Show me the money
New research has revealed demand for financial advisers in South Australia is increasing at a faster rate than the national average, while Western Australia has the quickest falling job numbers in the land.
The eJobs Recruitment Specialists report found that in the last 12 months, industry job numbers across South Australia increased by 21.5 per cent. This is compared to a 9.4 per cent drop nationally.
A ‘talent drought’ is also pushing up salaries for advisers, paraplanners and client support staff in the region, with $85,000 a popular salary for advisers with two to four years experience, although offers of $100,000 were also not uncommon.
However, the figures for Western Australia paint a different picture, with a 33 per cent decline in advertised industry jobs in the last 12 months, despite the mining boom that is occurring in the region.
Adviser salaries commenced at $40,000, some of which were requesting candidates with two or more years experience. Offers of more than $80,000 generally sought candidates with three to five years experience.
Recommended for you
In this episode of Relative Return Insider, host Keith Ford and AMP deputy chief economist Diana Mousina break down the spike in inflation numbers and what it means for the possibility of a rate cut as we move into the new year.
In this episode of Relative Return Insider, host Keith Ford and AMP economist My Bui explore Prime Minister Anthony Albanese’s trip to the US and the critical minerals deal stemming from his meeting with President Donald Trump.
In this episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver unpack the latest unemployment numbers and what they mean for a rate cut, as well as how the latest flare-up in the ongoing US–China trade dispute has highlighted the remaining disparity between gold and bitcoin.
In this episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver take a look at the unfolding impacts and potential economic ramifications of the US government shutdown and the surge in gold and bitcoin prices.
