Financial institution managers and directors

£20,800 Average salary at age 20
£66,040 Average Salary
33 Average hours per week

Description

Financial institution managers and directors plan, organise, direct and co-ordinate the activities and resources of banks, building societies, insurance companies and post offices.

Main Tasks

  • Plans, organises, directs and co-ordinates the activities of financial institutions;
  • Verifies that accounting, recording and information storage and retrieval procedures are adhered to;
  • Authorises loans and mortgages in accordance with bank or building society policy;
  • Promotes financial services, establishes contact with the local business community and professional firms;
  • Preparing general reports and briefs on more complex cases for senior management;
  • Ensures compliance with the statutory regulatory framework.

Qualifications

Entry is possible with A levels/H grades, S/NVQ levels 4 and 5, a degree or equivalent qualification. Those with higher qualifications obtain accelerated training. Internal promotion to management is also possible. On-the-job training is provided. Professional qualifications are available and often mandatory.

What Financial institution managers and directors studied in higher education

A text alternative for this canvas pie chart is provided in the data table below
What Financial institution managers and directors studied in higher education
Occupation Percentage Value
(L4) Social policy1
(G3) Statistics1
(L7) Human & social geography2
(G1) Mathematics6
(W2) Design studies2
(L3) Sociology3
(C1) Biology1
(Q9) Others in linguistics, classics & related subjects1
(F1) Chemistry1
(C8) Psychology1
(H4) Aerospace engineering1
(W8) Imaginative writing2
(W6) Cinematics & photography1
(Q3) English studies4
(L2) Politics3
(K2) Building2
(N5) Marketing2
(M1) Law by area2
(B1) Anatomy, physiology & pathology2
(N6) Human resource management1
(V5) Philosophy1
(T1) Chinese studies1
(L1) Economics18
(N1) Business studies17
(X3) Academic studies in education1
(N4) Accounting3
(N2) Management studies13
(V1) History by period3
(N3) Finance5
(I1) Computer science1

UK Prospects

91800 Workforce Size
9.08% Predicted growth 2020 - 2027
28424 Predicted Replacement 2020 - 2027

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