The job prospects for people with a Masters in Finance are great in Australia.
According to the Australian Bureau of Statistics, there are currently over 50,000 Master’s-level financial analysts working in Australia. This number is expected to grow by 17% between 2020 and 2022.
The average salary for a Master’s-level financial analyst is around $80,000 AUD per year (or $58k USD).
Job Prospects In Australia After Masters In Finance
Introduction
Prospects of business and finance graduates in Australia
Australia is a country with a strong economy and one of the best economies in the world. The Australian economy is growing at a steady rate, and there is a demand for well-educated professionals. This has led to an increase in job opportunities for postgraduates in finance in Australia.
The following are some of the reasons why you should consider studying business or finance in Australia:
- There are many job opportunities for postgraduates in finance in Australia
- Prospects of business graduates are good as companies need managers who have management degrees
- Firms look forward to hiring people who have work experience and this is another reason why you should study abroad
Career paths
There are many career paths in finance, but the most common ones are:
- Financial analyst
- Portfolio manager
- Hedge fund manager
The average salary for a financial analyst is $65,200 and for a portfolio manager it’s $93,800. These jobs require advanced degrees such as an MBA or Masters of Finance.
Workplace culture
Australia is a multicultural country with citizens from varying ethnic and cultural backgrounds. This diversity contributes to its unique work culture, which is very informal, team-oriented and flexible. The workplace environment is also challenging in that it is fast-paced and encourages employees to take on new challenges constantly.
Employment opportunities
The number of jobs available in Australia varies from city to city. Sydney for example, has the highest number of jobs available. In this city, there are more than 11000 job opportunities in finance and accounting-related fields. Melbourne is the second largest financial hub in Australia and offers almost 9000 opportunities while Brisbane comes in third with over 5000 jobs.
The industries that hire people with a masters degree in finance include banking/credit unions/financial institutions, insurance/reinsurance companies, investment management firms and leasing companies as well as accounting firms that specialize in auditing or tax preparation services. Some large corporations prefer to hire candidates with a master’s degree instead of those holding only undergraduate degrees since they believe it will make them more valuable employees because they have more skills than someone without any postgraduate training would have had time to develop during their college years; however some employers prefer someone who has both an undergrad degree plus an advanced one because they feel like this person would be better able learn new things quickly once hired at their firm – especially if these were technical related topics like programming languages or analytics tools which require specialized knowledge before being able to use them effectively (e g Python vs R).
Salary package
The salary package in Australia can be anything between $80,000 and $150,000 per annum. This is a huge range and the exact figure depends on your industry and job role.
The average starting salary for graduates who have just graduated from their masters program is around AU$65,000 (US$50,000). Most companies offer an annual salary increase of 3-5%. A few firms even offer 8% or more annually as a standard practice!
In addition to an attractive base pay, Australian employers often provide benefits such as paid holidays (up to 4 weeks per year), health insurance coverage for employees and their immediate family members, transportation allowance (for those working at remote locations), paid overtime work hours after 8 hours per day or 40 hours per week etc. Some firms also offer bonuses based on performance targets met during any given year while others give out stock options which allow you to buy shares in the company where you work at discounted prices during initial public offerings (IPOs). Other benefits that come with many jobs include flexible working hours such as compressed work weeks where employees may work fewer hours but still get paid their full salary; telecommuting opportunities; staff discounts on merchandise sold through employer owned stores etc.
Other important things to keep in mind
In addition to these, there are a few other things that you should keep in mind.
You need to be hardworking and dedicated. It is not enough for you to just work hard at your job, but also dedicate yourself to your career. This means that as soon as you start working with a company, ask questions about how the company works and what its goals are. You need to build up this network because it will enable you to find jobs in future easily when needed. It can also help with networking during interviews if needed too!
Another thing that is important here is being open-minded: while it might seem tempting during the interview process or even after getting hired into the company itself (because they may promise us something we really want), there’s no guarantee that everything will go according to plan once we start working there full time – so don’t expect them
There are numerous internship and job opportunities for postgraduates in finance in Australia
There are numerous internship and job opportunities for postgraduates in finance in Australia. The workplace culture is friendly, and the salary package is lucrative. Here are some important things to keep in mind:
- Make sure that the role you interview for matches your skillset and interests. If you’re interested in fixed income trading, it’s probably not a good idea to apply for a role as an equity analyst.
- Do your homework on the company before interviewing with them. How long have they been around? What kind of culture do they foster among their employees? Are there any news stories about them that might give you insight into how well-run they are or what their values are? These things will help ensure that you make an informed decision about whether or not this is the right place for you.
Conclusion
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