Careers Service Occupations

Banking & Finance

Banking and Finance


Graduates working in banking and finance may work long hours in a pressurised environment, but they can expect to earn one of the highest graduate starting salaries.

The most generous salaries in 2019 are those on offer from the investment banks. According to the High Fliers report, the average starting salary is £47,000.  

Careers advice

The following websites give advice about careers in banking and finance:

Prospects offer an overview of the UK finance sector

Industry news

Sources of banking and investment news include the Financial Times and the FT Adviser

Other websites and publications include Bloomberg.comThe EconomistReutersThe Banker and The Motley Fool.

Professional bodies

They represent people working in the sector, providing training and networking opportunities. They often provide careers support for students and graduates and development for people already in the sector. 

Follow these associations on LinkedIn or visit their websites for news, contacts, work experience and vacancies.

The main professional associations for this sector include:



Financial advice

Regulatory bodies

The Prudential Regulation Authority supervises UK banks, building societies, credit unions, insurers and investment firms. The Financial Conduct Authority regulates the financial services industry in the UK, including financial advisers.

Making contacts

Making contacts is key for success in this sector, as explained in How to network your way to an investment banking job (TARGETjobs). 

You can gain insight into roles and arrange work experience through networking and speculative applications. You could start by researching Newcastle alumni on LinkedIn – find out what they did after graduation and contact them for advice and inspiration.

Social media, particularly LinkedIn and Twitter, is useful for making contacts, following employers and finding opportunities. Find out more about how to use social media for your career.


Recruitment fairs, open days, talks and events give insights and opportunities to make contacts. Regular events organised by the Careers Service include Employer & Sector Insights and Recruitment Events.

Many big employers and professional bodies run events, eg J.P.MorganGoldman SachsMorgan Stanley and Citi.

You can find more help with finding and researching employers on the Finding Jobs tab.

Related sectors

You may also be interested in the following sectors:

Or see our Explore Occupations pages for more options.

Roles and Skills

The following job profiles include descriptions of typical duties, entry requirements and case studies.

Skills employers look for

  • an understanding of and interest in financial markets and the banking industry
  • strong numerical and analytical skills
  • excellent relationship building and communication skills
  • confidence in making decisions and having significant responsibility
  • the ability to cope with pressure and high levels of stress

Commodity broker

Corporate investment banker

Financial adviser

Financial trader

Investment analyst

Investment fund manager

Operational investment banker

Retail banker


Gaining Experience

Finding a job in banking and investment is extremely competitive.

The majority of successful applicants to investment banking graduate schemes have completed a relevant internship. They often do this with the same company.

Most large financial firms advertise summer internships early in the first semester. They are usually aimed at undergraduate students in and above their second year of study. 

Applications open early around August, with closing dates usually between October and January. Investment banking internships open as early as July and close between October and November. 

Smaller employers in insurance, investment or financial advisory firms may not always advertise work experience. You may need to contact them with a speculative approach.

Several recruiters are now offering ‘insight days’ to first year undergraduates. These tend to be for one to five days during Easter and/or Christmas holidays. They are a good way to find out more about a company and get the edge for internship applications.

TARGETjobs offers further advice on internships in banking and investment.

Advertised opportunities

See Internships, placements and shadowing for additional sources of vacancies.

Insight programmes

In the North East

Santander Work Shadowing Scheme

This is a two-week unpaid work shadowing programme for Newcastle University students. It is based within the Santander branch on campus. 

Placements are available to start all year round, including vacations. Places on the programme are limited.

To apply, email your CV and covering letter, explaining why you are interested in the scheme. Tell them about your availability between 10am and 6pm, Monday to Friday (and any weeks you will be unavailable). 

Applications should go to Robert Davidson, Santander Universities at Newcastle University.

Voluntary opportunities

Oxfam Finance Office in Newcastle offers voluntary work to students through Go Volunteer in the Students’ Union. See Volunteering for more opportunities.

Speculative approach

Speculative applications are when you contact employers directly, ie not in response to an advertised vacancy.

Most large financial companies and institutions such as banks will advertise opportunities on thier own website. 

Smaller or independent organisations, such as investment/asset management firms may not have formal internship schemes. They could be approached on a more direct basis. Always check for a careers section on employer websites and follow their instructions.

It is helpful to:

  • find organisations on My Career - click on ‘search organisations’ under the Vacancies tab
  • search for companies using the employer directories under the Finding Jobs tab
  • research employers, using company profiles, lists of business directories and databases
  • use social media to find and connect with employers, particularly through LinkedIn

Other ways to gain experience 

You can also gain experience by:

  • looking out for employer events - see About for details
  • entering competitions, which are useful for developing skills and connecting with employers. 
  • becoming active in student societies, eg acting as treasurer
  • thinking about part-time work. Finding a part-time job in finance or banking is less likely; however, working in other sectors can help you to develop relevant skills.

Finding Jobs

Competition is strong, especially for entry-level positions. Use these resources to find advertised vacancies and also research employers for speculative applications.

Search for vacancies on MyCareer - graduate vacancies in the North East, UK and overseas. Log in to sign up for personalised email alerts.

Occupational profiles (Prospects) link to employers and vacancy sources for specific jobs.

Vacancy sites

Find jobs and additional vacancy source websites outside the UK on GoinGlobal.

If you want to work for a smaller investment bank or investment firm, being on LinkedIn can help. Recruitment agencies sometimes use LinkedIn to search for graduates interested in working in this sector.

Specialist recruitment agencies

There are many recruitment agencies specialising in city-based roles. They are often looking for candidates with at least three to six months' experience. Examples include:

Agency Central: Graduate Recruitment Agencies Directory lists specialist recruitment agencies by sector. For more resources, see recruitment agencies.

Finding companies

General lists of sector employers are on websites such as Top Employers and Times Top 100 Graduate Employers.

Advice on applying for jobs in this sector

Use the following resources for advice on:


Taking part in competitions is a fantastic way to enhance your CV.

It can raise your profile with employers and help you gain valuable skills while having fun. You could also win a cash prize, an internship or even a chance to travel abroad. 

There are lots of national and international competitions open to students.  

eFinancialCareers list seven competitions that will help get you a job in banking and finance.  Deadlines are throughout the year, so check each competition they list for up-to-date information.

See Awards & Competitions for details of other external competitions