From the excitement of Lloyds London Market, to an advisory role with one of the world's leading consultancy firms, an actuarial career is one of the most diverse, exciting and rewarding. With a professional qualification that is recognised worldwide who knows where the future could take you. Find out more about how to become an actuary
There are more than 2 million people employed in the finance sector, and it contributes billions of pounds to the economy each year. Find out where the jobs are...
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:
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.
The government intends to establish the Prudential Regulation Authority by the end of 2012 to be statutorily responsible for the supervision of more than 2,000 firms, including 157 UK-incorporated banks, 48 UK building societies, 652 UK credit unions and 162 branches of overseas banks. All firms will be subject to a baseline level of supervision aimed at reducing the probability of failure.
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