The Pros And Cons Of A Career In Financial Services

West End Office: City Office: The professionals and cons of a career in monetary companies The monetary providers business is likely one of the most essential to the UK, and in turn, jobs inside financial companies have elevated significantly over the past few years. There are 2 million monetary providers employees employed within the UK, and 665,700 of those are based mostly in London alone[1]. It is an business that gives a wide variety of roles and career opportunities and, consequently, attracts large numbers of prospects. Take a have a look at a number of the positions we're engaged on in the City in the intervening time! As with all industries, there are pros and cons to working within this exciting space. If you’re toying with the thought of a profession transfer in the City, here are a few of the things you may want to contemplate: Financially rewarding There is potential to realize the next-than-average revenue at all ranges inside the industry, as well as a promising prof ession path, great benefits and bonuses. City-primarily based firms usually reward hard-working employees with wellness advantages like free gym membership, entry to healthy meals and medical consultations. Variety No day will ever be precisely the same. The fast pace and unpredictable nature of the business means you’ll always be busy and learning new things. There’s likely to be an thrilling buzz around the workplace and undoubtedly no time for clock watching. Exposure On a daily foundation you’ll be confronted with high-profile people and businesses. It offers you a superb opportunity to network with new folks every single day, and this in turn can open a lot of doorways. In this area, it’s often not about what you realize; it’s who you understand. Social Scene The monetary providers business is known for its ‘work exhausting, play hard’ mantra. It wouldn’t surprise us if you met life-lengthy associates within the City. And when you’re a bubbly one that loves to socialize, you’ll match proper in. Long hours Working in financial providers isn't a typical 9-5 affair. Approximately one in three of all employees work in excess of 40 hours per week and a big number work considerably greater than that [2]. The work itself could be fairly high pressured and stress-inducing as a result of fast pace and the demanding nature of clients and colleagues. To minimise burn-out, we strongly suggest focussing on personal wellness and encourage you to take all of your annual go away. This will help counter-balance any stress brought on. Difficult characters In a support role you could be expected to cope with staff that will not provide you with an easy journey! Competition for jobs is excessive As monetary companies presents good promotion prospects and numerous career alternatives, this implies it's a competitive trade. And you’re competing with one of the best of the most effective. Few permanent opportunities Due to the unpredictable nature of the f inancial system, most of the financial companies firms favor to rent into lengthy-time period contracts quite than permanent roles. If you want to work in the City you’d need to be snug with this. Rest assured, these in lengthy-term contracts get pleasure from all the identical benefits and bonuses as permanent staff! We consider the benefits of working within the City far outweigh the dangers, but on the end of the day it needs to really feel right for you and your lifestyle choices. If you wish to talk about taking the next step, get in contact today. [1] The City UK â€" / [2] Grad Jobs â€" / WATCH â€" Perfecting your CV from the top down Are you looking for somewhat extra assist with your CV? Tiger’s Director and Head of the City Office, Angela Lopes, reveals her tricks to creating a perfect CV, so you’re prepared to search out your dream function when issues are again in full swing. She covers: What a good CV appears like Common CV mistakes Read more How volunteering can provide expertise for your CV At Tiger, we believe that volunteering provides a unbelievable alternative to give again to the group whereas giving you a way of function and serving to somebody in want. Through volunteering, individuals additionally acquire invaluable transferrable skills for the workplace. Whether it's signing as much as a turtle conservation programme overseas or volunteering in your local Read extra Sign up for the newest workplace insights. Looking for a job Looking to recruit