Financial Dealers conduct financial market transactions on behalf of clients.

An Associate Degree, Advanced Diploma or Diploma, or at least 3 years of relevant experience is usually needed. Many Financial Brokers 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

  • obtaining information on securities, market conditions, government regulations and financial circumstances of clients
  • interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
  • analysing financial markets and financial market products
  • providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
  • executing buy and sell orders in the market place on behalf of clients
  • relaying trade information to clients such as the number of contracts bought and sold and the price
  • monitoring futures prices and market changes, and bidding for commodity futures contracts
  • recording and transmitting buy and sell orders
  • calculating and recording costs of transactions

Job Titles

  • Financial or Money Market Dealer
  • Futures Trader
  • Stockbroking Dealer, Sharebroker, or Stockbroker
  • Other Financial Dealers
  • Financial or Money Market Dealer

    Buys and sells securities within financial markets, and trades and distributes financial securities on behalf of financial institutions. Registration or licensing is required.

    Specialisations: Derivatives Trader, Fixed Interest Dealer, Foreign Exchange Dealer, Securities Dealer

  • Futures Trader

    Buys and sells commodity futures on behalf of clients. Registration or licensing is required.

  • Stockbroking Dealer, Sharebroker, or Stockbroker

    Buys and sells stocks and bonds on behalf of clients. Registration or licensing is required.

    Specialisations: Trading Floor Operator (Stock Exchange)

  • Other Financial Dealers

    Includes Equities Analyst. Registration or licensing may be required.

Fast Facts

  • Avg. Weekly Pay

    Unavailable
  • Future Growth

    moderate
  • Skill Level

    Bachelor Degree or higher
  • Employment Size

    14,700
  • Unemployment

    average
  • Male Share

    70.3%
  • Female Share

    29.7%
  • Full-Time Share

    86.2%

Find Vacancies

This is a medium sized occupation employing 14,700 workers. Over the past 5 years the number of jobs has fallen.
Moderate growth is expected in the future. New jobs and turnover from workers leaving may create between 5,001 and 10,000 job openings over the 5 years to 2020.

  • While there are jobs in many parts of Australia, New South Wales has a large share of Financial Dealers.
  • They mainly work in: Financial and Insurance Services; Public Administration and Safety; and Construction.
  • Full-time work is very common. Full-time workers, on average, work 42.0 hours per week (compared to the all jobs average of 40 hours).
  • The average age is 38 years (compared to the all jobs average of 40 years).
  • 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
200526000
200626700
200725300
200830200
200924900
201018600
201117100
201217600
201316800
201418400
201514700
202015900

Weekly Earnings

Full-time Earnings

All Jobs Average

Weekly Earnings (before tax)

No data is available for the selected graph for this Occupation.

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 DealersAll Jobs Average
Full-time86.268.4
Part-time13.831.6
Average Weekly Hours (full-time)42.040.0

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 Services86.0
Public Administration and Safety4.3
Construction3.7
Retail Trade1.5
Other Industries4.5

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 DealersAll Jobs Average
NSW49.431.8
VIC30.025.5
QLD7.419.8
SA2.56.8
WA8.311.2
TAS0.02.0
NT0.51.1
ACT1.81.8

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 DealersAll Jobs AverageAll Jobs Average
15-190.0-5.45.4
20-247.4-9.99.9
25-3429.2-23.423.4
35-4427.0-21.721.7
45-5423.0-21.121.1
55-594.5-8.78.7
60-643.5-5.95.9
65 and Over5.3-3.83.8

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 DealersCategoryAll Jobs Average
Males70.3Males53.6
Females29.7Females46.4

Education Level

Top Education Levels

Highest Level of Education (% share)

No data is available for the selected graph for this Occupation.

An Associate Degree, Advanced Diploma or Diploma, or at least 3 years of relevant experience is usually needed. Many Financial Brokers 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 Dealers who provide good customer service and who have strong interpersonal skills.

Knowledge

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

  1. Economics and Accounting

    81% Important

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

  2. English Language

    76% Important

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

  3. Customer and Personal Service

    72% Important

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

  4. Mathematics

    71% Important

    Arithmetic, algebra, geometry, calculus, or statistics.

  5. Computers and Electronics

    71% Important

    Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Occupational Information Network Securities, Commodities, and Financial Services Sales Agents 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

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. 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.

  2. Getting Information

    83% Important

    Looking for, getting and understanding different kinds of information.

  3. Processing Information

    80% Important

    Compiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.

  4. Updating and Using Relevant Knowledge

    79% Important

    Keeping up-to-date with technology and new ideas.

  5. Building Good Relationships

    79% Important

    Building and keeping constructive and cooperative working relationships with others.

Occupational Information Network Securities, Commodities, and Financial Services Sales Agents 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

go to top