Top 5 Occupations
|Occupation||This Industry||All Industries|
|Financial Investment Advisers and Managers||41,000||50,300|
|Credit and Loan Officers||24,000||27,500|
|Insurance, Money Market and Statistical Clerks||23,700||29,400|
More than one in four Financial and Insurance Services employees travel to work by train
Financial and Insurance Services employs 420,700 people. New South Wales has the largest share of this workforce (42%) and jobs are concentrated in capital cities. Employment growth was subdued over the past five years.
Workers in this industry are generally highly qualified. Almost all jobs are for Professionals, Clerical and Administrative Workers and Managers. A small share of this workforce is aged 15 to 24 years, reflecting the time it takes to attain the qualification often required for work in this industry.
Financial and Insurance Services employment is projected to rise by 5.6% over the five years to May 2022.
Sources: ABS, Labour Force (trend and annual averages of original data); ABS, Census of Population and Housing; Department of Jobs and Small Business, Industry Employment Projections; Department of Education and Training, Higher Education Statistics; NCVER, Total VET Students and Courses
For more information see lmip.gov.au