Typical adviser is male, under 35, Londoner who works full time – Census

equality

The typical insurance broker or financial adviser is male, aged between 25 and 34, works full time and lives in London, according to Office for National Statistics (ONS) analysis.

The ONS drew on data from the 2021 Census of England and Wales to produce its How many people do my job? analysis.

The data reveals that as of March 2021 there were 40,925 brokers and 184,980 finance and investment analysts and advisers in England and Wales.

The largest age group of people in broker roles were aged between 30 and 34, while the largest age group among analysts and advisers were between 25 and 29.

Three quarters (75.9%) of brokers were male, with 24.1% female. This compared with four in 10 (60.2%) of analysts and advisers who were male and 39.8% female.

The largest number of male brokers were aged between 30 and 34, while for women the largest age group was 25 to 29 years.

The largest number of both male and female analysts and advisers were aged between 25 and 29.

Just 5% of brokers were disabled compared with 6% of analysts and advisers.

Brokers were more likely to work full time (89.4%) than part time (10.6%) and more likely to be an employee (78.8%) than self employed (21.2%).

The same was true of analysts and advisers, with 87.7% working full time and 12.3% part time. They were also more likely to be an employee (84%) than self employed (16%).

Both brokers and analysts and advisers were more likely to live in London.

 

Insurance underwriters

However, there was a more even gender split among insurance underwriters, more of them were disabled, almost all were employed and they were more likely to call the South East of England home than the capital.

According to the data, there were 29,945 insurance underwriters in England and Wales as of March 2021.

The largest age group of people in these roles were aged between 30 and 34.

However, in this profession women just took the lead with 50.1% of the workforce being female, compared with 49.9% being men.

The largest number of both men and women engaged in these roles were aged between 30 and 34.

Just 6.8% of this group were disabled.

Insurance underwriters were more likely to work full time (87.6%) than part time (12.4%) and far more likely to be an employee (99%) than self employed (1%).

The highest percentage of people working in these roles lived in the South East of England.

 

Exit mobile version