Other Financial Brokers
Overview
Snapshot
Summary
Other Financial Brokers includes jobs like Investment Broker.
Tasks
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Brokers complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers.
Characteristics
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University
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Vocational Education and Training (VET)
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Administrative
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Enterprising
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Sedentary
Outlook
JSA produces employment projections to show where likely future job opportunities may be. Employment projections data are only produced for occupations at the broad four digit Australian and New Zealand Standard Classification of Occupations (ANZSCO) level. While data are not available for this occupation, projections data are available for the parent occupation, Financial Brokers, under the outlook section.
Earnings and hours
Working arrangements
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Around 83% of people employed as Other Financial Brokers work full-time hours, in all their jobs combined. This is 17 percentage points above the all jobs average (66%).
Full-time workers work an average of 48 hours per week in their main job. This is 4 hours more than the all jobs average (44 hours per week).
Sources:Full-time share and full-time hours: ABS, 2016 Census, customised report. Compared to the all jobs average.
Industries
Main industries
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Most Other Financial Brokers work in the Rental, hiring and real estate services industry. They are also employed in industries like:
Source: Based on ABS Census 2016, Customised Report.
Regions
Employment across Australia
NSW
VIC
QLD
SA
WA
TAS
NT
ACT
Employment by State and Territory (% Share)
State | Other Financial Brokers | All Jobs Average |
---|---|---|
NSW | 49.2 | 31.6 |
VIC | 30.8 | 25.6 |
QLD | 13.7 | 20.0 |
SA | 1.8 | 7.0 |
WA | 3.7 | 10.8 |
TAS | 0.0 | 2.0 |
NT | 0.0 | 1.0 |
ACT | 0.8 | 1.9 |
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Around 84% of Other Financial Brokers live in capital cities, compared with the all jobs average of 62%.
New South Wales and Victoria have a large share of employment relative to their population size.
Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian states, territories and regions, in this job compared to the all jobs average.
Worker profile
Age and gender
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The median age of Other Financial Brokers is 42 years. This is similar to the all jobs average of 40 years.
A large share of workers are aged 35 to 44 years.
Females make up 40% of the workforce. This is 8 percentage points below the all jobs average of 48%.
Source: Based on ABS Census 2016, Customised Report. Age profile and gender share compared to the all jobs average.
Age Profile (% Share)
Age Bracket | Other Financial Brokers | All Jobs Average |
---|---|---|
15-19 | 0.0 | 5.0 |
20-24 | 3.5 | 9.3 |
25-34 | 23.6 | 22.9 |
35-44 | 30.6 | 22.0 |
45-54 | 26.8 | 21.6 |
55-59 | 8.6 | 9.0 |
60-64 | 2.7 | 6.0 |
65 and Over | 4.3 | 4.2 |
Median Age | 42 | 40 |
Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
Employment Pathways
Education, training and experience
A formal qualification in finance, commerce, accounting or another related field is usually needed to work as an Other Financial Broker. Vocational Education and Training (VET) and university are both common study pathways.
Registration or licencing may be required.
Visit
- Course Seeker to search and compare higher education courses.
- ComparED to compare undergraduate and postgraduate student experiences and outcomes.
- My Skills to compare Vocational Education and Training (VET) courses, providers and student outcomes.
- AAPathways website to explore Financial Services VET training pathways.
Highest Level of Education (% Share)
Type of Qualification | Other Financial Brokers | All Jobs Average |
---|---|---|
Post Graduate/Graduate Diploma or Graduate Certificate | 18.5 | 10.1 |
Bachelor degree | 36.7 | 21.8 |
Advanced Diploma/Diploma | 17.9 | 11.6 |
Certificate III/IV | 15.5 | 21.1 |
Year 12 | 9.4 | 18.1 |
Year 11 | 0.0 | 4.8 |
Year 10 and below | 2.1 | 12.5 |
Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
Skills and Knowledge
Employers look for Financial Brokers who provide good customer service and who have strong interpersonal skills.
Skills
Skills can be improved through training or experience.
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64%
Reading comprehensionReading work related information.
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63%
Active listeningListening to others, not interrupting, and asking good questions.
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63%
Critical thinkingThinking about the pros and cons of different ways to solve a problem.
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63%
PersuasionTalking people into changing their minds or their behaviour.
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61%
SpeakingTalking to others.
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59%
Judgment and decision makingFiguring out the pros and cons of different options and choosing the best one.
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59%
Active learningBeing able to use what you have learnt to solve problems now and again in the future.
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57%
WritingWriting things for co-workers or customers.
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55%
Systems analysisFiguring out how a system should work and how changes in conditions, operations, and the environment will affect it.
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54%
MonitoringKeeping track of how well work is progressing so you can make changes or improvements.
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54%
NegotiationBringing people together and trying to sort out their differences.
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52%
Complex problem solvingNoticing a problem and figuring out the best way to solve it.
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52%
Social perceptivenessUnderstanding why people react the way they do.
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50%
Serving othersLooking for ways to help people.
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50%
Systems evaluationMeasuring how well a system is working and how to improve it.
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48%
MathematicsUsing maths to solve problems.
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46%
Time managementManaging your own and other peoples' time to get work done.
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46%
Coordination with othersBeing adaptable and coordinating work with other people.
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45%
InstructingTeaching people how to do something.
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39%
Learning strategiesFiguring out the best way to teach or learn something new.
Knowledge
These are important topics, subjects or knowledge areas.
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71%
Customer and personal serviceUnderstanding customer needs, providing good quality service, and measuring customer satisfaction.
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63%
Computers and electronicsCircuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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62%
Sales and marketingShowing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.
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62%
Economics and accountingEconomics and accounting, the financial markets, banking and checking and reporting of financial data.
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61%
MathematicsArithmetic, algebra, geometry, calculus, or statistics.
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57%
Administration and managementBusiness principles involved in strategic planning, leadership, and coordinating people and resources.
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57%
English languageEnglish language including the meaning and spelling of words, rules of composition, and grammar.
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47%
ClericalWord processing, managing files and records, stenography and transcription, designing forms, and other office work.
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46%
Education and trainingCurriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
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44%
PsychologyHuman behaviour; differences in ability, personality, and interests; learning and motivation; research methods; assessing and treating disorders.
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43%
Law and governmentHow our laws and courts work. Government rules and regulations, and the political system.
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41%
Personnel and human resourcesRecruiting and training people, managing pay and other entitlements (like sick leave), and negotiating pay and conditions.
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38%
Communications and mediaMedia production, communication, and dissemination. Includes written, spoken, and visual media.
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29%
Sociology and anthropologyGroup behaviour and dynamics, societal trends and influences, human migrations, ethnicity, cultures and their history and origins.
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28%
History and archeologyEvents of the past, their causes, how we learn about them, and how they influence the way we live today.
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28%
TransportationMoving people or goods by air, rail, sea, or road.
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27%
Philosophy and theologyPhilosophical systems and religions, including their basic principles, values, ethics, ways of thinking, customs, practices, and impact on society.
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20%
TelecommunicationsTransmission, broadcasting, switching, control, and operation of telecommunications systems.
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18%
Engineering and technologyUse engineering, science and technology to design and produce goods and services.
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18%
Production and processingRaw materials, production processes, quality control, costs, and ways of making and distributing goods.
Abilities
Workers use these physical and mental abilities..
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66%
Deductive reasoningUse general rules to find answers or solve problems logically.
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66%
Oral expressionCommunicate by speaking.
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63%
Oral comprehensionListen to and understand what people say.
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63%
Written comprehensionRead and understand written information.
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61%
Problem spottingNotice when something is wrong or is likely to go wrong, even if you can't solve the problem.
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57%
Inductive reasoningUse lots of detailed information to come up with answers or make general rules.
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57%
Working with numbersAdd, subtract, multiply, or divide.
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55%
Near visionSee details that are up-close (within a few feet).
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55%
Speech recognitionIdentify and understand the speech of another person.
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55%
Written expressionWrite in a way that people can understand.
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55%
BrainstormingCome up with a number of ideas about a topic, even if the ideas aren't very good.
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54%
Speech claritySpeak clearly so others can understand you.
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54%
CategorisingCome up with different ways of grouping things.
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54%
MathematicsChoose the right maths method or formula to solve a problem.
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52%
Sorting or orderingOrder or arrange things in a pattern or sequence (e.g., numbers, letters, words, pictures, mathematical operations).
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46%
OriginalityCome up with unusual or clever ideas, or creative ways to solve a problem.
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41%
Flexibility of closureSee a pattern (a figure, object, word, or sound) hidden in other distracting material.
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41%
Selective attentionPay attention to something without being distracted.
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41%
Speed of recognitionQuickly make sense of and organize things you can see like letters, numbers, pictures, or other things.
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37%
Far visionSee details that are far away.
Activities
These are kinds of activities workers regularly do in this job.
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74%
Influencing peopleConvincing people to buy something or to change their minds or actions.
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74%
Planning and prioritising workDeciding on goals and putting together a detailed plan to get the work done.
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72%
Making sense of information and ideasLooking at, working with, and understanding data or information.
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72%
Building good relationshipsBuilding good working relationships and keeping them over time.
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68%
Keeping your knowledge up-to-dateKeeping up-to-date with technology and new ideas.
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67%
Making decisions and solving problemsUsing information to work out the best solution and solve problems.
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67%
Assessing and evaluating thingsWorking out the value, importance, or quality of things, services or people.
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67%
Collecting and organising informationCompiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.
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67%
Researching and investigatingLooking for, getting and understanding different kinds of information.
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66%
Checking compliance with standardsDeciding whether events or processes comply with laws, regulations, or standards.
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65%
Communicating with the publicGiving information to the public, business or government by telephone, in writing, or in person.
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61%
Negotiating and resolving conflictsHandling complaints and disagreements, and negotiating with people.
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60%
Communicating within a teamGiving information to co-workers by telephone, in writing, or in person.
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59%
Working with the publicGreeting or serving customers, clients or guests, and public speaking or performing.
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57%
Coming up with systems and processesDeciding on goals and figuring out what you need to do to achieve them.
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57%
Scheduling work and activitiesWorking out the timing of events, programs, and activities, as well as the work of others.
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56%
Explaining things to peopleHelping people to understand and use information.
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56%
Working with computersUsing computers to program, write software, set up functions, enter data, or process information.
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55%
Looking for changes over timeComparing objects, actions, or events. Looking for differences between them or changes over time.
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47%
Documenting or recording informationEntering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Interests and demands
Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.
Interests
Interests are the style or type of work we prefer to do. All interest areas are shown below.
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100%
EnterprisingStarting up and carrying out projects. Leading people and making many decisions. Sometimes require risk taking and often deal with business.
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81%
AdministrativeFollowing set procedures and routines. Working with numbers and details more than with ideas, usually following rules.
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48%
HelpingWorking with people. Helping or providing service to others.
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33%
AnalyticalIdeas and thinking. Searching for facts and figuring out problems in your head.
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19%
CreativeWorking with forms, designs and patterns. Often need self-expression and can be done without following rules.
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19%
PracticalPractical, hands-on work. Often with plants and animals, or materials like wood, tools, and machinery.
Values
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81%
AchievementResults oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
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81%
Working conditionsJob security and good working conditions. There is usually a steady flow of interesting work, and the pay and conditions are generally good.
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76%
IndependenceWork alone and make decisions. Workers are able to try out their own ideas, make decisions on their own, and work with little or no supervision.
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76%
RelationshipsServe and work with others. Workers usually get along well with each other, do things to help other people, and are rarely pressured to do things that go against their sense of right and wrong.
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71%
SupportSupportive management that stands behind employees. Workers are treated fairly by their company, they are supported by management, and have supervisors who train them well.
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62%
RecognitionAdvancement and the potential to lead. Workers are recognised for the work that they do, they may give directions and instructions to others, and they are looked up to in their company and their community.
Demands
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98%
Electronic mailUse electronic mail.
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97%
TelephoneTalk on the telephone.
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91%
Contact with peopleHave contact with people by telephone, face-to-face, or any other way.
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89%
Face-to-face discussionsTalk with people face-to-face.
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88%
Indoors, heat controlledWork indoors with access to heating or cooling.
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88%
Frequent decision makingFrequently make decisions that impact other people.
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87%
Freedom to make decisionsHave freedom to make decision on your own.
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87%
Unstructured workHave freedom to decide on tasks, priorities, and goals.
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86%
Impact of decisionsMake decisions that have a large impact on other people.
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85%
Being exact or accurateBe very exact or highly accurate.
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85%
Contact with the publicWork with customers or the public.
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84%
Spend time sittingSpend time sitting at work.
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78%
CompetitionCompete with others, or be aware of competitive pressures.
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75%
Time pressureWork to strict deadlines.
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68%
TeamworkWork with people in a group or team.
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68%
Letters and memosWrite letters and memos.
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67%
Consequence of errorWork where mistakes have serious consequences.
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56%
Responsible for outcomesTake responsibility for the results of other people's work.
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55%
Physically close to peopleWork physically close to other people.
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54%
Repeating same tasksRepeat the same tasks or activities (e.g., key entry) over and over, without stopping.
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 41-3031.01 - Sales Agents, Securities and Commodities.
Links and downloads
Research and reports
The Skills Priority List provides a current labour market rating and a future demand rating for nearly 800 occupations nationally. Current labour market ratings are available for occupations at a state and territory level.
Downloads
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Occupation profiles data are available for download.
The Employment Projections are available for download.