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Total Professions.com spotlight on Finance part 2….

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Finance part 2: Other roles

This and the February edition of Spotlight explore the routes to professional careers in the finance sector. This month we focus on roles other than accountancy, which was covered last month, such as financial planning, actuarial work and statistics. This area of work has had good input from professional bodies working to improve fair access.
This month, the Chartered Institute for Securities & Investment explains how it is encouraging young people to get into finance and understand the profession; the Royal Statistical Society gives some insight into what statisticians do day to day; and the Institute & Faculty of Actuaries outline a pathway to an actuarial career. We also outline our own job hunting resources.
Don’t forget to also check out our Accountancy & Finance and Actuarial & Statistics career sectors, which include information about jobs and salaries; routes and qualifications; as well as funding. We also give you an idea of what it’s really like working in these sectors and link through to our career videos and case studies for this sector.
Our careers bulletins (click here to see past issues) focus on a different sector each month, helping careers advisers and professional bodies to guide students in their pathway to a profession.

Get into finance

Last year the Chartered Institute for Securities & Investment (CISI) commissioned a YouGov survey of 827 teachers and 508 young people with the aim of finding out people’s perceptions of careers in financial services. The findings were disappointing; less than one in ten young people were interested in working in the sector! However the report also showed that:

  • Just 24% of young people had some understanding of what a career in financial services might look like;
  • Less than half of teachers discuss financial services careers with their students.

Therefore, young people are deciding against a potentially rewarding career in financial services without knowing what that might actually look like.

This is where the CISI comes in, along with careers advisers. Find out how in the full article.

So what do statisticians do?

Understanding and interpreting risk and probability is at the core of what statisticians do. Statisticians handle, interpret and understand data to gather evidence to answer real-world problems and inform decision-making. These are essential skills in the finance sector. Statisticians work in a variety of financial roles – with job titles from actuary to data scientist to risk manager, as well as statistician.

Statistics is a rewarding and often exciting career choice for people who enjoy working with numbers and people. On our website StatsLife, we have a careers section that provides all you need to know about what being a professional statistician in different sectors involves and how you can get started. This includes profiles of individuals working in different statistical roles, information on different types of jobs, and guidance on relevant courses for potential statisticians and qualifications available, for people at different career stages.

Find out how the Royal Statistical Society can support your students to get ahead in this profession by reading the full article.

The Certified Actuarial Analyst –
where can it take you?

With an ever changing landscape for actuarial professionals, it is important that as a professional body we are constantly evolving our offering to ensure that it is relevant to those considering an actuarial career.

Last year we developed a new professional qualification, the Certified Actuarial Analyst (CAA), based on actuarial techniques.. We recognise that there are many talented people who do not want to become actuaries but want to use their actuarial skills in the workplace, learn wider skills such as communication and professionalism, and mark their level of knowledge with a qualification that is recognised by employers around the world. The CAA therefore gives candidates the opportunity to develop skills that could improve their job prospects and future career.

Find out more about this pathway in the full article.

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