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Financial Analyst Salary in Melbourne

Finance

Financial analysts evaluate investment opportunities and provide financial guidance.

Average Salary
$105,000
per year
Take-Home Pay
$79,562
after tax (no HECS)
Salary Range
$74-158k
$105K
$74K$158K

Job Market Outlook

High AI Risk

Knowledge work with significant AI applicability

Balanced

Job supply roughly matches candidate availability

+8% growth

Moderate projected employment growth over 5 years

Sources: Microsoft Research 2025, Jobs and Skills Australia 2025 Occupation Shortage List

Financial Analyst Take-Home Pay Breakdown in Melbourne

Based on the average Financial Analyst salary of $105,000 in Melbourne, here's what you can expect to take home after tax, Medicare levy, and superannuation.

ComponentWithout HECSWith HECS
Gross Salary$105,000$105,000
Income Tax-$22,288-$22,288
Medicare Levy (2%)-$2,100-$2,100
HELP/HECS Repayment$0-$4,200
Superannuation (11%)+$11,550+$11,550
Annual Take-Home$79,562$75,362
Monthly Take-Home$6,630$6,280
Fortnightly Take-Home$3,060$2,899

Calculate Your Exact Take-Home Pay

Enter your actual salary to see a personalized breakdown including your specific tax situation, HECS debt, and family status.

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Your salary
$105,000
Take-home$79,562
Tax-$22,288
Super+$11,550

How to Become a Financial Analyst

Everything you need to know about breaking into a career as a Financial Analyst in Victoria.

Qualifications Required

Essential Requirements
  • Bachelor's degree in Finance, Accounting, Economics, or related field
  • Strong Excel and financial modeling skills
  • Analytical and quantitative abilities
Preferred Qualifications
  • Master's degree (MBA or Master of Finance)
  • CFA candidacy or qualification
  • Experience in investment banking or corporate finance
Relevant Certifications
CFA (Chartered Financial Analyst)CA or CPA qualificationFinancial modeling certifications (FMVA)

Career Progression

Salary Growth Trajectory
$74KEntry$105KMid$137KSenior$168KLead
Entry Level

Junior Analyst

$73,500
estimated in Melbourne
0-2 years
Mid Level

Financial Analyst

$105,000
estimated in Melbourne
2-5 years
Senior Level

Senior Financial Analyst

$136,500
estimated in Melbourne
5-8 years
Leadership

Finance Manager / Director

$168,000
estimated in Melbourne
8+ years

Skills in Demand

Financial modelingData analysis (Python, SQL)Valuation techniquesPower BI and visualizationESG and sustainability analysis

Tips for Breaking In

  1. 1Start CFA program early in career
  2. 2Investment banking provides excellent training but long hours
  3. 3Corporate finance offers better work-life balance
  4. 4Develop industry specialization for career advancement
  5. 5Build technical skills alongside financial knowledge

Career information is general guidance based on industry standards. Requirements may vary by employer and location.

Financial Analyst Hourly Rate in Melbourne

Based on a standard 38-hour work week (Australian full-time hours):

Entry Level
$37/hr
Average
$53/hr
Senior
$80/hr

Frequently Asked Questions

How much does a Financial Analyst earn in Melbourne?

The average Financial Analyst salary in Melbourne is $105,000 per year, or approximately $53 per hour. Salaries range from $73,500 to $157,500 depending on experience.

What is the take-home pay for a Financial Analyst in Melbourne?

A Financial Analyst earning $105,000 in Melbourne takes home approximately $79,562 per year after tax, or $6,630 per month. With a HECS debt, take-home drops to $75,362 per year.

How much do Financial Analysts make per hour in Melbourne?

Financial Analysts in Melbourne earn approximately $53 per hour on average, based on a 38-hour work week. Entry-level rates start around $37/hour, while senior professionals can earn up to $80/hour.

Is Melbourne a good place to work as a Financial Analyst?

Melbourne offers Financial Analyst salaries among the highest in Australia at $105,000. The city has a cost of living index of 95 (Sydney = 100), meaning living costs are lower than Sydney.

About Financial Analyst Salaries in Melbourne

The average Financial Analyst in Melbourne, Victoria earns $105,000 per year, or approximately $53 per hour. Salaries typically range from $73,500 for entry-level positions to $157,500 for senior roles with extensive experience.

After income tax, Medicare levy, and other deductions, a Financial Analyst earning the average salary in Melbourne can expect to take home approximately $79,562 per year, or $6,630 per month.

Melbourne is home to approximately 5.1 million people and has a cost of living index of 95 (where Sydney = 100). This means living costs in Melbourne are lower Sydney.

Key Factors Affecting Financial Analyst Salaries

  • Experience Level: Entry-level positions start around $73,500, while senior roles can reach $157,500.
  • Industry: Different industries offer varying compensation for Financial Analyst roles.
  • Company Size: Larger companies typically offer higher salaries and more benefits.
  • Location: Melbourne's cost of living influences salary expectations.
  • Hourly Rate: Based on a 38-hour week, Financial Analysts earn $$37-$80 per hour.

Salary data is based on industry reports, job postings, and government statistics. Individual salaries may vary based on experience, qualifications, and employer. Tax calculations are estimates for the 2024-25 financial year.