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Overview

The Finance Industry is the sector involved in banking, accounting and insurance and is responsible for 7% of all UK employment.

There are many different options available from stock brokers, savings and mortgage advisers to underwriters who advise on insurance risks and everything in between!

The great thing about the industry is that is that there are loads of routes in, and the big players can help with this as they have many graduate, apprenticeship and training schemes. Check out what companies like Barclays offer and try to find other companies that offer similar things.

Many of the bigger financial companies also offer the opportunity to work overseas if you wish, this is where a second language would be beneficial!

Financial and business services make the largest private sector contribution to Norfolk’s economy, with over 180 companies. Norwich is also one of the largest general insurance centres in Europe. In recent years, the sector has expanded to the nearby Broadland Business Park, with Aviva having a major base there, as well as in the city centre, together with Royal Bank of Scotland. Other leading companies include: Marsh, Virgin Money, The One Account, Tax Assist and Moneyfacts.

Norwich has been a base for the financial industries for over 200 years and boasts a financially literate, highly-skilled and stable workforce recruited from local colleges and universities as well as the very first National Skills Academy in the UK for Financial services.

Suffolk also boasts an impressive financial sector with the addition of niche markets around marine insurance linked to the county’s ports, farm and crop insurance and thatched property insurance in rural areas, plus a host of small
financial service businesses.

Suffolk has seen a significant increase in the number of finance and insurance businesses taking advantage of relatively cheap property costs, easy access to London, good availability of related training and education plus an experienced workforce.

Take a look at the sectors here to find out more about a career in finance.

Did You Know?
Each year there are 30,000 applications to UK's damaged note service, with claims totalling a value of £18 million. In 2008, there were 4,916 claims (totalling £113,000) for bank notes which had been eaten by pets.

4 Videos

AVIVA plc
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This is Aviva - corporate film
Lovewell Blake
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Through the eyes of a trainee
Ipswich Building Society (IBS)
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Apprenticeships here at Ipswich Building Society
New Anglia Local Enterprise Partnership (LEP)
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Venturefest East 2016
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4 Sectors in this industry

4 Organisations in this industry

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AAT Trainee
Closing Date:
30th September 2019
Salary:
£8,199.75 - £15,475.85
Location:
Great Yarmouth, Norfolk
As a trainee accountant you will follow formal training for the Association of Accounting Technicians (AAT) qualification alongside on the job training. You will get started on real client work, such as accounts preparation, as soon as you have settled in.
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Business Services & Outsourcing Apprenticeship - BDO Drive
Location:
Ipswich
BDODrive is part of the Business Services and Outsourcing stream. BDODrive delivers a range of services to help ambitious and entrepreneurial businesses and their owners make do business easy and achieve their goals. It brings together compliance, outsourcing...
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Audit Internship
Location:
Ipswich
Audit means much more than crunching numbers. Auditors are integral to keeping the UK financial system safe for investors and the public. As auditors we use smart questions to get to know our client’s businesses, and maintain scepticism throughout the audit pr...
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Audit Apprenticeship
Location:
Ipswich
Audit means much more than crunching numbers. Auditors are integral to keeping the UK financial system safe for investors and the public. As auditors we use smart questions to get to know our client’s businesses, and maintain scepticism throughout the audit pr...
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Audit Graduate
Location:
Ipswich
Audit means much more than crunching numbers. Auditors are integral to keeping the UK financial system safe for investors and the public. As auditors we use smart questions to get to know our client’s businesses, and maintain scepticism throughout the audit pr...
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Tax Apprentice
Location:
Ipswich
A BDO client will generally have some short – term goals and a long- term vision; but standing in their way will often be a number of tax-related issues. Our Job is to act as guides through the complex, ever- changing landscape of tax legislation, to help our....
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