Financial Services & Funds Management Industry
Overview
Around one third of all financial and insurance activity in Australia takes place in Victoria. Two of Australia's four biggest banks, and hundreds of fund and investment managers, are based in Melbourne.
Victoria's finance industry includes:
- banking services
- finance services
- insurance services
- investment and funds management.
Industry size
In June 2007, the size of Victoria's finance industry was estimated at around A$20 billion. The finance industry employs around 5 percent of Victoria's workforce (100,000 people).
Occupations
Victoria is currently offering visa sponsorship to applicants with the following finance-related qualifications:
- Accountant
- Must have a minimum of three years experience in a large, international firm and managerial experience
- External Auditor
- Must have a minimum of four years experience in accounting
- Mathematician
- Computational fluid dynamics
- Shortage in research capability
- Statistician
- Must have experience in the science industry
- Bayesian methods
- Advanced statistical modelling
- Quantitative risk management
- Shortage in research capability.
Industry contacts
Professional bodies and industry associations are a good source of information about the science and biotechnology industry in Victoria.
The following bodies represent sectors within the industry:
- Association of Superannuation Funds of Australia
- Australian Association of Permanent Building Societies
- Australian Bankers' Association
- Australian Custodial Services Association
- Australian Finance Conference
- Australian Financial Markets Association
- Australian Friendly Societies Association
- Australian Institute of Banking and Finance
- Australian Institute of Superannuation Trustees
- Australian Retirement Income Stream Association
- Conference of Major Superannuation Funds
- Credit Union Services Corporation
- Economic Society Of Australia (Victorian Branch)
- Financial Planning Association of Australia
- Financial Services Institute of Australasia
- Industry Funds Forum
- Institute of Actuaries of Australia
- Insurance Council of Australia
- International Banks and Securities Association of Australia
- Investment and Financial Services Association
- National Insurance Brokers Association of Australia
- Securities Institute
Tip
Not sure what your occupation is? Visit the Department of Immigration and Citizenship's Australian Skills Recognition Information portal.
Further information
Find out about Victorian Government visa sponsorhip.
Victoria
Migration tools
Last updated: 02 September 2009
State Government of Victoria