Overview
EMPLOYED
546,000
PART-TIME SHARE
14%
WORKFORCE SHARE
3.7%
FEMALE SHARE
52%
MEDIAN WEEKLY EARNINGS
$2,163
MEDIAN AGE
41
Around 3.7% 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 $2,163 per week, higher than all industries median earnings of $1,741.
Details
On this page
Employment
Employment in the Financial and Insurance Services industry grew over the 20 years to February 2026.
The number of workers fell by 3,600 (or -0.6%) over the last year.
| Quarterly employment, Financial and Insurance Services | Employment |
|---|---|
| 378600 | |
| 384300 | |
| 390600 | |
| 397300 | |
| 402500 | |
| 405300 | |
| 406500 | |
| 407200 | |
| 407100 | |
| 406500 | |
| 405200 | |
| 403000 | |
| 401100 | |
| 399800 | |
| 399600 | |
| 399900 | |
| 399600 | |
| 398200 | |
| 398400 | |
| 401400 | |
| 407700 | |
| 414900 | |
| 420400 | |
| 423500 | |
| 424800 | |
| 424800 | |
| 423400 | |
| 421900 | |
| 420700 | |
| 419900 | |
| 418200 | |
| 415300 | |
| 412400 | |
| 410100 | |
| 409100 | |
| 409400 | |
| 411400 | |
| 415700 | |
| 422600 | |
| 429600 | |
| 433500 | |
| 435600 | |
| 436300 | |
| 436200 | |
| 436100 | |
| 434500 | |
| 432800 | |
| 432900 | |
| 435300 | |
| 438600 | |
| 441100 | |
| 442000 | |
| 443000 | |
| 445100 | |
| 449500 | |
| 455900 | |
| 462700 | |
| 468700 | |
| 473200 | |
| 477400 | |
| 483600 | |
| 493700 | |
| 507300 | |
| 521300 | |
| 534400 | |
| 543800 | |
| 549200 | |
| 552400 | |
| 553200 | |
| 553400 | |
| 552200 | |
| 548900 | |
| 543900 | |
| 540300 | |
| 541000 | |
| 544900 | |
| 549600 | |
| 552300 | |
| 551000 | |
| 548400 | |
| 546000 |
Sectors
Depository Financial Intermediation is the largest sector in the Financial and Insurance Services industry, employing 190,400 workers.
| Employment by industry sectors | Employment |
|---|---|
| Depository Financial Intermediation | 190400 |
| Auxiliary Finance and Investment Services | 164400 |
| Health and General Insurance | 108300 |
| Auxiliary Insurance Services | 26600 |
| Superannuation Funds | 17900 |
| Financial Asset Investing | 13700 |
| Life Insurance | 6800 |
| Non-Depository Financing | 4700 |
| Central Banking | 2400 |
Occupations
Financial Brokers 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 |
|---|---|
| 2221 | Financial Brokers |
| 2223 | Financial Investment Advisers and Managers |
| 5521 | Bank Workers |
| 5523 | Insurance, Money Market and Statistical Clerks |
| 5522 | Credit and Loans Officers |
| 2613 | Software and Applications Programmers |
| 2211 | Accountants |
| 1322 | Finance Managers |
| 2247 | Management and Organisation Analysts |
| 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.