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Accounting and Finance Average Salaries in Australia 2024

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

Job TitleAverage Salary
Accounting and Finance
Account Examiner47,400 AUD
Account Executive86,000 AUD
Accountant66,100 AUD
Accounting Analyst84,700 AUD
Accounting Assistant52,400 AUD
Accounting Associate47,100 AUD
Accounting Clerk40,000 AUD
Accounting Coordinator56,900 AUD
Accounting Head136,000 AUD
Accounting Manager135,000 AUD
Accounting Officer46,900 AUD
Accounting Specialist86,800 AUD
Accounting Supervisor92,500 AUD
Accounting Technician48,500 AUD
Accounting Unit Controller106,000 AUD
Accounts Executive80,200 AUD
Accounts Officer50,900 AUD
Accounts Payable and Receivable Specialist64,700 AUD
Accounts Payable Assistant54,400 AUD
Accounts Payable Associate60,400 AUD
Accounts Payable Clerk47,900 AUD
Accounts Payable Manager129,000 AUD
Accounts Receivable Administrator94,600 AUD
Accounts Receivable Clerk49,200 AUD
Accounts Receivable Financial Analyst91,600 AUD
Accounts Receivable Manager130,000 AUD
Accounts Receivable Team Leader92,200 AUD
Algorithmic Trading Specialist112,000 AUD
Assistant Accountant52,500 AUD
Assistant Accounting Manager123,000 AUD
Assistant Auditor66,200 AUD
Assistant Corporate Controller89,500 AUD
Assistant Finance Manager144,000 AUD
Assistant Financial Controller88,400 AUD
Audit Director154,000 AUD
Audit Supervisor118,000 AUD
Auditing Clerk50,900 AUD
Auditing Manager142,000 AUD
Billing Clerk49,400 AUD
Billing Coordinator59,700 AUD
Billing Specialist72,300 AUD
Billing Supervisor98,100 AUD
Bookkeeper42,800 AUD
Bookkeeping Specialist66,200 AUD
Budget Analyst113,000 AUD
Budget Manager137,000 AUD
Business Support Analyst74,700 AUD
Capital Markets Associate95,200 AUD
Cash Flow Analyst102,000 AUD
Cash Management Manager135,000 AUD
Cash Management Officer79,500 AUD
Cashbook Clerk45,700 AUD
Chartered Accountant81,000 AUD
Chief Accountant101,000 AUD
Chief Financial Technology Officer140,000 AUD
Collections Clerk42,600 AUD
Collections Representative55,900 AUD
Collections Specialist69,200 AUD
Corporate Controller106,000 AUD
Corporate Treasurer130,000 AUD
Cost Accountant64,700 AUD
Cost Accounting Manager136,000 AUD
Cost Accounting Supervisor103,000 AUD
Cost Analyst100,000 AUD
Credit and Collection Manager133,000 AUD
Credit and Collection Staff50,600 AUD
Credit and Loans Officer46,100 AUD
Credit Controller88,400 AUD
Credit Manager135,000 AUD
Debt Adviser113,000 AUD
Debt Collector55,500 AUD
Debtors Clerk46,400 AUD
Debtors Controller46,900 AUD
Deputy CFO188,000 AUD
Deputy Head of Finance174,000 AUD
Derivative Trader115,000 AUD
Director of Finance203,000 AUD
E-commerce Accountant69,600 AUD
Economist153,000 AUD
Equity Analyst112,000 AUD
Escrow Assistant58,500 AUD
Executive Accountant76,300 AUD
External Auditor96,800 AUD
Finance Administrator75,500 AUD
Finance Analyst119,000 AUD
Finance Associate57,000 AUD
Finance Data Analyst102,000 AUD
Finance Director196,000 AUD
Finance Executive147,000 AUD
Finance Licensing Clerk47,500 AUD
Finance Licensing Manager127,000 AUD
Finance Licensing Specialist73,100 AUD
Finance Manager188,000 AUD
Finance Officer63,700 AUD
Finance President195,000 AUD
Finance Relationship Manager153,000 AUD
Finance Release Analyst74,600 AUD
Finance Specialist113,000 AUD
Finance Team Leader 142,000 AUD
Financial Accountant62,900 AUD
Financial Actuary99,200 AUD
Financial Administrator107,000 AUD
Financial Advisor125,000 AUD
Financial Analyst122,000 AUD
Financial Applications Specialist80,100 AUD
Financial Assistant52,300 AUD
Financial Associate51,200 AUD
Financial Associate60,400 AUD
Financial Claims Analyst86,900 AUD
Financial Claims Manager116,000 AUD
Financial Claims Supervisor110,000 AUD
Financial Clerk48,600 AUD
Financial Commercial Analyst97,700 AUD
Financial Compliance Analyst105,000 AUD
Financial Compliance Officer101,000 AUD
Financial Consultant85,000 AUD
Financial Controller105,000 AUD
Financial Controller109,000 AUD
Financial Coordinator61,400 AUD
Financial Customer Service Manager120,000 AUD
Financial Data Scientist120,000 AUD
Financial Dealer and Broker72,000 AUD
Financial Director187,000 AUD
Financial Encoder53,500 AUD
Financial Manager176,000 AUD
Financial Manager193,000 AUD
Financial Modelling Analyst118,000 AUD
Financial Operations Manager174,000 AUD
Financial Policy Analyst101,000 AUD
Financial Project Manager142,000 AUD
Financial Quantitative Analyst111,000 AUD
Financial Reporting Consultant92,000 AUD
Financial Reporting Manager125,000 AUD
Financial Section Head124,000 AUD
Financial Services Manager161,000 AUD
Financial Services Sales Agent73,000 AUD
Financial Technology Consultant104,000 AUD
Financial Wellness Coach138,000 AUD
FinTech Analyst117,000 AUD
Fixed Assets Administrator71,100 AUD
Forensic Accountant77,400 AUD
Fraud Detection Supervisor81,800 AUD
Fraud Prevention Manager137,000 AUD
Fund Accountant65,100 AUD
Grants Coordinator48,500 AUD
Green Finance Analyst99,600 AUD
Group Financial Manager185,000 AUD
Internal Auditor84,700 AUD
Internal Control Adviser104,000 AUD
Internal Control Officer58,600 AUD
International Tax Director155,000 AUD
Inventory Accountant69,400 AUD
Investment Advisor185,000 AUD
Investment Analyst125,000 AUD
Investment Associate109,000 AUD
Investment Broker108,000 AUD
Investment Fund Manager147,000 AUD
Investment Operations Manager145,000 AUD
Investment Underwriter56,600 AUD
Investor84,500 AUD
Investor Relations Manager133,000 AUD
KYC Team Leader132,000 AUD
Loan Processor54,200 AUD
Management Accountant71,800 AUD
Management Economist154,000 AUD
Paymaster54,600 AUD
Payroll Administrator90,000 AUD
Payroll Benefits Coordinator70,300 AUD
Payroll Billing Manager118,000 AUD
Payroll Clerk60,300 AUD
Payroll Manager116,000 AUD
Payroll Officer56,900 AUD
Payroll Specialist68,900 AUD
Payroll Supervisor82,000 AUD
Pensions Administrator70,200 AUD
Personal Financial Advisor99,800 AUD
Pricing Analyst105,000 AUD
Private Equity Analyst112,000 AUD
Project Accountant72,800 AUD
Proposal Development Coordinator58,900 AUD
Quantitative Trader94,900 AUD
Receivables Accountant60,800 AUD
Regulatory Accountant73,600 AUD
Retirement Plan Analyst106,000 AUD
Revenue Management Specialist111,000 AUD
Revenue Recognition Analyst126,000 AUD
Risk Management Director163,000 AUD
Risk Management Supervisor136,000 AUD
Staff Accountant62,000 AUD
Tax Accountant60,600 AUD
Tax Administrator75,100 AUD
Tax Advisor97,200 AUD
Tax Analyst98,500 AUD
Tax Associate55,200 AUD
Tax Consultant104,000 AUD
Tax Director153,000 AUD
Tax Examiner70,000 AUD
Tax Manager128,000 AUD
Tax Research Manager130,000 AUD
Teller38,400 AUD
Treasury Accountant69,000 AUD
Treasury Analyst111,000 AUD
Underwriter48,200 AUD
Underwriting Assistant41,500 AUD
Vice President of Finance182,000 AUD


Accounting and Finance Jobs Pay Scale and Salaries in Australia

Median and salary distribution Australia Accounting and Finance yearly
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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?

Salary Comparison By Experience Level
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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.

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.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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

Salary comparison by gender Australia Accounting and Finance 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? 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

Salary comparison by gender yearly Australia
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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.

Annual Salary Increment Rate Australia Accounting and Finance
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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 / Accounting and Finance / Australia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Australia Accounting and Finance
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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 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.

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

CityAverage Salary
Adelaide104,000 AUD
Brisbane108,000 AUD
Canberra-Queanbeyan100,000 AUD
Gold Coast-Tweed102,000 AUD
Gosford92,200 AUD
Melbourne110,000 AUD
Newcastle98,000 AUD
Perth106,000 AUD
Sunshine Coast96,300 AUD
Sydney112,000 AUD
Wollongong94,100 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


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