FINANCE

If you’re thinking of working in the Finance department of a Formula 1 team, there are a few things to consider, and you need to make sure that a career in F1 Finance matches your interests and skills.  Hopefully the following information will help you when it comes to deciding on the right career path for you. Disclaimer – the information below is not intended to be a replacement for professional careers advice.

• Somebody working in the finance department will typically be drawn to the subject of maths and maybe IT too, and have a general passion for these areas.
• You are likely to have an interest in problem solving.
• You are likely to have good organisational skills, have superb attention to detail and thrive on working to the highest standard.
• You thrive on pressure and don’t mind working long hours.
• You are also competitive, and want to be the best you can be.
• You are trustworthy and dependable.  A team player, but can also work equally well on your own.

There are a variety of roles available within the Aerodynamics department of a Formula 1 team.  These might include:

• Financial  Planning and Analysis Manager This type of role will typically involve business forecasting, and creating strategies for future improvement.
• Financial Accountant This is typically a varied role across the finance department, and may involve things like tax matters, reporting, and internal/external audits.

Typically to work in Finance for a Formula 1 team, you will have a keen interest and a natural talent for maths and probably also IT.  Listed below are some study paths you could consider.  However please make sure you also speak with your school/college/University careers advisor who will be able to provide help and support to you during this important time.

GCSE’s:

Maths
English
IT
Economics
Further Maths
Languages

A Levels:

Maths
English (Language/Literature)
Business Studies
Law
Further Maths
Economics
Languages

If you intend to go to University, please check with the admissions department of your preferred University to ensure that the A Level subjects you choose are acceptable for the course you wish to take, before you choose which A Levels you’d like to do. 

Further information on choosing the right A Levels for your future aspirations can be found here: https://www.russellgroup.ac.uk/for-students/school-and-college-in-the-uk/subject-choices-at-school-and-college/

There are many different types of UK University courses on offer if you are interested in a future career in Finance.  

University Courses to consider (in no particular order):

University of Bath – Accounting and Finance
Loughborough University – Accounting and Financial Management
University of Leeds –  Accounting  and Finance
University of Strathclyde – Accounting
University of Buckingham –  Accounting and Finance
University of Manchester – Accounting and Finance

Universities and Colleges Admissions Service
https://www.ucas.com/

The Student Room
https://www.thestudentroom.co.uk

How to become an accountant
https://www.ucas.com/ucas/after-gcses/find-career-ideas/explore-jobs/job-profile/accountant

Job Description Example for Red Bull Racing
https://redbullracing.redbull.com/article/financial-accountant

• Careers in Finance
• Reach the Top in Finance: The Ambitious Accountants Guide to Career Success