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The state of play in the finance industry

The financial arena is also undergoing a radical change. The digital age has seen the remote low-cost high-quality service begin to grab the market by the abacus.
The age of the stereo typically accountant, a man of few words and a calculator has ended, now our most successful clients want highflyers that are too sexy for their calculators. They demand engaging leaders who are client facing, brand ambassadors and have the ability and energy to go all the way.

What are the biggest issues impacting recruitment in the sector?

Businesses are in need of those who fully understand legal and accounting processes, PLUS have the advanced skills to keep up with emerging technology and software systems. This makes the recruitment process a bit tougher, as traditional finance professionals don’t always hold these very crucial additional skills. In a 2016 survey by Peak 10, it was unveiled that more than three-quarters (76%) of financial institutions had created new IT roles in recent years, though half stated they were finding it either "difficult" or "very difficult" to find the right candidates for the role. Finance professionals have a specialist set of skills, so they know their value. Treat them well, and they’ll remain loyal on a long term basis. Treat them like a number, and they’ll happily move on to a more promising proposition. In such a key environment as finance, it’s more crucial than ever to keep your number crunchers and legal minds happy. This is why we offer a full retention strategy as part of our recruitment process because sometimes, it takes much more than a corner office and a dress down Friday to keep great talent coming back every day. That said, the finance sector has had to face a slightly poor rep in recent times. Long hours, stressful targets and demanding roles don’t always excite those just getting started in the sector. So there needs to be a blend between professional progression and job satisfaction to entice those believing the hype that this sector has lost its sense of fun. Accountants are fun. Just in their own unique and perfectly balanced way.

What kind of jobs are in finance?

Working in the finance sector offers a variety of different positions. Some examples include financial planners, join company management, working for a commercial bank, public accounting, insurance and more. If you’re interested in finding out more information about how to get into the financial sector, get in touch and we would love to help.

Do finance careers pay well?

The finance sector is extremely competitive and is infamous for its high paying positions and bonuses for those driven and talented enough to work their way to the top. A career in finance can certainly provide a generous salary in comparison to some career paths.

Is it easy to get a job with a finance degree?

The finance industry is constantly changing and has a very competitive job market. Having a degree in finance can help you stand out from a crowd of applicants, especially if you can display that you have mastered a range of skills required for a finance role. For most finance positions, a bachelor’s degree is a minimum requirement and will give you the foundations for having a successful career in finance. However, due to the fiercely competitive nature of the industry, landing a job in this field can still be a challenge. The People Pod can help you land your dream job in finance, just drop off your CV today.