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Financial and Insurance Services employs approximately 392,000 persons, full time and part time, which is around 3.6 per cent of the total workforce. Over the past five years, employment in the industry has increased at a rate of 2.4 per cent per annum. The median age for workers in this industry is 37 years and median earnings are around $1104 per week (before tax) for full-time employees. |
Industry Employment Outlooks provide detailed analysis of employment characteristics, trends and prospects by industry, and highlight specific sectors where job growth is the strongest. Specific issues highlighted in these outlooks include workforce ageing, employment share by gender, educational profile, weekly earnings, average hours worked, regional and occupational employment.
Below is an Industry Employment Overview of the Financial Insurance industry. For more detailed information go to Industry Employment Profiles or directly to the Industry and Regional Tables page for data on broad (ANZSIC 1 digit) industries.
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The following summary table illustrates how this historical trend translates into rates of growth within various time intervals (i.e. one, two, five and ten years).
Source: DEEWR Trend Data based on ABS Labour Force, Australia, Cat no: 6291.0.55.003 – August 2009
The following shows projected future growth, general employment characteristics and the proportion of workers aged 45 years and over in the Financial and Insurance Services industry.
Characteristics and Mature Age Source: DEEWR Special Order based on ABS Labour Force, Australia, Cat no: 6291.0.55.003 – Calendar Year Average 2008
The following shows the top 10 employing DEEWR Labour Market Regions (LMRs) for this industry including the number employed by each region (in 000's):
More information on employment in the Financial and Insurance Services industry by DEEWR Labour Market Region or by ABS Labour Force Region can be viewed by clicking the relevant link.
The top employing occupations in Financial and Insurance Services industry are shown below. Click on any of the occupation titles to go to the Job Outlook web page for that occupation. Job Outlook contains a comprehensive statistical profile for each occupation, as well as links to Australian JobSearch and My Future.
Education and Training
Industry Skill Needs
Careers and Job Opportunities
Industry Organisations and Government Departments