Stockbrokers buy and sell stocks and bonds on behalf of clients.

Specialisations: Trading Floor Operator (Stock Exchange).

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

Tasks

  • Obtains information on securities, market conditions, government regulations and financial circumstances of clients.
  • Interprets data from securities reports, financial periodicals and stock-quotation viewer screens.
  • Analyses financial markets and financial market products.
  • Provides information and offers advice on financial market matters and market conditions, as well as the history and prospects of corporations.
  • Executes buy and sell orders in the market place on behalf of clients.
  • Relays trade information to clients such as the number of contracts bought and sold and the price.
  • Monitors stock prices and market changes, and bids for securities and bonds.
  • Records and transmits buy and sell orders.
  • Calculates and records costs of transactions.

All Financial Dealers

  • $2,298 Weekly Pay
  • Stable Future Growth
  • Lower unemployment Unemployment

Stockbrokers

  • 4,300 workers Employment Size
  • Very high skill Skill level rating
  • 84% Full-Time Full-Time Share
  • 51 hours Average full-time
  • 42 years Average age
  • 15% female Gender Share

The number of people working as Stockbrokers (in their main job) fell over 5 years:
from 5,800 in 2011 to 4,300 in 2016.

  • Size: This is a very small occupation.
  • Location: Many Stockbrokers work in New South Wales.
  • Industries: Most work in the Financial and Insurance Services industry.
  • Full-time: Most work full-time (84%, much higher than the average of 66%).
  • Hours: Full-time workers spend around 51 hours per week at work (compared to the average of 44 hours).
  • Age: The average age is 42 years (compared to the average of 40 years).
  • Gender: 15% 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 Services96.5
Professional, Scientific and Technical Services1.1
Rental, Hiring and Real Estate Services0.3
Wholesale Trade0.3
Other Industries1.8

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.
StateStockbrokersAll Jobs Average
NSW51.831.6
VIC23.025.6
QLD11.920.0
SA3.47.0
WA8.610.8
TAS0.32.0
NT0.21.0
ACT0.81.9

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 BracketStockbrokersAll Jobs AverageAll Jobs Average
15-190.1-5.05.0
20-245.1-9.39.3
25-3425.1-22.922.9
35-4427.1-22.022.0
45-5422.1-21.621.6
55-597.8-9.09.0
60-645.0-6.06.0
65 and Over7.7-4.24.2

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 QualificationStockbrokersAll Jobs AverageAll Jobs Average
Post Graduate/Graduate Diploma or Graduate Certificate21.3-10.110.1
Bachelor degree51.5-21.821.8
Advanced Diploma/Diploma9.6-11.611.6
Certificate III/IV3.3-21.121.1
Year 1210.8-18.118.1
Year 111.0-4.84.8
Year 10 and below2.4-12.512.5

You usually need a formal qualification in commerce, finance, accounting, economics or actuarial science to work as a Stockbroker. Stockbrokers 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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