If you are considering a pcp car finance agreement, you may be wondering how much it costs. There are several ways you can purchase a pcp agreement, including purchasing a new car through a pcp agreement, taking out a revolving pcp agreement, and part-exchanging your current car for a new one. Read on to find out more! Cost of pcp car finance If you are looking for cheap car finance, PCP may be ...
While finance jobs in the UK are incredibly competitive, there are several factors that make them so. The average number of applicants is 34 and the number of days the advert is open is 24. Recruiters attribute this to the high number of qualified people who are currently available in the market, and the pickiness of banks. Lucy Matthews, a recruiter at Janikin Rooke, says:
Almost 3 in 10 hiring managers face competition for high-calibre qualified finance professionals
According to a recent report by Robert Walters, 60% of hiring managers say they have to be creative when trying to recruit high-calibre finance professionals. This is due to the shortage of qualified candidates in this sector. In order to meet the growing demand, businesses are turning to new recruitment strategies, including engaging with recruitment agencies and posting vacancies on online job boards. They are also exploring new ways to recruit outside of the UK.
As baby boomers age out of the workforce, the need for experienced, highly trained professionals is increasing. There will be a need for more specialised skills and technology to meet the demands of future companies. At BP, for example, many senior engineers are known as “machine whisperers” because they know how to keep expensive and temperamental equipment working. Despite this, competition for high-calibre finance professionals is likely to grow even more in the coming years.
Entry-level payroll salaries are around PS26,000
The average annual pay for entry-level finance jobs is $112,139, according to the National Association of Colleges and Employers (NACE). Depending on the industry, salaries can go even higher. A starting payroll in accounting can range from $54,800 to $64,500. The highest starting salary for accounting majors was $59,000, according to the NACE’s Summer 2021 Salary Survey.
Dedicated graduate schemes offer a clear pathway into the industry
Graduate jobs in the finance industry are plentiful and are often available in local banks. Graduate placements often result in permanent roles after graduating and are beneficial in developing a broad range of skills. Many schemes also offer the opportunity to complete further professional qualifications while working on the job. Graduates are able to channel their knowledge and skills with further qualifications. Dedicated graduate schemes provide a clear pathway into the finance industry.
These schemes are highly competitive and require a lengthy application process. Graduates must submit an online application form along with their CV and a cover letter. If their application is successful, they may be invited to take an online numeracy test. After passing this, they will usually be invited to their first interview or assessment centre. Some schemes also require a job offer after completing the scheme. In order to secure a job on a graduate scheme, you need to be able to meet the company’s criteria.
Increasing demand for data analytics and cyber security
As a financial analyst, you will likely have a background in cybersecurity and data analytics. While your salary will depend on your level of experience, an MS in these fields will likely boost your pay by $15,000 or more per year. Cybersecurity is an area of financial services that combines processes and methods for protecting computer systems and data from cyberattacks. Cybersecurity professionals aim to protect organizational assets from unauthorized access to sensitive information, restore lost information, and monitor a company’s network for signs of cyberattacks. Employee benefits may include company pension schemes, gym memberships, and sponsored training opportunities.
The demand for these professionals is booming. According to the BLS, job openings in this field are expected to grow by 31 percent by 2025. This is significantly faster than the average growth rate of all industries. The demand for security specialists is expected to rise at least three times faster than the rate of the overall employment market in the UK. Further, the BLS predicts that there will be 1.5 million cybersecurity jobs in India by 2025.