Join the 2 million people employed in the finance sector, which contributes billions of pounds to the economy each year...
Employment opportunities in accountancy, banking and finance are grouped into:
There are about 34,000 businesses providing financial services, such as banking, insurance and financial advice, and more than 37,000 businesses registered to provide accountancy services, including audit, assurance, tax and advisory services.
For examples of job roles in this sector, see graduate jobs in accountancy and finance.
The 'big four' accountancy and financial services firms are:
In retail banking, employers include well-known high street brands, such as:
In investment banking, large companies include:
The main insurance companies include:
Many of the bigger financial companies are multinational and opportunities exist to work overseas, although this may depend upon having additional skills or competences, such as languages.
In the UK, there are far more small to medium-sized enterprises (SMEs) than large companies and this type of employer provides good prospects for graduates, although recruitment, selection and training arrangements may not be as formal. SMEs in the financial sector provide support for professional training and development and are likely to provide a more varied experience of work.
Graduate jobs in accountancy exist within charities and not-for-profit organisations but the majority of opportunities in this sector are in profit-generating businesses.
Graduates entering the accountancy, banking and finance sector can expect:
To find out more about typical salaries and working conditions in your chosen career, see types of jobs.
Despite job cuts in the banking sector during the recession, the future looks positive for the professional services, with finance and accountancy leading the recovery.
Around four in ten financial services jobs are in London and the South East of England. Although London as a global finance centre dominates, other cities such as Edinburgh, Glasgow, Leeds and Manchester have flourishing financial centres.
On 1 April 2013, the government established the Prudential Regulation Authority which is responsible for the supervision of more than 1,700 firms, including banks, building societies, and credit unions. The aim is to reduce the likelihood of failure and ensure a healthy and successful economy for the future.
This website is best viewed in an up-to-date web browser with CSS enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets if you are able to do so.