Thrive in a competitive global industry and build –in-demand business skills by studying a finance course.
What do finance graduates do?
Finance course graduates may work in a range of leadership, management and client-focused roles in the finance industry. If you work as a finance manager, you may perform tasks like:
- Determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, plans and policies;
- Providing financial information and interpreting the implications of such for business performance and funding needs;
- Coordinating the development, implementation and monitoring of accounting systems;
- Preparing and directing financial reports summarising and forecasting organisational financial positions;
- Preparing, interpreting and analysing income statements, balance sheets and future earnings and income;
- Assessing capital gain proposals and project financing;
- Advising on investment strategies, sourced of funds and distributions of earnings;
- Delivering profit forecasts; and
- Ensuring organisational compliance with financial legislation and standards.
You may also work in a financial planning role, advising individuals and businesses on the best strategies for investing and growing their wealth, or in a broker role, monitoring commodity trends and patterns in order to make the best strategic investments.
After completing a finance course, you’ll likely seek work either in an accounting services firm, or working in-house in a business, organisation or government department. You may work as a:
- Office Manager
- Office Administrator
- Executive Personal Assistant
- Project Administrator
- Accounts Supervisor
- Financial Planning Administrator
- Payroll Manager
- Credit Officer
- Bank Officer
- Accounts Clerk
- Credit Manager
- Financial Broker
- Financial Dealer
- Mortgage Broker
- Credit Advisor
- Management Accountant
- Practicing Accountant
- Tax Accountant and Advisor
- Forensic Accounting
- Business Advisor
- Risk Consultant
- Insolvency and Reconstruction
You’ll thrive working in the finance sector if you:
- Enjoy maths and numbers
- Enjoy problem-solving
- Are highly motivated
- Enjoy focused work
- Are resilient
- Have strong communication and interpersonal skills
- Are highly organised and efficient
- Are proactive and can work independently
- Can think strategically and exercise sound judgment
- Enjoy challenging yourself
- Enjoy thinking strategically
The Australian Government’s Job Outlook predicts strong growth in job opportunities for roles in the finance sector over the next decade, off the back of extremely strong growth over the previous 10 years.
Currently employing approximately 64,600 people as finance managers, the profession will grow to employ approximately 75,300 finance managers by 2020, according to Job Outlook. Similarly, the financial planning profession is expected to grow to employ nearly an additional 10,000 people by 2020. Currently employing approximately 51,800 people, it is expected to grow to employ approximately 63,200 people by 2020.
The size of the finance profession indicates roles are available in all areas of Australia.
According to PayScale, a finance manager can expect to earn a salary between $61,000 and $136,000 per year, with an average annual salary of approximately $93,000. PayScale reports that over a third of finance managers have more than 20 years of professional experience, indicating that people make financial planning their careers, and don’t move on the from the industry as their experience grows.
PayScale notes that while average salaries for finance managers rise with experience, entry-level managers can still command a competitive salary of approximately $77,000 per year.