Home Skip Navigation LinksNews News Story

<< back to previous page

Employment prospects in financial advice on the rise

Published: Thursday, 02 February 2017   Category: All Graduate Jobs News

More than three quarters of financial advice firms are set to take on new staff over the next few years, according to a new Personal Finance Society (PFS) survey.

The professional body’s 2016 Member Survey reveals that 46% of firms are planning to take on extra staff over the next one to three years.

An extra 30% also revealed that they are uncertain currently, but will more than likely consider boosting their workforce over the same timeframe.

Under a quarter (24%) of the 1,600 respondents said that they had no plans in place to take on more staff in the short term.

A third (34%) also indicated that they were likely to offer a financial advice graduate scheme in the next three years, whilst 44% said that they were extremely likely to offer work placements and internships in the same time-frame.

Keith Richards, PFS chief executive, said: “The survey results reinforce the need to encourage and support new talent in the profession, which is vital to meeting succession planning requirements, and the needs of an increasing number of consumers who require professional financial advice.”

Graduate schemes easing the skills shortage

Despite plans to hire, ensuring those within the sector have the right level of skills has proved challenging and Mr Richards believes apprenticeships and graduate schemes are essential when it comes to easing the skills shortage.

The Department for Education recently approved a new specialist Financial Adviser apprenticeship standard, offering employers up to £9,600 in financial assistance to be used towards the development of financial advisers.

Two in five respondents (40%) said they were likely or very likely to offer technical apprenticeships in the next one to three years.

The sector’s rise in graduate recruitment is also reflected in the Graduate Market in 2017 report from High Fliers, which showed that the accounting and professional services sectors had the highest number of vacancies with 4,489.

For finance graduate jobs across a range of locations, visit Grad Plus today

news archives...

Email this page to a friend Facebook Twitter DZone It! Digg It! StumbleUpon Technorati Del.icio.us NewsVine Reddit Blinklist Add diigo bookmark