More than 2 million people in the UK work in financial and professional services
Computer Studies & IT
There is very little in the world that is not affected by computers and information technology. In a world that is changing all the time, it is important that people making decisions related to the buying and selling of products have all the up-to-date information at hand. Financial services is highly dependent on IT systems.
English is very suitable for many roles in the business sector. You will be required to think analytically and you will need to be able to communicate effectively and efficiently with people. Presentation skills are essential – you may be required to present a project to three people or 300! Job roles in financial services could include public relations, financial journalism, research and sales and marketing.
History equips you with good analytical skills. Financial services professionals are required to gather research and analyse trends to determine and evaluate the most suitable products in which to invest to ensure their clients receive the best rewards.
Economics is the study of the production, distribution and consumption of goods and services. Knowledge of how the world of finance works is essential to being successful in the industry. Understanding connections between what’s going on in the world and how that affects the price of goods and services and the needs of people can make the difference between success and failure.
Geographers have lots of skills that can be applied to a career in financial services including research, data collection and analysis and evaluation. Understanding the economy and its changing influences, possessing knowledge of urban planning to explain why financial services hubs are built in cities and how transportation and infrastructure impact upon the success of a business, will all be beneficial. All of the world’s resources are enveloped in Geography and those who know and understand this can make good use of their knowledge in wealth creation.
Numeracy skills are used for a variety of roles within the industry. Being able to count obviously helps when dealing with money but it is also used in the analysis of data; such as profits, margins (how much profit you are making on a product) and even predictions about the future!
Finance is a global industry and being able to speak other languages can help make sure everything runs smoothly. A good level of English is also required when dealing with a range of people in order to make sense of the technical language used. Even though a large proportion of people in financial services speak English, better relationships can be built by understanding the language and culture of other nations.
The global nature of financial services means employees need to be adaptable to changing situations and understanding of different work practices, timezones and cultures. Citizenship teaches you to be active, informed and responsible and knowledgeable about the social and political world. Financial services professionals must act ethically and responsibly and be honest, fair, open and transparent in all business practices.
While not absolutely necessary for a successful career in finance, knowledge of specialist areas of investment, such as technology, and how they work, can often grant you an edge in what is a competitive area. For example, mobile phones use copper, silver, gold and palladium, all sold on the London Metal Exchange.