Careers and progression in the finance industry

1. Careers and progression in the finance industry Your name Date of presentation

2. Introduction • About me • My background and progression to date inc school and uni • My career plan

3. Opportunities in the finance industry? • My Reasons • You could talk about the Key words of reward for responsibility and managing risk

4. Who goes into finance ?

5. Contemporary issues

6. Types of companies Accountancy Banking Investments Pensions Insurance Finance Financial Planning

7. Risks and opportunities What could we assume the opportunities are here for the finance industry ? What and who is at risk in this picture ?

8. Roles and responsibilities Client facing Client Supporting

9. Client facing roles • Direct interaction with clients • Sometimes known as Origination roles as this is where new business and deals originate • Examples are dealers, traders, commodity brokers, wealth management, private equity, corporate investment banking • What would employers look for in these roles?

10. Client supporting roles • Supporting , technical and operational functions of the company. • They make sure that the company can collect the money they are owed, pay the staff and investors, train and recruit staff, provide the technical support • e.g. IT, HR, Payroll, Operations • What kind of people do employers look for these roles?

11. A bit of both • Sometimes known as middle office • These roles can be either client facing or supporting depending on the company and its business • Treasury • Research

12. Skills • What skills do employers need for entry to finance sector ? • For some roles being numerate and good with numbers ranks highly but never as highly as ……………….

13. Skills • People skills • Communication skills

14. Skills • Passion and enthusiasm • Energy and stamina • Initiative • Problem solving • Analytical • Multi tasking • Precise • Self aware

15. Examples of problem solving activities • Group one : What questions would you have to ask if you were inventing a new financial product? • Group two: Your client is interested in buying another company. What do you need to find out for them and why? • Group three: Your client is a premier league football club. What risks do they face and how could finance and accountancy companies be used to help them manage their risk?

16. Professional Qualifications • Once you are in the industry there are professional qualifications you will need to gain to continue in the sector. • You cannot do these qualifications at university or college as you need to be working to gain them. Examples • Accountancy: ACCA, ACA or CIMA • Insurance: CII certificate • Financial planning: FPSB UK Diploma

17. Routes in As a school leaver with A levels or BTEC As a graduate with a university degree

18. At age 18 - school leaver with A levels or BTEC Apprenticeship scheme YOU GET • Paid approx. 14- 20 k per year • No university fees • Employer pays for your qualifications and training costs • You have three years experience of sector by age 21 EMPLOYER WANTS bright enthusiastic people • Grade expectations from GCSE often include B in maths GCSE and usually more than 240 UCAS points but see employers’ websites for details e.g. whether specific subjects at A Level / BTEC are required

19. At age 21+ - university graduate with BA or BSC degree Graduate scheme YOU GET • Paid approx. 20- 30 k per year, rising quickly once qualifications secured- this takes approx. three years . Taking some degrees e.g. accountancy will exempt you from some of the exams • Employer pays for your qualifications and training costs EMPLOYER WANTS • bright enthusiastic people and are often interested in A Levels as well as degree results • Which subject do employers prefer you to have studied? • Some prefer a numerate degree – broadly classified as maths, accountancy, engineering, economics but most employers consider most degrees including business, history, geography, politics and languages.

20. At age 21+ - university graduate with BA or BSC degree • Of all the graduates that became graduate-level finance professionals six months after leaving university in 2011, 21% had studied accounting and finance degrees The rest came from a variety of degree backgrounds, such as business studies, economics, English, geography, history, law, maths and politics • Research by the Higher Education Statistics Agency (HESA).

21. 18 or 21? • Discuss the pros and cons of entering the industry at 18+ and 21+

22. http://www.directions.org.uk/getting-in/

23. Getting experience Whilst the total number of graduate vacancies is set to increase in 2013, recruiters expect that over a third of this year’s entry-level positions will be filled by graduates who have already worked for their organisations – either through internships, industrial placements or vacation work.

24. Getting experience • Give examples of your personal work experience , where and when and what you gained from it • Give some advice on how to get work experience

25. Get in Get on • http://www.directions.org.uk/getingeton/what-get-get/

26. Get in Get on

27. Join me to tackle future challenges • Increased regulation • Emerging markets • Ageing populations • Increasing middle class and disposable income • Environmental concerns • Globalisation • New Technologies

28. Thank you