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

    You usually need a formal qualification in finance, accounting, commerce or economics to work as a Financial Investment Adviser or Manager. VET (Vocational Education and Training) and university are both common study pathways for Financial Investment Advisers and Managers.

    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

    More about Financial Investment Advisers and Managers

    All Financial Investment Advisers and Managers

    All Financial Investment Advisers and Managers

    • $2,307 Weekly Pay
    • Stable Future Growth
    • Lower unemployment Unemployment
    • 43,500 workers Employment Size
    • Very high skill Skill level rating
    • 84% Full-Time Full-Time Share
    • 45 hours Average full-time
    • 42 years Average age
    • 31% female Gender Share

    The number of people working as Financial Investment Advisers and Managers (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 43,500 in 2018 to 43,100 by 2023.
    Job openings can come from new jobs being created, but most come from turnover (workers leaving).
    There are likely to be around 17,000 job openings over 5 years (that's about 3,400 a year).

    • Size: This is a large occupation.
    • Unemployment: Unemployment was below average in 2018.
    • Location: Many Financial Investment Advisers and Managers work in New South Wales.
    • Industries: Most work in Financial and Insurance Services; Professional, Scientific and Technical Services; and Rental, Hiring and Real Estate Services.
    • Earnings: Full-time workers on an adult wage earn around $2,307 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 (84%, much higher than the average of 66%).
    • Hours: Full-time workers spend around 45 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: 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
    200841700
    200940500
    201036400
    201146500
    201243600
    201342300
    201447100
    201547100
    201649700
    201748200
    201843500
    202343100

    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 Investment Advisers and ManagersAll Jobs Average
    Full-Time Earnings23071460

    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 Services83.3
    Professional, Scientific and Technical Services5.4
    Rental, Hiring and Real Estate Services3.4
    Public Administration and Safety2.0
    Other Industries5.9

    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.
    StateFinancial Investment Advisers and ManagersAll Jobs Average
    NSW37.531.6
    VIC28.725.6
    QLD16.520.0
    SA5.97.0
    WA8.410.8
    TAS1.32.0
    NT0.31.0
    ACT1.41.9

    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 BracketFinancial Investment Advisers and ManagersAll Jobs AverageAll Jobs Average
    15-190.1-5.05.0
    20-243.8-9.39.3
    25-3424.3-22.922.9
    35-4428.7-22.022.0
    45-5423.0-21.621.6
    55-598.2-9.09.0
    60-645.5-6.06.0
    65 and Over6.3-4.24.2

    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 QualificationFinancial Investment Advisers and ManagersAll Jobs AverageAll Jobs Average
    Post Graduate/Graduate Diploma or Graduate Certificate21.8-10.110.1
    Bachelor degree42.4-21.821.8
    Advanced Diploma/Diploma23.9-11.611.6
    Certificate III/IV2.7-21.121.1
    Year 126.8-18.118.1
    Year 110.9-4.84.8
    Year 10 and below1.4-12.512.5

    You usually need a formal qualification in finance, accounting, commerce or economics to work as a Financial Investment Adviser or Manager. VET (Vocational Education and Training) and university are both common study pathways for Financial Investment Advisers and Managers.

    Registration with Australian Security and Investments Commission is needed to work as a Financial Investment Adviser or Manager. Membership with the Association of Financial Advisors may also be useful.

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

    Filter Skills & Knowledge

    Knowledge

    These are important topics, subjects or knowledge areas.

    1. Customer and personal service

      73% Skill level

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

    2. Economics and accounting

      69% Skill level

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

    3. Mathematics

      67% Skill level

      Arithmetic, algebra, geometry, calculus, or statistics.

    4. Sales and marketing

      67% Skill level

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

    5. Administration and management

      63% Skill level

      Business principles involved in strategic planning, leadership, and coordinating people and resources.

    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, 13-2052.00 - Personal Financial Advisors.

    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

      95% Important

      Use electronic mail.

    2. Indoors, heat controlled

      95% Important

      Work indoors with access to heating or cooling.

    3. Telephone

      93% Important

      Talk on the telephone.

    4. Spend time sitting

      91% Important

      Spend time sitting at work.

    5. Contact with people

      88% Important

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

    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, 13-2052.00 - Personal Financial Advisors.

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