1131SOC 2020 · 1 · 11 · 113Higher Skilled · Table 1

Financial managers and directors: UK Skilled Worker visa and SOC 1131

Higher Skilled

Rules checked against GOV.UK 6 November 2026 · Compiled by SWC Editorial Team

Can you get a UK Skilled Worker visa as a financial manager or director?

Yes. You can get a UK Skilled Worker visa as a financial manager or director (SOC 1131) if you meet the requirements below.

What you need

You must have:

  • a job offer from a UK employer that's allowed to sponsor visas (check the sponsor list)
  • a "certificate of sponsorship" from that employer: a reference number with details of your job
  • a salary of at least £75,100 a year
  • English at level B2: you can usually prove it with an approved test or a degree taught in English (ways to prove it)
  • £1,270 in savings, unless your employer covers your first month or you've been in the UK for 12 months or more

You can be paid less than £75,100 in some cases:

  • £52,600 a year if you’re a new entrant
  • £67,600 a year with a PhD relevant to the job
  • £60,100 a year with a science, technology, engineering or maths (STEM) PhD relevant to the job

You're a new entrant if, for example, you're under 26, recently finished studying in the UK, or are working towards a professional qualification. Check who counts as a new entrant.

How much it costs

Visa fee, applying from outside the UK£819 for up to 3 years
£1,618 for more than 3 years
Visa fee, applying from inside the UK£943 for up to 3 years
£1,865 for more than 3 years
Healthcare surchargeusually £1,035 a year
Savings to show (if needed)£1,270

For example, a 3-year visa from outside the UK costs £819 plus £3,105 for the healthcare surcharge: £3,924 in total. Your partner and children pay too if they come with you. Full fees.

How long it takes

  • You'll usually get a decision within 3 weeks if you apply from outside the UK.
  • It's usually 8 weeks if you apply from inside the UK.
  • Your visa can last up to 5 years. You can extend it.
  • After 5 years you may be able to apply to settle in the UK.

How to apply

  1. Get a job offer from a licensed sponsor and ask for this job's occupation code (1131).
  2. Get your certificate of sponsorship reference number from your employer.
  3. Prove your English and get your documents ready (documents list).
  4. Apply online on GOV.UK: apply from outside the UK. You'll pay the fee and the healthcare surcharge.
  5. Prove your identity, using the ID Check app or at a visa application centre.

Things to check

  • Do make sure the job description matches the work you'll actually do. The occupation code must fit the job.
  • Do check your employer is on the licensed sponsor list.
  • Don't apply before you have a certificate of sponsorship. You need a confirmed job offer first.
  • Don't count overtime, bonuses or allowances. Only guaranteed basic pay counts towards the salary.
  • Don't change job or employer without updating your visa.

Based on the UK Immigration Rules and the Skilled Worker visa guide on GOV.UK. This is a summary, not advice about your own situation.

The rules in detail

SOC 2020 code 1131 (Financial managers and directors) is Higher Skilled (RQF level 6 or above) and is listed in Table 1 of Appendix Skilled OccupationsT1 · 29 Oct 26 with a going rate of £75,100 a year (£38.51 an hour). Under points option A the salary must also be at least £41,700 a year.

Source: Appendix Skilled Occupations and eligible occupations and codes, GOV.UK.
Key facts for SOC 1131
OccupationFinancial managers and directors
Skilled Worker eligibilityHigher Skilled
Going rate£75,100 a year (£38.51 an hour)T1
Appendix table(s)Table 1, Table 2
Immigration Salary ListNo
Temporary Shortage ListNo
Eligible for PhD pointsYes
Equivalent SOC 2010 code(s)1131, 1150
SOC 2020 group11 Corporate managers and directors › 113 Functional managers and directors

Going rates for 1131 in Appendix Skilled Occupations

A code can appear in more than one table. Each table applies to different applicants. Rates are per year for a 37.5-hour week and must be pro-rated for other hours.

Table and who it applies toGoing rate90%80%70%
Table 1The main table for Skilled Worker applications. Going rates are based on median earnings (ASHE). £75,100
£38.51/hr
£67,600
£34.67/hr
£60,100
£30.82/hr
£52,600
£26.97/hr
Table 2Rates based on 25th-percentile earnings. Used for Health and Care ASHE salary jobs, and for people granted Skilled Worker permission before 4 April 2024 who have held it continuously and apply before 4 April 2030. Also the rates for Global Business Mobility and Scale-up. £49,700
£25.49/hr
£44,700
£22.92/hr
£39,700
£20.36/hr
£34,800
£17.85/hr

Salary thresholds that apply to 1131

Under Appendix Skilled Worker, the salary must equal or exceed both the general threshold and the going-rate figure for the points option used. This table puts the two figures side by side for each option. It does not say which option applies to any person. See salary thresholds for the conditions on each option.

Options A–E (going rates from Table 1)
OptionConditionGeneral thresholdGoing-rate figureHigher of the two
AStandard £41,700£75,100 (100%) £75,100
BThe applicant has a PhD in a subject relevant to the job £37,500£67,600 (90%) £67,600
CThe applicant has a PhD in a STEM subject relevant to the job £33,400£60,100 (80%) £60,100
DThe applicant is being sponsored for a job on the Immigration Salary List (this code is not on the list) £33,400Not applicable –
EThe applicant is a new entrant at the start of their career £33,400£52,600 (70%) £52,600
Options F–J (going rates from Table 2)
OptionConditionGeneral thresholdGoing-rate figureHigher of the two
FStandard £31,300£49,700 (100%) £49,700
GThe applicant has a PhD in a subject relevant to the job £28,200£44,700 (90%) £44,700
HThe applicant has a PhD in a STEM subject relevant to the job £25,000£39,700 (80%) £39,700
IThe applicant is being sponsored for a job on the Immigration Salary List (this code is not on the list) £25,000Not applicable –
JThe applicant is a new entrant at the start of their career £25,000£34,800 (70%) £34,800

Job titles under SOC 1131

GOV.UK lists these related job titles:

  • Bank, building society and post office managers
  • Company secretaries and finance managers and directors
  • Investment bankers and directors
  • Financial managers and directors not elsewhere classified
More job titles from the ONS SOC 2020 index (5)
  • Bank Manager
  • Finance Director
  • Insurance Manager
  • Investment banker
  • Treasury manager

What the job involves

Financial managers and directors plan, organise, direct and co-ordinate the financial information of companies, the activities and resources of financial institutions, such as banks and insurance companies, and advise on company financial policy.

Typical tasks

  • Participates in the formulation of strategic and long-term business plans, assesses the implications for the organisation financial mechanisms and oversees their implementation
  • Plans external and internal audit programmes, arranges for the collection and analysis of accounting, budgetary and related information, and manages the company’s financial systems
  • Determines staffing levels appropriate for accounting activities
  • Assesses and advises on factors affecting business performance
  • Plans, organises, directs and co-ordinates the activities of financial institutions
  • Ensures compliance with accounting, recording and information storage, retrieval procedures and the statutory regulatory framework

Typical entry routes and qualifications

Entry is most common with a relevant degree or equivalent qualification, although it is possible with A levels/H grades, S/NVQ levels 4 and 5. Those with higher qualifications may obtain accelerated training. Internal promotion to management is possible and on-the-job training is provided. Professional qualifications are available and are required or mandatory for certain posts.

Description: ONS SOC 2020 Volume 1.

Questions about SOC 1131

Can you get a UK Skilled Worker visa as a financial manager or director?

Yes. You can get a UK Skilled Worker visa as a financial manager or director (SOC 1131) if you meet the requirements: a job offer from a licensed sponsor, a certificate of sponsorship, the minimum salary, and English at level B2. SOC 2020 code 1131 (Financial managers and directors) is Higher Skilled (RQF level 6 or above) and is listed in Table 1 of Appendix Skilled Occupations with a going rate of £75,100 a year (£38.51 an hour). Under points option A the salary must also be at least £41,700 a year.

What is SOC code 1131?

1131 is the SOC 2020 code for Financial managers and directors. Financial managers and directors plan, organise, direct and co-ordinate the financial information of companies, the activities and resources of financial institutions, such as banks and insurance companies, and advise on company financial policy.

What is the going rate for SOC code 1131?

Table 1 of Appendix Skilled Occupations gives a going rate of £75,100 a year (£38.51 an hour) for 1131, based on a 37.5-hour week. It must be pro-rated for other working hours.

What job titles use SOC code 1131?

GOV.UK lists: Bank, building society and post office managers, Company secretaries and finance managers and directors, Investment bankers and directors, Financial managers and directors not elsewhere classified.

Sources

Compiled by SWC Editorial Team from the sources above. An information summary, not immigration advice. Report an error on this page.