Finance Brokers operate as independent agents in the course of financial negotiations and arrange loans of money on behalf of clients.

Specialisations: Lease Broker, Mortgage Broker.

You usually need a formal qualification in commerce, finance, economics or actuarial studies to work as a Finance Broker. Finance Brokers often have university qualifications.

Tasks

  • Determines the specific financial and insurance requirements of clients, and researches and reviews available finance and insurance products for suitability to meet clients' requirements.
  • Analyses clients' financial status, discusses financial options and develops financial strategies.
  • Recommends loan combinations that meet clients' needs.

All Financial Brokers

  • $2,231 Weekly Pay
  • Very strong Future Growth
  • Lower unemployment Unemployment

Finance Brokers

  • 12,700 workers Employment Size
  • High skill Skill level rating
  • 81% Full-Time Full-Time Share
  • 47 hours Average full-time
  • 44 years Average age
  • 28% female Gender Share

The number of people working as Finance Brokers (in their main job) grew very strongly over 5 years:
from 8,200 in 2011 to 12,700 in 2016.

  • Size: This is a medium sized occupation.
  • Location: Finance Brokers work in many regions of Australia.
  • Industries: Most work in the Financial and Insurance Services industry.
  • Full-time: Most work full-time (81%, much higher than the average of 66%).
  • Hours: Full-time workers spend around 47 hours per week at work (compared to the average of 44 hours).
  • Age: The average age is 44 years (compared to the average of 40 years).
  • Gender: 28% of workers are female (compared to the average of 48%).

Employment Outlook

Number of Workers

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

Weekly Earnings

Weekly Earnings (Before Tax)

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

Main Industries

Main Employing Industries (% Share)

Source: Based on ABS Census 2016, Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
Main Employing IndustriesIndustry (% share)
Financial and Insurance Services95.2
Professional, Scientific and Technical Services1.6
Rental, Hiring and Real Estate Services1.0
Agriculture, Forestry and Fishing0.6
Other Industries1.6

States and Territories

  • NSW

  • VIC

  • QLD

  • SA

  • TAS

  • NT

  • ACT

Employment by State and Territory (% Share)

Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
StateFinance BrokersAll Jobs Average
NSW33.531.6
VIC26.425.6
QLD17.920.0
SA6.47.0
WA13.210.8
TAS0.92.0
NT0.51.0
ACT1.21.9

Age Profile

Age Profile (% Share)

Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
Age BracketFinance BrokersAll Jobs AverageAll Jobs Average
15-190.2-5.05.0
20-243.1-9.39.3
25-3421.1-22.922.9
35-4426.3-22.022.0
45-5428.1-21.621.6
55-599.6-9.09.0
60-646.7-6.06.0
65 and Over5.0-4.24.2

Education Level

Highest Level of Education (% Share)

Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
Type of QualificationFinance BrokersAll Jobs AverageAll Jobs Average
Post Graduate/Graduate Diploma or Graduate Certificate11.9-10.110.1
Bachelor degree25.5-21.821.8
Advanced Diploma/Diploma38.0-11.611.6
Certificate III/IV9.5-21.121.1
Year 1210.9-18.118.1
Year 111.7-4.84.8
Year 10 and below2.6-12.512.5

You usually need a formal qualification in commerce, finance, economics or actuarial studies to work as a Finance Broker. Finance Brokers often have university qualifications.

You must also be registered with the Australian Securities and Investments Commission.

Checks, licences and tickets

You may need:

  • Australian Financial Services licence

Thinking about study or training?

Before starting a course, check it will provide you with the skills and qualifications you need.

  • Search and compare thousands of higher education courses, and their entry requirements from different institutions across Australia at Course Seeker website.
  • Compare undergraduate and postgraduate student experiences and outcomes on the QILT website.
  • Compare Vocational Education and Training (VET) courses, providers and student outcomes on the My Skills website.
  • You might be interested in Financial Services VET training pathways on the AAPathways website.

Or check out related courses on Job Outlook.

Useful links and resources


The course listings on this page are provided by Good Education Group.

Employers look for Financial Brokers who provide good customer service and who have strong interpersonal skills.

Filter Skills & Knowledge

Knowledge

These are important topics, subjects or knowledge areas.

  1. Customer and personal service

    78% Skill level

    Understanding customer needs, providing good quality service, and measuring customer satisfaction.

  2. Sales and marketing

    63% Skill level

    Showing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.

  3. Mathematics

    63% Skill level

    Arithmetic, algebra, geometry, calculus, or statistics.

  4. English language

    61% Skill level

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

  5. Clerical

    58% Skill level

    Word processing, managing files and records, stenography and transcription, designing forms, and other office work.

Occupational Information Network
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2072.00 - Loan Officers.

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.

Filter Work Environment

Demands

The physical and social demands workers face most often are shown below.

  1. Telephone

    100% Important

    Talk on the telephone.

  2. Contact with people

    95% Important

    Have contact with people by telephone, face-to-face, or any other way.

  3. Freedom to make decisions

    93% Important

    Have freedom to make decision on your own.

  4. Spend time sitting

    92% Important

    Spend time sitting at work.

  5. Being exact or accurate

    92% Important

    Be very exact or highly accurate.

Occupational Information Network
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2072.00 - Loan Officers.

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