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Accountant Average Salary in Sydney 2024

How much money does a person working as Accountant make in Sydney?


Average Yearly Salary
69,300 AUD
( 5,780 AUD monthly)

LOW
36,000
AUD
AVERAGE
69,300
AUD
HIGH
106,000
AUD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Accountant in Sydney typically earns around 69,300 AUD. Salaries range from 36,000 AUD (lowest) to 106,000 AUD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Accountant salaries in Sydney vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Accountant Pay Scale and Salaries in Sydney

Median and salary distribution Sydney Accountant yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
62,700 AUD or more
10% of people earn
55,900 to 62,700 AUD
20% of people earn
40,800 AUD or less
65% of people earn
40,800 to 55,900 AUD
Minimum Salary
36,000 AUD
Median
63,000 AUD
Maximum
106,000 AUD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Accountant in Sydney range from 36,000 AUD (starting salary) to 106,000 AUD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 63,000 AUD, half of the professionals who work as Accountant in Sydney earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accountant in Sydney earn less than 52,300 AUD, while 75% earn more. Similarly, the chart shows that 75% earn less than 71,500 AUD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accountant in Sydney compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 40,800 AUD to 55,900 AUD. About 20% of salaries are below the 40,800 AUD mark, while 10% fall within the range of 55,900 AUD to 62,700 AUD. Only 5% of individuals have salaries exceeding 62,700 AUD.

Salary Comparison by Years of Experience / Accountant / Sydney

How do experience and age affect pay?

0 - 2 Years
40,900 AUD
2 - 5 Years+34%
54,900 AUD
5 - 10 Years+30%
71,400 AUD
10 - 15 Years+21%
86,400 AUD
15 - 20 Years+9%
94,500 AUD
20+ Years+5%
99,400 AUD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Sydney Accountant
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Accountant and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 40,900 AUD.

While someone with an experience level between two and five years is expected to earn 54,900 AUD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 71,400 AUD, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 86,400 AUD, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 94,500 AUD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 99,400 AUD, 5% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Accountant / Sydney

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Accountant.

High School
49,300 AUD
Certificate or Diploma+14%
56,300 AUD
Bachelor's Degree+41%
79,400 AUD
Master's Degree+21%
96,200 AUD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Sydney Accountant
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accountant in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 49,300 AUD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 56,300 AUD, 14% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 79,400 AUD, 41% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 96,200 AUD, 21% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Australia costs anywhere from 38,000 AUD to 114,000 AUD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Accountant / Sydney

Salary comparison by gender Australia Accountant yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Accountant in Australia, the average difference between the salary of male and female employees is 4%.

Male
67,500 AUD
Female-4%
64,600 AUD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Australia for all Careers

Salary comparison by gender yearly Australia
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Average Annual Salary Increment Percentage / Accountant / Sydney

How much are annual salary increments in Sydney for individuals working as Accountant? How often do employees get salary raises?

Individuals working as Accountant in Australia are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Australia Accountant
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Australia / All Professions

Annual Salary Increment Rate Australia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Australia is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Accountant / Australia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Australia Accountant
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Accountant / Sydney


33 AUD per hour

The average hourly wage (pay per hour) for individuals working as Accountant in Sydney is 33 AUD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Accountant in Sydney is 17 AUD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner55,900 AUD-19%
Account Executive90,700 AUD+31%
Accountant69,300 AUD=
Accounting Analyst85,900 AUD+24%
Accounting Assistant53,500 AUD-23%
Accounting Associate53,100 AUD-23%
Accounting Clerk44,000 AUD-37%
Accounting Coordinator67,000 AUD-3%
Accounting Head144,000 AUD+110%
Accounting Manager160,000 AUD+130%
Accounting Officer56,500 AUD-18%
Accounting Specialist102,000 AUD+47%
Accounting Supervisor98,900 AUD+43%
Accounting Technician48,500 AUD-30%
Accounting Unit Controller128,000 AUD+85%
Accounts Executive97,000 AUD+40%
Accounts Officer58,300 AUD-16%
Accounts Payable and Receivable Specialist77,100 AUD+11%
Accounts Payable Assistant57,500 AUD-17%
Accounts Payable Associate66,300 AUD-4%
Accounts Payable Clerk55,300 AUD-20%
Accounts Payable Manager145,000 AUD+110%
Accounts Receivable Administrator109,000 AUD+57%
Accounts Receivable Clerk53,900 AUD-22%
Accounts Receivable Financial Analyst103,000 AUD+49%
Accounts Receivable Manager139,000 AUD+100%
Accounts Receivable Team Leader112,000 AUD+62%
Algorithmic Trading Specialist133,000 AUD+92%
Assistant Accountant53,400 AUD-23%
Assistant Accounting Manager136,000 AUD+96%
Assistant Auditor72,300 AUD+4%
Assistant Corporate Controller99,100 AUD+43%
Assistant Finance Manager144,000 AUD+110%
Assistant Financial Controller100,000 AUD+44%
Audit Director164,000 AUD+140%
Audit Supervisor135,000 AUD+95%
Auditing Clerk58,300 AUD-16%
Auditing Manager146,000 AUD+110%
Billing Clerk56,800 AUD-18%
Billing Coordinator67,000 AUD-3%
Billing Specialist74,800 AUD+8%
Billing Supervisor114,000 AUD+65%
Bookkeeper48,600 AUD-30%
Bookkeeping Specialist66,100 AUD-5%
Budget Analyst125,000 AUD+80%
Budget Manager148,000 AUD+110%
Business Support Analyst81,500 AUD+18%
Capital Markets Associate114,000 AUD+65%
Cash Flow Analyst107,000 AUD+54%
Cash Management Manager138,000 AUD+99%
Cash Management Officer79,300 AUD+14%
Cashbook Clerk48,500 AUD-30%
Chartered Accountant96,100 AUD+39%
Chief Accountant105,000 AUD+52%
Chief Financial Technology Officer148,000 AUD+110%
Collections Clerk42,700 AUD-38%
Collections Representative65,100 AUD-6%
Collections Specialist72,100 AUD+4%
Corporate Controller115,000 AUD+66%
Corporate Treasurer135,000 AUD+95%
Cost Accountant75,500 AUD+9%
Cost Accounting Manager139,000 AUD+100%
Cost Accounting Supervisor121,000 AUD+75%
Cost Analyst121,000 AUD+75%
Credit and Collection Manager144,000 AUD+110%
Credit and Collection Staff55,500 AUD-20%
Credit and Loans Officer54,300 AUD-22%
Credit Controller103,000 AUD+49%
Credit Manager154,000 AUD+120%
Debt Adviser117,000 AUD+69%
Debt Collector56,300 AUD-19%
Debtors Clerk49,300 AUD-29%
Debtors Controller56,500 AUD-18%
Deputy CFO192,000 AUD+180%
Deputy Head of Finance207,000 AUD+200%
Derivative Trader123,000 AUD+77%
Director of Finance206,000 AUD+200%
E-commerce Accountant74,700 AUD+8%
Economist171,000 AUD+150%
Equity Analyst134,000 AUD+93%
Escrow Assistant65,400 AUD-6%
Executive Accountant79,700 AUD+15%
External Auditor97,300 AUD+40%
Finance Administrator86,800 AUD+25%
Finance Analyst132,000 AUD+90%
Finance Associate63,900 AUD-8%
Finance Data Analyst123,000 AUD+77%
Finance Director214,000 AUD+210%
Finance Executive147,000 AUD+110%
Finance Licensing Clerk52,700 AUD-24%
Finance Licensing Manager138,000 AUD+99%
Finance Licensing Specialist77,000 AUD+11%
Finance Manager200,000 AUD+190%
Finance Officer68,800 AUD-1%
Finance President215,000 AUD+210%
Finance Relationship Manager168,000 AUD+140%
Finance Release Analyst84,700 AUD+22%
Finance Specialist117,000 AUD+69%
Finance Team Leader 168,000 AUD+140%
Financial Accountant75,900 AUD+10%
Financial Actuary113,000 AUD+63%
Financial Administrator124,000 AUD+79%
Financial Advisor126,000 AUD+82%
Financial Analyst129,000 AUD+86%
Financial Applications Specialist94,100 AUD+36%
Financial Assistant59,800 AUD-14%
Financial Associate72,500 AUD+5%
Financial Claims Analyst100,000 AUD+44%
Financial Claims Manager131,000 AUD+89%
Financial Claims Supervisor120,000 AUD+73%
Financial Clerk57,700 AUD-17%
Financial Commercial Analyst102,000 AUD+47%
Financial Compliance Analyst120,000 AUD+73%
Financial Compliance Officer119,000 AUD+72%
Financial Consultant101,000 AUD+46%
Financial Controller117,000 AUD+69%
Financial Coordinator65,800 AUD-5%
Financial Customer Service Manager134,000 AUD+93%
Financial Data Scientist138,000 AUD+99%
Financial Dealer and Broker78,300 AUD+13%
Financial Director223,000 AUD+220%
Financial Encoder64,600 AUD-7%
Financial Manager194,000 AUD+180%
Financial Modelling Analyst132,000 AUD+90%
Financial Operations Manager179,000 AUD+160%
Financial Policy Analyst114,000 AUD+65%
Financial Project Manager144,000 AUD+110%
Financial Quantitative Analyst128,000 AUD+85%
Financial Reporting Consultant109,000 AUD+57%
Financial Reporting Manager141,000 AUD+100%
Financial Section Head141,000 AUD+100%
Financial Services Manager194,000 AUD+180%
Financial Services Sales Agent80,300 AUD+16%
Financial Technology Consultant114,000 AUD+65%
Financial Wellness Coach146,000 AUD+110%
FinTech Analyst121,000 AUD+75%
Fixed Assets Administrator73,100 AUD+5%
Forensic Accountant84,600 AUD+22%
Fraud Detection Supervisor89,100 AUD+29%
Fraud Prevention Manager146,000 AUD+110%
Fund Accountant67,300 AUD-3%
Grants Coordinator54,700 AUD-21%
Green Finance Analyst111,000 AUD+60%
Group Financial Manager213,000 AUD+210%
Internal Auditor101,000 AUD+46%
Internal Control Adviser114,000 AUD+65%
Internal Control Officer62,100 AUD-10%
International Tax Director181,000 AUD+160%
Inventory Accountant75,000 AUD+8%
Investment Advisor186,000 AUD+170%
Investment Analyst150,000 AUD+120%
Investment Associate124,000 AUD+79%
Investment Broker126,000 AUD+82%
Investment Fund Manager163,000 AUD+140%
Investment Operations Manager165,000 AUD+140%
Investment Underwriter61,200 AUD-12%
Investor95,400 AUD+38%
Investor Relations Manager147,000 AUD+110%
KYC Team Leader135,000 AUD+95%
Loan Processor60,800 AUD-12%
Management Accountant83,100 AUD+20%
Management Economist170,000 AUD+150%
Paymaster57,300 AUD-17%
Payroll Administrator92,400 AUD+33%
Payroll Benefits Coordinator83,200 AUD+20%
Payroll Billing Manager136,000 AUD+96%
Payroll Clerk60,300 AUD-13%
Payroll Manager138,000 AUD+99%
Payroll Officer64,000 AUD-8%
Payroll Specialist75,500 AUD+9%
Payroll Supervisor95,000 AUD+37%
Pensions Administrator77,200 AUD+11%
Personal Financial Advisor106,000 AUD+53%
Pricing Analyst125,000 AUD+80%
Private Equity Analyst134,000 AUD+93%
Project Accountant74,300 AUD+7%
Proposal Development Coordinator64,800 AUD-6%
Quantitative Trader104,000 AUD+50%
Receivables Accountant67,400 AUD-3%
Regulatory Accountant78,000 AUD+13%
Retirement Plan Analyst115,000 AUD+66%
Revenue Management Specialist118,000 AUD+70%
Revenue Recognition Analyst130,000 AUD+88%
Risk Management Director170,000 AUD+150%
Risk Management Supervisor138,000 AUD+99%
Staff Accountant70,700 AUD+2%
Tax Accountant70,700 AUD+2%
Tax Administrator74,900 AUD+8%
Tax Advisor115,000 AUD+66%
Tax Analyst114,000 AUD+65%
Tax Associate62,700 AUD-10%
Tax Consultant117,000 AUD+69%
Tax Director168,000 AUD+140%
Tax Examiner77,300 AUD+12%
Tax Manager155,000 AUD+120%
Tax Research Manager153,000 AUD+120%
Teller44,200 AUD-36%
Treasury Accountant75,900 AUD+10%
Treasury Analyst119,000 AUD+72%
Underwriter48,900 AUD-29%
Underwriting Assistant50,100 AUD-28%
Vice President of Finance198,000 AUD+190%

Salary Comparison By City

CityAverage Salary
Melbourne67,900 AUD
Sydney69,300 AUD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Australia is 5% on average across all career fields.

Private Sector
89,000 AUD
Public Sector+5%
93,400 AUD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Accountant in Sydney?

A good and competitive compensation would range anywhere between 63,000 AUD and 71,500 AUD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Accountant in Sydney ranges from 36,000 AUD to 52,300 AUD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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