Please screenshot this page and send it to info@mim-essay.com

close

MFin in Australia Salary

MFIN in Australia: Salary Insights & Career Prospects

Pursuing a Master's in Finance (MFin) in Australia is a strategic move for students aiming to secure lucrative job opportunities in the financial sector. Australia is home to some of the top universities globally, offering comprehensive MFin programs that equip students with the necessary skills and knowledge. Graduates can expect competitive salaries, reflecting the high demand for finance professionals in the country. One key factor to consider is the salary after MS in Finance in Australia, which is typically quite attractive, making the investment in your education worthwhile.

Understanding the salary landscape post-MS in Finance is crucial for making informed decisions about your career path.

Average MFin in Australia Salary

MFin in Australia

Considering a Master of Finance degree in Australia is a strategic move for anyone looking to advance their career in finance. Australia is known for its robust economy, world-class universities, and vibrant financial sector, making it an ideal destination for finance professionals. 

Professions Average Salary (per year) Additional Compensation
Financial Analysts AUD 98,000 AUD 5,000-AUD 10,000
Investment Bankers AUD 2,84,879  AUD 1,13,952 - AUD1,13,952.
Risk Managers AUD 1,37,000  AUD 9,800 - AUD 20,000.
Financial aAdvisordvisor AUD 1,10,000 AUD 10,000 - AUD 35,017.
Accountant AUD 90,500 AUD 4,000 - AUD 15,000.

Factors Affecting MFin Salary in Australia

Mfin in Australia Salary

Thinking about doing a Master of Finance (MFin) in Australia?

Pursuing a Master of Finance (MFin) degree in Australia is a fantastic choice that can lead to well-paying jobs and exciting career opportunities. Graduates with an MFin can earn impressive salaries, often ranging from AUD 70,000 to AUD 120,000 per year, depending on various factors. But what exactly affects how much you can earn after graduation? Here are key elements that affect salary after MS in finance in Australia:

1. Industry Dynamics

Different industries offer varying salary ranges. High-demand sectors like investment banking, consulting, and technology typically offer higher salaries. For instance, entry-level roles in investment banking can start from AUD 80,000, with potential growth to over AUD 120,000 for senior positions​ (MiM-Essay)​​ (MiM-Essay)​.

2. Experience Level

Experience significantly impacts salary. Entry-level MFin graduates might earn around AUD 60,000 to AUD 80,000 annually, whereas mid-career professionals can see salaries exceeding AUD 100,000. Senior roles, especially in high-demand sectors, can command salaries well over AUD 150,000​ (Leverage Edu)​.

3. Specializations and Skills

Specialized skills, such as financial modeling or data analytics, can enhance earning potential. Certifications like CFA or advanced degrees like an MBA also contribute to higher salaries. For example, MFin graduates with a specialization in investment analytics can earn between AUD 90,000 to AUD 120,000​ (MiM-Essay)​.

4. Geographical Location

Location plays a crucial role in salary levels. Major cities like Sydney and Melbourne offer higher salaries compared to regional areas. In Sydney, for example, the average salary for finance roles can be around AUD 98,000 annually​ (Leverage Edu)​.

5. Employer Size and Reputation

For jobs after MS in Finance in Australia, larger, well-known companies and prestigious firms often provide better salary packages. Multinational corporations and top-tier consulting firms are known for offering competitive salaries and benefits. Companies like Goldman Sachs and McKinsey & Company are notable examples​​.

Sector-Wise Salary Breakdown

Here's a breakdown of average salaries in various sectors for MFin graduates:

Sector Entry-Level Salary (AUD) Mid-Career Salary (AUD) Senior-Level Salary (AUD)
Investment Banking 80,000 - 120,000 80,000 - 120,000 > 100,000
Consulting 70,000 - 90,000 70,000 - 90,000 > 120,000
Technology 60,000 - 100,000 70,000 - 90,000 > 120,000
Corporate Finance 70,000 - 150,000 60,000 - 100,000 > 100,000

Sector-Wise Salary after MFin in Australia 

Sector-Wise Salary after MFin in Australia 

Are you aiming for a rewarding career in finance?

Graduates often find that the salary after MS in Finance in Australia is quite competitive, with many landing roles in top financial institutions. Whether you aim to work in corporate finance, investment banking, or a growing fintech company, having an MFin from one of Australia's top universities can significantly boost your earning potential and career prospects.

S.No Industry Salary Range (AUD) Job Positions Companies
1. Investment Banking 80,000 - 120,000
  • Investment Banking Analyst
  • Associate
  • M&A Analyst
  • Corporate Finance Analyst
  • Goldman Sachs
  • J.P. Morgan
  • Morgan Stanley
  • Credit Suisse
2. Asset Management 70,000 - 150,000
  • Portfolio Manager
  • Investment Analyst
  • Asset Management Associate
  • Financial Planner
  • BlackRock
  • Vanguard
  • Fidelity Investments
  • PIMCO
3. Corporate Finance 60,000 - 100,000
  • Financial Analyst
  • Corporate Treasurer
  • FP&A Analyst
  • Treasury Analyst
  • Google
  • Apple
  • Microsoft
  • ExxonMobil
4. Consulting 70,000 - 120,000
  • Financial Consultant
  • Strategy Consultant
  • Management Consultant
  • Financial Advisory Analyst
  • McKinsey & Company
  • BCG
  • Bain & Company
  • Deloitte
5. Insurance 60,000 - 90,000
  • Actuarial Analyst
  • Risk Analyst
  • Underwriter
  • Insurance Consultant
  • Allianz
  • AIA Group
  • AXA
  • Zurich Insurance Group
6. Fintech 70,000 - 110,000
  • Fintech Analyst
  • Financial Technology Consultant
  • Data Analyst
  • Product Manager
  • PayPal
  • Square
  • Stripe
  • Revolut
7. Government/Regulatory 60,000 - 100,000
  • Financial Regulator
  • Policy Analyst
  • Economic Analyst
  • Government Advisor
  • Reserve Bank of Australia
  • ASIC
  • APRA
8. Real Estate Finance 70,000 - 120,000
  • Real Estate Analyst
  • Property Investment Analyst
  • Real Estate Finance Associate
  • Development Analyst
  • CBRE
  • JLL
  • Colliers International
  • Brookfield Asset Management
9. Academia/Research 60,000 - 120,000
  • Lecturer
  • Research Analyst
  • Economist
  • Financial Researcher
  • Universities
  • Research Institutes
  • Think Tanks

Top Colleges for MFin in Australia

Top Colleges for MFin in Australia

If you are looking to pursue a Master of Finance (MFin) in Australia, you're in luck!

Australia has some of the top colleges that offer excellent MFin programs. When considering the cost of master in finance in Australia, it's important to note that the investment can be worthwhile, as the salary after MS in Finance in Australia is quite competitive. Here are a few colleges you should consider:

University Program Duration Tuition Fees (AUD) Average Salary (AUD)
University of Sydney 18 months 56,500 120,000
University of Melbourne 18 months 57,242 98,000
Australian National University 24 months 37,520 112,000
RMIT 24 months 37,440 130,000
University of Queensland 12 months 51,200 110,000
Monash University 12-24 months 53,000 105,000
University of Technology, Sydney 18 months 24500 100,000
Macquarie University 12 months 43,200 95,000
Deakin University 12-24 months 63,904 90,000
University of Adelaide 24 months 49,900 85,000

 Conclusion

In conclusion, earning an MFin in Australia can lead to well-paying jobs in the finance industry. Career options such as financial analysis, investment banking, and consulting offer different salary levels based on specialization. Previous work experience, job location, and educational background all play a significant role in determining earnings. Additionally, advanced degrees and certifications, such as the CFA, can further enhance job prospects and salary after MS in Finance in Australia.

Which MFin specialization has the most lucrative job market?

As a consultant, I would advise that the most lucrative job market for an MFin (Master of Finance) specialization can vary based on economic conditions and industry trends. However, traditionally, specialized fields like Investment Banking, Private Equity, and Quantitative Finance have been known to offer higher-paying opportunities due to the complex nature of their roles and the demand for top financial talent in these areas. Additionally, emerging areas like Fintech and Sustainable Finance may also offer lucrative prospects as they continue to grow in importance. Ultimately, the key to success lies in acquiring valuable skills, building a strong network, and staying adaptable in a dynamic financial landscape.

Which B-School is best for MFin in Australia?

The University of Melbourne's Melbourne Business School is considered one of the best B-Schools for MFin in Australia. It has a strong reputation for its finance programs and is well-regarded by employers in the financial industry. The school offers a comprehensive curriculum, experienced faculty, and valuable networking opportunities. However, it's essential to conduct up-to-date research as rankings and reputations may change over time. Other reputable Australian institutions for MFin include the University of Sydney Business School and the Australian National University's College of Business and Economics.

Which is the best city for MFin aspirants in Australia?

Sydney is often considered the best city for MFin aspirants in Australia. As the country's financial hub, Sydney offers a vibrant and dynamic financial services sector with numerous job opportunities in investment banking, asset management, and corporate finance. The city is home to major financial institutions, providing ample networking opportunities for students and graduates. Additionally, Sydney's diverse culture, thriving business environment, and high quality of life make it an attractive destination for students pursuing a Master of Finance degree. However, Melbourne and Brisbane are also worth considering, as they also have notable financial sectors and reputable universities offering MFin programs.

Are Australian MFin programs globally recognized?

Yes, Australian MFin programs are generally globally recognized and held in high regard. Australian universities are known for their high academic standards and quality education. Many of the top business schools in Australia have prestigious international accreditations, such as AACSB (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), which further enhance the global recognition of their MFin programs. Graduates from Australian MFin programs have successfully pursued careers in various countries around the world, leveraging their education and skills acquired during their studies in Australia. However, it's always advisable to research specific programs and their reputations to ensure alignment with career goals.

Is a MFin from Australia worth it for international students?

Yes, pursuing an MFin from Australia can be worth it for international students for several reasons. Australian universities offer high-quality education and reputable MFin programs that are recognized globally. Studying in Australia provides exposure to a diverse and dynamic financial market, offering valuable networking opportunities and practical experiences. Graduates benefit from the country's strong economy and growing financial sector, increasing their chances of finding rewarding job opportunities both in Australia and internationally. Additionally, Australia's multicultural environment fosters personal growth and cultural exchange. However, it's essential for international students to consider factors like tuition costs, visa regulations, and potential return on investment based on their career goals before making a decision.

Know Your Author
Photo of Abhyank
Abhyank Srinet
|
Study Abroad Expert

Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.


Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.

You may also like these Blogs