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Graduate Job Seekers: The Benefits of Working in the Finance Profession

Written by: Evie Courtier
Published on: 1 Sep 2023


The financial recruitment landscape across the past three years has been shaped by a challenging combination of health, economic and geopolitical volatility, with job seekers living through a malleable job market, transcending from a candidate-driven, to an employer-led market. It’s certainly a challenging time for graduate job seekers, with the accelerating transformations continuing to shape the demand for jobs and skills of tomorrow. So, what benefits does 2023 present for those looking to commence a career in the finance profession?

The demand for skills:

As noted within The World Economic Forum, when their ‘Future of Jobs Report’ was first published in 2016, surveyed companies predicted that 35% of workers’ skills would be disrupted in the following five years.

In 2023, that share rose to 44%. This year, the adoption of frontier technologies (leading transformation in 86% of companies) has driven the evolution of workplace skills across the full spectrum of skills, knowledge, and abilities, as workers adapt to automation and AI. With analytical thinking considered to be the core skill for candidates in 2023, and the demand for adaptability to generative AI playing a key part in the development of entry-level roles, employers are seeking graduates with open-minded attitudes, and the technical ability to work with new technologies.

With a natural analytical know-how, finance and accounting graduates can relish in the knowledge that the skills gained from their degree will aid not only their ability to conduct entry-level finance jobs, yet also see them through the technological changes of the years to come.

The demand for jobs:

In the past months, entry-level roles on GAAPweb have risen by just over a third month-on-month, and year-on-year retrospectively, with graduate roles witnessing a significant 107% month-on-month increase. As financial markets evolve and technological and digitalisation tools advance, the demand for finance graduates ameliorates with the trend. As noted in the latest High Fliers report, last year saw graduate recruitment increase considerably. In a notable achievement, one of the ‘Big Four’ accounting & professional services firms hired more than 2,300 new graduates in 2022 – the most ever recruited by a single employer in the UK.

The latest recruitment targets for the country’s leading employers demonstrated that the number of graduate jobs available in 2023 was expected to increase by a further 6.3%. As affirmed in the GAAPweb 2023 salary survey, 2023 saw a rise in graduate roles, with 60% of our audience receiving a pay rise - a 66% uplift from 2021. A myriad of entry-level roles saw a pay rise and bonus supplement, with just shy of half our Assistant Accounts receiving a salary increase, alongside Finance Assistants and Finance Analysts.

The demand of industry:

For graduate job seekers, it’s worth keeping an eye on industry trends. A new leader, the Pharmaceutical industry surpassed Fintech for first position in regards to salary earning potential, with candidates earning an average salary of £92,206 per annum. Retaining its authority as a prominent sector, Fintech closely follows with an average salary of £91,905. This was followed by Technology (average £88,649) and IT/Telecommunications - the greatest upswing in pay of 2023, with an impressive 27% uplift on 2022 figures - the median salary now stands at £80,727.


Feeling enticed to join the profession? Apply for your first entry-level role on GAAPweb today.

For further aid, discover our blog with the latest graduate advice, including CV and interview tips: ‘How to Write the Perfect Graduate Accounting and Finance CV