Overview
EMPLOYED
534,200
PART-TIME SHARE
13%
WORKFORCE SHARE
3.7%
FEMALE SHARE
49%
MEDIAN WEEKLY EARNINGS
$1,899
MEDIAN AGE
40
Around 3.7% of workers have their main job in the Financial and Insurance Services industry.
Businesses in this industry are mainly involved in activities like:
- Banking and other financial services
- Life, health and other insurance cover
- Superannuation funds
- Other auxiliary finance and insurance services
A large share of the workforce work in cities.
Median earnings are $1,899 per week, higher than all industries median earnings of $1,600.
Details
On this page
Employment
Employment in the Financial and Insurance Services industry grew over the 20 years to August 2024.
The number of workers fell by 18,300 (or -3.3%) over the last year.
| Quarterly employment, Financial and Insurance Services | Employment |
|---|---|
| 350300 | |
| 355200 | |
| 361000 | |
| 365900 | |
| 370100 | |
| 374000 | |
| 378800 | |
| 384500 | |
| 390800 | |
| 397300 | |
| 402500 | |
| 405400 | |
| 406700 | |
| 407300 | |
| 407200 | |
| 406600 | |
| 405300 | |
| 403200 | |
| 401300 | |
| 400000 | |
| 399700 | |
| 400000 | |
| 399700 | |
| 398400 | |
| 398700 | |
| 401800 | |
| 407900 | |
| 414900 | |
| 420400 | |
| 423500 | |
| 424900 | |
| 424900 | |
| 423600 | |
| 422100 | |
| 420800 | |
| 419900 | |
| 418200 | |
| 415200 | |
| 412200 | |
| 409900 | |
| 408800 | |
| 409100 | |
| 411100 | |
| 415200 | |
| 422000 | |
| 428700 | |
| 432700 | |
| 434800 | |
| 435600 | |
| 435500 | |
| 435400 | |
| 433900 | |
| 432200 | |
| 432300 | |
| 434700 | |
| 437900 | |
| 440200 | |
| 441200 | |
| 442400 | |
| 444500 | |
| 448900 | |
| 455200 | |
| 461900 | |
| 467900 | |
| 472400 | |
| 476800 | |
| 483100 | |
| 493100 | |
| 506400 | |
| 520300 | |
| 533300 | |
| 542700 | |
| 548300 | |
| 551800 | |
| 553000 | |
| 553500 | |
| 552500 | |
| 549300 | |
| 543500 | |
| 537800 | |
| 534200 |
Sectors
Depository Financial Intermediation is the largest sector in the Financial and Insurance Services industry, employing 194,000 workers.
| Employment by industry sectors | Employment |
|---|---|
| Depository Financial Intermediation | 194000 |
| Auxiliary Finance and Investment Services | 170900 |
| Health and General Insurance | 101700 |
| Auxiliary Insurance Services | 21900 |
| Superannuation Funds | 19800 |
| Financial Asset Investing | 14500 |
| Life Insurance | 7400 |
| Non-Depository Financing | 2700 |
| Central Banking | 1600 |
Occupations
Bank Workers is the largest employing occupation in the Financial and Insurance Services industry.
The 10 largest employing occupations are shown below.
Some occupations are common across a number of industries.
Largest employing occupations
| ANZSCO Code | Occupation title |
|---|---|
| 5521 | Bank Workers |
| 2223 | Financial Investment Advisers and Managers |
| 2221 | Financial Brokers |
| 5522 | Credit and Loans Officers |
| 5523 | Insurance, Money Market and Statistical Clerks |
| 2211 | Accountants |
| 2613 | Software and Applications Programmers |
| 2222 | Financial Dealers |
| 1499 | Other Hospitality, Retail and Service Managers |
| 1322 | Finance Managers |
Data Downloads
Industry data
This file contains data for all 19 industries to make comparing industry data easy. Information available includes:
- industry overview
- industry employment (20-year time series)
- industry sector employment
- top employing occupations by industry.