London is a city which is red-hot for any career but particularly within finance. Renowned for being one of the world’s financial capitals, it has a thriving employment market that offers a multitude of topnotch opportunities.
With more than a million people employed within financial services in the UK, it’s a sector that’s vital for GDP. The vast majority of this industry is situated within the capital, making it a financial and trading hotspot that can’t be ignored.
London’s location helps too, lying in the middle of other financial giants such as New York to the west and to the east, Asia. This allows it to occupy a central zone, the ideal strategic position for a global hub.
English is the international language of trade, another factor which plays into the hands of London. Backed by a strong and resilient legal industry with a stable political environment, the UK capital is the city that finance professionals flock to.
If you’re considering a move to London to take advantage of the myriad of career moves available, you might be wondering what’s available. Here’s a closer look at just a handful of the top finance options in the city.
Insurance
The city is one of the biggest insurance hubs around, and with companies such as Lloyds of London, the reputation of the capital is fearsome. An underwriter assesses and measures the amount of risk a particular applicant poses, allowing the right level of premium to be charged in return for cover.
Working closely with the actuaries, and using mathematical data to calculate probability, insurance underwriters perform a vital role.
Trading
The London Stock Exchange is one of the biggest and most prestigious stock markets in the world. If investing in stocks and shares isn’t for you, there are other trading options. There are many local spread betting guides to help you explore the possibility this type of financial trading offers. Understanding the unique dynamics of the London market will allow you to open up long and short positions with far more accuracy, returning greater levels of profit and revenue.
Trading and spread betting could lead to a lucrative career with an investment management firm. By investing wealth from clients, and adopting their preferred level of risk, you can help others to increase their assets significantly.
Accountancy
Working in accountancy could mean many things, from being in a small organisation and interpreting data to being responsible for the profit and loss of a large company. There are positions available for both experienced accountants and school leavers, so if this is a career you’re considering, London offers many chances to develop.
Qualified accountants are very sought after and can take their pick of employers. You might specialise in a particular type of accountancy such as corporate finance, or provide general accountancy services. The choice is yours. The key thing is a commitment to getting qualified and staying up to date with industry developments.
London offers opportunities for finance professionals, unlike anywhere else in the UK. With lots of businesses seeking staff, there are always vacancies for experienced and dedicated finance professionals in London, helping to maintain its reputation as one of the world’s top financial cities.
