{"id":6088596,"date":"2022-09-09T08:50:54","date_gmt":"2022-09-09T07:50:54","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6088596"},"modified":"2023-09-13T11:13:25","modified_gmt":"2023-09-13T10:13:25","slug":"birmingham-manchester-finance","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/birmingham-manchester-finance\/","title":{"rendered":"Birmingham, Manchester and Leeds offer top finance job prospects"},"content":{"rendered":"

For those who don\u2019t want to join the London rat race, the opportunities for finance careers in England\u2019s regional cities can offer a more appealing proposition.<\/strong><\/p>\n

The finance sector has historically been dominated by the capital city, with the preconception that graduates must move to London after university to pursue their careers. Yet as more major companies continue to \u2018north-shore\u2019, enhanced employment prospects are increasing the appeal of the regions.<\/span><\/p>\n

New research by UK trading company CMC Markets<\/a> has revealed the top banker-friendly locations outside London<\/a>, with both towns and cities across the UK enticing growing numbers of professionals in the finance sector.\u00a0<\/span><\/p>\n

It is a trend that will undoubtedly have a knock-on effect for additional growth and regeneration in these locations as the level of affluence increases, and indeed has already begun to have an impact in many cities.\u00a0<\/span><\/p>\n

From a property investment<\/a> perspective, an increase in finance enterprises and employees is only going to have a positive influence on the housing markets in these areas.<\/span><\/p>\n

Banking on Birmingham<\/h4>\n

When taking the whole of the UK into account, the top location for opportunities in finance jobs is Edinburgh, according to CMC Markets. The Scottish city currently boasts 310 financial institutions, among a population of 527,620.<\/span><\/p>\n

Honing in on England, the West Midlands city of Birmingham<\/a> came out top for those looking to progress their careers in banking. With the second largest population in the country of 1.1 million, the city has 265 finance companies.\u00a0<\/span><\/p>\n

At present, the firms are mid-sized, with none employing more than 250 people. But there are some big names based there, including HSBC and Deutsche Bank.<\/span><\/p>\n

Interestingly, the nearby Solihull<\/a> area, which is currently attracting swathes of investment thanks to the upcoming arrival of HS2, also receives a mention in the report due to the number of companies there that are classed as medium (up to 249 employees) or large (over 250 workers), in comparison with the population of the area.<\/span><\/p>\n

North for finance<\/h4>\n

Next on the list for financial institutions and career opportunities is Manchester<\/a>, a city already well-known for offering a bustling, exciting and varied lifestyle alternative to the capital – not to mention better value for money.<\/span><\/p>\n

It has the same number of banking firms as Birmingham at 265, serving a much smaller population of 552,000. Graduates and professionals are attracted to the city centre thanks to major regeneration<\/a> and new housing developments, including the rise of build-to-rent in particular attracting more affluent individuals.<\/span><\/p>\n

Just outside Manchester, neighbouring Trafford also appears in CMC\u2019s top 10 list at number nine. The area has a population of 235,100, but a relatively high number of financial institutions at 130.\u00a0<\/span><\/p>\n

The Manchester commuter town of Stockport<\/a>, which is becoming a popular investment hub in its own right, also receives an honourable mention in the report due to the number of medium and large financial institutions based there.\u00a0<\/span><\/p>\n

Another beacon of the north that takes fourth position on the list is the Yorkshire city of Leeds<\/a>. Across its population of 812,000, the city has an impressive 240 finance companies, making it a hugely popular destination for job-hunters.<\/span><\/p>\n

An alternative lifestyle<\/h4>\n

Michael Hewson, chief market analyst at CMC Markets commented on the findings: \u201cWe were pleased to find out that these finance-friendly places are not necessarily the most populous cities in the UK. <\/span><\/p>\n

“London is extremely competitive and the lifestyle is not everyone\u2019s cup of tea, so it is refreshing to know where the best places to pursue a career in finance are that are way off the beaten path.<\/span><\/p>\n

\u201cTake Elmbridge and the district of Windsor and Maidenhead, for instance. They are both home to a significantly larger proportion of high earners, creating a striking demand for financial services, compared to other places in the UK. <\/span><\/p>\n

“Their proximity to London makes them ideal for financial advisors looking to offer a more curated yet competitive approach.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

For those who don\u2019t want to join the London rat race, the opportunities for finance careers in England\u2019s regional cities can offer a more appealing proposition. The finance sector has historically been dominated by the capital city, with the preconception that graduates must move to London after university to pursue their careers. Yet as more… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6088599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[197,4,40,349],"tags":[541,198,407],"class_list":["post-6088596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-birmingham","category-investment","category-leeds","category-manchester","tag-finance","tag-financial-markets","tag-young-professionals"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6088596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6088596"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6088596\/revisions"}],"predecessor-version":[{"id":6095742,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6088596\/revisions\/6095742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6088599"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6088596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6088596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6088596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}