£23,400
Average salary at age 20
£47,840
Average Salary
35
Average hours per week
Description
Job holders in this unit group advise customers, who may be individuals, companies or specialist groups, on the purchase of investments, insurance, mortgages, pensions and other financial services and products.Main Tasks
- Predicts the likely long- and short-term future performance of securities and other financial products and advises upon what will be an appropriate investment for their clients;
- Analyses the financial position of clients, taking into account outgoings, dependants and commitments;
- Advises on the relative merits of pension schemes, insurance policies and mortgages that best meet the needs of clients given their personal circumstances;
- Monitors information on the socio-economic environment and interprets the implications of such information for their clients;
- Prepares summary reports of findings for fund managers;
- Keeps up to date with financial products, legislation and requirements for compliance with the relevant regulatory authority;
- Identifies and attracts new clients by arranging visits and explaining the benefits of financial products.
Qualifications
There are no formal academic requirements although entrants usually possess GCSEs/S grades and a degree in a relevant subject is sometimes required. Training may be undertaken in-house or entrants may attend courses run by professional institutions. Registration with a regulatory authority is required in some positions.What Finance and investment analysts and advisers studied in higher education
| Occupation | Percentage Value |
|---|---|
| (G3) Statistics | 1 |
| (L7) Human & social geography | 1 |
| (G1) Mathematics | 8 |
| (L3) Sociology | 1 |
| (C1) Biology | 1 |
| (H3) Mechanical engineering | 1 |
| (F1) Chemistry | 1 |
| (C8) Psychology | 2 |
| (V3) History by topic | 1 |
| (F8) Physical geographical sciences | 1 |
| (Q3) English studies | 1 |
| (L2) Politics | 3 |
| (R1) French studies | 1 |
| (N5) Marketing | 1 |
| (M1) Law by area | 2 |
| (M2) Law by topic | 2 |
| (N8) Hospitality, leisure, sport, tourism & transport | 1 |
| (V5) Philosophy | 1 |
| (F3) Physics | 2 |
| (L1) Economics | 18 |
| (N1) Business studies | 10 |
| (N4) Accounting | 8 |
| (C6) Sport & exercise science | 1 |
| (N2) Management studies | 6 |
| (V1) History by period | 2 |
| (N3) Finance | 14 |
| (I1) Computer science | 1 |
UK Prospects
290300
Workforce Size
2.85%
Predicted growth 2024 - 2027
22482
Predicted Replacement 2024 - 2027
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