{"id":7708,"date":"2020-02-14T11:30:43","date_gmt":"2020-02-14T11:30:43","guid":{"rendered":"https:\/\/www.emagister.co.uk\/blog\/?p=7708"},"modified":"2020-02-14T11:30:43","modified_gmt":"2020-02-14T11:30:43","slug":"overview-of-the-uks-banking-and-insurance-sector","status":"publish","type":"post","link":"https:\/\/www.emagister.co.uk\/blog\/overview-of-the-uks-banking-and-insurance-sector\/","title":{"rendered":"Overview of the UK&#8217;s Banking and Insurance sector"},"content":{"rendered":"<p>If you are thinking about getting into this field you can expect different things out of it. For instance, working hard and long hours in such a fast-paced environment with salaries from\u00a0\u00a320,500-\u00a342,000 depending on your experience\u00a0(High Fliers&#8217; The Graduate Market in 2019)<\/p>\n<p>Besides the hard work, you can also expect rapidly increasing salaries, big bonuses and great opportunities for progression.<\/p>\n<h2>What areas can you work in?<\/h2>\n<ol>\n<li><strong>Accounting.<\/strong> This includes the roles of accountants that reports a business&#8217;s accounts or those who are willing to work independently and manage another company&#8217;s accountancy.<\/li>\n<li><strong>Banking.<\/strong> This sector enables people and business to manage their money through savings, credits, loans and insurances.<\/li>\n<li><strong>Financial planning.\u00a0<\/strong>These types of jobs focus on providing advisory services and planing the financial future for people and companies.<\/li>\n<li><strong>Insurance<\/strong>. This industry advises workers and companies from different sectors in the possible risks they face daily and how can they protect from those.<\/li>\n<li><strong>Investments and pensions<\/strong>. Professionals seek the performance of funds, their client&#8217;s heritag and their financial risks. Their main activities reside on\u00a0performance measurement, investment support, risk assessment, data management, and trading and stockbroking.<\/li>\n<li><strong>Tax<\/strong>.\u00a0Often regarded as a subset of accounting, tax specialists can either work as advisers to their employer&#8217;s clients or take up governmental positions.<\/li>\n<\/ol>\n<h2>And the best employers are&#8230;<\/h2>\n<p>Regarding finance the best companies to work in are:<\/p>\n<ul>\n<li>Deloitte<\/li>\n<li>Ernst &amp; Young (EY)<\/li>\n<li>KPMG<\/li>\n<li>PricewaterhouseCoopers (PwC).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Among the UK&#8217;s retail banks and building societies, the highlighted companies are:<\/p>\n<ul>\n<li>Barclays<\/li>\n<li>HSBC<\/li>\n<li>Lloyds Banking Group<\/li>\n<li>Nationwide Building Society<\/li>\n<li>Royal Bank of Scotland Group (includes NatWest)<\/li>\n<li>Santander UK.<\/li>\n<\/ul>\n<p>In investment banking, the most distinguished companies include:<\/p>\n<ul>\n<li>Barclays Investment Bank<\/li>\n<li>Citigroup<\/li>\n<li>Deutsche Bank<\/li>\n<li>J.P. Morgan<\/li>\n<li>Morgan Stanley<\/li>\n<li>The Goldman Sachs Group.<\/li>\n<\/ul>\n<p>And the most important insurers operating in the UK are:<\/p>\n<ul>\n<li>Admiral Group<\/li>\n<li>Allianz<\/li>\n<li>American International Group (AIG)<\/li>\n<li>Aviva<\/li>\n<li>AXA<\/li>\n<li>Direct Line Insurance Group<\/li>\n<li>Legal &amp; General Group<\/li>\n<li>Liverpool Victoria (LV=)<\/li>\n<li>Prudential<\/li>\n<li>RSA Group<\/li>\n<li>Standard Life.<\/li>\n<\/ul>\n<p>There is number of ways you can enrol into this industry, you could work for example as a bank manager.<\/p>\n<h2>What do I need to do to become a bank manager?<\/h2>\n<p>You can gain experience working in a bank as a full-time employee or as an intern. In any case, you will need a completed degree depending on the job position.<\/p>\n<p>To do a degree you will need a GCSEs (A-C) which includes maths, English and science. You will also need three A levels (or any equivalent level 3 qualification). The most relevant degrees in this industry are\u00a0business, economics, finance, management or marketing.<\/p>\n<p>If you would like to learn more about this industry see the courses selection we created for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are thinking about getting into this field you can expect different things out of it. For instance, working hard and long hours in such a fast-paced environment with salaries from\u00a0\u00a320,500-\u00a342,000 depending on your experience\u00a0(High Fliers&#8217; The Graduate Market in 2019) Besides the hard work, you can also expect rapidly increasing salaries, big bonuses [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":7710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[137],"tags":[],"class_list":["post-7708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Overview of the UK&#039;s Banking and Insurance sector - Emagister Guide<\/title>\n<meta name=\"description\" content=\"Learn the most relevant information if you want to start a career in the banking and insurance industry. 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