Financial Analyst salaries in Australia
As Australia's economy continues to grow, so does the demand for skilled and talented Financial Analysts such as yourself.
The average salary for a financial analyst in Australia is between $95,000 and $115,000. However, this figure can vary depending on experience, education, skills and turnover.
Financial analysts are responsible for assessing a company's financial performance and making recommendations on how to improve it. They may also be involved in creating financial models and forecasting future trends for an organisation. To be successful in this field, Financial Analysts need to have strong mathematical skills and understand complex financial data.
Due to the advanced skills, qualifications and expertise required in the role, a Financial Analyst's salary is relatively high in Australia.
How much does a Financial Analyst earn in Australia?
A Financial Analyst’s average salary in Australia ranges from $95,000 to $115,000 per annum depending on their level of expertise and years working in the field.
Other factors which play a part in determining a Financial Analyst salary include:
- The size of the company
- The geographical location
- Industry sector
- Level of education (high school diploma versus Bachelor's degree)
- Job type (contract, casual, part-time or full time)
- Previous roles and job title
You can compare Financial Analyst salaries between cities with the Hays Salary Guide.
What is the salary progression for a Financial Analyst in Australia?
There are many progression levels as a Financial Analyst which are reflected in increasing salary expectations and salary ranges. After a few years in the position, Financial Analysts may also move into management positions, increasing pay.
What is a Financial Analyst’s starting salary?
An entry-level Financial Analyst usually has a starting salary of between $80,000 and $85,000.
What is a Financial Analyst’s salary after 5 years?
After five years in the workforce, a Financial Analyst's median salary will generally have increased to between $105,000 and $115,000.
What is a Financial Analyst’s salary after 10 years?
After 10 years working as a Financial Analyst, you can expect to earn an annual salary of up to $145,000.
Australian businesses are increasingly recognising the value of Financial Analysts, and their role in providing financial advice and maintaining financial health and are therefore offering commensurate salaries.
Do Financial Analysts get paid well?
Yes, Financial Analysts are typically well-paid in Australia. You can confirm their salary using the Hays Salary Checker.
Financial Analysts are typically paid well due to the many technical skills they are required to have, such as:
- The ability to understand complex financial data
- Advanced mathematical skills
- Forecasting and financial modelling experience
- Application of complex software to perform and report financial analysis
Financial Analysts earning a high salary are also expected to have soft skills such as:
- Excellent communication skills
- Ability to influence and persuade others
- Creative thinking and problem-solving skills
- Take initiative and be proactive
Learn more about Financial Analyst jobs, a typical Financial Analyst job description or Financial Analyst skills requirements. Get in touch with us to identify opportunities now while the job market is hot.
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