Jobs growth earmarked for financial services
Financial services has been included in a list of top five jobs areas likely to be pursued by school leavers this year.
The list, developed by research firm Ibisworld, pointed to employment opportunities in some segments of financial services including securitisation, share registry services, mortgage broking and superannuation fund management.
Ibisworld general manager Robert Bryant said that while overall employment growth figures for the financial services industry might not appear particularly strong at an annualised 1.8 per cent, a number of sub-sectors held opportunities.
“With the return of investors to the market, the big winner in finance is the securitisation sector with projected employment growth of 29 per cent between 2011 and 2016 and annualised wage growth of 20.8 per cent,” he said.
He said opportunities also existed with respect to share registry services, mortgage broking, foreign banking and superannuation fund management.
The other hot employment sectors noted in the Ibisworld research were child-care services, veterinary services, integrated logistics and health.
Recommended for you
ASIC has launched legal action in the Federal Court against SQM Research and Interprac Financial Planning, citing alleged failures related to the Shield and First Guardian fund collapses.
While interest in private markets continues to grow, a panel of industry professionals have argued that data and reporting challenges in this sector are limiting accessibility for financial advisers.
Evidentia Group, a wholly owned subsidiary of Generation Development Group, has entered into a binding agreement to acquire consulting firm Encore Advisory Group.
MST Financial has announced the completion of its acquisition and integration of FIIG Asset Management from AUSIEX, bolstering its leadership team in the process.

