Career spotlight
Financial institution managers and directors
Average National Salaries (2020)
Age 20
£14,040
Age 35
£65,520
Age 50
£82,680
Average salary in the East Midlands: £39,520
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
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.