Financial planning positions increase

With the increasing wealth in Australia comes an increase in demand for advice.

Citing data from an eJobs salary survey, MoneyManagement.com reported on 10th August that there had been an 80% increase in the number of jobs related to financial planning in Victoria and Tasmania, during the six months to July 2006.

Inequities in the demand and supply of qualified planners are serving to push up salaries in the industry - eJobs noted a number of opportunities offering salaries of $100,000 or more that did not require qualifications above a PS 146.

However, MoneyManagement.com said most financial planning jobs offered salaries in the $70,000 to $95,000 range, and were for degree qualified candidates with three to five years' industry experience.