Financial Dealers conduct financial market transactions on behalf of clients.

    You usually need a formal qualification in commerce, finance, accounting, economics or actuarial science to work as a Financial Dealer. Financial Dealers often have university qualifications.

    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

    More about Financial Dealers

    All Financial Dealers

    All Financial Dealers

    • $2,298 Weekly Pay
    • Stable Future Growth
    • Lower unemployment Unemployment
    • 18,100 workers Employment Size
    • Very high skill Skill level rating
    • 89% Full-Time Full-Time Share
    • 47 hours Average full-time
    • 38 years Average age
    • 31% female Gender Share

    The number of people working as Financial Dealers (in their main job) is about the same as 5 years ago and is expected to stay about the same over the next 5 years:
    from 18,100 in 2018 to 18,400 by 2023.
    Job openings can come from new jobs being created, but most come from turnover (workers leaving).
    There are likely to be around 8,000 job openings over 5 years (that's about 1,600 a year).

    • Size: This is a medium sized occupation.
    • Unemployment: Unemployment was below average in 2018.
    • Location: Financial Dealers work in many parts of Australia. New South Wales has a large share of workers.
    • Industries: Most work in Financial and Insurance Services; Public Administration and Safety; and Professional, Scientific and Technical Services.
    • Earnings: Full-time workers on an adult wage earn around $2,298 per week (very high compared to the average of $1,460). Earnings tend to be lower when starting out and higher as experience grows.
    • Full-time: Most work full-time (89%, 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 38 years (compared to the average of 40 years).
    • Gender: 31% of workers are female (compared to the average of 48%).

    Employment Outlook

    Number of Workers

    Source: ABS Labour Force Survey, Department of Jobs and Small Business trend data to May 2018 and Department of Jobs and Small Business projections to 2023.
    YearNumber of Workers
    200830700
    200921600
    201023900
    201119000
    201217600
    201318000
    201417200
    201515900
    201615700
    201720300
    201818100
    202318400

    Weekly Earnings

    Weekly Earnings (Before Tax)

    Source: Based on ABS Survey of Employee Earnings and Hours (cat. no. 6306.0), May 2018, Customised Report. Median weekly total cash earnings for full-time non-managerial employees paid at the adult rate. Earnings are before tax and include amounts salary sacrificed. 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 DealersAll Jobs Average
    Full-Time Earnings22981460

    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 Services88.0
    Public Administration and Safety2.3
    Professional, Scientific and Technical Services1.9
    Accommodation and Food Services1.1
    Other Industries6.7

    States and Territories

    • NSW

    • VIC

    • QLD

    • SA

    • TAS

    • NT

    • ACT

    Employment by State and Territory (% Share)

    Source: Based on Based on ABS Census 2016, Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
    StateFinancial DealersAll Jobs Average
    NSW45.431.6
    VIC27.025.6
    QLD11.820.0
    SA4.87.0
    WA8.010.8
    TAS0.82.0
    NT0.41.0
    ACT1.81.9

    Age Profile

    Age Profile (% Share)

    Source: Based on Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
    Age BracketFinancial DealersAll Jobs AverageAll Jobs Average
    15-190.1-5.05.0
    20-244.7-9.39.3
    25-3432.5-22.922.9
    35-4429.6-22.022.0
    45-5421.2-21.621.6
    55-596.0-9.09.0
    60-643.0-6.06.0
    65 and Over2.8-4.24.2

    Education Level

    Highest Level of Education (% Share)

    Source: ABS, 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 QualificationFinancial DealersAll Jobs AverageAll Jobs Average
    Post Graduate/Graduate Diploma or Graduate Certificate21.8-10.110.1
    Bachelor degree45.5-21.821.8
    Advanced Diploma/Diploma10.8-11.611.6
    Certificate III/IV4.2-21.121.1
    Year 1213.8-18.118.1
    Year 111.8-4.84.8
    Year 10 and below2.3-12.512.5

    You usually need a formal qualification in commerce, finance, accounting, economics or actuarial science to work as a Financial Dealer. Financial Dealers often have university qualifications.

    You must also be registered with the Australian Securities Exchange.

    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 Dealers who provide good customer service and who have strong interpersonal skills.

    Filter Skills & Knowledge

    Knowledge

    These are important topics, subjects or knowledge areas.

    1. Economics and Accounting

      64% Skill level

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

    2. Customer and Personal Service

      61% Skill level

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

    3. Mathematics

      61% Skill level

      Arithmetic, algebra, geometry, calculus, or statistics.

    4. Sales and Marketing

      59% Skill level

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

    5. Computers and Electronics

      58% Skill level

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

    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, 41-3031.03 - Securities and Commodities Traders.

    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. Electronic Mail

      100% Important

      How often do you use electronic mail?

    2. Telephone

      100% Important

      How often do you talk on the telephone?

    3. Spend Time Sitting

      100% Important

      How much time do you spend sitting?

    4. Face-to-Face Discussions

      99% Important

      How often do you talk with people face-to-face?

    5. Frequency of Decision Making

      99% Important

      How often do you make decisions that affect other people?

    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, 41-3031.03 - Securities and Commodities Traders.

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