Finance Salaries
The average Finance salary is £35,415. Working in Finance you can earn between £20,000 and £74,900.
Quick Links
- Finance Overview
- Core responsibilities in Finance
- Core Finance skills
- What to expect from a career in Finance
A career in finance can provide work in many different industries and sectors of business. Finance and banking jobs make up most of the financial sector and employ many people across the UK. The financial services industry has a high demand for skilled people, so if you are looking for a career with excellent career development, finance is an ideal route.
There are many choices regarding roles within the finance business ranging from entry-level to graduate finance jobs, so you will be able to find a job that suits you.
The average finance salary depends on the job role, your responsibilities, and qualifications. A finance manager with experience can expect a salary of £52,700. In comparison, roles within large financial organisations or specialised finance jobs can attract significantly higher salaries.
In junior finance roles, such as a finance assistant, you can expect around £22,400. Alternatively, you can choose a specialist role, such as a finance business analyst job, which would give you a salary of £45,000.
Core responsibilities in Finance
Typically working within a bank or for a financial institution, roles vary from corporate finance to personal financial advisors. You will work with individuals and businesses to help them manage their money. You may work in financial sales selling financial products, or working in finance management.
Jobs in finance may be office-based, or you could be on the road visiting clients. You can work with small private financial companies or large corporations with multiple locations worldwide.
Core Finance skills
You will need a good head for numbers and excellent analytical skills. Excellent attention to detail is essential as you will be working with complex data and according to strict guidelines and regulations.
Finance professionals have excellent organisation skills, and many tasks will have strict deadlines. Good communication skills will be useful too, as you will work with people across many seniority levels.
If you are looking for a fast-paced career, then a job in finance is for you.
What to expect from a career in Finance
Careers can start at a junior finance level, and as you gain experience and further financial qualifications, you can move into senior roles. Graduate finance jobs are available across many industries, and you can work for some of the most well known financial brands in the world.
Many finance jobs will be based within an organisation, such as a bank or broker, but finance jobs are available across many businesses. Your work can see you collaborating with individuals, business owners, and other finance professionals.
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Finance Salaries by Region
Compare Finance salaries across different regions
| Region | Salary |
|---|---|
| East Midlands | £31,029.29 |
| Eastern | £34,746.59 |
| London | £52,743.59 |
| North East | £27,895.66 |
| North West | £31,137.88 |
| Northern Ireland | £28,316.47 |
| Scotland | £33,244.32 |
| South East | £35,519.89 |
| South West | £31,247.65 |
| Wales | £28,767.88 |
| West Midlands | £33,624.70 |
| Yorkshire and the Humber | £30,136.66 |
Top Paying Locations for Finance Jobs in the UK
The average salary for Finance professionals in the United Kingdom is significantly influenced by location. The general region and area will affect your base salary in Finance jobs. However, you are not alone if relocating is not something you want to consider, and it doesn't mean that you can't make a higher income.
For example, you could choose to work for a Finance business that is city-based. While London leads the way, working for employers located in cities such as Birmingham, Manchester, Edinburgh, Reading, Leeds, and Cardiff will help you earn higher wages per year, compared to companies situated in smaller villages and towns.
Finance Professional Development
The answer to 'how much do Finance professionals earn?' can only be answered by considering where along the career path the individual and job title sit. The total year's experience in the Finance sector will change what the employer is prepared to offer. An entry-level Finance salary will be the lowest, followed by fully qualified workers, senior-level staff, and management.
While you can expect a starting salary for Finance workers to be at the bottom of the pay scale, graduates with a relevant qualification have a higher worth, commanding a better starting salary. UK training opportunities are plentiful, so even if attaining a university degree is out of the question, increasing your skills through workshops and online courses will help you raise the money you can earn a year in your chosen role.
How much are Finance professionals paid? Our data and graphs give you guidance on the wage range and earning per annum for junior, intermediate, and senior roles.
Finance Work Experience
Gaining Finance pre-entry work experience can be crucial in helping you secure employment and a decent rate per hour. Work placements, internships, apprenticeships, shadowing, and vacation work can all help you gain the experience you need. If you cannot find work experience in the Finance industry, you might be able to show potential employers that you have acquired transferable skills elsewhere.
Finance Working Hours
As with all business sectors, the working hours in Finance will affect what you earned during the month. Small, medium, and larger firms may pay a higher overtime rate or offer more money if you work unsociable hours, such as evenings, nights, weekends, and national holidays.
Salaries of part-time, full-time, permanent, temporary, and contract staff all differ and will affect your decision on whether you are earning fair compensation.
Finance Salary Negotiations
Before you enter salary negotiations with employers, hiring managers, or the head of HR, it pays to get prepared. Compare the salaries for the Finance sector on this page to help determine what you are worth. You can perform a salary search for different job titles and locations.
It is worth remembering that you can profit from more than just financial benefits and performance-related commission. Is a high salary in the UK worth more than the freedom to work from home, have more paid holiday, a gym membership, or have private healthcare benefits?
Finance Job Search
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