Looking at the UK job market, statistics are looking up. A survey carried out in 2015 by TheCityUK, a financial industry representative, revealed that the sector contributes at least 12% of the UK’s GDP, and accounts for at least 7% of the country’s job market. In the report, the banking and insurance sub-sectors emerged as the leading employers in the industry. Every wave of economic growth triggers a surge in employment opportunities. If you are a graduate or skilled in finance, and are interested in pursuing a career in finance, various options are available.
Widen your job search
Financial services are in demand by every other industry, given that finance forms the backbone of all industries. As such, you can’t narrow your job search to the core financial institutions. This can be very limiting and frustrating, especially with increased competition in the job market. Broaden your search to other sectors that are either directly or indirectly dependent on a sound financial background. Companies in such sectors are likely to have strong financial departments to streamline and ensure financial stability.
Herein lies your chance to get a job of your dreams, if only you can step out of the traditional path. You can easily find such employment opportunities as tax advisor, financial management consultant and purchasing manager, among others.
Financial job requirements
To penetrate into career ranks in the financial sector, you must prove that your skills and professional qualifications are competent enough to suit employers’ requirements. However, if you possess the following skills, you have a higher probability of landing your dream job:
- Excellent communication skills.
- Open-mindedness and flexibility.
- Motivational leadership skills.
- Strategic thinking and analytical skills.
- Team-working and interpersonal skills.
- Good time management and strong organisational skills.
It should be noted that as much as these skills may be sufficient to earn you a job, they may be insufficient in attracting a good salary.
Education and training
It is important to acquire relevant educational and professional qualifications to compete effectively in the market. Once you get the job, don’t rest on your laurels; advance yourself through various industry-related training, or enlist yourself for a parallel degree in college. This is especially applicable to those who wish to switch their careers from other career paths to the financial sector. Adjusting to a new career path takes time. Acquiring relevant industry-related skills enhances settlement.
The financial contractor career path
If you are a little bit more adventurous, you may opt for a career as a financial contractor. Contractual accountancy can be quite interesting, given that you are your own boss. In this case, you determine your own work schedule, selling your skills and time at your terms. If more money, freedom and a chance to gain widespread experience is attractive to you, why not consider this option? Such sites as Pocket Accounts can be instrumental in starting you off on this career path.
Pursue your dream
Whichever decision you make, ensure that it is in line with your long-term goals. Whether you opt for employment in the financial industry or you take the contractual path, your satisfaction and fulfilment should be the overriding factors.
Are you considering a career in finance? Let us know and ask any questions below.