How to become a Financial Dealer and Broker

Financial dealers and brokers conduct financial market transactions on behalf of clients and offer advice on financial matters.

Personal requirements of a Financial Dealer and Broker

  • Good communication and relationship-building skills
  • Able to make calculations quickly and accurately
  • Aptitude for using computers
  • Able to work independently
  • Able to work under pressure
  • Aptitude for research
  • Analytical and planning skills
  • Interested in the financial market

Education & Training for a Financial Dealer and Broker

To become a financial dealer and broker you usually have to complete a degree in commerce, accounting, finance, economics or actuarial studies at university. Entry to this occupation may be improved if you have a double degree (possibly combining a relevant field with law). To get into these courses you usually need to gain your Senior Secondary Certificate of Education. Prerequisite subjects, or assumed knowledge, in one or more of English and mathematics are normally required. Universities have different prerequisites and some have flexible entry requirements or offer external study. Contact the institutions you are interested in for more information.

Additional Information

Depending on the specific role, a postgraduate qualification may be required. You may also need to be licensed or registered in order to work in this field. In order to be licensed, you must meet the training requirements administered by the Australian Securities and Investments Commission (ASIC). Details can be found on the ASIC website ( You may also be required to become a member of a particular professional association. Contact the Australian Financial Markets Association or the Financial Services Institute of Australasia (Finsia) for further information.

Duties & Tasks of a Financial Dealer and Broker

Financial dealers and brokers:

  • obtain information on securities, market conditions, government regulations and the financial circumstances of clients
  • deal in the marketplace on behalf of clients
  • record and give 'buy' and 'sell' orders
  • calculate and record transaction costs
  • develop lists of appropriate investments for clients
  • plan buying and selling activities.

Employment Opportunities for a Financial Dealer and Broker

Entry to this career is competitive. Firms usually recruit applicants who can demonstrate a strong academic background. It takes some time to gain the experience required for advancement, and many firms demand specialised qualifications or relevant experience. Financial dealers and brokers work in stockbroking firms, financial planning organisations, banks, building societies, accounting and law practices and other organisations within the finance and investment sector. While there is an increasing demand throughout the country for financial services, banks and other financial institutions are increasingly focusing their dealer functions in their head offices in Brisbane, Sydney and Melbourne.


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Avg. weekly wage:


Future growth:


Employment by state:

ACT 0.8%

NSW 51.8%

NT 0%

QLD 11.9%

SA 3.4%

TAS 0.3%

VIC 23%

WA 8.6%

Hours worked:



Lower unemployment

Gender split:

Male 85%

Female 15%

Education level:

Not completed Year 12: 5.6%

Highest qualification is secondary school: 10.8%

Highest qualification is a Certificate 3 or 4: 3.3%

Highest qualification is a Diploma or Advanced Diploma: 9.6%

Highest qualification is a Bachelor degree: 51.5%

Highest qualification is a Postgraduate Diploma or Graduate Certificate: 21.3%

Age brackets:

15-19 - 0.1%

20-24 - 6.1%

25-34 - 26.8%

35-44 - 22.6%

45-54 - 19.5%

55-59 - 8.2%

60-64 - 7.1%

65 and Over - 9.5%

*The data above is sourced from the Department of Employment’s Job Outlook website.

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