Stockbroking Dealer Career and Immigration options for Australia

Profile Title: Stockbroking Dealer Career and Immigration options for Australia

Alternative Title:Sharebroker, Stockbroker

ANZSCO Code: 222213 | Unit Code: 2222

Skill Level: Level 1 | Work Experience: 1 Years

Assessing Bodies: Vocational Education and Training Assessment Services (VETASSESS)

Skill Occupation List (SOL): STSOL

Specialization: Trading Floor, Operator (Stock Exchange)

Profile Description: Buys and sells stocks and bonds on behalf of clients. Registration or licensing is required.

Job Duties:

• obtaining information on securities, market conditions, government regulations and financial circumstances of clients
• interpreting data from securities reports, financial periodicals and stock-quotation viewer screens
• analysing financial markets and financial market products
• providing information and offering advice on financial market matters, market conditions and the history and prospects of corporations
• executing buy and sell orders in the market place on behalf of clients
• relaying trade information to clients such as the number of contracts bought and sold and the price
• monitoring futures prices and market changes, and bidding for commodity futures contracts
• recording and transmitting buy and sell orders
• calculating and recording costs of transactions

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 Dealers are mainly employed in: Financial and Insurance Services; Professional, Scientific and Technical Services; and Public Administration and Safety

Education Profile: The most common level of educational attainment for Financial Dealers is Bachelor degree (63.4 per cent).

Job Opening: Over the five years to November 2019, the number of job openings for Financial Dealers is expected to be average (between 10,001 and 25,000). 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 (28.2 per cent) and the median age is 42 years (compared to 40 years for all occupations).

Gender: The female share of Financial Dealers is 29.1 per cent and 82.6 per cent of Financial Dealers work full time. Average weekly hours for full time workers are 42.9 (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 $1,996 (compared to earnings for all occupations of $1,200).

Employment: Employment for this occupation fell in the past five years and fell markedly in the long-term (ten years). Looking forward, employment for Financial Dealers to November 2020 is expected to grow moderately.