Career Overlap Transition record
RecordMove

Pensions administrator to securities broker

A pensions administrator already meets 32% of what the securities broker role asks for. The move turns on 13 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional
From pensions administrator
32 % overlap
Distant match
To securities broker
10 You already bring
13 Still to learn
34 Skills in the target role2
Learning distance Substantial retraining

65.6/ 100

1 How much of what a securities broker is expected to do is already part of a pensions administrator’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the securities broker role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A securities broker role treats 7 of its required skills as things a pensions administrator already does. You would walk in with these on day one.

  • actuarial science
  • analyse financial risk
  • apply technical communication skills
  • handle financial transactions
  • maintain records of financial transactions
  • obtain financial information

What stands in the way is 13 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 10 skills that carry over, these are the ones fewest other occupations ask for. A securities broker role needs them, and most people applying for one will not have them already. This is the part of a pensions administrator background worth leading with.

Skill the target role also needs Area
  • already held provide financial product information communication, collaboration and creativity
  • already held provide support in financial calculation information skills
  • already held maintain records of financial transactions information skills
  • already held trace financial transactions information skills
  • already held protect client interests communication, collaboration and creativity
  • already held actuarial science natural sciences, mathematics and statistics

All 10 carried skills, including the 7 the securities broker role treats as required.

Table 3

Table 3 · What you may need to learn

The 24 missing skills fall into 7 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.

Skill to pick up Tier
01 business, administration and law 5 required, 4 supplementary
  • still to learn financial jurisdiction required
  • still to learn financial markets required
  • still to learn financial products required
  • still to learn securities required
  • still to learn stock market required
  • optional, not held accounting optional
  • optional, not held banking activities optional
  • optional, not held modern portfolio theory optional
  • optional, not held tax legislation optional
02 communication, collaboration and creativity 3 required, 3 supplementary
  • still to learn advise on financial matters required
  • still to learn review investment portfolios required
  • still to learn trade securities required
  • optional, not held build business relationships optional
  • optional, not held communicate with banking professionals optional
  • optional, not held communicate with customers optional
03 information skills 3 required, 1 supplementary
  • still to learn analyse market financial trends required
  • still to learn assess risks of clients' assets required
  • still to learn forecast economic trends required
  • optional, not held perform stock valuation optional
04 management skills 1 required, 1 supplementary
  • still to learn create a financial plan required
  • optional, not held operate financial instruments optional
05 social sciences, journalism and information 1 required
  • still to learn economics required
06 engineering, manufacturing and construction 1 supplementary
  • optional, not held electronic communication optional

1 further area in the appendix

Table 4

Table 4 · Where to start

The 3 entries a securities broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 10 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held analyse financial risk skill
  • already held apply technical communication skills skill
  • already held handle financial transactions skill
  • already held maintain records of financial transactions skill
  • already held obtain financial information skill
  • already held protect client interests skill
  • already held provide financial product information skill
  • already held provide support in financial calculation skill
  • already held trace financial transactions skill
The 1 learning area not shown above
Skill to pick up Tier
07 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held statistics optional
11 supplementary skills, helpful but not required
Skill to pick up Tier
  • optional, not held accounting optional
  • optional, not held banking activities optional
  • optional, not held build business relationships optional
  • optional, not held communicate with banking professionals optional
  • optional, not held communicate with customers optional
  • optional, not held electronic communication optional
  • optional, not held modern portfolio theory optional
  • optional, not held operate financial instruments optional
  • optional, not held perform stock valuation optional
  • optional, not held statistics optional
  • optional, not held tax legislation optional
18 held skills the securities broker role does not ask for
Skill Type
  • not needed by the target role advise on social security benefits skill
  • not needed by the target role calculate employee benefits skill
  • not needed by the target role communicate with beneficiaries skill
  • not needed by the target role comply with legal regulations skill
  • not needed by the target role corporate social responsibility knowledge
  • not needed by the target role develop pension schemes skill
  • not needed by the target role ensure information transparency skill
  • not needed by the target role government social security programmes knowledge
  • not needed by the target role handle financial disputes skill
  • not needed by the target role investigate social security applications skill
  • not needed by the target role legal research knowledge
  • not needed by the target role manage financial risk skill
  • not needed by the target role manage pension funds skill
  • not needed by the target role promote social security programmes skill
  • not needed by the target role social security law knowledge
  • not needed by the target role synthesise financial information skill
  • not needed by the target role types of pensions knowledge
  • not needed by the target role use IT tools skill
12 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to pick up Tier
  • still to learn economics required
  • still to learn financial jurisdiction required
  • still to learn financial markets required
  • still to learn financial products required
  • still to learn securities required
  • still to learn stock market required
  • optional, not held accounting optional
  • optional, not held banking activities optional
  • optional, not held electronic communication optional
  • optional, not held modern portfolio theory optional
  • optional, not held statistics optional
  • optional, not held tax legislation optional
Index

Other moves recorded from pensions administrator

Full index of moves from pensions administrator

FAQ

Common questions about this move

Can a pensions administrator become a securities broker?

Yes, and it is a substantial move. A pensions administrator already covers 32% of what a securities broker is expected to do: 10 skills carry over, 7 of which the securities broker role treats as required.

What skills does a pensions administrator need to become a securities broker?

13 required skills are missing, plus 11 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is advise on financial matters.

How hard is the move from pensions administrator to securities broker?

Its learning distance is 65.6 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.