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A Comparison of Banking & Finance Jobs With a Look at the London Job Market

There are some fairly major differences between the banking and finance sectors, most notably the different types of opportunities available in these related but separate areas.

Banking jobs in major cities like London tend to fall in the retail, private and sometimes boutique banking sectors. These roles comprise of dealing with transactional activities and other general banking duties. Banking positions span, front, middle and back office positions supporting the entire trade process from sales and execution through clearing and settlement. An investment banker would most typically work for an investment bank who will help corporations and businesses to raise funds in capital markets.

When it comes to finance jobs, the positions tend to involve management of assets, money and other finances. Finance Jobs often comprise of micro and macro economic analysis and include tasks and duties to manage funds and preserve and create wealth for the organisation. But putting the differences aside, job opportunities in both the finance sector and the banking sector are frequently available if you have the right skills and experience.

Here in the UK the biggest place to get a banking or finance job is London. With areas such as London city and Docklands, London is the best place to look for banking jobs in the UK. It is seen as the banking hub of the world and the largest business centre in Europe, so residents in the UK have some great opportunities available to them.

Figures shows that over 20% of the largest companies in Europe have their headquarters in London and around 25% of the largest companies in the world have their main European offices based there. The London financial exchange market is said to be worth over $ 500 billion which is more than New York’s and Tokyo’s combined. This has also led to there being thousands of financial and banking jobs in the city.

With a need for so many finance professionals, specialist recruitment companies like Martin Ward Anderson have been created to provide the best candidates for these finance and banking jobs in not only London, but the rest of the UK and abroad.

This article was written by Tom Sangers on behalf of Martin Ward Anderson who offer Banking Recruitment for Banking Jobs London.

A Look at the Future of Finance Jobs

With Britain’s struggling economy, people often wonder what type of jobs to look for. Are there any specific industries that are thriving? Not necessarily. In the past, when people went to school or graduated, it was always a good idea to pursue a job in finance. It was a stable industry. Now, who knows? However, when you think about it, a job in finance is not a bad idea. 

It may seem a little ironic to pursue a finance job when the country is in a recession. However, everyday people use money. Countless transactions happen throughout the country involving money. Whether the economy is good, bad, or so-so, we will need money. This means, we will need the help of those who work in the finance industry.

The first thing to remember is that if finance is for you, do not let the economic crisis hold you back. The recession is not permanent. Economies are cyclical and things will turn around sooner rather than later. It may not be tomorrow, but it won’t be 20 years from now. 

Also, when the government needs to step in to help out anyone who is struggling due to the economic crisis, the people in finance are the first people that they turn to. Without the help of finance professionals, the government would have no clue what to do. The same principal holds true with companies. When they are struggling to survive, they rely most on those with expertise to help them weather the storm. Your finance experience might be just what a company needs during this rough time.

When times are difficult financial experts and accountants are relied upon for advice. If you can succeed in your efforts, it will help you that much more when things are going well. Because it is such a turbulent time, imagine the difference you could make! 

If you are currently in school and considering dropping out of finance because of the economy, don’t! You are needed. Finance is like water. Although times are tough, we rely on it to get better. Get your education so that you can be of value to those employers who need you when you graduate.

And, if you are in finance and are considering switching careers, remember that every industry is struggling. It is the nature of the economy. Within time, things will turn around, so stick it out. You will be glad you did.

This article was written by Tom Sangers on behalf of Martin Ward Anderson who offer International Recruitment Services for Finance Manager Jobs and other Finance positions.

3 features to look for while selecting banking software companies

In the present technological era, the demanding customer accepts nothing short of unparalleled services and support from establishments that compete for good market space. Banking field is no different, where institutions are taking measures to cater to the demands of customers by bringing out novel solutions. Banking software is one of the developing trends that help financial institutions to provide quick services, and banks look for the best banking software companies to build ideal tool that makes things easy for customers as well as financial institutions. There are three different features that need to be considered by a bank that wants to pick the best company.

Expertise

In the first place, the prime feature that is used to identify the best software company is the expertise of a company, which helps the company build robust software solutions. Such software solutions take several forms, as one can come by core banking software, as one can even come by servicing banking software. In essence, software of different nature is being built by the banking software companies to provide solutions to specific needs of such institutions.

The bank that wants software to be built for a specific purpose should pick a company that comes with expertise to build software for the specific niche. An establishment may be good in building core banking software, or may be a reputed company that is known for building investment management software. In simple terms, the financial institution should know if a company possesses expertise to build specific software aimed to provide solutions to specific niches.

Workforce

Another feature that sets an experienced player apart from the ordinary ones is the strength of the workforce unveiled by the reputed player. A company that has earned acclaims for building high quality software takes pride in its workforce, as experienced professionals script the success of such establishments. The banking company that builds ideal software solutions unveils software professionals who are experts in this field, and who come with enough experience and exposure to build software that provides solutions to the varied needs of clients.

Portfolio

Before identifying the best company that has the potentials to provide ideal solutions, banks should look into the portfolio of an establishment to decide upon the effectiveness of a company. While the portfolio unveils software developed for major banks, and software that provides good solutions, it reflects the expertise and experience of a company to build ideal solutions.
 
Before picking the best one from a whole lot of banking software companies, an establishment has to consider three important features to make the right decision.

Bank-companion.com provides mobile banking services which enables banks, community banks and credit unions to provide their customers with 24/7, anytime anywhere banking. The result is a secure and scalable platform that helps your organization to increase loyalty, acquire new customers, cross-sell products plus much more.