Overview
EMPLOYED
569,800
PART-TIME SHARE
12%
WORKFORCE SHARE
3.9%
FEMALE SHARE
51%
MEDIAN WEEKLY EARNINGS
$1,900
MEDIAN AGE
40
Around 3.9% of workers have their main job in the Financial and Insurance Services industry.
Businesses in this industry are mainly involved in activities like:
- Banking and other financial services
- Life, health and other insurance cover
- Superannuation funds
- Other auxiliary finance and insurance services
A large share of the workforce work in cities.
Median earnings are $1,900 per week, higher than all industries median earnings of $1,700.
Details
On this page
Employment
Employment in the Financial and Insurance Services industry grew over the 20 years to February 2025.
The number of workers grew by 30,100 (or 5.6%) over the last year.
| Quarterly employment, Financial and Insurance Services | Employment |
|---|---|
| 365900 | |
| 370100 | |
| 374000 | |
| 378700 | |
| 384400 | |
| 390700 | |
| 397400 | |
| 402600 | |
| 405500 | |
| 406700 | |
| 407300 | |
| 407200 | |
| 406600 | |
| 405300 | |
| 403200 | |
| 401200 | |
| 399900 | |
| 399700 | |
| 400100 | |
| 399700 | |
| 398300 | |
| 398500 | |
| 401600 | |
| 407800 | |
| 415000 | |
| 420500 | |
| 423700 | |
| 425000 | |
| 425000 | |
| 423600 | |
| 422000 | |
| 420800 | |
| 420000 | |
| 418300 | |
| 415200 | |
| 412200 | |
| 409800 | |
| 408800 | |
| 409100 | |
| 411100 | |
| 415300 | |
| 422300 | |
| 429200 | |
| 433200 | |
| 435300 | |
| 436000 | |
| 435800 | |
| 435700 | |
| 434200 | |
| 432400 | |
| 432500 | |
| 435000 | |
| 438300 | |
| 440700 | |
| 441600 | |
| 442700 | |
| 444700 | |
| 449100 | |
| 455500 | |
| 462400 | |
| 468400 | |
| 472800 | |
| 477000 | |
| 483200 | |
| 493300 | |
| 506800 | |
| 520900 | |
| 534000 | |
| 543400 | |
| 548800 | |
| 552000 | |
| 552700 | |
| 552700 | |
| 551300 | |
| 547900 | |
| 542800 | |
| 539700 | |
| 541700 | |
| 548700 | |
| 558800 | |
| 569800 |
Sectors
Depository Financial Intermediation is the largest sector in the Financial and Insurance Services industry, employing 196,200 workers.
| Employment by industry sectors | Employment |
|---|---|
| Depository Financial Intermediation | 196200 |
| Auxiliary Finance and Investment Services | 170800 |
| Health and General Insurance | 111200 |
| Auxiliary Insurance Services | 24300 |
| Superannuation Funds | 19400 |
| Financial Asset Investing | 15700 |
| Life Insurance | 7200 |
| Non-Depository Financing | 2400 |
| Central Banking | 1800 |
Occupations
Financial Investment Advisers and Managers is the largest employing occupation in the Financial and Insurance Services industry.
The 10 largest employing occupations are shown below.
Some occupations are common across a number of industries.
Largest employing occupations
| ANZSCO Code | Occupation title |
|---|---|
| 2223 | Financial Investment Advisers and Managers |
| 5521 | Bank Workers |
| 2221 | Financial Brokers |
| 5522 | Credit and Loans Officers |
| 5523 | Insurance, Money Market and Statistical Clerks |
| 2613 | Software and Applications Programmers |
| 2222 | Financial Dealers |
| 6112 | Insurance Agents |
| 1322 | Finance Managers |
| 1499 | Other Hospitality, Retail and Service Managers |
Data Downloads
Industry data
This file contains data for all 19 industries to make comparing industry data easy. Information available includes:
- industry overview
- industry employment (20-year time series)
- industry sector employment
- top employing occupations by industry.