Difficulty of Securing TSS Sponsorship in Australian Banking

Getting a Temporary Skill Shortage (TSS) visa sponsorship in the banking profession from Australian companies can be challenging due to the following factors:

1. Skills in Demand

• Your role must align with the Medium and Long-term Strategic Skills List (MLTSSL) or Short-term Skilled Occupation List (STSOL). Banking roles like financial analysts or auditors have better chances if they are on these lists.

2. Employer Willingness

• Employers need to prove that no local talent is available for the position, which can deter smaller firms from sponsoring. Larger banks are more likely to offer sponsorship.

3. Industry Competition

• The banking sector attracts skilled professionals globally, increasing competition for sponsored roles.

4. Relevant Experience

• Employers typically prefer candidates with specialized skills and several years of experience relevant to the job.

5. Networking and Approach

• Opportunities are often found through networking, targeted job searches, and connecting with recruitment agencies familiar with sponsorship roles.

Conclusion

It is challenging but feasible with in-demand skills, significant experience, and proactive job hunting, especially targeting large financial institutions.