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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?
Businesses in the UK could benefit by around £100m over the next 10 years due to a recent update to insurance rules that were over 100 years old!

2 Videos

AVIVA plc
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This is Aviva - corporate film
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 2020
Salary:
Competitive salary
Location:
Norwich, 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. You...
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Underwriting Sales Clerks
Closing Date:
31st July 2020
Salary:
£18,000 - £26,500
Location:
King's Lynn, Norfolk
Closing date may close earlier depending on applications.This role will be telephone based, (both in and outbound calls) where you’re required to sell Insurance policies to clients who are actively looking to us for Insurance, there is no cold-calling!!
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Customer Service Clerks
Closing Date:
31st July 2020
Salary:
£18,000 - £25,200
Location:
King's Lynn, Norfolk
Closing date may close earlier depending on applications.This role will be telephone based dealing with mostly incoming telephone enquiries. Your duties will involve offering our customers a complete customer care package. This will cover a wide range of subje...
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Our Apprenticeships
Our Apprenticeships are a great opportunity for you to explore your interests, discover new ones and make an impact on millions of lives, all while getting paid. Each one of our programmes belongs to one of three job families. Not sure where'd you'd like to st...
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Virtual Experience Day!
Here you will find links to videos and resources that our staff have produced to give you more information about your chosen subject area.
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Apprentice Underwriter : Magenta Insurance
Closing Date:
31st July 2020
Salary:
TBC
Location:
Bury St Edmunds, Suffolk
Interested in a career in Insurance? Magenta Insurance Company are seeking a new member for their team This role will give you the opportunity to learn how to underwrite non standard property insurance, as well as be supported through professional insurance C...
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