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Average UK Salary for Banking and Financial Services Jobs

06 March 2019
Zara Woodcock
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A career in banking and financial field can be extremely challenging. You have the opportunity to earn higher wages than the average salary in the UK.

The UK’s banking and financial sectors are highly competitive and covers all things to do with money. Financial services vary from insurance to managing accounts whereas banking is focused on working in a bank and dealing with everything from deposits to loans to bill payments.

Thinking about pursuing a career in banking or finance? Here’s everything you need to know about relevant jobs – and the salaries you can expect.

What Is The Average UK Salary For Financial Administrators?

If you have specialised in a career in Financial Administration,  you will be expected to carry out organisational and administrative tasks for the teams and clients around you.

In the Banking & Financial Services sector, an Administrator can expect to receive £22,431 per year before tax, which equates to a take-home salary of £18,634 per year.

If you receive a wage, this will be £431 per week before tax, or £358 per week after tax.

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What Is The Average UK Salary For Insurance Brokers?

The average insurance broker in the UK can expect to earn around £26,000, which equates to £21,060.88 to take home.

Insurance brokers specialises in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interest of their clients.

If you receive a wage, you will receive £500 per week before tax and £405 per week after tax.

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What Is The Average UK Salary For Accountants?

When it comes to accounting, responsibilities include managing and reporting a business’s accounts. There are many accounting jobs in all sectors across the UK.

You can expect to earn an average salary of £56,000 per annum. After taxes, your take-home money will equal £40,500 per annum.

If you receive a wage, you will receive £1,077 per week before tax and £779 per week after tax.

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What Is The Average UK Salary For Investment Bankers?

Investment Bankers acts in a capital markets advisory capacity to governments and organisations. They help their clients raise their money in the capital markets whilst providing assisting with mergers and acquisition activities.

Before tax, you can expect to earn around £60,000 per year. However, you will receive £42,815.88 after tax

If you receive a wage, you will receive £1,154 per week before tax and £823 per week after tax.

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What Is The Average UK Salary For Financial Advisors?

Financial Advisors have the responsibility to suggest and render financial services to clients based on their financial situation. Most financial advisors have to complete specific training in order to become qualified.

If financial advising is your specialty, you can expect to earn £45,000 a year before tax. After tax, your take home money will be £33,980.88

If you receive a wage, you will receive £865 per week before tax and £653 per week after tax.

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What Is The Average UK Salary For Investment Banking Analysts?

There are many types of analysts in the banking and financial sector, including operations analysts and research analysts. Investment banking analysts focus on assessing a clients needs and helping develop and maintain the clients’ investments.

The average salary per annum is at £50,000, whereas after tax it falls at £37,015.88

If you receive a wage, you will receive £962 per week before tax and £712 per week after tax.

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What Is The Average UK Salary Of Stockbrokers?

Stockbrokers focus on the buying and selling of stocks for both retail and institutional clients through a stock exchange or over the counter in return for a fee.

As an experienced stock broker, you would expect to earn £70,000 per year. After tax, this equals £48,615.88 per annum.

If you receive a wage, you will receive £1,346 per week before tax and £935 per week after tax.

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More information on Banking and Financial jobs

Looking for more information on a career in this field? Check out our guide to banking and finance, which explains what it is like to work in the sector, as well as providing useful CV templates, a list of popular jobs, and more information on what employers are looking for.