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Career spotlight

Financial institution managers and directors

Average National Salaries (2017)

Age 20

£14,040 pile of coins

Age 35

£66,040 pile of coins

Age 50

£83,200 pile of coins
Average salary in the East Midlands: £46,280

What does this career do?

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

Typical 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.

Current entry requirements

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.

Percentage in work

  • Employed

  • Unemployed

Male
(2018)
Female
(2017)

Due to insufficient sample sizes, some data was excised.

Predicted employment status in 2022

  • Part-time

  • Self Employed

  • Full-time

Predicted employment levels in the East Midlands

Career related courses available at West Notts

About the statistics

Data is powered by LMI for All and is sourced from labour market statistics from the Office for National Statistics (ONS), the Institute for Employment Research, the Department for Works and Pensions, and the UK Commission for Employment and Skills.

Next steps

To ask us a question about this career or find out about our courses or apprenticeship opportunities please use the below form or give us a call.

Call our enquiries line free on

0808 100 3626

For more information on careers please visit our

Information, advice and guidance website

Why choose West Notts?

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98.8% A Level pass rate in 2019

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Best A Level provider in Mansfield and Ashfield for student progress*

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One of the top colleges in the UK for student satisfaction**

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An extensive bus service across Mansfield and the surrounding area

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£50m investment in our facilities since 2008

*Value added is a measure of a student’s progress against their starting point
**Learner Exit Survey 2017/18
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