Ask which is one of the hottest offshore skilled-migration occupations in Australia right now. Early childhood education, nursing, social work, IT? Actually, none of these — the industry most people in China are asking about right now may well be —finance occupations.

Many finance professionals in China — driven by high pressure, the “996” work culture, serious hair loss, and concerns about the future of the domestic finance sector — are racing to move abroad! And in Australia, the last financial year was in facta golden season for migration in the finance sector,and this financial year the various state nomination programmes are gearing up as well —Canberra’s state nomination, for instance, has already issued its first round of Matrix invitations, and offshore applicants can still be invited with relatively low scores — a positive sign!

Finance professionals, this one’s for you!

The first step in offshore skilled migration to Australia is tofirst choose a nominated occupation, and then complete the correspondingskills assessment.

The following finance occupations fall under theVETASSESS-Group Bcategory or theVETASSESS- Group Ccategory. To complete a skills assessment, you must meet the requirements of VETASSESS Group B or Group C:

VETASSESS Group B

Requirements

Qualification requirements:

Bachelor’s degree or above

Work requirements:

Ifyour field of study is highly relevant,, at leastone year of relevant post-qualification work experience within the past five years;

Ifyour field of study is not highly relevant but you holda diploma, advanced diploma, associate degree or postgraduate qualification in a related field,, you need, at leasttwo years of relevant post-qualification work experience within the past five years;
Ifyour field of study is not highly relevant and you hold no other related qualification, then you need, at leastthree years of relevant post-qualification work experience within the past five years.

VETASSESS Group C

Requirements

Qualification requirements:

Diploma or above

Work-experience requirements:

Ifyour field of study is highly relevant, at leastone year of relevant post-qualification work experience within the past five years;
Ifyour field of study is not highly relevant, then you need at leasttwo years of relevant post-qualification work experience within the past five years.

Common finance occupations

in Australian skilled migration

Common finance occupations on the skilled occupation lists:

VETASSESS skills assessment:

222112 Finance BrokerFinance Broker, generally referring to a mortgage intermediary

222113 Insurance BrokerInsurance Broker, generally referring to an insurance intermediary

222199 Financial Brokers nec, Financial Brokers nec

222211 Financial Market Dealer, Financial Market Dealer

222312 Financial Investment ManagerFinancial Investment Manager, generally referring to an investment-project manager

222311 Financial Investment AdvisorFinancial Investment Adviser, generally referring to an investment and financial adviser within a financial institution or bank

We’ll now go through each of them in detail!

Finance Broker

First, 222112 Finance Broker.

The duties of this occupation are tooperate as an independent agent in financial negotiations, arranging loans on behalf of clients. Registration or licensing is required. Specialisations include leasing broker and mortgage broker.

Finance Broker falls underVET Coccupations; see the requirements above for details. After completing the skills assessment and meeting Australia’s basic skilled-migration requirements, a Finance Broker can subsequentlyapply for NSW, VIC and SA Subclass 190 and 491 visas to migrate to Australia.

Insurance Broker

222113 Insurance Broker. The main duties of an Insurance Broker are tooperate as an independent agency selling life, fire, accident, industrial and a range of other insurance products on behalf of insurance companies.

Insurance Broker falls underVETASSESS Group C occupations; see the requirements above for details. After completing the skills assessment and meeting Australia’s basic skilled-migration requirements, you can subsequentlyapply for NSW, VIC and SA Subclass 190 and 491 visas.

Financial Brokers nec

222199 Financial Brokers nec. The main duties of these other financial brokers are, on behalf of clients, toconduct financial-market transactions.Financial Brokers nec covers financial brokers not elsewhere classified in ANZSCO.

Financial Brokers nec fall underVETASSESS Group B occupations; see the requirements above for details. After completing the skills assessment and meeting Australia’s basic skilled-migration requirements, you can subsequently apply forNSW, VIC and SA Subclass 190 and 491 visas.

Financial Market Dealer

222211. The main duties of a Financial Market Dealer are tobuy and sell securities in financial markets, and to trade and distribute financial securities on behalf of financial institutions.

Financial Market Dealer falls underVETASSESS Group B occupations; see the requirements above for details. After completing the skills assessment and meeting Australia’s basic skilled-migration requirements, you can subsequently apply forNSW, VIC and SA Subclass 190 and 491 visas.

Financial Investment Manager

222312 Financial Investment Manager. The main duties of a Financial Investment Manager are toinvest and manage substantial funds and assets on behalf of others over an agreed period, in order to generate income and profit. Registration or licensing is required.

Financial Investment Manager falls underVETASSESS Group B occupations; see the requirements above for details. After completing the skills assessment and meeting Australia’s basic skilled-migration requirements, you can subsequently apply forNSW, VIC, SA and Canberra Subclass 190 and 491 visas.NSW and VIC have both previously issued Subclass 190 invitations for this occupation.

Financial Investment Advisor

Financial Investment Adviser

222311 Financial Investment Adviser. The main duties of a Financial Investment Adviser are todevelop and implement financial plans for individuals and organisations, and to advise on investment strategies and their tax implications, securities, insurance, superannuation schemes and property. Registration or licensing is required.

Financial Investment Adviser falls underVETASSESS Group B occupations; see the requirements above for details. After completing the skills assessment and meeting Australia’s basic skilled-migration requirements, you cansubsequently apply for NSW, VIC, SA and Canberra Subclass 190 and 491 visas.This occupation has previously received invitations at 70+5 in both NSW and VIC!

Those are the more common Australian migration occupations in the finance sector. If you work in finance, don’t hesitate — get in touch with us today! After all, securing Australian permanent residency gives your future one more option!

Catch up on past articles

No English test + no points + no age limit — one-step permanent residency is still within reach!

No need to study abroad or juggle endless requirements — many overseas teaching roles can migrate directly to Australia too!

WA releases its 2023–24 state nomination policy! Construction-related occupations exempt from the job-offer requirement!

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Six Finance Professions That Can Migrate to Australia! Leasing / Lending, Insurance Brokers, Bank Investment & Financial Advisers — What Pathways Are Open, and How Easy Is It to Be Invited?

No English test + no points + no age limit — one-step permanent residency is still within reach!

No need to study abroad or juggle endless requirements — many overseas teaching roles can migrate directly to Australia too!

WA releases its 2023–24 state nomination policy! Construction-related occupations exempt from the job-offer requirement!

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