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Australia's booming salaries

Australia's booming salaries


Looking for a new job with a bigger pay packet? You may be in luck. Average advertised salaries were up by 2.9% year-on-year across the country. So, how are salaries shifting in your industry?

Top 5 booming salaries by industry 

The Banking and Financial Services industry led the way with the fastest-growing salaries on SEEK – increasing by 4.2% year-on-year to $96,588.

NAB Economist Kaixin Owyong explains that salary growth aligns with broader economic trends. The increased regulatory environment within financial services, for example, could be leading to a growing demand in compliance departments.

“There appears to be strong growth in advertised salaries for compliance-related roles,” says Owyong. “Compliance and risk roles recorded a 6% rise to $122,741.”

Salaries in Manufacturing, Transport and Logistics grew by 3.8% to an advertised average of $76,163.   

Owyong says that much of the growth occurred in warehouse-related roles. “Increased warehousing activity could be related to the ongoing shift to online retail,” she says.

Community Service and Development followed with 3.7% growth to an advertised average of $77,262.

“It’s likely to be driven by the National Disability Insurance Scheme (NDIS), given the 4.8% increase in the average advertised salary of aged and disability support workers,” says Owyong.

Top 20 booming salaries by specialisation 

SEEK Salary Report: Jan-Nov 2019 vs Jan-Nov 2018

Nursing - High Acuity in the Healthcare and Medical industry recorded the fastest growing salary with an 11.7% lift to $91,331. This may be due to the growing and aging population, which is placing greater demand on hospitals across the country.

Risk Consulting in the Insurance & Superannuation industry was in second place with a 10.4% increase to $124,814. Salaries for computer operators in the Information and Communications Technology industry also grew by 10.4% to $77,411.

Explore latest salary trends in  AccountingEdit
Highest salariesDollar Sign
Strategy & Planning$131k
Financial Managers & Controllers$131k
Lowest salariesDollar Sign
Assistant Accountants$65k
Accounts Payable$63k
Accounts Officers/Clerks$62k

Highest salary growthUp Arrow
Cost Accounting5.1%
Compliance & Risk3.9%
Lowest salary growthDown Arrow
Business Services & Corporate Advisory0.7%
Accounts Officers/Clerks-1.6%
Inventory & Fixed Assets-3.1%
SEEK Employment Trends, annual full-time salary averages, Feb 19 - Jan 20 vs Feb 18 - Jan 19
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