This sector provides services to clients (business to business or business to customers). It’s the largest sector outside of London, with over 343,000 people working in the region. It spans for example, accountancy, architecture, banking, consultancy, human resources, law, marketing, market research, recruitment, sales, IT and IT support. It is home to one of three FinTech Hubs recognised by the Government. FinTech is the use of technology and computer systems to assist banking and financial services. There is currently (and expected to be) a huge demand for the wide-scale implementation of FinTech in the professional industries.
Skills and opportunities
Critical Thinking, Public-Speaking, Analytics. Opportunities include Lawyer, Doctor, Accountant, Management Consultant, Software Engineer, Marketing Manager, Data Analyst.
Plans in the West Midlands
The industry is expected to implement AI, machine learning and cyber security with the West Midlands serving as a test bed for business innovation to embed new applications.
West Midlands Hotspots
Headquarters of HSBC and Goldman Sachs in Birmingham, The Centre for Women’s Enterprise, Leadership, Economy and Diversity in Birmingham, the Centre for Transformational Entrepreneurship in Coventry.