Financial Investment Manager Career and Immigration options for Australia
Financial Investment Manager Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing may be required.
Profile Title: Financial Investment Manager Career and Immigration options for Australia
Alternative Title:Portfolio Manager
ANZSCO Code: 222312 | Unit Code: 2223
Skill Level: Level 1 | Work Experience: 1 Years
Assessing Bodies: Vocational Education and Training Assessment Services (VETASSESS)
Skill Occupation List (SOL): STSOL
Specialization: Superannuation Funds Manager, Unit Trust Manager
Profile Description: Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing may be required.
Job Duties:
- 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
Skill Level Description: In Australia and New Zealand: Most occupations in this unit group have a level of skill commensurate with a Bachelor Degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1). Registration or licensing may be required.
Available Visa Options (As on February 2024):
- 190 - Skilled Nominated (subclass 190)
- 407 - Training visa (subclass 407)
- 489 - Skilled Regional (Provisional) visa (subclass 489) - State or Territory nominated
- 482 - Temporary Skill Shortage visa (subclass 482) - Short Term Stream
- 187 - Regional Sponsor Migration Scheme (subclass 187)
- 494 - Skilled Employer Sponsored Regional (provisional) (subclass 494) - Employer sponsored stream
- 491 - Skilled Work Regional (provisional) visa (subclass 491) State or Territory nominated
Registration or Licensing: may be required
Industries: Financial Investment Advisers and Managers are mainly employed in: Financial and Insurance Services; Professional, Scientific and Technical Services; and Rental, Hiring and Real Estate Services
Education Profile: The most common level of educational attainment for Financial Investment Advisers and Managers is Post Graduate/ Graduate Diploma or Graduate Certificate (38.3 per cent).
Job Opening: Over the five years to November 2019, the number of job openings for Financial Investment Advisers and Managers is expected to be above average (between 25,001 and 50,000). Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce).
Age Group: The main age group is 25-34 years (29.6 per cent) and the median age is 41 years (compared to 40 years for all occupations).
Gender: The female share of Financial Investment Advisers and Managers is 34.5 per cent and 84.6 per cent of Financial Investment Advisers and Managers work full time. Average weekly hours for full time workers are 42.8 (compared to 40.2 for all occupations).
Earning: In August 2014 (latest available data) weekly earnings full-time before tax (and not including employer superannuation) were $1,753 (compared to earnings for all occupations of $1,200).
Employment: Employment for this occupation rose very strongly (in percentage terms) in the past five years and rose strongly in the long-term (ten years). Looking forward, employment for Financial Investment Advisers and Managers to November 2020 is expected to grow very strongly.
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