How do I get in?
The qualifications required vary depending on the financial sector that you want to work in. To work as a clerk in a clearing bank (retail) you will need GCSEs or to start as a more senior clerk you should have two or more A-levels.
There are also graduate recruitment schemes that train you directly for management. The Chartered Institute of Bankers (CIB) offers qualifications ranging from certificates to diplomas in various areas of finance. Getting into work in building societies is similar to retail banking.
Most recruits to insurance have at least four GCSEs; maths and English are essential. Graduates from a range of disciplines also work in insurance; degrees in business, accounting, law and maths are the most sought-after by insurance companies.
To become an accountant involves taking professional exams. Most people in investment banking have very good degrees or postgraduate qualifications; the investment banks recruit top graduates only.
What job could I do?
Retail Banking - you could work as a clerk or manager in a regional branch or specialise as a mortgage or insurance adviser. There are also management and development jobs in head offices
Building Societies - you could work as a clerk, a mortgage or insurance adviser or as a manager
Insurance - you could sell life insurance, pensions, accident and health insurance, travel insurance, employment insurance etc. You could work in claims, as an actuary (determining how much the loss and return will be on insurance policies), in fund management or underwriting (writing insurance policies)
Loss Adjusting - a loss adjustor works independently of insurers, brokers and policy holders to decide the outcome of insurance claims
Accountancy - you could work as a chartered accountant, certified accountant, management accountant or a public sector accountant
Investment - you could work in corporate finance, raising funds, market making, research and analysis, asset management or venture capital.
Sunderland Jobs Pros and Cons?
Pros
· Salaries in the financial sector are higher than most other sectors.
Cons
· Working in finance can mean working long hours on repetitive tasks.
Sunderland Jobs Earning potential?
Salaries in the financial sector are higher than most other sectors. Higher rates apply to everyone from the secretary to the investment banker.
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