Training - By: CardiffJobs

Working in the financial sector isn’t as prestigious as it used to be, but is just as lucrative. The type of training involved is usually done as a graduate with extra training qualifications also required.

Becoming a Bank Manager for instance requires undertaking a graduate training programme and can focus on management skills and can be done with a 2:2 degree in a discipline such as business studies, economics or accounting. The other option is to progress from customer service level and, depending on your record in meeting targets and general efficiency within the workplace, begin an in-house management training programme with supervisory experience.
Ultimately, the training can include working towards gaining a BSc in financial markets and management provided by the Institute of Financial Services (IFS) School of Finance and can take up to two years to complete.

Other financial positions such as Financial Advisers require no formal academic qualifications although a higher echelon of establishments will tend to prefer graduates in finance & accountancy or any other business-related discipline. As for the training itself, candidates would need to complete a qualification recognised by the Financial Services Authority (FSA) which requires a lot of studying and exams and can take as long as two years to complete. Qualifications such as these must, of course, run parallel with being a competent communicator as well as possessing good understanding of financial products.

If you aspire to work in insurance then being a graduate is a good way to start your cause, especially in becoming an Insurance Broker. Again, a degree in a business-related discipline will be useful such as accounting, economics or maths. As for the training itself, graduate programmes are once again in operation which can take as long as 3 years to complete and again require a qualification recognised by the FSA. To become an Insurance Claims Manager doesn’t necessarily require a degree, but the process is made much easier if this is the case. Ultimately, the obligatory training qualification to enter the working world of insurance is the Chartered Insurance Institute certificate and diploma in insurance (CII) which dictates the level of competence that candidates must possess in order to work within the industry.

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