Finance jobs most buoyant in two years
The country's accountancy and finance jobs market is the most buoyant it has been in 24 months on the back of growth, business development needs, and confidence, according a report by international recruitment firm, Hays.
The recruiting group's quarterly report found that there had recently been an influx of banking roles such as business banking, mortgage brokering, wealth management, and syndicate banking.
In terms of demand in skills for the April to June 2015 quarter it found a high demand for mortgage brokers as low interest rates are generating demand for home loans.
However, the report noted that there had been an increase in the educational requirements for job seekers and a candidate's ‘cultural fit' with the organisation was becoming more important in areas such as business banking.
The report said that this has resulted "in it becoming more difficult for experienced candidates without tertiary qualifications to find roles."
"Employees are commencing their tertiary studies in order to keep up with industry qualification requirements. For example, financial planners are studying for degrees as the major banks no longer accept only the Diploma of Financial Planning," the report said.
Other areas experiencing growth are construction and property, and the small and medium enterprises that are recruiting staff who can provide greater control of their finances.
Recommended for you
Minister for Financial Services, Stephen Jones, has said he did not expect backlash to changes around advice fee deduction and believes the second tranche will have greater impact, committing to enact it by May 2025.
Financial adviser numbers are “back in black” for the year to date, thanks to 50 new entrants joining the industry over the last four weeks.
An equity partner firm of Count has purchased a Brisbane-based accounting business for nearly $1 million, as Count drives forward its inorganic growth momentum.
Australia’s looming intergenerational wealth transfer remains a crucial opportunity for financial advisers, with 14 per cent of consumers looking to transfer $1 million or more.
