This snapshot, taken on
15/01/2010
, shows web content acquired for preservation by The National Archives. External links, forms and search may not work in archived websites and contact details are likely to be out of date.
 
 
The UK Government Web Archive does not use cookies but some may be left in your browser from archived websites.

Frequently Asked Questions

Careers in financial services frequently asked questions

We hope that our Directions has been able to answer your questions. You may find the answer to some of your questions below too however.

What types of jobs are there in financial services?
How important are qualifications and training to the financial services industry?
Where can I find out about courses in financial services?
Are there apprenticeships in financial services?
Where can I find out more about the Diploma in Business, Administration and Finance?
What skills are financial services employers looking for?
Are there opportunities for adults to enter the sector?
Where can I find out about vacancies in financial services?


What types of jobs are there in financial services?

We split financial services into six sub sectors to make it easier for you to navigate your way through the opportunities.  These are:

Banking
Insurance
Investments
Financial Advice
Credit, Leasing and Finance
Accountancy

There are many opportunities in each of these sectors, ranging from an entry position to those jobs which require experience and professional qualifications. You will be able to find out more about these sectors on the 'Career Options' page and by visiting the financial services high street.

Return to top


How important are qualifications and training to the financial services industry?

Employers in the sector value qualifications.  Qualifications can help you get entry to a career and get on in your career.  There are a range of courses that are relevant to the industry and these can be viewed here.  Financial services is a regulated industry and therefore it is often necessary to hold an 'appropriate examination' before being allowed to do a job unsupervised. Please see the page on 'Professional Qualfications' for more information.  Many employers in the industry will support you in gaining these qualifications.

Return to top

 


 


Where can I find out about courses in financial services?

We would recommend you visit the National Skills Academy for Financial Services website and also look at the page on 'course search', which will signpost you to relevant sources of information on courses.

Return to top 

 


 

Are there apprenticeships in financial services?

Yes.  Apprenticeships are available throughout the UK, but there are slight differences across the nations. Generally, there are two frameworks available - Providing Financial Advice and Retail Financial Services. Please see the 'apprenticeship' section for more information.

Return to top



Where can I find out more about the Diploma in Business, Administration and Finance?

Please visit www.baf-diploma.org.uk to find out more.

Return to top

 


 

 

What skills are financial services employers looking for?

There are skills that all employers require, such as good communication, team work and IT skills.  There are also personal qualities that employers look for such as good timekeeping, demonstrating an awareness of the sector and drive and resilience.  There are skills however that employers in financial services specifically are looking for from their workforce. These include business communication skills, financial literacy, numeracy, relationship management and good customer service.  See the 'finding a job section' for more information.

Return to top


Are there opportunities for adults to enter the sector?

Yes.  The majority of the career options in financial services require people to have good communication skills, be good at customer service and have a good understanding of numeracy.  These are all skills that can be gained from a range of other work environments and from other experiences in life. Employers value experience, and this doesn't always have to be from within the financial services industry.

Return to top

 


 

Where can I find out about vacancies in financial services?
We would recommend that you look at the 'finding a job in financial services' page to get tips on CVs, interviews and look at the range of employers and agencies that are featured.  We would also recommend that you visit Jobcentre Plus to find out about vacancies in your area.  You could also use recruitment agencies in your local area.

Return to top

 


 

 

 

 

 

 

 


Tel : 0845 257 3772

Copyright Financial Services Skills Council 2000-2008 | 51 Gresham Street London EC2V 7HQ