Financial Analyst Salary in Wollongong
Finance
Financial analysts evaluate investment opportunities and provide financial guidance.
Job Market Outlook
Knowledge work with significant AI applicability
Job supply roughly matches candidate availability
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 Wollongong
Based on the average Financial Analyst salary of $88,000 in Wollongong, here's what you can expect to take home after tax, Medicare levy, and superannuation.
| Component | Without HECS | With HECS |
|---|---|---|
| Gross Salary | $88,000 | $88,000 |
| Income Tax | -$17,188 | -$17,188 |
| Medicare Levy (2%) | -$1,760 | -$1,760 |
| HELP/HECS Repayment | $0 | -$3,080 |
| Superannuation (11%) | +$9,680 | +$9,680 |
| Annual Take-Home | $69,052 | $65,972 |
| Monthly Take-Home | $5,754 | $5,498 |
| Fortnightly Take-Home | $2,656 | $2,537 |
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How to Become a Financial Analyst
Everything you need to know about breaking into a career as a Financial Analyst in New South Wales.
Qualifications Required
- Bachelor's degree in Finance, Accounting, Economics, or related field
- Strong Excel and financial modeling skills
- Analytical and quantitative abilities
- Master's degree (MBA or Master of Finance)
- CFA candidacy or qualification
- Experience in investment banking or corporate finance
Career Progression
Junior Analyst
Financial Analyst
Senior Financial Analyst
Finance Manager / Director
Skills in Demand
Tips for Breaking In
- 1Start CFA program early in career
- 2Investment banking provides excellent training but long hours
- 3Corporate finance offers better work-life balance
- 4Develop industry specialization for career advancement
- 5Build technical skills alongside financial knowledge
Career information is general guidance based on industry standards. Requirements may vary by employer and location.
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Financial Analyst Hourly Rate in Wollongong
Based on a standard 38-hour work week (Australian full-time hours):
Frequently Asked Questions
How much does a Financial Analyst earn in Wollongong?
The average Financial Analyst salary in Wollongong is $88,000 per year, or approximately $45 per hour. Salaries range from $61,600 to $132,000 depending on experience.
What is the take-home pay for a Financial Analyst in Wollongong?
A Financial Analyst earning $88,000 in Wollongong takes home approximately $69,052 per year after tax, or $5,754 per month. With a HECS debt, take-home drops to $65,972 per year.
How much do Financial Analysts make per hour in Wollongong?
Financial Analysts in Wollongong earn approximately $45 per hour on average, based on a 38-hour work week. Entry-level rates start around $31/hour, while senior professionals can earn up to $67/hour.
Is Wollongong a good place to work as a Financial Analyst?
Wollongong offers Financial Analyst salaries below average in Australia at $88,000. The city has a cost of living index of 82 (Sydney = 100), meaning living costs are lower than Sydney.
About Financial Analyst Salaries in Wollongong
The average Financial Analyst in Wollongong, New South Wales earns $88,000 per year, or approximately $45 per hour. Salaries typically range from $61,600 for entry-level positions to $132,000 for senior roles with extensive experience.
After income tax, Medicare levy, and other deductions, a Financial Analyst earning the average salary in Wollongong can expect to take home approximately $69,052 per year, or $5,754 per month.
Wollongong is home to approximately 310,000 people and has a cost of living index of 82 (where Sydney = 100). This means living costs in Wollongong are lower Sydney.
Key Factors Affecting Financial Analyst Salaries
- Experience Level: Entry-level positions start around $61,600, while senior roles can reach $132,000.
- Industry: Different industries offer varying compensation for Financial Analyst roles.
- Company Size: Larger companies typically offer higher salaries and more benefits.
- Location: Wollongong's cost of living influences salary expectations.
- Hourly Rate: Based on a 38-hour week, Financial Analysts earn $$31-$67 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.