Will AI replace Financial Brokers in Australia?

Based on our analysis of official government data, Financial Brokers has an AI exposure score of 5.5/10. This occupation faces moderate AI impact, likely through augmentation rather than replacement.

What is the job outlook for Financial Brokers in Australia?

Financial Brokers currently employs 53,000 people in Australia. The projected 10-year employment growth is +12.6%. The current shortage status is: No Shortage.

How much do Financial Brokers earn in Australia?

The median weekly earnings for full-time Financial Brokers in Australia is $2,576.

ANZSCO 22215.5ModerateNo Shortage

Financial Brokers

Business, Human Resource and Marketing Professionals · Financial Brokers and Dealers, and Investment Advisers

AI exposure measures how much this occupation's tasks may change. It is not the probability that the job will disappear.

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Moderate Risk

Median Weekly Pay

$2,576

Full-time workers

Employment

53,000

Total workers

10yr Growth

+12.6%

Projected to 2035

Shortage Status

No Shortage

JSA Official AI Exposure

Automation47.0%

Augmentation75.0%

Key Tasks

•Monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
•Negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
•Determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients' requirements
•Analysing clients' financial status, discussing financial options and developing financial strategies
•Recommending loan combinations that meet clients' needs
•Interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
•Arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
•Preparing documents which set out the conditions of finance, repayments and loan periods
•Identifying and advising on significant risk changes to clients' insurance
•Broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers