Accelerating demand for financial planners

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The Australian job market is crying out for financial planners and paraplanners, with demand up nearly 100% according to some reports.

Recruitment specialist eJobs noted 460 advertised roles for Sydney, Regional NSW and ACT in May, an 80% rise on last year, reports.

According to eJobs' report, Australia is also short on candidates. This is bad news for employers, but good news for candidates, who can command higher salaries for their much needed skills.

Most junior roles offer starting salaries of $40,000, while paraplanners with one or two years' experience can expect offers of around $55,000.

"Roles then continued all the way up to $100,000-plus, asking for varying years of experience and qualifications," the report said

At the higher end, salaries of $125,000-$150,000 were offered for candidates with PS 146 qualifications or a degree, while paraplanners with four years' experience and Certified Financial Planner (CFP) qualifications can reportedly attract salaries of $80,000-$100,000.