Hiring in the 1$ trillion Australian superannuation industry is stable but unspectacular, according to recruiters.

“Member education services and relationship mangers, who look after the employers, are in particular demand from both industry and retail funds,” says Andrew McKissock, manager, wealth management division, Porter Allen. RMs earn between $90k and $120k, he adds.

However, the large superannuation pool hasn’t generated a hiring boom for investment and fund managers, according to Luke Heath, chief executive, Chandler Heath Executive Recruitment.

“You have a critical mass of people and highly scalable teams. If you have a team of 20 covering sales, asset management and research, which is managing $4bn, you might only need to add one more person to manage an additional $6bn,” says Heath.

Heath adds that although the super sector is healthy, typically there are only a relatively small number of hires annually, unless a new boutique fund opens or there are some internal transfers and retirements.