ANZSCO 2223

Financial Investment Advisers and Managers

Overview

EMPLOYED

65,100

PART-TIME SHARE

16%

FEMALE SHARE

34%

MEDIAN WEEKLY EARNINGS

$2,320

MEDIAN AGE

42

ANNUAL EMPLOYMENT GROWTH

3,000

About this data

Summary

Financial Investment Advisers and Managers develop financial plans for individuals and organisations, and invest and manage funds on their behalf.

Tasks

  • Interviewing prospective clients to determine financial status and objectives, discussing financial options and developing financial plans and investment strategies
  • Monitoring investment performance, and reviewing and revising investment plans based on modified needs and changes in markets
  • Recommending and arranging insurance cover for clients
  • Arranging to buy and sell stocks and bonds for clients
  • Advising on investment strategies, sources of funds and the distribution of earnings
  • Setting financial objectives, and developing and implementing strategies for achieving the financial objectives
  • Managing funds raised from personal superannuation savings policies and unit trusts
  • Assisting in meeting superannuation compliance requirements
  • Directing the collection of financial, accounting and investment information and the preparation of budgets, reports, forecasts and statutory returns
  • May refer clients to other organisations to obtain services outlined in financial plans

ANZSCO Classification

Details

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    Earnings and Hours

    Weekly Earnings (Before Tax)
    Source: Share of workers who work full-time hours: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Average full-time hours worked per week: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Median full-time earnings per week and Median hourly earnings: ABS, Survey of Employee Earnings and Hours, May 2023, customised report. Note: median earnings data have not been produced for some occupations where there is a high standard error, and are published with "N/A" values.
    Earnings and Hours Financial Investment Advisers and Managers All Occupations
    Share of workers who work full-time hours 84% 70%
    Average full-time hours worked per week 45 hours 44 hours
    Median full-time earnings per week $2,320 $1,697
    Median hourly earnings $61 $43

    Industries

    Financial Investment Advisers and Managers work in industries like:

    Source: Ranked using ABS, Labour Force Survey, 2023, four-quarter average data, custom report.
    Note: industries that comprise less than 5% of an occupation have been suppressed.

    States and territories

    New South Wales

    43.7%

    Victoria

    28.4%

    Queensland

    13.2%

    South Australia

    4.0%

    Tasmania

    1.1%

    Northern Territory

    0.2%

    Australian Capital Territory

    2.4%

    Source: ABS Labour Force Survey, Detailed, August 2024, Jobs and Skills Australia trend data.

    Age and gender

    Age and Gender Profile
    Source: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Age and Gender Financial Investment Advisers and Managers All Occupations
    Median age 42 years 39 years
    Female share of employment 34% 48%
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Age Profile (% Share) All Occupations Financial Investment Advisers and Managers
    15–19 5.2 0.1
    20–24 9.1 3.7
    25–34 22.7 20.6
    35–44 22.3 29.1
    45–54 20.4 25.7
    55–59 8.8 8.6
    60–64 6.5 5.6
    65 and Over 4.9 6.6

    Education

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Highest Level of Educational Attainment (% Share) All Occupations Financial Investment Advisers and Managers
    Post Graduate/Graduate Diploma or Graduate Certificate 12.2 27.9
    Bachelor degree 23.2 44.1
    Advanced Diploma/Diploma 11.1 15.7
    Certificate III/IV 19.5 2.8
    Year 12 15.9 5.7
    Year 11 4.0 0.7
    Year 10 and below 9.7 1.0
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      Occupation profiles data

      This file contains data displayed on the Occupation Profile pages.

      Use of data in this file must include the relevant attribution text provided.

      Occupation profiles data - August 2024.xlsx

      occupation_profiles_data_-_august_2024.xlsx9088333

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      Australian and New Zealand Standard Classification of Occupations

      Australian and New Zealand Standard Classification of Occupations (ANZSCO) is the skill-based classification system used to categorise occupations in the Australian and New Zealand labour markets. ANZSCO provides a basis for the standardised collection, analysis and dissemination of occupation data. Visit the ABS website to learn how ANZSCO works. Jobs and Skills Australia displays data for occupations that are defined by ANZSCO 2013 Version 1.3.