Anyone made the change from public sector to financial services?

[jobhelpcomp]

I'm specifically in data compliance, so something that's needed in all sectors but its application impacted by the context.

Currently earning £70k as a G6 in the civil service, I'm interested in some senior roles (same sector) in financial services companies, but the job spec usually has a desirable criteria of direct experience within financial services, which is obviously very different to a public sector environment. They welcome applications from all but haven't had any success yet.

I'm just wondering has anyone managed to make the plunge without taking a big downward step in order to build experience within financial services? I don't mind downgrading some responsibility but wouldn't be keen to cut my pay (take home at least, can compromise on pension if it leads to a more lucrative career in the long run!)

Do you work in London? Any jobs at the Bank of England as a halfway house?

I'm technically based in London yes (so long as hybrid is an option!) good shout I hadn't thought of that. I never seem to see any for HMT (which is known for being wildly competitive) but yes I will look at BoE too.

I made the change the other way. There are lots of good advantages to working in the private sector, but in the public sector I have an amazing pension and a much, much easier life, for the money.

I made the change but went via a stint at the FSA (it’s now the FCA & the PRA - which feels part of BoE).

Working in financial services was a doddle compared to the civil service but for way more money!