Are you stepping off campus with a degree in hand or looking to pivot your career journey? If you’re considering a career in finance, now is an excellent time. Australia’s finance sector offers an array of exciting opportunities for those just starting their career journey. At Godfrey Group, we’ve seen a considerable increase in finance jobs for graduates and entry-level positions across various sub-sectors.
Considering an entry-level finance job? Read on to explore different entry-level roles and what you need to know to start your journey.
Why Work in Finance?
The finance sector in Australia is robust, offering stability and diverse career paths. From FinTech to superannuation or wealth management, the scope for growth and development is vast.
Statistics from Labour Market Insights indicate employment growth in Financial and Insurance Services is projected to increase by 33,200 (6.3%) leading up to November 2026. This makes it an opportune time for graduates and beginners to enter this arena.
Entry-Level Roles in Finance
When considering entry-level finance roles, the spectrum is broad. Here’s a look at some roles that could be your stepping stone in the finance world:
1. Junior Financial Analyst
Entry-level financial analyst jobs are perfect for those who love crunching numbers and analysing trends. A degree in finance or accounting is typically required, but the role offers a fantastic foundation for understanding financial markets.
2. Junior Client Service Jobs
These types of roles are perfect for those who enjoy talking to clients and solving their problems. You’ll be the go-to person for client questions and needs, helping them understand financial products and services. Great communication skills are key in this role.
3. Financial Services Administrator
A role that doesn’t necessarily require a finance degree, it’s perfect for those with strong organisational skills. You’ll get an inside look at financial operations, a stepping stone to more specialised positions.
4. Entry-Level Banking Jobs
Roles like bank tellers or customer service reps in banks are great entry points. In the banking sector, you will most likely focus on building client relationships, helping with their banking needs, and using strong people skills to explain banking options, products, and services.
5. Junior Accountant
This role typically involves assisting with financial record-keeping, preparing budgets, and supporting the financial reporting process. It’s a great fit for those with an eye for detail and a solid foundation in accounting principles. A Bachelor’s degree in accounting or finance is often required.
A Different Angle: Non-Finance Roles in the Industry
It’s worth considering the varied non-finance-specific roles available within finance firms like marketing, IT, HR, and administration. These roles offer excellent entry points into the industry, especially for those who may not have direct experience or qualifications in finance.
Salary: What You Can Expect From a Career in Finance
The salary expectations in the Australian finance sector vary based on experience, qualifications, and location. According to data based on 10,000 salaries from Talent.com, here’s what you can expect to earn:
- Entry-Level Positions: For those just starting in finance, the average starting salary for entry-level finance positions often starts at $60,000.
- Mid-Level Professionals: With more experience, finance professionals earn an average salary of $103,990 per year.
- Experienced Professionals: For the most experienced workers in the finance field, salaries can go up to $150,000 per year or even higher, depending on the specific role and expertise.
It’s also worth noting that the finance sector is known for offering attractive compensation packages. These packages can include a combination of competitive salaries, bonuses, and a range of additional benefits.
The Highest-Paying Finance Jobs in Australia
Planning for a lucrative career progression? According to ,Victoria University, top-paying roles include Chief Financial Officer (CFO) with salaries ranging from $220,000 to $350,000+ annually, and Treasurers earning around $350,000. Financial Controllers and Investment Managers typically earn about $150,000, while Portfolio Managers and Finance Managers can expect around $155,000 and $130,000, respectively. Each of these roles demands a unique set of skills and qualifications, driving up their earning potential.
Qualifications and Traits for Success in Finance
Most finance roles require a relevant degree, but there are finance jobs with no degree required, especially in administrative or support roles. For more specialised positions like financial analysts or advisors, a degree in finance, economics, accounting, or business is beneficial. Certain roles may also require specific certifications or licences, which some companies might support you in obtaining.
Soft Skills to Stand Out
We’ve noticed that successful finance professionals often share a few key characteristics:
- Analytical Mindset: Analysing data and trends is required in most finance roles.
- Strong Communication Skills: Essential for client-facing roles like financial advising.
- Detail-Oriented Approach: Accuracy is key in finance, where small mistakes can have big implications.
- Adaptability: The financial sector is ever-changing, so being able to adapt and learn quickly is essential.
How to Start a Career in Finance
Starting a career in finance often begins with education, but it’s equally about gaining practical experience. Internships, part-time jobs, or even volunteer positions in finance-related fields can provide invaluable hands-on experience. Networking will also help significantly – attending industry events, joining finance-related groups, and connecting with professionals in the field can open doors to opportunities.
Your Future in Finance Starts Here
At Godfrey Group, we specialise in connecting talented individuals with their ideal finance roles. Whether you’re a recent graduate looking for finance jobs with no experience or you’re embarking on a career change, there are numerous entry-level positions waiting for you.
Ready to take that first step? Submit your CV or contact us today on 02 8004 9350, and let’s explore your opportunities.
