Financial Manager Average Salary in Sydney 2024
How much money does a person working as Financial Manager make in Sydney?
LOW
102,000
AUD AVERAGE
195,000
AUD HIGH
299,000
AUD
A person working as Financial Manager in Sydney typically earns around 195,000 AUD. Salaries range from 102,000 AUD (lowest) to 299,000 AUD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Manager salaries in Sydney vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Manager Pay Scale and Salaries in Sydney
Salary Structure and Pay Scale Comparison
177,000 AUD or more
158,000 to 177,000 AUD
115,000 AUD or less
115,000 to 158,000 AUD
 102,000 AUD |
178,000 AUD |
299,000 AUD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Financial Manager in Sydney range from 102,000 AUD (starting salary) to 299,000 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 178,000 AUD, half of the professionals who work as Financial Manager 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 Financial Manager in Sydney earn less than 147,000 AUD, while 75% earn more. Similarly, the chart shows that 75% earn less than 202,000 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 Financial Manager in Sydney compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 115,000 AUD to 158,000 AUD. About 20% of salaries are below the 115,000 AUD mark, while 10% fall within the range of 158,000 AUD to 177,000 AUD. Only 5% of individuals have salaries exceeding 177,000 AUD.
Salary Comparison by Years of Experience / Financial Manager / Sydney
How do experience and age affect pay?
| 0 - 2 Years | 115,000 AUD | |
| 2 - 5 Years | +34% | 155,000 AUD |
| 5 - 10 Years | +30% | 201,000 AUD |
| 10 - 15 Years | +21% | 244,000 AUD |
| 15 - 20 Years | +9% | 266,000 AUD |
| 20+ Years | +5% | 280,000 AUD |
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 Financial Manager and this is what we found.
Employees with less than two years of experience earn approximately 115,000 AUD.
While someone with an experience level between two and five years is expected to earn 155,000 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 201,000 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 244,000 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 266,000 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 280,000 AUD, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Manager / Sydney
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Manager.
| Certificate or Diploma | 137,000 AUD | |
| Bachelor's Degree | +52% | 208,000 AUD |
| Master's Degree | +42% | 295,000 AUD |
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 Financial Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 137,000 AUD.
Level 2: Bachelor's Degree
At this level, the average salary becomes 208,000 AUD, 52% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 295,000 AUD, 42% 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 and Compensation Comparison By Gender / Financial Manager / Sydney
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 Financial Manager in Australia, the average difference between the salary of male and female employees is 5%.
| Male | 197,000 AUD | |
| Female | -4% | 188,000 AUD |
Salary Comparison By Gender in Australia for all Careers
Average Annual Salary Increment Percentage / Financial Manager / Sydney
How much are annual salary increments in Sydney for individuals working as Financial Manager? How often do employees get salary raises?
Individuals working as Financial Manager 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.
Australia / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Financial Manager / Australia
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/australia/accounting-and-finance/financial-manager/annual-salary-bonus-rate-australia-financial-manager.jpg
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 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: | Example: |
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.
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 / Financial Manager / Sydney
94 AUD per hourThe average hourly wage (pay per hour) for individuals working as Financial Manager in Sydney is 94 AUD.This is the rate they get paid for every worked hour.
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 Financial Manager in Sydney is 49 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 Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 55,900 AUD | -71% |
| Account Executive | 90,700 AUD | -54% |
| Accountant | 69,300 AUD | -65% |
| Accounting Analyst | 85,900 AUD | -56% |
| Accounting Assistant | 53,500 AUD | -73% |
| Accounting Associate | 53,100 AUD | -73% |
| Accounting Clerk | 44,000 AUD | -77% |
| Accounting Coordinator | 67,000 AUD | -66% |
| Accounting Head | 144,000 AUD | -26% |
| Accounting Manager | 160,000 AUD | -18% |
| Accounting Officer | 56,500 AUD | -71% |
| Accounting Specialist | 102,000 AUD | -48% |
| Accounting Supervisor | 98,900 AUD | -49% |
| Accounting Technician | 48,500 AUD | -75% |
| Accounting Unit Controller | 128,000 AUD | -34% |
| Accounts Executive | 97,000 AUD | -50% |
| Accounts Officer | 58,300 AUD | -70% |
| Accounts Payable and Receivable Specialist | 77,100 AUD | -61% |
| Accounts Payable Assistant | 57,500 AUD | -71% |
| Accounts Payable Associate | 66,300 AUD | -66% |
| Accounts Payable Clerk | 55,300 AUD | -72% |
| Accounts Payable Manager | 145,000 AUD | -26% |
| Accounts Receivable Administrator | 109,000 AUD | -44% |
| Accounts Receivable Clerk | 53,900 AUD | -72% |
| Accounts Receivable Financial Analyst | 103,000 AUD | -47% |
| Accounts Receivable Manager | 139,000 AUD | -29% |
| Accounts Receivable Team Leader | 112,000 AUD | -43% |
| Algorithmic Trading Specialist | 133,000 AUD | -32% |
| Assistant Accountant | 53,400 AUD | -73% |
| Assistant Accounting Manager | 136,000 AUD | -30% |
| Assistant Auditor | 72,300 AUD | -63% |
| Assistant Corporate Controller | 99,100 AUD | -49% |
| Assistant Finance Manager | 144,000 AUD | -26% |
| Assistant Financial Controller | 100,000 AUD | -49% |
| Audit Director | 164,000 AUD | -16% |
| Audit Supervisor | 135,000 AUD | -31% |
| Auditing Clerk | 58,300 AUD | -70% |
| Auditing Manager | 146,000 AUD | -25% |
| Billing Clerk | 56,800 AUD | -71% |
| Billing Coordinator | 67,000 AUD | -66% |
| Billing Specialist | 74,800 AUD | -62% |
| Billing Supervisor | 114,000 AUD | -42% |
| Bookkeeper | 48,600 AUD | -75% |
| Bookkeeping Specialist | 66,100 AUD | -66% |
| Budget Analyst | 125,000 AUD | -36% |
| Budget Manager | 148,000 AUD | -24% |
| Business Support Analyst | 81,500 AUD | -58% |
| Capital Markets Associate | 114,000 AUD | -42% |
| Cash Flow Analyst | 107,000 AUD | -45% |
| Cash Management Manager | 138,000 AUD | -29% |
| Cash Management Officer | 79,300 AUD | -59% |
| Cashbook Clerk | 48,500 AUD | -75% |
| Chartered Accountant | 96,100 AUD | -51% |
| Chief Accountant | 105,000 AUD | -46% |
| Chief Financial Technology Officer | 148,000 AUD | -24% |
| Collections Clerk | 42,700 AUD | -78% |
| Collections Representative | 65,100 AUD | -67% |
| Collections Specialist | 72,100 AUD | -63% |
| Corporate Controller | 115,000 AUD | -41% |
| Corporate Treasurer | 135,000 AUD | -31% |
| Cost Accountant | 75,500 AUD | -61% |
| Cost Accounting Manager | 139,000 AUD | -29% |
| Cost Accounting Supervisor | 121,000 AUD | -38% |
| Cost Analyst | 121,000 AUD | -38% |
| Credit and Collection Manager | 144,000 AUD | -26% |
| Credit and Collection Staff | 55,500 AUD | -72% |
| Credit and Loans Officer | 54,300 AUD | -72% |
| Credit Controller | 103,000 AUD | -47% |
| Credit Manager | 154,000 AUD | -21% |
| Debt Adviser | 117,000 AUD | -40% |
| Debt Collector | 56,300 AUD | -71% |
| Debtors Clerk | 49,300 AUD | -75% |
| Debtors Controller | 56,500 AUD | -71% |
| Deputy CFO | 192,000 AUD | -2% |
| Deputy Head of Finance | 207,000 AUD |  +6% |
| Derivative Trader | 123,000 AUD | -37% |
| Director of Finance | 206,000 AUD | +5% |
| E-commerce Accountant | 74,700 AUD | -62% |
| Economist | 171,000 AUD | -12% |
| Equity Analyst | 134,000 AUD | -31% |
| Escrow Assistant | 65,400 AUD | -67% |
| Executive Accountant | 79,700 AUD | -59% |
| External Auditor | 97,300 AUD | -50% |
| Finance Administrator | 86,800 AUD | -56% |
| Finance Analyst | 132,000 AUD | -32% |
| Finance Associate | 63,900 AUD | -67% |
| Finance Data Analyst | 123,000 AUD | -37% |
| Finance Director | 214,000 AUD | +10% |
| Finance Executive | 147,000 AUD | -25% |
| Finance Licensing Clerk | 52,700 AUD | -73% |
| Finance Licensing Manager | 138,000 AUD | -29% |
| Finance Licensing Specialist | 77,000 AUD | -61% |
| Finance Manager | 200,000 AUD | +2% |
| Finance Officer | 68,800 AUD | -65% |
| Finance President | 215,000 AUD | +10% |
| Finance Relationship Manager | 168,000 AUD | -14% |
| Finance Release Analyst | 84,700 AUD | -57% |
| Finance Specialist | 117,000 AUD | -40% |
| Finance Team Leader | 168,000 AUD | -14% |
| Financial Accountant | 75,900 AUD | -61% |
| Financial Actuary | 113,000 AUD | -42% |
| Financial Administrator | 124,000 AUD | -37% |
| Financial Advisor | 126,000 AUD | -36% |
| Financial Analyst | 129,000 AUD | -34% |
| Financial Applications Specialist | 94,100 AUD | -52% |
| Financial Assistant | 59,800 AUD | -69% |
| Financial Associate | 72,500 AUD | -63% |
| Financial Claims Analyst | 100,000 AUD | -49% |
| Financial Claims Manager | 131,000 AUD | -33% |
| Financial Claims Supervisor | 120,000 AUD | -39% |
| Financial Clerk | 57,700 AUD | -70% |
| Financial Commercial Analyst | 102,000 AUD | -48% |
| Financial Compliance Analyst | 120,000 AUD | -39% |
| Financial Compliance Officer | 119,000 AUD | -39% |
| Financial Consultant | 101,000 AUD | -48% |
| Financial Controller | 111,000 AUD | -43% |
| Financial Coordinator | 65,800 AUD | -66% |
| Financial Customer Service Manager | 134,000 AUD | -31% |
| Financial Data Scientist | 138,000 AUD | -29% |
| Financial Dealer and Broker | 78,300 AUD | -60% |
| Financial Director | 223,000 AUD | +14% |
| Financial Encoder | 64,600 AUD | -67% |
| Financial Manager | 195,000 AUD | -0% |
| Financial Modelling Analyst | 132,000 AUD | -32% |
| Financial Operations Manager | 179,000 AUD | -8% |
| Financial Policy Analyst | 114,000 AUD | -42% |
| Financial Project Manager | 144,000 AUD | -26% |
| Financial Quantitative Analyst | 128,000 AUD | -34% |
| Financial Reporting Consultant | 109,000 AUD | -44% |
| Financial Reporting Manager | 141,000 AUD | -28% |
| Financial Section Head | 141,000 AUD | -28% |
| Financial Services Manager | 194,000 AUD | -1% |
| Financial Services Sales Agent | 80,300 AUD | -59% |
| Financial Technology Consultant | 114,000 AUD | -42% |
| Financial Wellness Coach | 146,000 AUD | -25% |
| FinTech Analyst | 121,000 AUD | -38% |
| Fixed Assets Administrator | 73,100 AUD | -63% |
| Forensic Accountant | 84,600 AUD | -57% |
| Fraud Detection Supervisor | 89,100 AUD | -54% |
| Fraud Prevention Manager | 146,000 AUD | -25% |
| Fund Accountant | 67,300 AUD | -66% |
| Grants Coordinator | 54,700 AUD | -72% |
| Green Finance Analyst | 111,000 AUD | -43% |
| Group Financial Manager | 213,000 AUD | +9% |
| Internal Auditor | 101,000 AUD | -48% |
| Internal Control Adviser | 114,000 AUD | -42% |
| Internal Control Officer | 62,100 AUD | -68% |
| International Tax Director | 181,000 AUD | -7% |
| Inventory Accountant | 75,000 AUD | -62% |
| Investment Advisor | 186,000 AUD | -5% |
| Investment Analyst | 150,000 AUD | -23% |
| Investment Associate | 124,000 AUD | -37% |
| Investment Broker | 126,000 AUD | -36% |
| Investment Fund Manager | 163,000 AUD | -17% |
| Investment Operations Manager | 165,000 AUD | -16% |
| Investment Underwriter | 61,200 AUD | -69% |
| Investor | 95,400 AUD | -51% |
| Investor Relations Manager | 147,000 AUD | -25% |
| KYC Team Leader | 135,000 AUD | -31% |
| Loan Processor | 60,800 AUD | -69% |
| Management Accountant | 83,100 AUD | -57% |
| Management Economist | 170,000 AUD | -13% |
| Paymaster | 57,300 AUD | -71% |
| Payroll Administrator | 92,400 AUD | -53% |
| Payroll Benefits Coordinator | 83,200 AUD | -57% |
| Payroll Billing Manager | 136,000 AUD | -30% |
| Payroll Clerk | 60,300 AUD | -69% |
| Payroll Manager | 138,000 AUD | -29% |
| Payroll Officer | 64,000 AUD | -67% |
| Payroll Specialist | 75,500 AUD | -61% |
| Payroll Supervisor | 95,000 AUD | -51% |
| Pensions Administrator | 77,200 AUD | -60% |
| Personal Financial Advisor | 106,000 AUD | -46% |
| Pricing Analyst | 125,000 AUD | -36% |
| Private Equity Analyst | 134,000 AUD | -31% |
| Project Accountant | 74,300 AUD | -62% |
| Proposal Development Coordinator | 64,800 AUD | -67% |
| Quantitative Trader | 104,000 AUD | -47% |
| Receivables Accountant | 67,400 AUD | -66% |
| Regulatory Accountant | 78,000 AUD | -60% |
| Retirement Plan Analyst | 115,000 AUD | -41% |
| Revenue Management Specialist | 118,000 AUD | -40% |
| Revenue Recognition Analyst | 130,000 AUD | -33% |
| Risk Management Director | 170,000 AUD | -13% |
| Risk Management Supervisor | 138,000 AUD | -29% |
| Staff Accountant | 70,700 AUD | -64% |
| Tax Accountant | 70,700 AUD | -64% |
| Tax Administrator | 74,900 AUD | -62% |
| Tax Advisor | 115,000 AUD | -41% |
| Tax Analyst | 114,000 AUD | -42% |
| Tax Associate | 62,700 AUD | -68% |
| Tax Consultant | 117,000 AUD | -40% |
| Tax Director | 168,000 AUD | -14% |
| Tax Examiner | 77,300 AUD | -60% |
| Tax Manager | 155,000 AUD | -21% |
| Tax Research Manager | 153,000 AUD | -22% |
| Teller | 44,200 AUD | -77% |
| Treasury Accountant | 75,900 AUD | -61% |
| Treasury Analyst | 119,000 AUD | -39% |
| Underwriter | 48,900 AUD | -75% |
| Underwriting Assistant | 50,100 AUD | -74% |
| Vice President of Finance | 198,000 AUD | +1% |
Salary Comparison By City
| City | Average Salary |
| Melbourne | 193,000 AUD |
| Sydney | 195,000 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Manager in Sydney?
A good and competitive compensation would range anywhere between 178,000 AUD and 202,000 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 a careers like Financial Manager in Sydney ranges from 102,000 AUD to 147,000 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
