Financial planning jobs ads fall in July
The number of advertised financial planning job ads is down 8.4 per cent across Australia, although this fall is in line with seasonal averages, according to eJobs Recruitment.
Despite the recent falls, advertised positions are up more than 60 per cent nationally from where they were 12 months ago, and almost 4 per cent compared to three months ago.
“Although national job ad numbers have dropped, it would be unfair to say this is anything other than a ‘seasonal adjustment’,” eJobs said in a statement, adding that there may also be a slight softening of demand due to the end of the financial year.
The biggest one-month falls were seen in Western Australia, which dropped by nearly a third, and Victoria and Tasmania, which together were down more than 17 per cent. South Australia increased 7.3 per cent.
Demand for paraplanners had increased significantly since the drops seen during the global financial crisis, and there was also a strong demand for senior financial planners, particularly in CBD areas, eJobs said. Advertised salaries had increased in line with demand.
Financial planner ads were the most numerous, including entry level and call centre ‘sales’ roles beginning at $50,000, although there was much greater demand for experienced planners, particularly those who were able to bring their own clients.
One third of all advertised planner roles fell in the $90-$120k bracket. The median salary range was $80-$90k and the average advertised planner salary was $85k.
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