The South Australian finance and insurance industry employs 46,100 people, which is 5.7% of the State’s workforce.

Finance and insurance employees mostly work in banks, private accounting firms and insurance companies.

Most of the jobs are in the Adelaide metropolitan area, although there are regional jobs available.

Job openings for skilled workers

 

Quick facts about this industry

  • Maths is important to train and work in this industry.
  • Two thirds of people work full-time.
  • Half of the workforce have completed a certificate IV, diploma, advanced diploma or university degree qualification.
  • Women make up around two thirds of the workforce.
  • People in the industry are generally older than the average age of the South Australian workforce.
  • To work in this industry you need to be accurate and organised. Computer skills are essential and you will need to be able to communicate well with others, particularly in writing.
  • Full-time entry-level workers in this industry earn between $600 and $800 per week while most accountants earn more than $1,300 per week.

School options

Ask your Vocational Education and Training (VET) Coordinator at school for information about doing vocational education during the South Australian Certificate of Education (SACE), including the Training Guarantee for SACE (or equivilant) students. Visit the VET section of the SACE website for training options in:

  • Business and finance

Vocational qualifications include:

  • Certificate III – Advanced Diploma in Insurance Broking
  • Diploma and Advanced Diploma of Banking Services Management
  • Certificate IV – Advanced Diploma in Accounting
  • Diploma and Advanced Diploma of Business
  • Diploma and Advanced Diploma of Superannuation
  • Certificate I – Diploma in Financial Services
  • Certificate IV and Diploma in Credit Management
  • Certificate IV and Diploma in Personal Injury Management
  • Certificate III qualifications in Mercantile Agents and Accounts Administration
  • Certificate IV qualifications in Banking Services, Life Insurance and Bookkeeping
  • Diploma qualifications in Finance and Mortgage Broking Management, General Insurance and Loss Adjusting.

See courses related to this industry.

University disiplines include:

  • Accounting
  • Commerce
  • Economics
  • Finance

Explore university courses offered in South Australia, including courses from:

For more information about university courses visit South Australian Tertiary Admissions Centre (SATAC) or for information about student satisfaction visit Quality Indicators for Learning and Teaching (QILT).

Apply to study

For application information for South Australian universities and some TAFE SA courses, visit the South Australian Tertiary Admissions Centre (SATAC).

For enrolment in WorkReady vocational courses see how to enrol for training.

For more information, call the Skills and Employment Infoline on
1800 506 266.

Occupations in this industry

The finance industry provides a diverse range of services, including mortgage advice, money lending, securities (stocks) dealing, foreign currency exchange, risk management services, wealth and asset planning and management, and executor and trustee services.

Insurers in this sector usually provide life insurance, health insurance, funeral benefit and general insurance cover.

Superannuation funds manage monies that have been invested throughout employment by an employer paying a specified proportion of wages into a nominated fund.

Accountants analyse, report and give advice about the financial dealings of organisations and individuals, and advise on associated record-keeping and compliance requirements.

Financial planners develop and implement financial plans for individuals covering all areas of finance, including taxation, retirement, superannuation, insurance and estate planning.

Key occupations

Other occupations in this industry include:

Bank worker, bookkeeper, corporate treasurer, credit and loans officer, debt collector, financial broker, insurance agent, insurance investigator, insurance, money market and statistical clerk, loss adjuster, private investigator, risk surveyor, taxation compliance officer.

Related industries for these occupations

Useful links

Career information has been sourced from government publications. See data sources for more information.

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