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Making Business Work for You
Financial & Professional Services is the sector with the largest number of employee jobs in Wales. It is particularly strong in South Wales with financial centres in Cardiff, Swansea and Newport. Wales’ reputation is strong in this sector.
Wales’ Financial and Professional Services sector includes:
Businesses would not be able to work without finance and professional services, from day to day banking, insurance, tax advice, lending and pensions, to architects, lawyers and human resources. These services help to support businesses to improve productivity
Over 50% of financial and professional services businesses are self employed
(WG Priority sector stats 2016)
Wales will need over 50,000 people in Finance, Insurance and Professional Services by 2024
(Working Futures, 2014-2024)
Business, Professional Services and Information Technology (IT) are expected to be the strongest growing UK jobs by 2024
Wales aims to be the most competitive region in the UK for Financial and Professional Services outside of London by 2021
(Welsh Government, 2016)
What jobs can I do?
Some of the Financial and Professional Services jobs you could do:
Source: Welsh Government, 2015
Half of Wales' 140,000 skilled Financial and Professional Services workers are based in the Cardiff region.
(Business Wales, 2016)
Wales has become the European centre for web enabled customer comparison sites with headquarters for Moneysupermarket.com, Go Compare and Confused.com
(Welsh Government, 2016)
In South East Wales
of Financial Services
training is ‘on the job’ only.
Meet the Employers
These are some of the Financial and Professional Services employers in Wales:
Bangor Commercial Centre
Cardiff, Swansea, Newport
Legal & General
What can I earn?
Salaries can vary depending on your experience, the employer and where you live. Higher salaries can be awarded for more senior positions. Salaries also vary for self-employed workers.
Source: CASCAiD, 2015
The Financial and Professional Services sector has jobs at all levels, from those suitable for school leavers to higher skilled jobs that require a degree or higher level qualification.
Apprenticeships are a great way of getting into the Financial and Professional Services sector. You can start at an entry level or can work towards a higher level degree as part of your apprenticeship.
- AAT Level 2 Certificate in Accounting
- AAT Level 3 and 4 Diploma in Accounting
- Level 3 Trainee Accountant Technician
- Level 3 Finance, Risk and Investment
- Level 4 Higher Apprenticeship
Apprenticeships are a great way to get experience with an employer while you work towards qualifications. You can even study towards a degree as part of your Financial and Professional Services apprenticeship.
Remember to use Social Media! Many employers have their own Twitter, Facebook and LinkedIn pages so advertise jobs there. Just remember that they could also see yourTwitter feed or Facebook wall, so be careful what’s on there!
Companies in the sector create jobs requiring high skills. For more professional jobs within the sector, employers will look for a higher skill level so you might need a degree qualification.
The ‘big four’ accounting firms, PwC, Deloitte, KPMG and Ernst & Young are all in the top ten of the Times Top 100 Graduate Employers 2014. (Source: Times Top 100 Graduate Employers 2014-15). All have offices in Wales.
Here are are some of the degrees you could do:
- BA (Hons) In Management and Business
- BSc (Hons) Financial Planning, Investment and Risk
- BA (Econ) Accounting in Finance
- BA (Hons) Human Resource Management
- LLB (Hons) Law
- Architecture (BSc/MArch)
- MSc Finance and Investment
Networking and word of mouth are important in the Financial and Professional Services Sector. Get to know other people and businesses, face-to-face and through social media
Build your network of contacts to sell yourself and your ideas.
Get as much work experience as you can. Lack of general work experience is one of the top 3 reasons employers give for not employing someone.
Skills in demand
You will need to be well organised and have the ability to prioritise work.
Employers will look for candidates with the following skills:
- Organisational Skills
- Numeracy Skills
- Ability to pay close attention to detail
- IT Skills
- Problem Solving
- Time Management
- Excellent Communication Skills
- Confidence and the ability to make decisions
- Ability to Prioritise
- Being able to analyse and Interpret data
Businesses are using technology to respond to new regulations and changes in the market so be prepared to deal with change. Security is always a high priority in this sector and technology is used to protect individuals and businesses.
Do I need Welsh Language skills?
If you work in Wales, being able to speak and write in both Welsh and English can give you an advantage in the workplace, particularly if you are working in Welsh speaking areas.
In the Finance, Insurance and Professional Services sector