Credit Management jobs and Financial Planning jobs. This has produced quite a competitive employment environment in the banking and finance jobs sector, increasing competition for talent between the established players as well as new market entrants.
Finance and Banking Jobs in Perth are in DemandAlthough WA is generally associated with the resources sector, that is not the full story. Perth and Western Australia has a much broader labour market than just Mining jobs and construction jobs which are driven by WA’s dynamic resources industry.
Most companies in the banking and finance field are expecting growth in their industry for the next few years and this will drive a skills shortage. Areas expected to be in demand are Corporate Finance and Investment Banking jobs, Business Development jobs and Relationship Management jobs. As the economy continues to strengthen, long-dormant sectors such as Private Equity jobs and Mergers and Acquisitions jobs will increasingly become active again and result in the demand for more skilled professionals.
Most organisations were forced to review salary levels after the GFC as business expanded and competition increased for talent to fill the finance and banking jobs in Perth and WA. A large majority of banking companies capped bonuses in the investment banking sector, as globally large bonuses were seen very negatively by the community outside the banking industry. Banks and finance companies were forced to offer higher base salaries to offset the loss of bonuses. Perth and Western Australia are booming, but Sydney is Australia's largest financial centre by a long way with sixty-five percent of the Australian finance industry located there, including the Reserve Bank of Australia, theAustralian Stock Exchange and the Sydney Futures Exchange. Several international firms that have a presence in Perth, choose Sydney as their Asia Pacific base, so as your career progresses, be prepared for your career to take you to Sydney or even internationally to such places as New York, London and Hong Kong.
The Culture in Finance and Banking IndustryFor those of starting a career or wanting to progress through the ranks of finance and banking, you need to dress the part. Whether you are looking for banking administration jobs or a client services position, presentation is extremely important. For both men and women you will need to wear a suit and present yourself in a smart and professional manner.
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