ANZSCO 1322

Finance Managers

Overview

EMPLOYED

75,600

PART-TIME SHARE

9%

FEMALE SHARE

44%

MEDIAN WEEKLY EARNINGS

$3,120

MEDIAN AGE

46

ANNUAL EMPLOYMENT GROWTH

2,600

About this data

Summary

Finance Managers plan, organise, direct, control and coordinate the financial and accounting activities within organisations.

Tasks

  • Determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with other Managers
  • Providing financial information and interpreting the implications for business performance and funding needs
  • Coordinating the development, implementation and monitoring of accounting systems
  • Directing the preparation of financial reports summarising and forecasting the organisation's financial position such as income statements, balance sheets and analyses of future earnings and income
  • Assessing capital finance proposals and the financial status of operational projects
  • Advising on investment strategies, sources of funds and the distribution of earnings
  • Delivering long range profit forecasts, budgeting and financial reporting
  • Ensuring compliance with financial legislation and standards

ANZSCO Classification

Details

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    Earnings and Hours

    Weekly Earnings (Before Tax)
    Source: Share of workers who work full-time hours: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Average full-time hours worked per week: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Median full-time earnings per week and Median hourly earnings: ABS, Survey of Employee Earnings and Hours, May 2023, customised report. Note: median earnings data have not been produced for some occupations where there is a high standard error, and are published with "N/A" values.
    Earnings and Hours Finance Managers All Occupations
    Share of workers who work full-time hours 91% 70%
    Average full-time hours worked per week 45 hours 44 hours
    Median full-time earnings per week $3,120 $1,697
    Median hourly earnings $84 $43

    Industries

    Finance Managers work in industries like:

    Source: Ranked using ABS, Labour Force Survey, 2023, four-quarter average data, custom report.
    Note: industries that comprise less than 5% of an occupation have been suppressed.

    States and territories

    New South Wales

    42.6%

    Victoria

    25.6%

    Queensland

    13.4%

    South Australia

    5.0%

    Tasmania

    1.5%

    Northern Territory

    1.1%

    Australian Capital Territory

    2.1%

    Source: ABS Labour Force Survey, Detailed, August 2024, Jobs and Skills Australia trend data.

    Age and gender

    Age and Gender Profile
    Source: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Age and Gender Finance Managers All Occupations
    Median age 46 years 39 years
    Female share of employment 44% 48%
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Age Profile (% Share) All Occupations Finance Managers
    15–19 5.2 0.0
    20–24 9.1 0.6
    25–34 22.7 13.1
    35–44 22.3 32.5
    45–54 20.4 32.4
    55–59 8.8 10.6
    60–64 6.5 6.3
    65 and Over 4.9 4.5

    Education

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Highest Level of Educational Attainment (% Share) All Occupations Finance Managers
    Post Graduate/Graduate Diploma or Graduate Certificate 12.2 26.8
    Bachelor degree 23.2 47.8
    Advanced Diploma/Diploma 11.1 9.3
    Certificate III/IV 19.5 4.3
    Year 12 15.9 6.2
    Year 11 4.0 1.3
    Year 10 and below 9.7 1.9
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      Occupation profiles data

      This file contains data displayed on the Occupation Profile pages.

      Use of data in this file must include the relevant attribution text provided.

      Occupation profiles data - August 2024.xlsx

      occupation_profiles_data_-_august_2024.xlsx9088333

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      Australian and New Zealand Standard Classification of Occupations

      Australian and New Zealand Standard Classification of Occupations (ANZSCO) is the skill-based classification system used to categorise occupations in the Australian and New Zealand labour markets. ANZSCO provides a basis for the standardised collection, analysis and dissemination of occupation data. Visit the ABS website to learn how ANZSCO works. Jobs and Skills Australia displays data for occupations that are defined by ANZSCO 2013 Version 1.3.