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FINANCIAL ANALYST

Gender Representation

50% Female

Median Age

40

Median Weekly Earnings

$1900

Average Weekly Hours

38 Hours

ROLE & RESPONSIBILITIES

A Financial Analyst evaluates financial data to support strategic decision-making. They assess business performance, market trends, and investment opportunities, and often create reports, dashboards, and forecasts to guide senior management. Their duties may include budgeting, variance analysis, financial modelling, cost-benefit analysis, and preparing investor or board reports. Financial Analysts often work in banks, corporations, investment firms, or government agencies.

This role suits individuals who are analytical, detail-oriented, and confident with numbers and financial systems. Strong Excel skills, knowledge of financial software, and business acumen are critical. A Bachelor’s Degree in Finance, Economics, or Accounting is typically required, and many professionals pursue further qualifications such as CFA (Chartered Financial Analyst) or postgraduate finance studies.

MARKET SIZE & ECONOMIC IMPACT

Australia’s accounting and finance industry is a foundational pillar of the national economy, supporting businesses of all sizes across every sector. With over 980,000 people employed in financial and professional services roles, the industry contributes an estimated $160 billion annually to GDP—making it one of the country’s most significant economic drivers.
 

This sector includes accountants, auditors, payroll specialists, financial analysts, controllers, and compliance officers who ensure the financial integrity, regulatory compliance, and strategic planning capabilities of organisations nationwide. From sole traders and SMEs to multinational corporations and government departments, the demand for skilled finance professionals spans the entire economy.
 

Accounting and finance play a critical role in economic stability, investment growth, and business sustainability. Accurate financial reporting, tax planning, and performance analysis are essential for informed decision-making and long-term success—especially in a rapidly changing economic environment.
 

The industry also supports Australia’s broader professional services landscape, working closely with legal, IT, HR, and consulting sectors to deliver integrated business solutions. As financial regulations evolve and data-driven decision-making becomes more prevalent, professionals with strong analytical, compliance, and digital finance skills are in increasing demand.
 

With continued growth in areas like cloud accounting, forensic auditing, ESG reporting, and financial technology, the accounting and finance industry offers stable, high-skilled career pathways that are central to the functioning and future resilience of the Australian economy.

EMERGING TRENDS & FUTURE OUTLOOK

Australia’s accounting and finance industry is evolving in response to a changing economic landscape, rapid digitisation, and increased regulatory complexity. As businesses become more data-driven and globally connected, finance professionals are taking on broader strategic roles—moving beyond number-crunching to become key advisors in decision-making, risk management, and long-term planning. One of the most significant trends is the rise of automation and cloud-based accounting platforms, which are streamlining traditional tasks such as data entry, payroll, and financial reporting. This shift is enabling finance teams to focus more on analysis, forecasting, and strategic insight—skills that are becoming essential in today’s fast-paced business environment.
 

There is also growing demand for professionals with expertise in environmental, social, and governance (ESG) reporting, forensic accounting, and cybersecurity compliance, as companies face increasing scrutiny from regulators, investors, and consumers. Accountants and financial analysts are now playing a pivotal role in helping organisations demonstrate transparency, manage risks, and achieve sustainable growth. Technology is reshaping how finance is delivered, with widespread adoption of tools like AI-powered analytics, real-time dashboards, and digital tax solutions. These innovations are driving demand for professionals who can blend technical proficiency with strategic thinking, particularly in small business, corporate finance, and public sector settings.
 

Looking ahead, the industry is set to remain a stable and essential part of the Australian economy, with continued growth in areas such as fintech, advisory services, and data governance. As businesses navigate economic uncertainty, global trade pressures, and regulatory reform, qualified accounting and finance professionals will continue to be in high demand. The future of the industry is agile, tech-enabled, and insight-driven—offering secure, intellectually rewarding career pathways for those ready to lead the next era of financial excellence.

CURRENT & EMERGING TECHNOLOGIES

Advance into Senior Finance Roles

  • Progress to roles such as Senior Financial Analyst, Finance Manager, or Financial Controller, overseeing broader business performance and budgeting functions.

Move into Strategy & Business Advisory

  • Transition into positions like Business Analyst, Commercial Analyst, or Strategic Planning Advisor, supporting high-level decision-making across departments.

Explore Specialisations

  • Develop niche expertise in areas like investment analysis, M&A (mergers and acquisitions), corporate finance, or environmental, social, and governance (ESG) reporting.

Cross-Industry Flexibility

  • Financial analysts are in demand across sectors—from banking, technology, and healthcare to government, not-for-profit, and start-ups—offering diverse career pathways.

OPPORTUNITIES FOR GROWTH

CORE SKILLS YOU NEED

Financial Modelling & Forecasting

Analytical & Critical Thinking

Understanding of Accounting

Clear
Communication

Advanced Excel & Tech Proficiency

Do you enjoy working with numbers, spotting trends, and helping organisations make smarter financial decisions? Financial Analysts play a key role in shaping business strategy, forecasting performance, and supporting investment decisions.


Whether you're working in corporate finance, banking, government, or start-ups, this role offers excellent long-term growth and flexibility. With the right qualifications and tools, you can build a career that’s both analytical and impactful. To become a Financial Analyst in Australia, you’ll typically need to complete:

  • Diploma of Accounting

  • Bachelor’s Degree in Finance, Accounting, Commerce, or Economics

  • Professional Certifications – CPA, CFA, or CA

  • Short Courses in Excel Modelling, Power BI, or Investment Analysis

GET QUALIFIED TO START YOUR CAREER

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