Financial institution managers and directors plan, organise, direct and co-ordinate the activities and resources of banks, building societies, insurance companies and post offices.

Tasks

  • Examines quality of merchandise and ensures that effective use is made of advertising and display facilities.
  • Authorises payment for supplies received and decides on vending price, discount rates and credit terms.
  • Oversees the maintenance of financial and other records and controls security arrangements for the premises.
  • Ensures customer complaints and queries regarding sales and service are appropriately handled.
  • Ensures that adequate reserves of merchandise are held and that stock keeping is carried out efficiently.
  • Liaises with other staff to provide information about merchandise, special promotions etc. to customers.
  • Appoints staff, assigns tasks and monitors and reviews staff performance.

Typical Education Level

Level 2 NVQ; GCSE at grades A*-C

Will retirement created job openings

In the UK, 18% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers

*This is based on national data

£48,329 Average wage

Average annual earnings

The current average wage for financial institution manager or director is £48,329

9,764 positions

Current Employment

The number of jobs in the career for the current year is 9,764. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.

jobs

Job Postings

Over the past year, jobs have been posted for financial institution manager or director roles.

How well does it pay?

Normal pay for this occupation is £48,329 per year. That is about £4,027 per month or £24.78 per hour. New workers generally start on £17,912, while highly experienced workers can earn as much as £64,699

Is it growing or declining?

This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 9,764 people are employed in the region.

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