High-Paying Accounting Jobs in Australia: Australia boasts a thriving economy with a strong demand for skilled professionals in the accounting and finance sector.
Whether you’re an experienced accountant or a fresh graduate looking to enter the field, understanding the highest-paying accounting jobs can help you navigate your career path and maximise your earning potential.
In this article, we’ll explore the best high-paying accounting jobs in Australia, their average salaries, the qualifications needed, and the industries where they are most in demand. Additionally, we’ll share tips on how to secure these lucrative roles.
1. Chartered Accountant (CA)
Chartered accountants are among the most respected professionals in the accounting field. They work across industries, providing expertise in auditing, taxation, risk management, and financial planning.
Average Salary:
- Entry-level: AUD 70,000 – AUD 90,000 per year
- Experienced: AUD 120,000 – AUD 180,000 per year
Qualifications Required:
- A bachelor’s degree in accounting or finance
- Successful completion of the CA program through Chartered Accountants Australia and New Zealand (CA ANZ)
Why It Pays Well:
Chartered accountants are critical for ensuring compliance with financial regulations and providing strategic advice to businesses. Their expertise is highly valued in sectors like banking, consulting, and corporate finance.
2. Chief Financial Officer (CFO)
As the financial leader of a company, the Chief Financial Officer oversees all financial operations, including budgeting, forecasting, and financial reporting. CFOs play a vital role in shaping a company’s financial strategy and ensuring its long-term success.
Average Salary:
- AUD 200,000 – AUD 500,000 per year (depending on company size and industry)
Qualifications Required:
- A degree in accounting, finance, or economics
- CPA or CA qualification (optional but advantageous)
- Extensive experience in financial management roles
Why It Pays Well:
CFOs hold a top executive position, making critical decisions that directly impact a company’s profitability. Their level of responsibility and expertise justifies their high compensation.
3. Taxation Manager
Taxation managers specialise in creating tax strategies, ensuring compliance with Australian tax laws, and minimising tax liabilities for businesses and individuals. This role is in high demand due to the complex and ever-changing nature of tax regulations.
Average Salary:
- AUD 110,000 – AUD 180,000 per year
Qualifications Required:
- A bachelor’s degree in accounting or tax law
- CPA or CA accreditation
- Strong knowledge of Australian tax legislation
Why It Pays Well:
Taxation managers save companies significant amounts of money by optimising tax strategies. Their niche expertise makes them indispensable.
4. Financial Controller
Financial controllers manage a company’s accounting operations, including budgeting, payroll, and financial analysis. They act as the right hand of the CFO and are responsible for ensuring accurate financial reporting.
Average Salary:
- AUD 120,000 – AUD 200,000 per year
Qualifications Required:
- A degree in accounting or finance
- CPA or CA certification
- Extensive experience in corporate accounting
Why It Pays Well:
Financial controllers ensure financial stability and compliance, which are critical for any organisation. Their role sits between mid-level and executive management, offering a high salary.
5. Forensic Accountant
Forensic accountants investigate financial discrepancies, fraud, and other irregularities. They often work with law enforcement agencies, insurance companies, and corporations.
Average Salary:
- AUD 90,000 – AUD 150,000 per year
Qualifications Required:
- A degree in accounting or forensic accounting
- CPA or CA certification
- Additional certifications like Certified Fraud Examiner (CFE) are advantageous
Why It Pays Well:
Forensic accountants provide specialised expertise in uncovering financial crimes, making their skills highly sought after.
6. External Auditor
External auditors are responsible for reviewing financial statements to ensure compliance with accounting standards and regulations. They often work for large accounting firms or as independent contractors.
Average Salary:
- AUD 80,000 – AUD 140,000 per year
Qualifications Required:
- A degree in accounting or finance
- CPA or CA certification
- Strong knowledge of Australian Accounting Standards (AAS)
Why It Pays Well:
External auditors play a crucial role in maintaining public trust in financial reporting, which is critical in industries like banking, insurance, and government.
7. Management Accountant
Management accountants focus on internal financial planning, helping companies make strategic decisions based on financial data. They work closely with senior management teams.
Average Salary:
- AUD 90,000 – AUD 160,000 per year
Qualifications Required:
- A degree in accounting or finance
- CPA or CA certification
- Experience in budgeting and forecasting
Why It Pays Well:
Management accountants drive business success by optimising budgets and improving financial performance, making them integral to any organisation.
8. Accounting Consultant
Accounting consultants provide specialised advice on accounting systems, compliance, and financial strategies. They often work as freelancers or for consulting firms.
Average Salary:
- AUD 100,000 – AUD 180,000 per year
Qualifications Required:
- A degree in accounting or finance
- CPA or CA certification
- Expertise in a specific niche, such as tax or system implementation
Why It Pays Well:
Consultants bring expert knowledge to solve specific challenges, allowing businesses to optimise their operations and meet regulatory requirements.
Industries with the Highest Demand for Accountants in Australia
- Banking and Financial Services: High demand for CFOs, Financial Controllers, and Auditors
- Construction and Real Estate: Management Accountants and Taxation Experts are sought after
- Government and Public Sector: Forensic Accountants and External Auditors
- Technology and Startups: Accounting Consultants and Management Accountants
Tips to Land a High-Paying Accounting Job
- Earn Professional Certifications: Credentials like CPA, CA, or CFE significantly boost your earning potential.
- Gain Industry Experience: Specialised experience in sectors like banking or consulting is highly valued.
- Expand Your Network: Attend industry events and connect with professionals to uncover new opportunities.
- Stay Updated: Keep up with changes in Australian tax laws, accounting standards, and industry trends.
Conclusion
Accounting is a lucrative career path in Australia, offering diverse opportunities and high earning potential. From Chartered Accountants to CFOs, the demand for skilled professionals is on the rise.
By obtaining the right qualifications and gaining experience in specialised roles, you can position yourself for a rewarding career in this dynamic field.
Whether you’re just starting or looking to advance, understanding these high-paying accounting jobs can help you make informed decisions about your future.