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Finance could be the ideal career path for you if you have strong communication and numeracy skills, a methodical approach to work, and an interest in business.

There are many different routes into the industry, from school leaver programmes and Modern Apprenticeships to graduate and postgraduate training programmes.

Scotland is the UK’s second largest international financial hub after London, and one of the leading financial centres in Europe. In 2022, there were 63,900 people working in the financial services sector in Scotland.

What areas can I work in?

The financial services industry is divided into five main sub sectors: banking, asset management, general insurance, life and pensions, and intermediation. 

The industry includes a wide range of different careers and areas of work including: sales, customer service, IT, financial advice, management, administration and business support.

To see the routes to getting into each of these sectors, take a look at our Career Pathway.

What kind of companies can I work for?

Financial services workers operate in many different industries and organisations, from local government to chemical engineering plants.

Types of companies directly relating to the finance industry include:

What’s the job market like?

Glasgow and Edinburgh are the two most important financial centres. Edinburgh, East and Midlothian has large banking, pensions and investment management sectors, employing around 26,500 people. Glasgow region has particular strengths in insurance and accountancy, employing around 21,000 people.

The latest figures show there are around 41,000 people employed in Scotland’s banking sector (about 9.6% of the UK total) and around 21,000 people are employed in Scotland in the insurance and long-term savings sector (about 7% of the UK total).

The financial services workforce is expected to grow by 1.1% between 2022 and 2025, taking the total employment to 64,600. However, the longer term forecast, up to 2032, shows a possible workforce decline of 1.2%.

Facts and figures

Want to find out more?

Depending on the area of finance you want to go into, you can find useful information on education, qualifications and careers on the following websites: ICAS; Chartered Banker; the Chartered Institute of Public Finance and Accountancy; and the Chartered Insurance Institute.



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Career Pathway

Finance Career Pathway
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