Financial and Insurance Services Enrolments 2014

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Financial and Insurance Services

2014

The Financial and Insurance Services industry is engaged in financial transactions involving the creation, liquidation, or change in ownership of financial assets, and/or in facilitating financial transactions.

In 2014, there were 2,757 enrolments in Financial and Insurance Services related courses. The highest proportion of enrolments were in the Diploma and Certificate IV qualification levels (75 per cent in total). The largest number of enrolments were in Diploma of Financial Planning (812 enrolments) and Certificate III in Financial Services (419 enrolments).

The following three tables outline Victorian vocational training activity in 2014:

Table 1: Vocational training in Financial and Insurance Services by qualification level (government subsidised),

2013 and 2014

Qualification level

Certificate I

Certificate II

Certificate III

Certificate IV

Diploma

Advanced Diploma

2013 enrolments

0

27

870

733

1,267

212

Total 3,109

Table 2: Vocational training in Financial and Insurance Services, top courses (government subsidised),

2013 and 2014

Course name

Diploma of Financial Planning

Certificate III in Financial Services

Advanced Diploma of Financial Planning

Certificate IV in Financial Services

Certificate IV in Banking Services

Diploma of Finance and Mortgage Broking Management

Certificate IV in Finance and Mortgage Broking

Certificate IV in General Insurance

Diploma of Financial Services

Certificate IV in Financial Services (Finance/Mortgage Broking)

Certificate IV in Credit Management

Certificate IV in Superannuation

Diploma of Personal Injury Management

Diploma of Banking Services Management

Advanced Diploma of Superannuation

Certificate IV in Personal Injury Management (Claims Management)

Diploma of Finance/Mortgage Broking Management

Diploma of Financial Services (Finance/Mortgage Broking Management)

Diploma of Financial Services (Financial Planning)

Advanced Diploma of Financial Services (Financial Planning)

2013 enrolments

<5

26

15

7

90

40

22

67

119

56

24

21

287

91

82

121

801

870

176

107

2014 enrolments

0

<5

419

857

1,208

272

2,757

2014 enrolments

21

20

14

12

144

28

23

23

12

9

<5

<5

210

184

173

151

812

419

254

237

Financial and Insurance Services

2014

Table 3: Vocational training in Financial and Insurance Services qualifications aligned to specialised or in shortage occupations (government subsidised), 2013 and 2014

Specialised or in shortage status

In Shortage or Specialised Qualifications

Other Accredited Industry-Specific Qualifications

Total

Please contact the Department of Education and Training with any questions or comments:

Lee-Anne Fisher, Director, Training Market Information and Analysis

 (03) 9651 4461 or

 fisher.lee-anne.h@edumail.vic.gov.au

2013 enrolments

55

3,054

3,109

2014 enrolments

0

2,757

2,757

Data source:

Department of Education and Training (DET), March 2015.

Data notes:

All figures are government subsidised enrolments, accredited (state or national) qualifications only (excludes foundation training).

Yearly data is based on preliminary data extracted from SVTS system as at 25 February 2015. Figures may be revised prior to the year-end submission to

National Centre for Vocational Education and Research (NCVER).

Industry classifications are defined by the Australian Bureau of Statistics’ Australian and New Zealand Standard Industrial Classifications (ANZSIC).

Where a qualification is considered relevant across more than one industry, enrolments have been proportionally allocated across most relevant industries using employment data as a guide.

Specialised occupations are defined by the Australian Workforce and Productivity Agency’s 2014 list of specialised occupations. Skills shortage occupations are informed by DET’s list of Victorian Skills Shortages 2014 .

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