Finance professionals facing job uncertainty

accountants/financial-planning/government-and-regulation/research-and-ratings/executive-general-manager/

26 February 2013
| By Staff |
image
image
expand image

Investment advisers are in slight over-supply, with job opportunities declining in this space, according to the Clarius Skills Index.

The Clarius Skills Index for the December quarter showed there were about 900 investment advisers, financial brokers and dealers without a job, up from 700 in the September quarter.

Meanwhile, accountants and auditors are in very high demand, though the sector is feeling ‘nervous' about future job opportunity.

Executive general manager of Lloyd Morgan — a division of the Clarius Group — Paul Barbaro, said job opportunities have diminished, promotions have slowed and people were being asked to do more for less.

There is hiring activity, but it has slowed, Barbaro said.

"Accountancy and auditing is highly exposed to the vagaries of government as it relies on regulation, government programs to be funded and changes to legislation," he said. "So if governments lose momentum, job opportunity is also impacted."

Barbaro added government indecision and the long lead to the federal election are causing a ripple through the auditing world, making the sector ‘nervous'.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS