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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?
Willis Towers Watson is a leading insurance broker which operates globally with one of its main offices located in Ipswich, along with London, New York and Mumbai. Willis Towers Watson also has links with insuring the Titanic.

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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Employers - Do you have staff in need of work due to Coronavirus restrictions?
Food production opportunities may be able to cover gaps in paid hours.
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ATT Tax Apprentice
Closing Date:
30th April 2020
Salary:
£8,872.50 - £17,004.00. Six monthly pay reviews
Location:
Norwich, Norfolk
We offer a full training package which includes professional training for the ATT qualification, along with a structured approach to training in the office which will allow you to learn how to prepare accounts, calculate tax liabilities and many other skills t...
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Marsh Apprenticeship Scheme 2020 - Insurance Practitioner Level 3
Closing Date:
29th May 2020
Salary:
Competitive salary
Location:
Norwich, Norfolk
Working within a highly skilled team of client advisors and executives, you will be involved in administering specialised insurance programmes, including preparation of market presentations, managing premium billing and collection. You will need to have a will...
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Administration Clerk
Salary:
£15,500 - £17,000 + bonuses
Location:
East Winch / North Lynn / Norwich
This role will be mainly administrative and desk based, processing incoming and outgoing correspondence for both our customers and Insurance Companies. This will include some telephone work.
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Underwriting Sales Clerk
Salary:
£17,500 - £25,750
Location:
East Winch / North Lynn / Norwich
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
Salary:
£17,500 - £24,500
Location:
East Winch / North Lynn / Norwich
This role will be telephone based dealing with mostly incoming telephone enquiries. Your duties will involve offering our customers a complete customer care package.
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