What are the top 10 most in demand financial services jobs in 2023?

The UK’s financial services sector is growing with 25,000 more roles recorded in 2022 than the previous year. Changing economic markets, burgeoning new technologies and expanding regulatory requirements are all contributing to the growing demand for financial services professionals. As the global economy continues to grow and evolve, so do the career options for those interested in the field. With the right education and experience, the possibilities for financial services careers are endless.

10 financial services careers for you in 2023

If you’re a job seeker looking for a financial services role in 2023, here are the top 10 options to consider:

 1. Financial Analyst

Financial analysts are responsible for researching and analysing financial data to help businesses make informed decisions. They must be able to interpret and present information in a clear and concise manner.

 National average salary

Entry level financial analyst roles start between £25,000-£30,000 depending on your qualifications. Experienced financial analysts can expect to make between £38,000-£50,000 with the national average salary £42,000.

 2. Investment Banker

Investment bankers are responsible for helping companies raise capital and manage investments. They must have an in-depth understanding of financial markets and be able to develop financial strategies to maximize profits.

 National average salary

Salaries for junior investment bankers with one of the big-name banking corporations start at around £30,000 to £40,000 although positions in London can be higher. With a few years’ experience you can be looking at a salary range of £50,000-£70,000.

 3. Financial Planner/Advisor

Financial planners are responsible for developing financial plans for individuals and businesses. They must be knowledgeable about tax laws, investment strategies, and estate planning. Financial advisors can specialise in certain products and providers or remain independent.

National average salary

Trainee financial advisors can earn between £22,000-£30,000 depending on location and experience. Qualified financial planners can expect to earn anywhere from £35,000-£100,000 depending on their expertise and client range.

 4. Accountant

Accountants are responsible for preparing financial statements and managing accounts. They must have a strong understanding of accounting principles and be able to analyse financial data. They can work as freelancers taking on multiple clients, for small firms or in large accountancy teams in big businesses.

National average salary

Salary ranges can vary hugely for accountants based on location, experience, and the business they work for. The average account salary in the UK is between £35,000-£50,000. With accreditation, chartered accountants can earn in the region of £40,000-£80,000.

 5. Credit Analyst

Credit analysts are responsible for evaluating loan applications and determining the creditworthiness of applicants. They must be able to analyse financial documents and make decisions based on their findings.

National average salary

Junior credit analyst roles starts at around £30,000 with salaries rising to £65,000 for the most experienced. In London these ranges can be higher. 

 6. Risk Manager

Risk managers are responsible for managing the risk associated with financial transactions. They must be able to identify potential risks and develop strategies to mitigate them.

National average salary

Risk management is not an entry level role. Risk technicians can expect to start in the field at £20,000-£25,000. With experience risk management salaries average between £30,000-£40,000 and senior managers can expect to earn £45,000-£80,000.

 7. Insurance Agent

Insurance agents are responsible for providing advice and selling insurance policies to individuals and businesses. They must be knowledgeable about the different types of insurance and be able to explain the benefits of each policy.

National average salary

The average UK salary for an insurance agent is between £20,000-£30,000 rising to £40,000-£60,000 depending on location and experience.

8. Compliance Manager

Compliance managers ensure that a business abides by and acts in accordance with any government regulations and national standards including health and safety, legal and quality standards and guidelines. They also ensure all employees are fully trained and qualified.

National average salary

Junior compliance roles can range in salaries from £20,000-£35,000. At senior and management level compliance officers and managers can expect to earn between £40,000-£60,000 depending on location and experience.

9. Internal Auditor

Internal auditors provide independent evaluations of a company’s finances, risk management and compliance processes to ensure they are meeting their obligations and operating within the law. Unlike external auditors, internal auditors consider factors such as ED&I, and Environmental, Social and Governance processes. Auditors also offer advice to business on how they can improve.

National average salary

Demand in the banking sector for internal audit professionals has pushed up salaries in the field. Internal auditors outside of London can expect to earn between £45,000-£55,000. In London salaries can be as high as £70,000.

 10. Financial Controller

Financial controllers of Finance Directors are senior level positions responsible for managing the financial accounts of companies. They must be able to interpret financial data and develop strategies to maximize profits.

National average salary

Financial controller salaries can range from £40,000-£80,000 and is extremely dependant on company size, location and experience. Finance directors and controllers in large companies based in London might expect to earn up to £150,000 plus bonuses.

These are just some of the financial services jobs you can consider in 2023. With the right education and experience, you can find a job that allows you to make a real impact in the financial services industry.

If you want a more detailed look at the latest salary information in the UK financial services and insurance sectors download the Davies 2022/23 Salary Guide now. This essential guide draws on insight from our experiences as an employer of over 5,000 financial services professionals and from our specialist resourcing division to give you the best, most up-to-date look at the sector.

Find your perfect financial services role with Davies Resourcing

If you’re ready to start your job search today, speak to one of our dedicated consultants. We help you identify the right job opportunities and provide guidance on how to make your financial services career dreams a reality.