Financial Investment gets a place on SOL ‘Skilled Occupation List’!

ASRI ‘Australian Skills Recognition Information’ has identified 222311 Financial Investment Adviser as a occupation on Australian economy that needs an urgent supply of manpower. This also comes as a positive news for the skilled immigrants who belong to a specialization of investment banking or financial investment.

Australian economy has for long remained confined to certain select centers of growth such as manufacturing or production. It is only now that the jobs are coming up from distinct areas such as finance. Going beyond the core sector growth ASRI has is now believed to have laid its focus on the financial services in Australia. The policy makers seem to now realize that offering a good infrastructure or advice on Financial planning should direct the money to more potentail areas of growth and get it appreciated. Earlier, the profitability remained a core concern at any business activity and every manager or owner was supposed to show a good score on trial balance. But the recent evolution of financial planning has led to a multidirectional flow of money. The money is now being directed, invested, explored and subjected to innovative new areas of growth.

At the same time the administrators do also realize that a new ideology or functioning be introduced to the financial planning. The emphasis should be on having skilled immigrants from different backdrops to make a value addition on existing methodologies. 222311 Financial Investment Adviser is only an outcome to this perception. ASRI defines a Financial Investment Adviser as one who visualizes areas of growth on financial planning. One who implements and develops financial plans, investment stratgies, taxation rules and guidelines on insurnace, pension plans, securities and investment.

ANZSCO ‘Australian and New Zealand Standard Classification of Occupations’ enlists certain criteria for the skilled immigrants while making an application:-

  • ANZSCO Skill Level 1
  • Bachelor degree or Higher education
  • 5 years of relevant experience at an organization of repute
  • A formal on-the-job training as addition to relevant skills

The skilled immigration program can be assessed with 3 of the visa progams in the form of:-

  • Regional Sponsored Migration Scheme (subclass 187)
  • Employer Nomination Scheme (subclass 186)
  • Standard Business Sponsorship (subclass 457)

Skillselect further evaluates the applications on the basis of age, academic qualification, professional expertise and adaptability. A points based assessment is done to make sure that the application gets a score more then 60 and accumulates enough score to remain on the higher end of the list.

For the position of a Financial Investment Advisor it gets beneficial to show a good relevant experience. Preferably an exposure on financial investment / Chartered Financial Analysts / Investment Banking and Merchant Banking should fetch you a good attention of an Australian employer and a State representative.

The economy of Australia has indeed show resilience and robustness to survive recession. Occupations like Financial Investment Adviser should make sure that it gets more competitive.

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