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.
WHAT TO STUDY
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.
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
The Student Room
How to become an accountant
Job Description Example for Red Bull Racing
ACCOUNTANCY BODIES AND ORGANISATIONS: