With the country’s thriving economy, growing number of businesses, and increasing demand for financial transparency, the need for qualified accountants is greater than ever.
If you’re an aspiring accountant or a professional looking to advance your career, this guide explores the highest paying accounting jobs in Australia, what they entail, and how to secure these coveted roles.
Why Choose a Career in Accounting?
- High demand: Accountants are needed in every industry—finance, healthcare, government, retail, and more.
- Career progression: You can grow from a junior accountant to CFO with the right qualifications and experience.
- Job security: Financial professionals are essential in both good and bad economic times.
How Much Do Accountants Earn in Australia?
- Mid-level accountants earn AUD $80,000–$120,000.
- Senior-level or specialized accountants can earn over AUD $150,000 annually.
1. Chief Financial Officer (CFO)
Average Salary: AUD $180,000 – $350,000
A Chief Financial Officer (CFO) is one of the most prestigious roles in the finance industry. CFOs are responsible for managing the financial strategy of a company, overseeing budgets, forecasting, and ensuring profitability.
Key Responsibilities:
- Oversee financial planning and analysis
- Manage company budgets and expenses
- Guide investment strategies
- Work closely with CEOs and stakeholders
Qualifications:
- CPA, CA, or MBA Finance
- Minimum 10 years of experience
- Strong leadership and strategic skills
2. Financial Controller
Average Salary: AUD $130,000 – $200,000
Financial Controllers ensure the company’s financial reports are accurate and comply with regulations. They lead accounting teams and manage internal controls.
Key Responsibilities:
- Oversee financial reporting
- Implement accounting policies
- Budget management
- Coordinate audits
Required Skills:
- CPA or CA qualification
- Strong knowledge of accounting standards
- Excellent analytical skills
3. Taxation Manager
Average Salary: AUD $120,000 – $180,000
Taxation Managers specialize in tax planning and compliance. With frequent updates to tax laws and regulations, companies rely on these professionals to avoid penalties and maximize savings.
Duties Include:
- Preparing and reviewing tax returns
- Advising on tax strategies
- Interacting with ATO (Australian Tax Office)
- Staying updated with tax laws
Ideal For:
- Accountants with a strong grasp of Australian tax law
- Professionals with a CA or CPA and a specialization in taxation
4. Management Accountant
Average Salary: AUD $90,000 – $140,000
Responsibilities:
- Prepare internal reports for management
- Cost analysis and control
- Forecasting and budgeting
- Financial planning
Who Should Consider This Role?
- Professionals interested in business strategy
- Accountants who enjoy working across departments
5. External Auditor (Big Four Firms)
Average Salary: AUD $100,000 – $160,000
External auditors ensure that a company’s financial statements are accurate and comply with accounting standards. Working for a Big Four firm (KPMG, PwC, Deloitte, EY) can fast-track your earnings and promotions.
Perks:
- High income potential
- Global career opportunities
- Excellent training and exposure
Requirements:
- CPA or CA certification
- Strong attention to detail
- Comfort with tight deadlines
6. Forensic Accountant
Average Salary: AUD $110,000 – $160,000
Forensic accountants investigate financial crimes and discrepancies. They are often hired by law firms, insurance companies, and government agencies.
Roles Include:
- Investigating fraud and embezzlement
- Analyzing financial data for legal cases
- Testifying as expert witnesses
Why It’s High-Paying:
- Niche expertise
- High demand in legal and insurance sectors
7. Risk & Compliance Manager
Average Salary: AUD $120,000 – $180,000
These professionals ensure that companies follow laws and regulations. They assess financial risks and develop policies to mitigate them.
Key Tasks:
- Identifying financial risks
- Creating compliance policies
- Conducting audits
- Training staff on compliance
High Demand In:
- Banking
- Insurance
- Large corporations
8. Financial Analyst (Senior)
Average Salary: AUD $100,000 – $150,000
Responsibilities:
- Analyze financial statements
- Build financial models
- Advise on investments
- Report to senior management
Ideal Background:
- Bachelor’s degree in finance or accounting
- CFA certification is a plus
9. Treasury Manager
Average Salary: AUD $130,000 – $180,000
Treasury managers focus on managing an organization’s finances, including liquidity, investments, and risk.
Duties:
- Cash flow forecasting
- Managing investments and loans
- Overseeing banking relationships
Why It Pays Well:
- Direct impact on business capital
- Strategic decision-making role
10. Internal Auditor (Senior Level)
Average Salary: AUD $90,000 – $140,000
Internal auditors evaluate a company’s internal processes to ensure efficiency and compliance.
Tasks:
- Assess internal controls
- Conduct audits
- Recommend improvements
- Identify risks
Preferred Qualifications:
- CPA or CIA (Certified Internal Auditor)
- Strong analytical and communication skills
Skills That Boost Your Earning Potential in Accounting
If you want to land one of the high-paying accounting jobs listed above, here are the top skills to develop:
- Analytical thinking
- Advanced Excel and financial modeling
- Understanding of ERP systems (e.g., SAP, Oracle)
- Knowledge of Australian tax laws
- Strong communication and leadership skills
- Project management
Certifications That Increase Your Salary
| Certification | Benefits |
|---|---|
| CPA (Certified Practising Accountant) | Recognized across Australia, opens doors to senior roles |
| CA (Chartered Accountant) | Prestigious credential, strong networks |
| CFA (Chartered Financial Analyst) | Ideal for investment and finance roles |
| CIA (Certified Internal Auditor) | Preferred for auditing and compliance roles |
| MBA (Finance) | Beneficial for executive-level positions |
Where to Find High-Paying Accounting Jobs in Australia
- Seek.com.au
- Indeed.com.au
- LinkedIn Jobs
- Hays Recruitment
- Michael Page
How to Land a High-Paying Accounting Job
- Build a strong foundation: Earn a degree in accounting or finance.
- Get certified: CPA or CA certification is essential for most high-level roles.
- Gain experience: Start in an entry-level role and work your way up.
- Network: Connect on LinkedIn, attend industry events, and join professional associations.
- Stay updated: Regularly upgrade your knowledge with courses or certifications.
- Tailor your resume: Highlight quantifiable achievements and relevant skills.
- Ace the interview: Prepare for technical and behavioural questions.
Final Thoughts
The accounting profession in Australia is not only stable but also highly rewarding—especially if you aim for specialized or leadership roles.
Whether you’re just starting out or planning to climb the corporate ladder, there are plenty of opportunities to earn a high income in this field.
By investing in the right qualifications, gaining experience, and staying informed about industry trends, you can position yourself for one of the high-paying accounting jobs in Australia.
