detail. Salary ranges for entry-level positions range from £18,000 to £25,000, with the potential for advancement to £100,000 with experience.

Financial Auditor

Recent developments, such as Brexit and other tax reform proposals, have heightened scrutiny of business and public financial concerns. Simply put, there is a greater demand for employees who work in auditing capacity.

The United Kingdom recently increased its audit threshold to £10.2 million. While the growth limited chances in smaller businesses, it enhanced the need for skills and expertise in mid-tier financial services corporations.

Auditors and personnel in related roles must be alert and organised. They frequently need to be certified by the proper regulatory agency as well. Auditors must also be well-versed in compliance and be able to work well under pressure.

Entry-level auditing salaries range from £27,000 to £30,000, with management-level employees earning roughly £65,000 and top executives earning well over $100,000.