Financial services

An apprenticeship can make your world go round

Financial services are about much more than simply money management. They deliver the bank accounts that protect our personal finances, the loans that we obtain to set up businesses, the mortgages we use to buy our homes, the insurance policies we take out to protect our cars, and the pensions that preserve our way of life in old age.

The provision of all of these services requires a workforce of highly skilled professionals dedicated to excellent customer service, ethical business and strict compliance with regulations. Above all, they must be committed to preserving the rights of the consumer and providing an unparalleled service in a challenging fiscal environment. Apprenticeships offer a solid, accessible route into a financial services career, in banking, investment, insurance and pensions, at organisations ranging from the high street branches of banks to global investment management firms.

There are 30 apprenticeships in this sector, reflecting the growth of financial services and the need for highly skilled professionals. New for 2019 is the actuary degree apprenticeship, which will train you in in financial modelling, using your mathematical skills to measure the probability and risk of future events, and their financial impact on a business or individuals. There is also the professional economist degree apprenticeship. This will train you in the production of rigorous, relevant and impactful economic analysis to drive decision-making.

Interests and skills

Consider a career in financial services if you have a head for numbers and predilection for customer service. Jobs can be undertaken across banking, investment, insurance and pensions, in a range of highly skilled roles and functions.

School subjects

The school subjects that may prepare you for an apprenticeship in financial services include:

  • Maths
  • ICT
Further reading

To find out more about apprenticeships in financial services, visit: gov.uk/education/apprenticeships-traineeships-and-internships

Accounting apprenticeship

An Accounting apprenticeship could find you working in an accounts department, helping a business or organisation manage its money properly.

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Actuarial technician apprenticeship

Actuaries manage risk. They work for companies in a range of fields, but especially in insurance and pensions, analysing the

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Banking apprenticeship

This Higher Apprenticeship in Banking is for anyone who aspires to manage a branch or number of branches for a

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Bookkeeping apprenticeship

Bookkeeping is about understanding how a business works and then providing accurate figures that enable the business to know exactly

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Financial services administrator apprenticeship

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Financial services customer adviser apprenticeship

Within banks and building societies, there are a number of front-line roles that deal with customers on a range of

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Insurance apprenticeship

A Higher Apprenticeship in insurance will prepare you to work in the insurance sector in a claims, broking or underwriting

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Investment operations apprenticeship

Investment operations professionals are needed to work within the operational and administrative areas of businesses in the financial services sector

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Paraplanner apprenticeship

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Payroll apprenticeship

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Professional services apprenticeship

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Providing financial services apprenticeship

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Relationship manager (Banking) apprenticeship

In banks, relationship managers are responsible for providing products and services to a portfolio of customers, to help them achieve

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Tax apprenticeship

The work of HMRC (Her Majesty’s Revenue and Customs) touches the lives of every single adult and business in the

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Workplace pensions administrator/consultant apprenticeship

The Workplace pensions administrator/consultant apprenticeship covers two roles that provide information in relation to in-house pension schemes or externally to

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