What a Financial Analyst Salary Looks Like in Australia: Gross Pay, Super, and Tax

What Does 'Financial Analyst Salary' Mean?

When someone searches for a financial analyst salary in Australia, they usually want a ballpark figure: how much a financial analyst earns per year before tax, and how that compares with other jobs. The trouble is, there is no single official number from the Australian Bureau of Statistics, the Fair Work Ombudsman, or the Fair Work Commission that says 'a financial analyst earns $X'. The role sits across industries—banking, insurance, professional services, mining, and government—and pay varies widely.

This article uses the Salary Index to explain where a financial analyst salary might sit against the national line. The index is 100, which equals full-time adult ordinary-time earnings of $108,352 per year (from ABS Average Weekly Earnings, May 2026). If a financial analyst earns $120,000, their index is 110.7—above the national average. If they earn $95,000, the index is 87.7.

Where to Look for a Financial Analyst Salary

Award Coverage

Financial analysts may be covered by the Banking, Finance and Insurance Award [MA000019], which sets minimum pay rates for classifications like 'Bank Officer' or 'Financial Institution Employee'. However, the award does not list 'financial analyst' as a specific classification. Many financial analysts are employed under enterprise agreements or individual contracts that pay above the award. The Fair Work Ombudsman provides pay guides for this award, but they show minimums, not market rates.

Industry Benchmarks

The industries page shows the index for Professional, scientific and technical services is 114.7—meaning typical earnings in that sector are about 14.7% above the national line. That translates to roughly $124,300 per year. Financial analysts working in mining (index 154.7) could earn much more, while those in retail trade (index 75.9) would earn less.

State Differences

Location matters. The states page shows ACT has the highest index (109.9, annualised $119,090), followed by WA (106.9, $115,825) and NSW (101.2, $109,658). A financial analyst in Canberra or Perth might expect a higher salary than one in Tasmania (index 88.6, $96,008).

Gross Pay, Super, and Tax: A Worked Example

Let's take a hypothetical financial analyst earning $120,000 gross per year. That's an index of 110.7.

• Superannuation: From 1 July 2026, the super guarantee is 12% on earnings up to $270,830. The employer must contribute an extra $14,400 into super. This is not part of the salary index (which uses gross ordinary-time earnings), but it's an important part of total remuneration.
• Tax: For 2026–27, resident tax rates (excluding Medicare) 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 a 2% Medicare levy. On $120,000, the estimated tax is about $29,467, leaving take-home pay of roughly $90,533. This ignores HELP repayments, salary sacrifice, and the Medicare levy surcharge.

If the financial analyst earns $140,000 (index 129.2), the tax jumps to about $38,467, and take-home is $101,533. The marginal tax rate is 37% between $135,001 and $190,000, so any extra earnings above $135,000 are taxed at 37% plus 2% Medicare.

What the Web Search Found

A search of public sources in late October 2026 revealed:

• The Fair Work Commission's Modern Awards Pay Database contains minimum rates for award classifications but does not list 'financial analyst' as a separate category. The database is updated after the Annual Wage Review (4.75% increase from 1 July 2026) and includes changes for health professionals but not for finance roles.
• The Fair Work Ombudsman's pay guides for the Banking, Finance and Insurance Award show minimum hourly rates for classifications like 'Level 1' to 'Level 5', but these are not specific to financial analysts.
• The What Jobs Pay website provides average weekly full-time earnings by occupation and age from 1978 to 2025, but its occupation list does not include 'financial analyst' as a distinct entry. It groups financial roles under broader categories.

Because no official source gives a precise financial analyst salary, the best approach is to use industry and state indices as a guide. The Professional, scientific and technical index of 114.7 is a reasonable starting point, but actual salaries can be higher or lower.

How to Use the Salary Index for Your Role

The Salary Index is designed to help you compare any pay figure against the national line. To calculate your own index, divide your annual gross ordinary-time earnings by $108,352 and multiply by 100. For example:

• $95,000 → index 87.7 (below national average)
• $120,000 → index 110.7 (above national average)
• $150,000 → index 138.5 (well above)

Remember that the index uses ordinary-time earnings, not total package. Bonuses, commissions, overtime, and super are not included. Also, the index is a benchmark, not a quote for a specific job.

Final Thoughts on Financial Analyst Salary

A financial analyst salary in Australia is not set by a single award or published as a standard figure. It depends on industry, location, experience, and employer. The Professional, scientific and technical industry index suggests many financial analysts earn above the national line, but the range is wide. For the most accurate picture, check the pay guides for your award, look at industry indices on the industries page, and consider state differences on the states page. And always factor in super and tax to understand your real take-home pay.