Local workers - Qualifications - Financial and Insurance Services
In Cairns, the Financial and Insurance Services workforce has a lower proportion with tertiary qualifications compared to Queensland.
Qualification levels help to evaluate the economic opportunities and socio-economic status of local workers in a particular industry.
The level of qualifications in a workforce relate to a number of factors including:
- The age of the workforce;
- The skill and qualification level required to enter an industry;
- The professional or working ambitions of people (to seek education as youth or retraining as adults);
- The opportunities afforded to people to continue studying beyond compulsory schooling.
Australian Bureau of Statistics (ABS) – Census 2011 (experimental imputed) & 2016 – by place of work
Please note – The 2016 Census used a new methodology to “impute” a work location to people who didn’t state their workplace address. As a result, 2016 and 2011 place of work data are not normally comparable. To allow comparison between 2011 and 2016, .id has sourced a 2011 dataset from the ABS which was experimentally imputed using the same methodology. To provide this detail, Cairns in 2011 had to be constructed from a best fit of Work Destination Zones (DZNs). While it may not be an exact match to the LGA or region boundary, it is considered close enough to allow some comparison. Users should treat this time series data with caution, however, and not compare directly with 2011 data from any other source.
|Local workers qualifications|
|Cairns - Financial and Insurance Services||2016||2011||Change|
|Qualification level||Number||%||Queensland %||Number||%||Queensland %||2011 to 2016|
|Bachelor or Higher degree||225||20.9||33.0||207||17.5||27.5||+18||25001|
|Advanced Diploma or Diploma||230||21.4||18.3||218||18.4||15.9||+12||25002|
|Certificate I and II Level||11||1.0||1.2||18||1.5||1.7||-7||25005|
|Certificate III & IV Level||162||15.0||12.8||161||13.6||11.6||+1||25006|
|Certificate Level, nfd||29||2.7||2.3||14||1.2||2.1||+15||25007|
|Inadequately described or not stated||25||2.3||2.0||43||3.6||2.9||-18||25009|
Source: Australian Bureau of Statistics, Census of Population and Housing (opens a new window) 2011 and 2016. Compiled and presented by .id (opens a new window), the population experts.
Analysis of the qualifications of the Financial and Insurance Services in Cairns in 2016 compared to Queensland shows that there was a lower proportion holding formal qualifications (Bachelor or higher degree; Advanced Diploma or Diploma; or Vocational qualifications), and a higher proportion with no formal qualifications.
Overall, 46.0% of the Financial and Insurance Services held educational qualifications, and 36.7% had no qualifications, compared with 54.7% and 30.5% respectively for Queensland.
The major differences between the qualifications held by the Financial and Insurance Services workforce in Cairns and Queensland were:
- A larger percentage of local workers with No qualifications (36.7% compared to 30.5%)
- A larger percentage of local workers with Advanced Diploma or Diplomas (21.4% compared to 18.3%)
- A larger percentage of local workers with Certificate III & IV Levels (15.0% compared to 12.8%)
- A smaller percentage of local workers with Bachelor or Higher degrees (20.9% compared to 33.0%)
The largest changes in the qualifications held by the Financial and Insurance Services workforce in Cairns between 2011 and 2016 were:
- No qualifications (-129 local workers)
- Bachelor or Higher degrees (+18 local workers)
- Certificate Level, nfds (+15 local workers)
- Advanced Diploma or Diplomas (+12 local workers)