Sponsored by:
The accounting and finance industry covers a range
of sub-sectors and services, including auditing, share
broking, financial planning, investment advice, risk
management, taxation management and corporate
finance. The industry is closely related to the insurance
and the business management services industries, and
is integral to the success of the New Zealand economy.
New Zealand’s finance industry has grown moderately
over the last two to three years. In 2006*, there
were 64,128 people employed in the
combined finance and insurance
industries. Competition to attract and retain
clients has resulted in regular restructuring, mergers
and take-overs as companies struggle to gain a share of
the market. Many large companies are foreign-owned
and operate globally, and in the last 10 years some have
shut down their New Zealand offices and moved their
Australasian operations to Australia.
Major sectors
One of the largest areas of this industry is the
accounting sector. Many people working in this sector
are employed in business administration roles, such as
accounts payable and payroll. Most large companies
Many people working employ a team of accounts staff, while in small
in this sector are companies these duties are usually part of an office
employed in business administrator’s job.
administration roles,
There is a global shortage of experienced chartered
such as accounts payable
accountants and many New Zealand graduates head
and payroll. Most large
overseas for better pay and broader opportunities.
companies employ a team
Many large companies that recruit graduates now offer
of accounts staff, while
junior employees higher salaries and incentives to stay
in small companies these
in New Zealand.
duties are usually part of
an office administrator’s
* The most recently available data is from the 2006 Census
job.
accounting & finance/
taha putea
53
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