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

A Bachelor Degree or higher is usually needed and half of workers have a university degree. Sometimes experience or on-the-job training is needed in addition to a qualification. Registration or licensing may be required.

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

Job Titles

  • Financial Investment Advisor, or Planning Advisor
  • Financial Investment Manager, or Portfolio Manager
  • Financial Investment Advisor, or Planning Advisor

    Develops and implements financial plans for individuals or organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Registration or licensing may be required.

  • Financial Investment Manager, or Portfolio Manager

    Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing may be required.

    Specialisations: Superannuation Funds Manager, Unit Trust Manager

Fast Facts

  • Avg. Weekly Pay

    $1,701 Before Tax
  • Future Growth

    very strong
  • Skill Level

    Bachelor Degree or higher
  • Employment Size

    51800
  • Unemployment

    average
  • Male Share

    66.8%
  • Female Share

    33.2%
  • Full-Time Share

    85.3%

Find Vacancies

This is a very large occupation employing 51,800 workers. Over the past 5 years the number of jobs has grown strongly.
Very strong growth is expected in the future. New jobs and turnover from workers leaving may create between 25,001 and 50,000 job openings over the 5 years to 2020.

  • Financial Investment Advisers and Managers work in most parts of Australia.
  • They mainly work in: Financial and Insurance Services; Professional, Scientific and Technical Services; and Rental, Hiring and Real Estate Services.
  • Full-time work is very common. Full-time workers, on average, work 40.9 hours per week (compared to the all jobs average of 40 hours).
  • Average earnings for full-time workers are around $1,701 per week (very high compared to the all jobs average of $1,230). Earnings tend to be lower when starting out and higher as experience grows.
  • The average age is 43 years (compared to the all jobs average of 40 years) and around 5 in 10 workers are aged 45 years or older.
  • Around 7 in 10 workers are male.
  • In 2016, the unemployment rate was similar to the average.

Employment Outlook

Number of Workers

Source: ABS Labour Force Survey, Department of Employment trend data to November 2015 and Department of Employment projections to 2020.
YearNumber of Workers
200538600
200640100
200739900
200846900
200937300
201037100
201145900
201245800
201340400
201447100
201551800
202063200

Weekly Earnings

Full-time Earnings

All Jobs Average

Weekly Earnings (before tax)

Source: Based on ABS Characteristics of Employment survey, August 2015, Cat. No. 6333.0, Customised Report. Median earnings are before tax and do not include superannuation. Earnings can vary greatly depending on the skills and experience of the worker and the demands of the role. These figures should be used as a guide only, not to determine a wage rate.
EarningsFinancial Investment Advisers and ManagersAll Jobs Average
Full-Time Earnings17011230

Hours

Weekly Hours Worked

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Hours actually worked by people who usually work full-time, and share of employment by full-time and part-time status, for this job compared to the all jobs average.
CategoryFinancial Investment Advisers and ManagersAll Jobs Average
Full-time85.368.4
Part-time14.731.6
Average Weekly Hours (full-time)40.940

Main Industries

Top Industries

Main Employing Industries (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
Main Employing IndustriesIndustry (% share)
Financial and Insurance Services83.4
Professional, Scientific and Technical Services7.3
Rental, Hiring and Real Estate Services2.8
Public Administration and Safety2.1
Other Industries4.4

States and Territories

  • NSW

  • VIC

  • QLD

  • SA

  • TAS

  • NT

  • ACT

Employment by State and Territory (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
StateFinancial Investment Advisers and ManagersAll Jobs Average
NSW33.931.8
VIC2825.5
QLD22.619.8
SA5.86.8
WA6.611.2
TAS1.82
NT0.31.1
ACT11.8

Age Profile

Age Profile (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Age profile of workers in this job compared to the all jobs average.
Age BracketFinancial Investment Advisers and ManagersAll Jobs AverageAll Jobs Average
15-190-5.45.4
20-242.9-9.99.9
25-3423.1-23.423.4
35-4428-21.721.7
45-5423.8-21.121.1
55-598.5-8.78.7
60-647.3-5.95.9
65 and Over6.3-3.83.8

Gender

Male Share

Female Share

Gender (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Male and female share of employment in this job compared to the all jobs average.
CategoryFinancial Investment Advisers and ManagersCategoryAll Jobs Average
Males66.8Males53.6
Females33.2Females46.4

Education Level

Top Education Levels

Highest Level of Education (% share)

Source: ABS, Education and Work (2016). Findings based on use of ABS TableBuilder data. Highest qualification completed by workers in this job (in any field of study). Skill level requirements can change over time, the qualifications needed by new workers might be different from the qualifications of workers already in the job.
Type of QualificationFinancial Investment Advisers and ManagersAll Jobs AverageAll Jobs Average
Post Graduate/Graduate Diploma or Graduate Certificate20.6-8.68.6
Bachelor degree32.1-17.917.9
Advanced Diploma/Diploma35.8-10.110.1
Certificate III/IV2.8-18.918.9
Year 128.7-18.718.7
Years 11 & 100-17.717.7
Below Year 100-8.18.1

A Bachelor Degree or higher is usually needed and half of workers have a university degree. Sometimes experience or on-the-job training is needed in addition to a qualification. Registration or licensing may be required.

If you are interested in this style of work, there are a wide range of training options available that could lead to this or a similar job.
The pathway that is right for you will depend on your skills and interests.

It is a good idea to speak to industry bodies, employers, and workers to learn more about the skills and qualifications you will need.

Employers look for Financial Investment Advisers and Managers who can communicate clearly, work well in a team and have strong interpersonal skills.

Knowledge

The topics, subjects, or knowledge areas workers rate as most important are shown below.

  1. Customer and Personal Service

    87% Important

    Customer and personal services. This includes understanding customer needs, providing good quality service, and measuring customer satisfaction.

  2. Economics and Accounting

    86% Important

    Economics and accounting, the financial markets, banking and checking and reporting of financial data.

  3. English Language

    74% Important

    English language including the meaning and spelling of words, rules of composition, and grammar.

  4. Sales and Marketing

    73% Important

    Showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

  5. Administration and Management

    71% Important

    Planning and coordination of people and resources.

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Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.

Activities

The work activities workers rate as most important are shown below.

  1. Getting Information

    93% Important

    Looking for, getting and understanding different kinds of information.

  2. Checking Compliance with Standards

    90% Important

    Deciding whether events or processes comply with laws, regulations, or standards.

  3. Interacting With Computers

    90% Important

    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

  4. Making Decisions and Solving Problems

    90% Important

    Using information to work out the best solution and solve problems.

  5. Building Good Relationships

    90% Important

    Building and keeping constructive and cooperative working relationships with others.

Occupational Information Network Personal Financial Advisors Opens in a new window
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration. The information on this site is derived from the US Department of Labor O*NET Database Version 21.2

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