How much money does a person working in Accounting and Finance make in Australia?
Average Yearly Salary
94,300 AUD
( 7,860 AUD monthly)
LOW
37,800
AUD
AVERAGE
94,300
AUD
HIGH
188,000
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 in Accounting and Finance in Australia typically earns around 94,300 AUD. Salaries range from 37,800 AUD (lowest average) to 188,000 AUD (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Australia exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Accounting and Finance | |
Account Examiner | 47,400 AUD |
Account Executive | 86,000 AUD |
Accountant | 66,100 AUD |
Accounting Analyst | 84,700 AUD |
|
Accounting Assistant | 52,400 AUD |
Accounting Associate | 47,100 AUD |
Accounting Clerk | 40,000 AUD |
Accounting Coordinator | 56,900 AUD |
Accounting Head | 136,000 AUD |
Accounting Manager | 135,000 AUD |
Accounting Officer | 46,900 AUD |
Accounting Specialist | 86,800 AUD |
Accounting Supervisor | 92,500 AUD |
Accounting Technician | 48,500 AUD |
Accounting Unit Controller | 106,000 AUD |
Accounts Executive | 80,200 AUD |
Accounts Officer | 50,900 AUD |
Accounts Payable and Receivable Specialist | 64,700 AUD |
Accounts Payable Assistant | 54,400 AUD |
Accounts Payable Associate | 60,400 AUD |
Accounts Payable Clerk | 47,900 AUD |
Accounts Payable Manager | 129,000 AUD |
Accounts Receivable Administrator | 94,600 AUD |
Accounts Receivable Clerk | 49,200 AUD |
Accounts Receivable Financial Analyst | 91,600 AUD |
Accounts Receivable Manager | 130,000 AUD |
Accounts Receivable Team Leader | 92,200 AUD |
Algorithmic Trading Specialist | 112,000 AUD |
Assistant Accountant | 52,500 AUD |
Assistant Accounting Manager | 123,000 AUD |
Assistant Auditor | 66,200 AUD |
Assistant Corporate Controller | 89,500 AUD |
Assistant Finance Manager | 144,000 AUD |
Assistant Financial Controller | 88,400 AUD |
Audit Director | 154,000 AUD |
Audit Supervisor | 118,000 AUD |
Auditing Clerk | 50,900 AUD |
Auditing Manager | 142,000 AUD |
Billing Clerk | 49,400 AUD |
Billing Coordinator | 59,700 AUD |
Billing Specialist | 72,300 AUD |
Billing Supervisor | 98,100 AUD |
Bookkeeper | 42,800 AUD |
Bookkeeping Specialist | 66,200 AUD |
Budget Analyst | 113,000 AUD |
Budget Manager | 137,000 AUD |
Business Support Analyst | 74,700 AUD |
Capital Markets Associate | 95,200 AUD |
Cash Flow Analyst | 102,000 AUD |
Cash Management Manager | 135,000 AUD |
Cash Management Officer | 79,500 AUD |
Cashbook Clerk | 45,700 AUD |
Chartered Accountant | 81,000 AUD |
Chief Accountant | 101,000 AUD |
Chief Financial Technology Officer | 140,000 AUD |
Collections Clerk | 42,600 AUD |
Collections Representative | 55,900 AUD |
Collections Specialist | 69,200 AUD |
Corporate Controller | 106,000 AUD |
Corporate Treasurer | 130,000 AUD |
Cost Accountant | 64,700 AUD |
Cost Accounting Manager | 136,000 AUD |
Cost Accounting Supervisor | 103,000 AUD |
Cost Analyst | 100,000 AUD |
Credit and Collection Manager | 133,000 AUD |
Credit and Collection Staff | 50,600 AUD |
Credit and Loans Officer | 46,100 AUD |
Credit Controller | 88,400 AUD |
Credit Manager | 135,000 AUD |
Debt Adviser | 113,000 AUD |
Debt Collector | 55,500 AUD |
Debtors Clerk | 46,400 AUD |
Debtors Controller | 46,900 AUD |
Deputy CFO | 188,000 AUD |
Deputy Head of Finance | 174,000 AUD |
Derivative Trader | 115,000 AUD |
Director of Finance | 203,000 AUD |
E-commerce Accountant | 69,600 AUD |
Economist | 153,000 AUD |
Equity Analyst | 112,000 AUD |
Escrow Assistant | 58,500 AUD |
Executive Accountant | 76,300 AUD |
External Auditor | 96,800 AUD |
Finance Administrator | 75,500 AUD |
Finance Analyst | 119,000 AUD |
Finance Associate | 57,000 AUD |
Finance Data Analyst | 102,000 AUD |
Finance Director | 196,000 AUD |
Finance Executive | 147,000 AUD |
Finance Licensing Clerk | 47,500 AUD |
Finance Licensing Manager | 127,000 AUD |
Finance Licensing Specialist | 73,100 AUD |
Finance Manager | 188,000 AUD |
Finance Officer | 63,700 AUD |
Finance President | 195,000 AUD |
Finance Relationship Manager | 153,000 AUD |
Finance Release Analyst | 74,600 AUD |
Finance Specialist | 113,000 AUD |
Finance Team Leader | 142,000 AUD |
Financial Accountant | 62,900 AUD |
Financial Actuary | 99,200 AUD |
Financial Administrator | 107,000 AUD |
Financial Advisor | 125,000 AUD |
Financial Analyst | 122,000 AUD |
Financial Applications Specialist | 80,100 AUD |
Financial Assistant | 52,300 AUD |
Financial Associate | 51,200 AUD |
Financial Associate | 60,400 AUD |
Financial Claims Analyst | 86,900 AUD |
Financial Claims Manager | 116,000 AUD |
Financial Claims Supervisor | 110,000 AUD |
Financial Clerk | 48,600 AUD |
Financial Commercial Analyst | 97,700 AUD |
Financial Compliance Analyst | 105,000 AUD |
Financial Compliance Officer | 101,000 AUD |
Financial Consultant | 85,000 AUD |
Financial Controller | 109,000 AUD |
Financial Controller | 105,000 AUD |
Financial Coordinator | 61,400 AUD |
Financial Customer Service Manager | 120,000 AUD |
Financial Data Scientist | 120,000 AUD |
Financial Dealer and Broker | 72,000 AUD |
Financial Director | 187,000 AUD |
Financial Encoder | 53,500 AUD |
Financial Manager | 193,000 AUD |
Financial Manager | 176,000 AUD |
Financial Modelling Analyst | 118,000 AUD |
Financial Operations Manager | 174,000 AUD |
Financial Policy Analyst | 101,000 AUD |
Financial Project Manager | 142,000 AUD |
Financial Quantitative Analyst | 111,000 AUD |
Financial Reporting Consultant | 92,000 AUD |
Financial Reporting Manager | 125,000 AUD |
Financial Section Head | 124,000 AUD |
Financial Services Manager | 161,000 AUD |
Financial Services Sales Agent | 73,000 AUD |
Financial Technology Consultant | 104,000 AUD |
Financial Wellness Coach | 138,000 AUD |
FinTech Analyst | 117,000 AUD |
Fixed Assets Administrator | 71,100 AUD |
Forensic Accountant | 77,400 AUD |
Fraud Detection Supervisor | 81,800 AUD |
Fraud Prevention Manager | 137,000 AUD |
Fund Accountant | 65,100 AUD |
Grants Coordinator | 48,500 AUD |
Green Finance Analyst | 99,600 AUD |
Group Financial Manager | 185,000 AUD |
Internal Auditor | 84,700 AUD |
Internal Control Adviser | 104,000 AUD |
Internal Control Officer | 58,600 AUD |
International Tax Director | 155,000 AUD |
Inventory Accountant | 69,400 AUD |
Investment Advisor | 185,000 AUD |
Investment Analyst | 125,000 AUD |
Investment Associate | 109,000 AUD |
Investment Broker | 108,000 AUD |
Investment Fund Manager | 147,000 AUD |
Investment Operations Manager | 145,000 AUD |
Investment Underwriter | 56,600 AUD |
Investor | 84,500 AUD |
Investor Relations Manager | 133,000 AUD |
KYC Team Leader | 132,000 AUD |
Loan Processor | 54,200 AUD |
Management Accountant | 71,800 AUD |
Management Economist | 154,000 AUD |
Paymaster | 54,600 AUD |
Payroll Administrator | 90,000 AUD |
Payroll Benefits Coordinator | 70,300 AUD |
Payroll Billing Manager | 118,000 AUD |
Payroll Clerk | 60,300 AUD |
Payroll Manager | 116,000 AUD |
Payroll Officer | 56,900 AUD |
Payroll Specialist | 68,900 AUD |
Payroll Supervisor | 82,000 AUD |
Pensions Administrator | 70,200 AUD |
Personal Financial Advisor | 99,800 AUD |
Pricing Analyst | 105,000 AUD |
Private Equity Analyst | 112,000 AUD |
Project Accountant | 72,800 AUD |
Proposal Development Coordinator | 58,900 AUD |
Quantitative Trader | 94,900 AUD |
Receivables Accountant | 60,800 AUD |
Regulatory Accountant | 73,600 AUD |
Retirement Plan Analyst | 106,000 AUD |
Revenue Management Specialist | 111,000 AUD |
Revenue Recognition Analyst | 126,000 AUD |
Risk Management Director | 163,000 AUD |
Risk Management Supervisor | 136,000 AUD |
Staff Accountant | 62,000 AUD |
Tax Accountant | 60,600 AUD |
Tax Administrator | 75,100 AUD |
Tax Advisor | 97,200 AUD |
Tax Analyst | 98,500 AUD |
Tax Associate | 55,200 AUD |
Tax Consultant | 104,000 AUD |
Tax Director | 153,000 AUD |
Tax Examiner | 70,000 AUD |
Tax Manager | 128,000 AUD |
Tax Research Manager | 130,000 AUD |
Teller | 38,400 AUD |
Treasury Accountant | 69,000 AUD |
Treasury Analyst | 111,000 AUD |
Underwriter | 48,200 AUD |
Underwriting Assistant | 41,500 AUD |
Vice President of Finance | 182,000 AUD |
Accounting and Finance Jobs Pay Scale and Salaries in Australia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/accounting-and-finance/median-and-salary-distribution-yearly-australia-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
99,800 AUD or more
10% of people earn
84,500 to 99,800 AUD
20% of people earn
50,800 AUD or less
65% of people earn
50,800 to 84,500 AUD
Minimum Salary 37,800 AUD |
Median 87,500 AUD |
Maximum 188,000 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 in Accounting and Finance in Australia range from 37,800 AUD (starting average salary) to 188,000 AUD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 87,500 AUD, implying that half of the workforce in Australia earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Australia earn less than 68,500 AUD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 106,000 AUD, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Australia. The analysis revealed that roughly 65% of all reported salaries fell within the range of 50,800 AUD to 84,500 AUD. Approximately 20% of salaries were below the 50,800 AUD mark, while 10% ranged from 84,500 AUD to 99,800 AUD. Only 5% of individuals earned a gross salary of 99,800 AUD or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.
Generally speaking, employees in Accounting and Finance in Australia having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?
We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Australia, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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.
Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / Australia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/accounting-and-finance/salary-comparison-by-gender-yearly-australia-accounting-and-finance.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Australia, the average difference between the salary of male and female employees is 5%.
Male | | 96,800 AUD |
Female | -5% | 92,300 AUD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Australia for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/salary-comparison-by-gender-yearly-australia.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Australia
How much are annual salary increments in Australia for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Australia are likely to observe a salary increase of approximately 10% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/accounting-and-finance/annual-salary-increment-rate-australia-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/annual-salary-increment-rate-australia.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Accounting and Finance / Australia
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/accounting-and-finance/annual-salary-bonus-rate-australia-accounting-and-finance.jpg
19% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 81% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
Received Bonus | | 81% |
No Bonus | | 19% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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.
Hourly Average Wage / Accounting and Finance / Australia
45 AUD
per hour The average hourly wage (pay per hour) in Accounting and Finance in Australia is 45 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 in Accounting and Finance in Australia is 18 AUD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
Adelaide | 104,000 AUD |
Brisbane | 108,000 AUD |
Canberra-Queanbeyan | 100,000 AUD |
Gold Coast-Tweed | 102,000 AUD |
Gosford | 92,200 AUD |
Melbourne | 110,000 AUD |
Newcastle | 98,000 AUD |
Perth | 106,000 AUD |
Sunshine Coast | 96,300 AUD |
Sydney | 112,000 AUD |
Wollongong | 94,100 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 in Accounting and Finance in Australia?
A good and competitive compensation would range anywhere between 87,500 AUD and 106,000 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 jobs in Accounting and Finance in Australia ranges from 37,800 AUD to 68,500 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