The Different Career Paths in the Financial Services

Financial ServicesIf you’re looking for a lucrative job that will help you to build up your retirement savings, it’s well worth investigating the roles available within the UK financial services sector. There are a host of positions on offer in areas ranging from accountancy to auditing, credit control, insurance and investments. In fact, there are well over 30 distinct roles to choose from within the industry. Here, we take a look at three of the most popular career paths.

Mortgage Adviser

Many people need help when they are looking for a mortgage and so the services of specialist advisers are in high demand. Mortgage advisers look at their client’s finances to see how much they can afford to borrow to buy a home. They also explain the different types of mortgages on offer and guide clients through the loan application process. In addition, they can sell related products like life or buildings insurance. To be successful in this field, you will need to be an effective communicator, be confident working with numbers, have good computer skills and be able to work under the pressure of meeting targets.

You’ll also need to get industry-recognised qualifications. For example, many mortgage advisers hold the Certificate in Mortgage Advice and Practice (CeMAP) and some go on to supplement this with the Certificate in Regulated Equity Release (CeRER). To find out more about the qualifications on offer, you can visit websites such as


Accountancy is another popular career path within financial services. These specialists work with clients to handle their tax, carry out audits and offer advice on how to improve business or personal finances. If you get a job in this field, you could find yourself performing a wide range of tasks, including preparing financial statements, managing clients’ spending and expenses, producing monthly and annual accounts, filing tax returns and dealing with insolvencies.

This could be the ideal route for you if you have a good eye for detail and a flair for working with numbers. You’ll also need to be able to communicate effectively with clients and present potentially complex information in a clear and straightforward way. To become a qualified accountant, you must complete a degree or train on the job and then gain suitable qualifications from a professional body.

Insurance Underwriter

We all have insurance of various different kinds and underwriters are the individuals who are tasked with calculating our level of risk. To underwrite means to accept financial responsibility for potential financial losses. These specialists decide whether to accept insurance applications and they dictate the terms, conditions and costs of policies. Regular duties include everything from studying insurance proposals to analysing statistics provided by actuaries and gathering background information on companies and individuals.

To land a role in this area you’ll need to have impressive negotiation and communication skills and you must be able to analyse complex data and information. It’s possible to apply for graduate training courses in underwriting if you already have a relevant degree. Alternatively, you can work your way up from junior positions.

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.


  1. Super interesting! I think if I were to go after one of these, I’d make the best mortgage advisor out of all of them. Funny, because aside from accountant, these aren’t career fields they traditionally let you know exist when they’re helping you decide what you want to be when you grow up.

    • A mortgage adviser would be interesting. There are certainly a number of paths someone interested in finance could take.

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