1. Understand the pensions landscape  

Before diving into the pensions industry, it’s essential to understand its structure and components. The sector involves various types of pension schemes, including defined benefit (DB) and defined contribution (DC) plans. Familiarise yourself with the regulatory environment, industry players, and current trends. PMI offers a range of  training programmes designed to provide you with foundational knowledge and insights into the industry’s workings. 

2. Invest in relevant qualifications 

Professional qualifications are critical for establishing credibility and expertise in the pensions field. PMI offers 5 pathways, which consist of qualifications and accreditations that will allow you to acquire all the knowledge and skills you need to become a professional in the pensions career you prefer, whether that’s trusteeship, Pensions Administration or within the Pensions Advisory services. 

3. Join a professional network 

Membership in a professional organisation is a valuable step in your career journey. PMI’s student membership provides access to a network of industry professionals, exclusive resources, and networking opportunities. Engaging with PMI’s community will connect you with mentors, peers, and industry leaders, offering insights and guidance that can be crucial for your career development. 

4. Pursue continuous learning 

The pensions industry is dynamic, with ongoing changes in regulations, technology, and best practices. Staying up-to-date is vital for career growth. PMI’s training programmes , articles, and Pensions Aspects magazine, are designed to help you keep pace with industry developments. From online exams to conferences, continuous learning will ensure you remain knowledgeable and competitive in the field. 

5. Gain practical experience 

Practical experience is indispensable in any career. Seek internships, entry-level positions, or volunteer opportunities in the pensions sector to apply theoretical knowledge and develop essential skills. You can check our career page here.  

6. Find a mentor 

Having a mentor can significantly impact your career trajectory. A mentor provides guidance, shares industry insights, and helps you navigate challenges. Once you become a member of the PMI, you can take part in the  mentoring and development programme connects you with experienced professionals who can offer personalised advice, support, and valuable career insights. Engaging with a mentor through PMI can accelerate your professional growth and help you achieve your career goals. 

Conclusion 

Starting a career in the pensions industry is about more than just acquiring knowledge, it's about shaping futures, including your own. By earning the right qualifications, gaining hands-on experience, and developing essential hard and soft skills, you’ll unlock exciting opportunities in this impactful field. At PMI, we’re passionate about empowering change through education. Whether you're just beginning or looking to advance, we offer tailored Pathways to help you achieve your career aspirations in the world of pensions.