Brisbane finance jobs fall on mining slowdown
Financial services jobs in Brisbane, particularly in the banking sector, have taken a tumble following a slowdown in the mining sector, according to eFinancial Careers.
The Queensland economy has not recovered at the same rate as some other states in the wake of the global financial crisis and 2011 floods, while Brisbane has been more affected by the fortunes of the mining sector than other capitals, eFinancialCareers stated.
"While things are certainly tight right now in Brisbane's financial services hiring, it's not all doom and gloom, and we expect that pending State government announcements about project spending in resources, construction and infrastructure may help revitalise the market," eFinancialCareers managing director Asia-Pacific, George McFerran said.
"And if commodity prices improve and the mines step up production then confidence will return and Queensland will move forward", he added.
There are still several 'hot spots' of opportunity, notably an increase in contract recruitment, particularly in insurance.
There is also still some demand for business-critical or revenue-generating roles such as auditors, financial planners, paraplanners, brokers, or those involved in project work like business developers, analysts, or financial reporting, eFinancialCareers stated.
There is unlikely to be any significant change in the job market for the remainder of this year, but expect a pick-up in 2013 once some of those key government spending announcements are made, the company stated.
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