Unlocking Lucrative Opportunities: The Insider’s Guide to Finance Jobs in Australia in 2023

Finance is crucial to any business or organization. So finance jobs are in high demand worldwide. Australia is no exception, with a thriving finance industry offering numerous job opportunities to local and international professionals.
From accounting and financial analysis to investment banking and wealth management, finance jobs in Australia span various disciplines and industries. The country’s stable economy and robust regulatory framework make it an attractive destination for finance professionals looking to build their careers.
Whether you’re a recent graduate looking to kick-start your finance career or an experienced professional seeking new challenges, Australia’s finance industry has plenty to offer. In this article, we’ll look at some of the top finance jobs in Australia, the education and experience needed for these positions, and the state of the finance job market right now.
An Overview of Finance Jobs in Australia
Finance jobs in Australia are a crucial part of the country’s economy. Many finance jobs are available in Australia, from banking and investment to accounting and financial planning. The finance sector in Australia is known for its high salaries, job security, and potential for career growth.
One of the most popular finance jobs in Australia is accounting. Accountants are responsible for maintaining financial records, preparing tax returns, and following financial rules. Other popular finance jobs in Australia include financial analysts, investment bankers, and financial planners.
According to SEEK, as of March 2023, over 4,177 finance jobs are available in Australia. These jobs are spread across various industries, including banking, insurance, accounting, and investment management. In the upcoming years, there will likely be a continued high demand for finance professionals in Australia, with a particular emphasis on digital and data analytics skills.
Regarding salaries, finance jobs in Australia can be highly lucrative. According to Payscale, a financial controller can make over AUD 130,000 annually, while the average salary for a financial analyst in Australia is around AUD 75,000.
Salary varies based on location, experience, and qualifications.
Finance Job Market in Australia
Current State of Finance Job Market in Australia
The finance job market in Australia is quite robust, with various job opportunities available for finance professionals. SEEK says over 41,881 finance jobs are available in Australia, with new jobs added daily. Finance jobs are available in various industries, including banking, insurance, accounting, and financial planning.
LinkedIn reports over 18,000+ finance jobs in Australia, with 1,045 new jobs added recently. Australia’s most common finance jobs include Finance Manager, Investment Analyst, Graduate Investment Analyst, Accountant, and Financial Planning Analysis Manager.
Indeed.com also reports strong demand for finance professionals, with positions such as Auditor, Accountant, and Credit analyst available.
Future Outlook of the Finance Job Market in Australia
The future outlook for the finance job market in Australia is positive.
This growth is due to a combination of factors, including population growth, increased demand for financial services, and technological advancements in the industry.
To be competitive in the job market, job seekers must stay current with the newest trends and technologies, as the finance industry is constantly changing. It may include developing new skills in data analysis, risk management, and digital marketing.
The finance job market in Australia is strong and offers a range of opportunities for finance professionals. With the right skills and qualifications, job seekers should be able to find a rewarding career in this field.
Top Finance Jobs in Australia
Accountant
Accountants are one of the most in-demand finance professionals in Australia. In addition to producing financial statements and ensuring that tax laws and regulations are followed, they maintain financial records. According to Seek, the average salary for an Accountant in Australia is around $65,000 to $85,000 per annum.
Some critical skills required for this job include attention to detail, analytical thinking, and strong communication skills. Accountants can work in various finance, healthcare, and retail industries.
Financial Analyst
Financial analysts are in charge of examining financial data and offering insights to support business decision-making. They use economic models and forecasting techniques to identify trends and opportunities. According to Payscale, the average salary for a Financial Analyst in Australia is around $91,349 annually.
Some critical skills required for this job include strong analytical skills, attention to detail, and proficiency in financial modeling and data analysis software. Financial Analysts can work in various industries, such as banking, investment, and consulting.
Investment Banker
Investment bankers are in charge of offering clients financial services and advice. They help clients raise capital, buy or sell assets, and manage risks. According to Glassdoor, the average salary for an Investment Banker in Australia is around $120,000 annually.
Critical skills required for this job include strong analytical skills, communication skills, and the ability to work under pressure. Investment Bankers typically work in large investment banks or financial institutions.
Financial Manager
Financial Managers are responsible for overseeing the financial operations of an organization. They develop financial strategies, manage budgets, and ensure compliance with regulations. According to SEEK, the average salary for a Financial Manager in Australia is around $120,000 to $140,000 annually.
Essential skills required for this job include leadership skills, strategic thinking, and financial analysis. Financial Managers can work in various industries, such as healthcare, government, and manufacturing.
Auditor
Auditors are responsible for reviewing financial records and ensuring compliance with laws and regulations. They also provide recommendations for improving financial processes and controls. According to PayScale, the average salary for an Auditor in Australia is around $70,000 to $90,000 annually.
Some critical skills required for this job include attention to detail, analytical thinking, and strong communication skills. Auditors can work in various industries, such as accounting firms, government agencies, and non-profit organizations.
Skills and Qualifications Required for Finance Jobs in Australia
Education and Certification
It would help if you had a degree in a related subject like accounting, finance, economics, or business to work in finance in Australia. A bachelor’s degree is the minimum requirement for most entry-level jobs, but some employers may prefer a master’s degree or higher. In addition to formal education, certifications can also help advance your career.
Some of the most common certifications in the finance industry include Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and Certified Management Accountant (CMA). These certifications show potential employers that you are knowledgeable and capable of handling your position’s responsibilities.
Skills and Experience
In addition to education and certification, several vital skills and experiences can make you a strong candidate for finance jobs in Australia. Some of these include:
- Strong analytical and problem-solving skills
- Attention to detail and accuracy
- Excellent communication and interpersonal skills
- Ability to work well under pressure and meet deadlines
- Experience with financial analysis and reporting
- Knowledge of financial software and systems
- Experience with budgeting and forecasting
- Ability to function both independently and as a team
Employers may also look for specific experience in certain areas of finance, such as accounting, investment banking, or financial planning. Internships or entry-level positions can be a great way to gain experience and build your skills in these areas.
A combination of education, certification, relevant skills, and expertise can help you succeed in finance jobs in Australia.
Salary and Benefits of Finance Jobs in Australia
Finance jobs in Australia offer competitive salaries and benefits, making them an attractive career choice for many individuals. According to the Australia Salary Benchmark 2019, there has been a 21% increase in the number of finance and accounting jobs posted in the past year.
The average Finance Officer salary in Australia is approximately $65,000 to $80,000 per annum, depending on location, experience, and company size, with senior-level positions, such as Risk & Regulatory Senior Consultant – Financial Services, offering higher annual salaries.
Aside from competitive salaries, finance jobs in Australia also offer a range of benefits. These may include:
- Health insurance
- Paid time off and sick leave
- Retirement plans such as 401(k) or Superannuation
- Bonuses and profit-sharing
- Flexible work arrangements
- Career development opportunities
It is important to note that benefits may vary depending on the employer and position. Some companies may offer more comprehensive benefits packages than others.
Top Companies Hiring for Finance Jobs in Australia
If you are looking for a finance job in Australia, consider working for one of the top companies in the country. These companies offer competitive salaries, benefits, career growth, and development opportunities. Here are some of the leading companies in Australia that frequently hire for finance jobs:
- Commonwealth Bank of Australia
- Westpac Group
- National Australia Bank
- ANZ Banking Group
- Macquarie Group
One of the biggest banks in the nation is the Commonwealth Bank of Australia. It offers various finance jobs, including accounting, financial planning, and investment banking. Westpac Group is another major bank in Australia hiring for finance jobs, with opportunities in risk management, wealth management, and corporate finance. National Australia Bank and ANZ Banking Group are also major players in the finance industry in Australia, with a range of finance jobs available in areas such as corporate banking, treasury, and financial markets. Macquarie Group is a diversified financial services company that offers opportunities in areas such as asset management, leasing, and corporate advisory.
In addition to these top companies, many other companies in Australia are hiring for finance jobs. These include insurance companies, accounting firms, and investment management firms. With so many opportunities available, you are sure to find a finance job in Australia that suits your skills and interests.
Tips for Finding Finance Jobs in Australia
Here are some suggestions to assist you in finding the correct position if you’re looking for finance jobs in Australia:
- Networking: Networking is one of the most effective ways to find a job in finance. Attend industry events, join professional associations, and connect with people on LinkedIn. Building relationships with people in the field can lead to job opportunities.
- Job Posting Sites: Utilize job posting sites such as FTA Jobs Board, FinTech Australia, and eFinancialCareers. These sites are dedicated to financing job postings and can help you find relevant openings.
- Recruitment Agencies: Consider working with recruitment agencies that specialize in finance. These agencies have connections with employers and can help match you with job openings that fit your skills and experience.
- Company Websites: Check the websites of finance companies that interest you. Many companies post open positions on their websites.
- Professional Development: Invest in your professional development.
Additional certifications or degrees can make you a more competitive candidate for finance jobs.
Remember, finding a finance job in Australia may take time and effort. Keep an open mind and be persistent in your job search. With the right qualifications and approach, you can find a fulfilling career in finance.
FAQ
How much does a finance job pay in Australia?
The average annual salary for Financial Officer jobs in Australia ranges from $65,000 to $80,000.
What jobs can you get with a finance degree in Australia?
Some of the common jobs you can get with a finance degree in Australia are:
#1. Investment Banking Associate
#2. Financial Analyst
#3. Financial Planning Associate
#4. Tax Accountant
#5. Insurance Agent
#6. Credit Analyst
#7. Banking Specialist
What jobs can you get with a finance degree in Australia?
Some of the most in-demand jobs in Australia in 2023 are:
#1. Site Reliability Engineer.
#2. Sales Development Representative.
#3. Machine Learning Engineer.
#4. Technical Program Manager.
#5. Clinical Exercise Physiologist.
#6. Growth Specialist.
#7. Platform Engineer.
#8. Claims Adjuster.