You need to enable JavaScript in order to use the AI chatbot tool powered by ChatBot

CISI: Attitudes to financial services must change

Cliodhna Lynch our consultant managing the role

A new report from the Chartered Institute for Securities and Investments (CISI) has suggested that attitudes to the financial services sector will need to be refreshed if firms are to attract the talent they need over the coming years.

CISI's study revealed that, especially among young people and students, the sector's stock is relatively low at the moment despite the possibilities of high remuneration it has always offered talented candidates.

The survey - carried out by YouGov - found a great deal of confusion over what a role in the sector would actually entail on a day-to-day basis.

Some 53 per cent of youngsters felt such a career would be 'boring', while 50 per cent expected it to be full of numbers. Only 24 per cent were confident they knew what kind of jobs the sector offered, with less than ten per cent keen to find a financial services role.

Technology, engineering, policing and healthcare were all identified as popular careers among the young respondents.

Simon Cuhane, Chartered FCSI and CISI chief executive, said poor numeracy skills are creating a "vicious circle" that puts potential applicants off financial services roles.

"This, in turn, seems to be contributing to a low level prejudice against financial services as a career amongst young people's key influencers, teachers and parents," he added.

More needs to be done to raise awareness of the diversity of roles available within the industry, suggested the chief executive.

"With some of the highest UK graduate salaries being available in the investment banking sector, we should not undersell to our young people the fact that financial services offers excellent opportunities for a good, exciting and rewarding career," concluded Mr Cuhane.

Given the importance of bringing in fresh talent to the sector over the coming years, particularly with concerns over a potential graduate skills gap beginning to arise, this is an issue firms need to be aware of.

While this shouldn't pose a problem when recruiting mid-career candidates, perhaps more could be done to connect with young graduates looking for a first or second job.

11/04/16
jobs

Related jobs

Management Accountant

Salary:

£60,000 - £70,000 per annum

Location:

Basingstoke, Hampshire

Industry

Real Estate

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

Management Accountant 60k - 70k Basingstoke

Reference

BBBH183397

Expiry Date

01/01/01

Ollie  Pizzey

Author

Ollie Pizzey
Find out more
Interim Management Accountant

Salary:

£225 - £250 per day

Location:

Bradford, West Yorkshire

Industry

Business Services

Qualification

Finalist / Newly qualified

Market

Financial Services

Salary

£250 - £350

Job Discipline

Newly Qualified Finance

Contract Type:

Contract

Description

Interim Management Accountant - Immediate Start (£225 - £250 per day)

Reference

BBBH183400

Expiry Date

01/01/01

Haroon Hussain Find out more
Accounts Assistant

Salary:

£30,000 - £38,000 per annum

Location:

Wetherby, West Yorkshire

Industry

Business Services

Qualification

None specified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

Accounts Assistant role in Wetherby

Reference

BBBH183399

Expiry Date

01/01/01

Cameron  Walsh

Author

Cameron Walsh
Find out more
Business Improvement Analyst

Salary:

£60,000 - £80,000 per annum

Location:

Bracknell Forest, Berkshire

Industry

Professional Services

Qualification

None specified

Market

Financial Services

Salary

£80,000 - £100,000

Job Discipline

Business Analysis

Contract Type:

Permanent

Description

As a Business Process Improvement Analyst, you play a critical role in enhancing the efficiency and effectiveness of the organisation's process.

Reference

BBBH183398

Expiry Date

01/01/01

Andrew Barnes

Author

Andrew Barnes
Find out more
Finance Assistant ( On-Site )

Salary:

£32,000 - £35,000 per annum + 12% bonus

Location:

Wokingham, Berkshire

Industry

Manufacturing

Qualification

Part qualified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Finance Change

Contract Type:

Permanent

Description

Finance Assistant, Wokingham, £32,000 - £35,000

Reference

BBBH183276

Expiry Date

01/01/01

Milly   Murray

Author

Milly Murray
Find out more
Technical Product Owner

Salary:

£60,000 - £70,000 per annum

Location:

City of London, London

Industry

Consumer & Retail

Qualification

None specified

Market

Commerce & Industry

Salary

£70,000 - £80,000

Job Discipline

Product

Contract Type:

Permanent

Description

Technical Product Owner

Reference

BBBH183171

Expiry Date

01/01/01

Alex Simmons

Author

Alex Simmons
Find out more
Interim Assistant Accountant

Salary:

£28,000 - £33,000 per annum

Location:

Leeds, West Yorkshire

Industry

Professional Services

Qualification

None specified

Market

Commerce & Industry

Salary

£30,000 - £35,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Marks Sattin are currently recruiting an interim Accounts Assistant/Assistant Accountant on behalf of a very well established SME service provider, based in North Leeds.

Reference

BBBH183395

Expiry Date

01/01/01

Yasmin Clough

Author

Yasmin Clough
Find out more
Head Of Operations Finance

Salary:

£70,000 - £90,000 per annum

Location:

Slough, Berkshire

Industry

Consumer & Retail

Qualification

Fully qualified

Market

Commerce & Industry

Salary

£80,000 - £100,000

Job Discipline

Qualified Finance

Contract Type:

Permanent

Description

We are working with an exciting client within the Consumer space who need someone to come in and support with leading financial planning and analysis in the FP&A and Supply Chain Finance team.

Reference

BBBH183396

Expiry Date

01/01/01

Ollie  Pizzey

Author

Ollie Pizzey
Find out more
Finance Assistant - London

Salary:

£32,000 - £35,000 per annum

Location:

London

Industry

Consumer & Retail

Qualification

Part qualified

Market

Commerce & Industry

Salary

£35,000 - £40,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Contract

Description

Seeking a Finance Assistant for a part-time position available on a 6-month contract within a consumer retail business based in Central London.

Reference

BBBH183394

Expiry Date

01/01/01

Jamie Smith

Author

Jamie Smith
Jamie Smith

Author

Jamie Smith
Find out more
View all jobs