In its January–March 2015 Quarterly Report, Hays reveals that the job outlook for financial advisers is positive, indicating greater demand than supply for financial planning roles.
“As banks continue to develop their wealth management teams, demand for financial planners and paraplanners remains buoyant,” said the report.
“Demand is so high that often candidates receive more than one offer.”
More broadly the report suggests that across the financial services sector, skill shortages are rife among job candidates, with strong employer demand for experienced professionals.
Candidates with “strong relationship building skills” are especially in demand as a number of companies and organisations lean towards offshore outsourcing for compliance work.
There are especially opportunities for senior female financial professionals, the report suggests, as the major banks aim to create more gender-diverse leadership teams.
“Positive momentum in the market is expected to continue in the first quarter of 2015 as companies look for further investment and the banks shape their front and back-office teams to match the level of work coming in,” the report states.
Banks churn their advisers like nothing else. They are always on the lookout for new planners. If you can’t sell enough product, they show you the door.