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Alternative careers: financial services

 

A typical employer will be looking for someone with:

Good analytical skills; A good team worker; Strong communication skills (a lot of the work is client-facing and a fair amount of business is likely to be about creating new clients); entrepreneurial experience; and a fair knowledge of finance, markets and banking (one young doctor managed to bluff his way through by taking a month off to read the Financial Times and the Economist extensively, build up a small store of business stories and prepare himself to talk about a business he admired and an entrepreneur he admired - but it is probably safer if you have a genuine and long standing interest in finance).  Just as in medicine, there are niches for different personality types from the quick thinking, outgoing  sales and trading side to the more quantitative, mathematical aspects of wealth management, researching and advising on investment portfolios.

 

Is medical experience relevant?

This could be relevant for instance for research into pharmaceutical companies or mergers and acquisitions within the pharmaceutical industry.

Otherwise, it is a case of showing how the skills and experience you have gained in your medical training and career and in your life outside medicine are transferable and relevant. That probably means researching your potential employer, so you can show how you would fit in.

 

Points to consider

Salaries are likely to be competitive and performance related (eg with bonuses depending on well you are doing, your team is doing and the organisation is doing).  You will probably start, as in medicine, in training posts which give you exposure to different aspects of the business. For instance, at Morgan Stanley you would probably start as a Cross Divisional Analyst, with on the job training and rotation between different parts of the business.   Financial service organisations often operate globally and there may be opportunities to travel/work abroad.


How to apply

Many financial service companies will advertise current vacancies on their websites.

The following websites provide useful corporate profiles and job vacancies for financial service organisations more generally:

www.efinancialcareers.co.uk
http://www.insidecareers.co.uk/
www.sii.org/careers

You will also find information on graduate careers more generally on: Target Jobs - Graduate Careers and Recruitment

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