The banking sector composes a major portion of the UK economy and is governed by the FSA. British banks are responsible for providing 44 million people, along with most of the nation's businesses, with homes and facilities; there are more than 2.6 billion withdrawals from over 29,000 ATMs each year; and the London Stock Exchange is arguably the most important financial hub in the world.
Positions in the banking sector range from the extremely fast-paced and cutthroat to the meticulous and mundane. You are well advised to keep up to date by subscribing to some of the more popular banking magazines. Common professions involve stock broking, private banking, retail banking, and venture capital. Many jobs also concentrate on loans and mortgages in the housing sector. Those drawn to careers in banking tend to be particularly suited for numerical and analytical work, but some jobs require strong customer service and communication skills more than mathematical aptitude.
The vast majority of employment opportunities are found in London, where average salaries are nearly double those in other parts of the UK. The lowest earners make £15K annually (a little lower than the annual average secretarial salary), while the top 10% make £80K and above. The overall average salary in the UK is in the range of £35-40K. Most banking staff do not need formal degrees to work in the field, but advanced training and certifications will certainly improve prospects for upward mobility. The largest employers are HSBC, Barclays, RBS, and Lloyds of London.