Overview
EMPLOYED
541,200
PART-TIME SHARE
13%
WORKFORCE SHARE
3.7%
FEMALE SHARE
49%
MEDIAN WEEKLY EARNINGS
$1,900
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 $1,900 per week, higher than all industries median earnings of $1,700.
Details
On this page
Employment
Employment in the Financial and Insurance Services industry grew over the 20 years to November 2024.
The number of workers fell by 7,800 (or -1.4%) over the last year.
| Quarterly employment, Financial and Insurance Services | Employment |
|---|---|
| 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 | |
| 412100 | |
| 409900 | |
| 408800 | |
| 409100 | |
| 411100 | |
| 415300 | |
| 422100 | |
| 428900 | |
| 432900 | |
| 435000 | |
| 435700 | |
| 435600 | |
| 435500 | |
| 434100 | |
| 432400 | |
| 432500 | |
| 434800 | |
| 438000 | |
| 440400 | |
| 441400 | |
| 442500 | |
| 444700 | |
| 449100 | |
| 455300 | |
| 462100 | |
| 468000 | |
| 472600 | |
| 477000 | |
| 483300 | |
| 493300 | |
| 506700 | |
| 520600 | |
| 533400 | |
| 542900 | |
| 548400 | |
| 551800 | |
| 552700 | |
| 553100 | |
| 552100 | |
| 549000 | |
| 544000 | |
| 540000 | |
| 539300 | |
| 541200 |
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 | 172900 |
| Health and General Insurance | 102000 |
| Auxiliary Insurance Services | 23700 |
| Superannuation Funds | 18000 |
| Financial Asset Investing | 14500 |
| Life Insurance | 8100 |
| Non-Depository Financing | 2700 |
| Central Banking | 1500 |
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.