Bank Managers and Branch Managers
Overview
Snapshot
Summary
Bank Managers and Branch Managers manage the general operational activities of bank branches, building societies, credit unions or similar financial institutions.
Specialisations: Credit Union Manager.
Relevant work experience is needed to work as a Bank Manager or Branch Manager. Some workers also have formal qualifications. Vocational Education and Training (VET) and university are both common study pathways.
Tasks
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Plans, organises and co-ordinates budgeting, accounting and expenditure control systems.
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Plans and directs the collection of financial and accounting information and the preparation of budgets, reports and statutory returns.
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Presents budget proposals to governing body, advising on the most effective use of resources and financing of capital expenditure and interpreting implications for business performance and funding.
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Oversees operations of the institution often through subordinates.
Characteristics
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University
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Vocational Education and Training (VET)
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Informal or on-the-job
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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, Other Hospitality, Retail and Service Managers, under the outlook section.
Earnings and hours
Working arrangements
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Around 92% of people employed as Bank Managers and Branch Managers work full-time hours, in all their jobs combined. This is 26 percentage points above the all jobs average (66%).
Full-time workers work an average of 44 hours per week in their main job. This is the same as the all jobs average.
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 Bank Managers and Branch Managers work in the Financial and insurance services industry.
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 | Bank Managers and Branch Managers | All Jobs Average |
---|---|---|
NSW | 38.7 | 31.6 |
VIC | 24.8 | 25.6 |
QLD | 17.1 | 20.0 |
SA | 6.6 | 7.0 |
WA | 9.3 | 10.8 |
TAS | 1.8 | 2.0 |
NT | 0.7 | 1.0 |
ACT | 0.9 | 1.9 |
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Around 65% of Bank Managers and Branch Managers live in capital cities, compared with the all jobs average of 62%.
New South Wales has a large share of employment relative to its population size.
The regions with the largest share of workers are:
- Sydney - North Sydney and Hornsby
- Sydney - Inner South West
- Melbourne - Inner
- Melbourne - West
- Melbourne - South East.
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 Bank Managers and Branch Managers 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 55% of the workforce. This is 7 percentage points above 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 | Bank Managers and Branch Managers | All Jobs Average |
---|---|---|
15-19 | 0.1 | 5.0 |
20-24 | 2.3 | 9.3 |
25-34 | 25.2 | 22.9 |
35-44 | 29.6 | 22.0 |
45-54 | 29.0 | 21.6 |
55-59 | 8.5 | 9.0 |
60-64 | 3.8 | 6.0 |
65 and Over | 1.4 | 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
Relevant work experience is needed to work as a Bank Manager or Branch Manager. Some workers also have formal qualifications. Vocational Education and Training (VET) and university are both common study pathways.
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 Tourism, Travel and Hospitality and Retail Services VET training pathways.
Highest Level of Education (% Share)
Type of Qualification | Bank Managers and Branch Managers | All Jobs Average |
---|---|---|
Post Graduate/Graduate Diploma or Graduate Certificate | 10.9 | 10.1 |
Bachelor degree | 22.0 | 21.8 |
Advanced Diploma/Diploma | 17.4 | 11.6 |
Certificate III/IV | 11.6 | 21.1 |
Year 12 | 26.1 | 18.1 |
Year 11 | 4.9 | 4.8 |
Year 10 and below | 6.9 | 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 Hospitality, Retail and Service Managers who can communicate clearly in a team, provide good customer service and are well presented.
Skills
Skills can be improved through training or experience.
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64%
MonitoringKeeping track of how well work is progressing so you can make changes or improvements.
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57%
Active learningBeing able to use what you have learnt to solve problems now and again in the future.
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57%
Active listeningListening to others, not interrupting, and asking good questions.
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57%
Critical thinkingThinking about the pros and cons of different ways to solve a problem.
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57%
Judgment and decision makingFiguring out the pros and cons of different options and choosing the best one.
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57%
Management of personnel resourcesMotivating, developing, and directing people as they work, and choosing the best people for the job.
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57%
Reading comprehensionReading work related information.
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57%
Social perceptivenessUnderstanding why people react the way they do.
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57%
SpeakingTalking to others.
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57%
WritingWriting things for co-workers or customers.
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57%
Learning strategiesFiguring out the best way to teach or learn something new.
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57%
PersuasionTalking people into changing their minds or their behaviour.
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57%
Time managementManaging your own and other peoples' time to get work done.
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55%
Coordination with othersBeing adaptable and coordinating work with other people.
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55%
Serving othersLooking for ways to help people.
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55%
InstructingTeaching people how to do something.
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50%
Complex problem solvingNoticing a problem and figuring out the best way to solve it.
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50%
NegotiationBringing people together and trying to sort out their differences.
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48%
MathematicsUsing maths to solve problems.
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48%
Systems analysisFiguring out how a system should work and how changes in conditions, operations, and the environment will affect it.
Knowledge
These are important topics, subjects or knowledge areas.
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66%
Administration and managementBusiness principles involved in strategic planning, leadership, and coordinating people and resources.
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64%
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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60%
English languageEnglish language including the meaning and spelling of words, rules of composition, and grammar.
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59%
Customer and personal serviceUnderstanding customer needs, providing good quality service, and measuring customer satisfaction.
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52%
Sales and marketingShowing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.
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48%
Computers and electronicsCircuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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45%
Education and trainingCurriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
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45%
ClericalWord processing, managing files and records, stenography and transcription, designing forms, and other office work.
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45%
Law and governmentHow our laws and courts work. Government rules and regulations, and the political system.
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44%
Personnel and human resourcesRecruiting and training people, managing pay and other entitlements (like sick leave), and negotiating pay and conditions.
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42%
PsychologyHuman behaviour; differences in ability, personality, and interests; learning and motivation; research methods; assessing and treating disorders.
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37%
Communications and mediaMedia production, communication, and dissemination. Includes written, spoken, and visual media.
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26%
Sociology and anthropologyGroup behaviour and dynamics, societal trends and influences, human migrations, ethnicity, cultures and their history and origins.
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26%
Public safety and securityUse of equipment, rules and ideas to protect people, data, property, and institutions.
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17%
Production and processingRaw materials, production processes, quality control, costs, and ways of making and distributing goods.
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15%
TelecommunicationsTransmission, broadcasting, switching, control, and operation of telecommunications systems.
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12%
Building and constructionMaterials, and methods used to construct or repair houses, buildings, or other structures like highways and roads.
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12%
TransportationMoving people or goods by air, rail, sea, or road.
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10%
Therapy and counsellingDiagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and career counselling and guidance.
Abilities
Workers use these physical and mental abilities..
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64%
Oral comprehensionListen to and understand what people say.
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63%
Deductive reasoningUse general rules to find answers or solve problems logically.
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61%
Near visionSee details that are up-close (within a few feet).
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61%
Oral expressionCommunicate by speaking.
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59%
Written comprehensionRead and understand written information.
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59%
Written expressionWrite in a way that people can understand.
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59%
Working with numbersAdd, subtract, multiply, or divide.
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57%
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%
MathematicsChoose the right maths method or formula to solve a problem.
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55%
Speech recognitionIdentify and understand the speech of another person.
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55%
Sorting or orderingOrder or arrange things in a pattern or sequence (e.g., numbers, letters, words, pictures, mathematical operations).
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54%
Inductive reasoningUse lots of detailed information to come up with answers or make general rules.
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54%
Speech claritySpeak clearly so others can understand you.
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54%
OriginalityCome up with unusual or clever ideas, or creative ways to solve a problem.
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52%
BrainstormingCome up with a number of ideas about a topic, even if the ideas aren't very good.
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50%
CategorisingCome up with different ways of grouping things.
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43%
MemorizationRemember things like words, numbers, pictures, and procedures.
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43%
Perceptual speedUse your eyes to quickly compare groups of letters, numbers, pictures, or other things.
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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%
MultitaskingDo two or more things at the same time.
Activities
These are kinds of activities workers regularly do in this job.
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73%
Planning and prioritising workDeciding on goals and putting together a detailed plan to get the work done.
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72%
Building good relationshipsBuilding good working relationships and keeping them over time.
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72%
Coaching and developing othersWorking out the needs of others and coaching, mentoring, or helping them to improve.
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71%
Communicating within a teamGiving information to co-workers by telephone, in writing, or in person.
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68%
Making decisions and solving problemsUsing information to work out the best solution and solve problems.
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68%
Negotiating and resolving conflictsHandling complaints and disagreements, and negotiating with people.
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68%
Guiding and directing staffGuiding and directing staff, including setting and monitoring performance standards.
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68%
Working with computersUsing computers to program, write software, set up functions, enter data, or process information.
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68%
Coordinating the work of a teamGetting members of a group to work together to finish a task.
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67%
Keeping your knowledge up-to-dateKeeping up-to-date with technology and new ideas.
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66%
Influencing peopleConvincing people to buy something or to change their minds or actions.
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63%
Monitoring people, processes and thingsChecking objects, actions, or events, and keeping an eye out for problems.
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62%
Training and teaching othersUnderstanding the needs of others, developing training programs, and teaching or instructing.
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61%
Communicating with the publicGiving information to the public, business or government by telephone, in writing, or in person.
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61%
Making sense of information and ideasLooking at, working with, and understanding data or information.
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61%
Leading and encouraging a teamEncouraging and building trust, respect, and cooperation among team members.
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60%
Researching and investigatingLooking for, getting and understanding different kinds of information.
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60%
Giving expert adviceProviding guidance and expert advice to management or other groups.
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59%
Checking compliance with standardsDeciding whether events or processes comply with laws, regulations, or standards.
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57%
Assessing and evaluating thingsWorking out the value, importance, or quality of things, services or people.
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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71%
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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24%
AnalyticalIdeas and thinking. Searching for facts and figuring out problems in your head.
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24%
PracticalPractical, hands-on work. Often with plants and animals, or materials like wood, tools, and machinery.
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19%
CreativeWorking with forms, designs and patterns. Often need self-expression and can be done without following rules.
Values
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86%
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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86%
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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81%
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.
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76%
AchievementResults oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
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71%
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.
Demands
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100%
Electronic mailUse electronic mail.
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100%
TelephoneTalk on the telephone.
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100%
Face-to-face discussionsTalk with people face-to-face.
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94%
Indoors, heat controlledWork indoors with access to heating or cooling.
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94%
Contact with peopleHave contact with people by telephone, face-to-face, or any other way.
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93%
Being exact or accurateBe very exact or highly accurate.
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92%
Frequent decision makingFrequently make decisions that impact other people.
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89%
Responsible for outcomesTake responsibility for the results of other people's work.
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88%
Lead or coordinate a teamLead others to do work activities.
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85%
TeamworkWork with people in a group or team.
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84%
Contact with the publicWork with customers or the public.
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84%
Unstructured workHave freedom to decide on tasks, priorities, and goals.
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83%
Freedom to make decisionsHave freedom to make decision on your own.
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83%
Spend time sittingSpend time sitting at work.
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82%
Impact of decisionsMake decisions that have a large impact on other people.
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81%
Time pressureWork to strict deadlines.
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76%
CompetitionCompete with others, or be aware of competitive pressures.
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76%
Conflict situationsDeal with conflict or disagreements.
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74%
Repeating same tasksRepeat the same tasks or activities (e.g., key entry) over and over, without stopping.
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72%
Angry or unpleasant peopleDeal with unpleasant, angry, or rude people.
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, 11-3031.02 - Financial Managers, Branch or Department.
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.