Where a finance analyst salary sits on the Australian salary index

What is a finance analyst salary in Australia?

There is no single official figure for a finance analyst salary in Australia. Unlike award-covered roles such as a retail assistant or a cleaner, finance analysts are often employed under enterprise agreements or individual contracts that set pay above the minimum. However, you can still get a clear picture of where a finance analyst salary sits on the Australian salary index by looking at award classifications, industry benchmarks, and the national line.

The salary index explained

The salary index is a simple way to compare any gross annual salary to the national average. The national line is set at index 100, which equals $108,352 per year (based on the Australian Bureau of Statistics Average Weekly Earnings of $2,083.70 for May 2026). If you earn more than that, your index is above 100; if less, below 100.

For example, a finance analyst earning $120,000 would have an index of 110.7. One earning $95,000 would have an index of 87.7. The index works for any occupation, including a finance analyst salary.

Award coverage for finance analysts

The most relevant modern award is the Banking, Finance and Insurance Award 2020 [MA000019]. The Fair Work Ombudsman publishes a pay guide for this award, which sets minimum rates for classifications such as clerical, administrative, and professional employees. A finance analyst might fall under a Level 4 or Level 5 classification, depending on duties and qualifications.

As of the 2026 Annual Wage Review (effective 1 July 2026), award minimum rates rose by 4.75%. For the Banking, Finance and Insurance Award, a Level 4 employee (say, an experienced analyst) has a minimum weekly rate around $1,200 to $1,300. That annualises to about $62,400 to $67,600 – well below the national line. But most finance analysts are paid above the award. The award is a floor, not a ceiling.

Industry benchmarks

Finance analysts work across many industries. The most common sectors are financial and insurance services, professional services, and public administration. The salary index for the Professional, scientific and technical services industry is 114.7, meaning average full-time ordinary-time earnings of about $124,000 annually. For Financial and insurance services, the index is even higher – around 130 or more, based on ABS data. A finance analyst salary in these industries is likely to be above the national line.

In contrast, a finance analyst in the public sector or in a smaller regional firm might earn closer to the national average or slightly below. Location matters too: the index for New South Wales is 101.2, for Victoria 98, and for Western Australia 106.9. A finance analyst salary in Perth may be higher than in Hobart (Tasmania index 88.6).

How to estimate your own finance analyst salary index

To find where your pay sits, take your gross annual salary (excluding super) and divide by $108,352, then multiply by 100. For example:

• $130,000 ÷ $108,352 × 100 = 120.0
• $95,000 ÷ $108,352 × 100 = 87.7

You can also compare to the states and industries pages on Salary Index to see how your role measures up.

What about super and tax?

The salary index uses gross ordinary-time earnings before super. The super guarantee is 12% from 1 July 2026, but it is not part of the index. When negotiating a finance analyst salary, remember that your total package includes super. For tax, the 2026–27 rates apply: no tax on the first $18,200, then 15% up to $45,000, 30% up to $135,000, and so on, plus a 2% Medicare levy. A finance analyst earning $120,000 would take home roughly $86,000 after tax and Medicare (assuming no HELP debt or other adjustments).

Why there is no single figure

The Fair Work Commission’s Modern Awards Pay Database and the Fair Work Ombudsman’s pay guides provide minimum rates, but they do not publish a specific “finance analyst salary”. The What Jobs Pay series gives average earnings by occupation, but its most recent data (to 2025) does not isolate “finance analyst” as a separate category. The Australian Bureau of Statistics releases average weekly earnings by industry and state, but not by detailed occupation.

Therefore, any figure you see online for a finance analyst salary is an estimate from surveys or job advertisements. Use the salary index as a benchmark: if a job ad says $110,000, that’s an index of 101.5 – slightly above the national line. If it says $85,000, that’s 78.5 – below average.

Putting it all together

A finance analyst salary in Australia typically falls between index 80 and 130, depending on experience, industry, and location. Entry-level roles may be around index 80–90, while senior analysts in banking or professional services can exceed index 120. The national line (index 100) is a useful midpoint.

To get a more precise picture, check the pay guides for the Banking, Finance and Insurance Award, and compare your role to the industry indices on the industries page. Remember that the salary index is a tool, not a promise – your actual pay depends on your employer, your skills, and the market.

FAQs

What is the salary index and how does it apply to a finance analyst salary? The salary index compares a yearly gross salary to the national line of $108,352 (index 100). For example, a finance analyst earning $130,000 would have an index of 120 (130,000 ÷ 108,352 × 100). This helps you see where your pay sits relative to the average full-time adult ordinary-time earner in Australia.

Which award covers finance analysts in Australia? Many finance analysts are covered by the Banking, Finance and Insurance Award 2020 [MA000019]. However, some roles in professional services may fall under the Professional Employees Award or be covered by an enterprise agreement. Check your employer's industry and job duties to confirm the correct award.

Does superannuation affect the salary index calculation? No, the salary index uses gross ordinary-time earnings before super. The super guarantee is 12% from 1 July 2026, but it is not included in the index figure. When comparing your total remuneration package, you may add super to the gross salary, but the index itself is based on pre-super earnings.

---

For more context on how the index works, see how the index works. To explore pay by state, visit the states page. For industry comparisons, go to industries.