Financial services

Industry Sector

Overview

Do you think working in financial services is all about knowing the ins and outs of banking? Think again.  

Scotland’s financial services industry offers a wide range of career opportunities. You could be working as an insurance claims handler, an accountant or financial advisor. There are also roles in supply chain management, marketing and ICT. 

Scotland is renowned for its strength in financial services and offers fantastic opportunities for people with all levels of experience and education. Whether you’re fresh out of school, a university graduate or considering a career change, you could find your dream job in finance. 

The industry now

  • 190,200 people currently work in the financial services industry in Scotland  
  • As of 2020, the median advertised salary for jobs in this industry was £35,100 
  • Financial services adds an estimated £9,634m to the overall Scottish economy 
  • There are around 28,865 businesses operating in construction currently 

 

*Information provided by Oxford Economics, Burning Glass Technologies, and Scottish Enterprise

The future

Due to the COVID-19 (Coronavirus) pandemic, the jobs market is constantly changing. All future figures are estimated:

  • ​​​​​​​​​​​​​The industry will need an estimated 13,000 jobs to be replaced or created between 2020 and 2023 
  • Replacement need for this sector is predicted to grow to 28,000 jobs between 2023 and 2030 
  • Digital skills will be in demand as changes in technology lead to new ways of interacting with customers and analysing the market 
  • Customer service roles will continue to be important, especially with the development of new technology like banking apps ​​​​​​​