Financial Analyst Salary in Australia: How State and Award Differences Move Pay Off the National Line

Financial Analyst Salary: Where It Sits Against the National Line

If you are searching for a financial analyst salary in Australia, you will not find a single official figure published by the Australian Bureau of Statistics (ABS). The ABS does not break down earnings by occupation in its Average Weekly Earnings survey. Instead, the closest national benchmark is the full-time adult ordinary-time average of $2,083.70 per week – about $108,352 per year – from the May 2026 release. This is the line that Place a salary on the line uses to show how any given salary compares.

Financial analysts typically work in the finance, insurance, or professional services industries, which tend to pay above the all-industries average. The full-time median across all occupations is about $90,532 per year (ABS Employee Earnings, August 2025), and the all-employees median is about $74,100. A financial analyst’s salary is likely to be above both medians, but the exact amount depends on state, award coverage, and employer.

How State Averages Move the Figure

State full-time averages from the ABS May 2026 release show a wide spread:

Australian Capital Territory: $119,090
Western Australia: $115,825
New South Wales: $109,658
Victoria: $106,137
Queensland: $106,064
Northern Territory: $103,173
South Australia: $102,450
Tasmania: $96,008

A financial analyst based in Canberra or Perth is likely to earn more than one in Hobart or Adelaide, partly because of the mix of industries and employers in each state. For a deeper look at how your location compares, see States and territories.

Award Coverage and Minimum Rates

Many financial analysts are covered by the Professional Employees Award 2020 or the Banking, Finance and Insurance Award 2020, depending on their duties and employer. These awards set minimum hourly rates, overtime, and penalty rates. The Fair Work Commission’s Modern Awards Pay Database provides the latest minimum rates, updated after the Annual Wage Review. From 1 July 2026, award minimums rose by 4.75%, but most financial analysts are paid well above the award floor.

The national minimum wage from 1 July 2026 is $26.44 per hour, or $1,004.90 per week on a 38-hour week – about $52,255 per year. This is far below typical financial analyst pay, which often starts above $70,000 for graduates and can exceed $120,000 for experienced professionals.

Using the Site’s Tools

To see where a specific financial analyst salary sits against the national line, use the Place a salary on the line tool. Enter a yearly figure before tax, and the tool will show the weekly and hourly equivalents (based on a 38-hour week) and the distance from the $108,352 average. You can also explore Job medians and Industry medians for broader context.

Tax and Take-Home Pay

For the 2026–27 income year, Australian resident tax rates are:

Nil up to $18,200
15% from $18,201 to $45,000
30% from $45,001 to $135,000
37% from $135,001 to $190,000
45% above $190,000

Plus the Medicare levy of 2% (with possible reductions for low-income earners). A financial analyst earning $108,352 would pay about $25,288 in tax plus $2,167 Medicare levy, leaving a take-home of about $80,897. The Guides section has more on tax calculations.

Why the National Line Matters

The national full-time average is a useful reference point, but it is not a target. Financial analysts often earn above the line because their industry and state tend to pay more. The line is simply the average of all full-time adults, not a median or a minimum. Use it as a benchmark your own salary against it to see how your pay compares.

For more on how the figures are set, see How the figures are set.

Summary

No official financial analyst salary is published. The best proxy is the national full-time average is $108,352 per year. State averages range from $96,008 (Tasmania to $119,090 in ACT). Award minimums are low relative to typical financial analyst pay. Use the site’s tools to see where your salary sits against the line.

Financial Analyst Salary: Key Takeaways

**No specific ABS figure for financial analysts. Use the national full-time average as a benchmark.
State averages vary by state.
Award minimums rose 4.75% from July 2026.
Financial analysts typically earn above the all-employees median of $74,100.
The site’s line is $108,352 per year.

Questions

What is the average salary for a financial analyst in Australia?

The ABS does not provide a specific average for financial analysts. The closest benchmark is the national full-time adult ordinary-time average of $2,083.70 per week ($108,352 per year) from the May 2026 Average Weekly Earnings release. Many financial analysts earn above this average because the occupation is concentrated in higher-paying industries such as finance and insurance.

How does state location affect a financial analyst's salary?

State averages differ significantly. For example, the full-time average in the Australian Capital Territory is about $119,090, while in Tasmania it is about $96,008. A financial analyst working in a state with a higher overall average, such as Western Australia ($115,825) or New South Wales ($109,658), may earn more than one in a lower-average state. However, individual pay also depends on the employer, industry, and experience.

Which award covers financial analysts, and how does it set minimum pay?

Financial analysts may be covered by the Professional Employees Award 2020 or the Banking, Finance and Insurance Award 2020, depending on their role and employer. These awards set minimum rates, allowances, and penalty rates. From 1 July 2026, award minimums rose by 4.75%, but many financial analysts are paid above the award rate. The national minimum wage is $26.44 per hour ($52,255 per year on a 38-hour week), which is well below typical financial analyst pay.