Professional services

Victoria's professional services sector is internationally renowned for its engineering, design and financial services, with local firms recognised for delivering world class creative, scientific and technical solutions for global clients.

The sector plays a vital role in the Victorian economy, accounting for 18 per cent of Gross State Product, the largest contribution from any industry sector, and employs over 380,000 Victorians.

Professional services contributed $63 billion to the state's economy, including $2.8 billion in exports, in 2013-14.

In the same period this highly innovative sector invested over $1.6 billion in research and development activities.

To support the implementation of this sector strategy, the government established the $200 million Future Industries Fund, the $500 million Regional Jobs and Infrastructure Fund and the $500 million Premier's Jobs and Investment Fund.

Victoria's strengths

Victoria hosts the headquarters of:

  • Two of the big four banks.
  • Most of the largest health insurers.
  • Half of the top 12 industry superannuation funds.
  • One third of Australia's engineering workforce.

Sector strategy

Professional Services Sector Strategy - Business Victoria Future Industries page

Boston Consulting Group report

A snapshot of Victoria's Professional Services sector Professional Services - Fact Pack - Boston Consulting Group (PDF 738.12 KB)PDF icon compiled by the Boston Consulting Group.

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Page last updated: 13 December 2016