FSA Graduate Scheme in the UK - Interview Tips and How To Get Hired

FSA Graduate Scheme Key Information

Headquarters

25 The North Colonnade, Canary Wharf, London, E14 5HS

Sector

Government

Size

3,800 employees, split between the London office and a second in Edinburgh.

Grad Salary

From £29,000, with a £2,500 joining bonus.

Pros and Cons

Pros

Strong training and development focus.

Interesting and challenging working environment.

Opportunities to move around departments.

Cons

Too much bureaucracy can prevent projects moving forward at times.

FSA Graduate Scheme Overview

All of the FSA’s graduate intake will be based at their Canary Wharf headquarters for the duration of their training.  This is an excellent opportunity for candidates to immediately get first-hand experience of what the organisation does and their wider role in the UK’s financial services industry.

Although it’s termed training, the reality is that following an induction you’re assigned a department and sent straight to work.  Candidates can rotate around departments during their training period relative to their long term career aspirations.

Towards the end of training, candidates are placed to an external secondment appointment, with the aim to further broaden their knowledge of financial services as a whole.

FSA Graduate Scheme Interview Tips

Big brother is watching you. You need to be aware of everything you do during your assessment day. The FSA use an external recruitment agency which employs psychologists to film and analyse every aspect of the recruitment process.

Stand up for what you believe. While a lot of questions from the interview team will be ambiguous and open, there will be no small amount of challenge coming back at you. Acknowledge others’ points while sticking calmly to your beliefs.

FSA Overview

The Financial Services Authority are solely responsible for the governance and regulation of the financial services industry throughout the United Kingdom. Although owned by the UK Government, the organisation is set up as a company limited by guarantee, with the board appointed directly by the Treasury.

The FSA have, particularly during the global financial crisis, developed wide reaching strategies and mechanisms to facilitate the evolution of the financial services industry as a whole.

In 2013, the FSA will be split into two separate bodies, meaning graduates joining now will have the opportunity to play a key role in the immediate future of the financial services industry.

FSA Locations

The FSA have two offices in the United Kingdom. In addition to their main headquarters is London, they also have an office complex in Edinburgh.

FSA Future Salaries

The FSA are passionately committed to delivering excellent training programmes throughout the employee life cycle, so progression through the company is always open to high performing individuals.

Example salaries working in the FSA include;

- Associate £31,000 - £60,000
- Senior Associate £42,000 - £72,000
- Technical Risk Specialist £96,000 - £106,000