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

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

The Banking and the Finance sectors are usually clubbed together as one similar sector. This is a common misconception. There are few notable differences in the two sectors, which are usually overlooked by the people. The major difference in the Banking and the Finance sector lies in the different types of opportunity in the related but diverse segments.

In major cities like London, the Banking Jobs usually tend to fall in the category of retail, private, and sometimes boutique banking sectors. These jobs relate to the transactional activities and other general banking duties. Banking duties comprise of front, middle and back office positions supporting the transaction process from sales and execution through clearing and settlement. An Investment Bankers' basic job is to provide services to an investment bank, which helps big corporate houses and independent entrepreneurs to raise funds in the capital market.

On the other hand, Finance Jobs cater to an entirely different segment. Finance Jobs include the general management of assets, money and other finances of any institution. Finance Jobs often comprise of micro and macro economic analysis and include tasks to manage funds and create and preserve wealth for the organisation. Despite the differences in the two sectors, job opportunities are available in plenty, if one has the right aptitude and the relevant experience.

The United Kingdom is considered a hub of major business activities around the world. A large number of business houses and enterprises are active in London and many more are looking for opportunities to establish and grow. Hence, London city and Docklands are seen as ideal places to look for Banking and Finance sector jobs, by prospective employees. The inclination of job seekers towards London is backed by several statistics. Popular Statistics reveal that 20% of the largest companies in Europe have their headquarters in London and around 25% of the major companies, the world over have their main European offices based London.

The London financial exchange market is said to be one of the largest in the world and is estimated to be over $500 billion. This makes its worth more than that of New York's and Tokyo's stock exchange combined. This has further fuelled the growing interest among enterprises to establish their business in London. Consequently, Jobs for finance and banking professionals gather in this financial hub. With the ever increasing demand for qualified and skilled professionals in the field, many Online recruitment agencies have been created to infuse quality talent in the lucrative banking and finance sector of London.

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