More than 1.2 million people work in 34,000 workplaces in the UK’s financial services, which comprises: banking and finance; insurance; and auxiliary financial services. Sector information

The sector will need 53,000 to 65,000 new entrants annually in order to fill new roles and replace retiring staff. Sector information

Employment and output in the sector are concentrated in London and the South East. Regional and national dimension

The most important financial centers in the UK are the City of London (including Canary Wharf and the City Fringe), Edinburgh and Glasgow. Regional and national dimension

20% of the financial services workforce, are currently in administrative or secretarial roles and more than a quarter of the workforce are in managerial roles. Occupations

A university degree is increasingly becoming the minimum requirement for entry-level roles in much of the sector. Education and training

The workforce is evenly split between men and women; 8.4% is from a black or ethnic minority group; and 26% of all staff are over 45 years of age. Equal opportunities

Research on the section is focused on: workforce employment; offshoring and outsourcing; global markets; and future trends and drivers (such as technology and regulation). Research

This section was produced by Financial Services Skills Council, the Sector Skills Council for the financial services sector, and edited by the NGRF LMI Future Trends team.

Sector information

This contains an overview of the sector as a whole, details future trends in employment together with skill gaps and workforce development issues.

Data and charts

Links to the charts contained within this sector are listed.

Regional / national dimension

Information on regional trends and differences.

Occupations

Information and trends on sectoral occupations.

Equal opportunities

Key information on equal opportunity issues specific to the sector.

Education and training

Education and training information and issues including work-based learning, apprenticeships, vocational qualifications, and further and higher education courses.

Research

A list of recent research publications which is intended to be a starting for those wishing for more detail on the sector.

Discussion points

Thought-provoking and challenging questions to start discussions.

Sector summary: financial services

This summary gives a brief overview of the key trends in the sector.

Links and sources

This contains direct links to all the materials used to compile this sector. More in-depth and detailed information can be found in the source materials as only key points have been extracted. In addition, websites and further sources which may be of interest have been included.