Career Investigation Report on Labour Market Trends in Financial Service Industry

Running head: CAREER INVESTIGATION REPORT
General Workplace Practice
Career Investigation Report
Student’s name:
Name of the university:
Author’s note:

1CAREER INVESTIGATION REPORT
Table of Contents
1. Introduction.................................................................................................................................3
2. Research and analysis.................................................................................................................3
2.1 Labour Market trends in financial service industry...............................................................3
2.2 National and state employment trends...................................................................................4
2.3 Accounts and Financial service industry employment trends...............................................6
2.4 Career opportunities in Financial service industry and construction industry......................8
2.5 Intercultural challenges..........................................................................................................9
3. Recommendations and job seeking strategy..............................................................................10
4. Conclusion.................................................................................................................................11
Reference List................................................................................................................................12

2CAREER INVESTIGATION REPORT
Executive Summary
The purpose of the report is to analyse my career opportunities and the Australian labour market
trend. I am currently doing my Masters of Professional Accounting Advanced Degree Majoring
in Finance. I want to make my career in the financial service industry like financial services in
Australia are associated with banking, insurance, credit offices and financial institutions. This
report explains the state and national levels employment situations in Australia, from an overall
perspective and from the financial service industry perspective along with graph and table. The
limitation of the study is that it solely depends on the secondary data. Another limitation of the
study is that it depicts statistics only the financial service industry. In addition, the data sources
of the report are government websites, secondary data sources from internet and statistics
collected from the secondary sources. This report found out that Australian Labour market is
growing and financial services industry is expecting the growth of 3.2% by the end of 2023. In
addition, current growth of the financial services industry in Australia experiences a growth of
8.2% and the employees of this industry get a salary of AU$ 1400 per week. In the financial
services industry, the unemployment rate has been observed in the Northern Territory and in
Tasmania regions. Therefore, in this report, I have included SMART goals as a job-seeking plan
which would help me to enter the financial services industry at the proper time.

3CAREER INVESTIGATION REPORT
1. Introduction
The purpose of the report is to analyse the market trends and career opportunities in the
Australian Labour market. I am a postgraduate student in Masters of Professional Accounting
Advanced Degree Majoring in Finance; therefore I am looking for an opportunity to work in the
Accounting and Financial Service Sector. This report analyses the market trends of the Financial
Service industry and this report will also determine the current and future career prospects of this
particular industry. This report also researches on past, present and future market trend along
with employment and unemployment data from the relevant source of information to understand
the situation in Labour Market of Australia. Finally, this report provides the in-depth evaluation
of innovative job-seeking process to present the holistic approach of the career development.
At the beginning of the report, Labour Market trends of the financial service industry are
provided in recent time in Australia. In addition, national and state employment trends in all
industries are outlined along with career opportunities in the financial service industry. The
report is looked at the role of recruitment based agencies in Accounting and Financial Service
Industries. The cultural challenges of the future workplace are also described. in the final section,
a job-seeking plan is provided to assess the true value of the job search and overall career
development.
2. Research and analysis
2.1 Labour Market trends in the financial service industry
Labour market situation has been strengthened after June 2016 and the level of
employment in all sectors increased by almost 1.9% in Australia (Imip.gov.au 2018). The annual