Home / Salary guide / Financial Analyst in Melbourne

VIC, Australia · Updated September 2026

Financial Analyst salary in Melbourne

What a financial Analyst costs to hire locally in Melbourne, what the same role costs through Nearhire, and what a matched South African hire looks like.

Base salary range
AUD 103,000–AUD 123,000
Robert Half Australia 2026. Confidence: high.
Local hire, fully loaded
AUD 138,000
Base plus 22% for super, payroll tax, leave and workers comp.
Nearhire direct hire, indicative
AUD 43,000
Their cost to company, converted. Placement fee on hire not included. Managed hire, one monthly fee: about AUD 60,000.
You save, per year
AUD 95,000 (69%)
Indicative. Local bands from published 2026 recruitment-agency guides; Nearhire figure is an estimate confirmed on a call. Updated September 2026. Actual cost depends on seniority and scope. Indicative cost assumes a shared overlap. Full Australian-hours coverage attracts a shift premium.

A financial Analyst in Melbourne typically handles financial modelling, management reporting, KPI tracking and business partnering with operational leaders. Melbourne's finance market runs a close second to Sydney, with a dense professional-services and mid-market accounting firm scene that keeps salaries firm without quite matching Sydney's premium, which is a big part of why financial Analyst pay in Melbourne sits where it does.

The main thing that moves the number for this role is how much of the role is dashboard maintenance versus genuine commercial modelling and scenario work. In Melbourne, that plays out against a backdrop of professional services, retail head offices and mid-market accounting firms, which shapes both demand and the day-to-day expectations placed on the role.

A South African hire matched to this role is typically CA-qualified or CFA-track with strong Excel and Power BI modelling skills, used to partnering directly with non-finance stakeholders. Nearhire hires work on the overlap you agree, or full Australian hours at a premium, so a financial Analyst placed against a Melbourne brief is reachable when your team needs them.

Software fit matters as much as the qualification: most Melbourne teams in this role run on Excel, Power BI and NetSuite, and Nearhire shortlists are screened for hands-on experience with the same tools before you see a name, so onboarding is about the business, not the software.

Sources

Loading: base plus 22% for super, payroll tax, leave and workers comp. Nearhire figure: Johannesburg base times 1.25 for cost-to-company, converted at the rate above. That is the direct hire figure; the one-off placement fee on hire is not included. Managed hire, where Nearhire employs the person and you pay one monthly fee, runs about AUD 60,000 a year for this role. Johannesburg base mids set from PayScale South Africa 2026 national averages with a 5 to 20% adjustment for Johannesburg mid-level hires (fetched 2026-09-09). Earlier Glassdoor figures replaced: they averaged senior profiles (e.g. all chartered accountants incl. CFOs). Figures rounded to the nearest 1,000.

Hire a financial Analyst from South Africa

  • CA-qualified or CFA-track with strong Excel and Power BI modelling skills, used to partnering directly with non-finance stakeholders
  • Skills-screened, referenced and work-tested before you see a name
  • Hours agreed per hire: shared overlap as standard, full AU/NZ hours at a premium
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Questions

Frequently asked

How is the financial Analyst salary in Melbourne calculated here?

The Melbourne base range of AUD 103,000 to AUD 123,000 comes from Robert Half Australia 2026. The fully loaded figure of AUD 138,000 is the mid-point of that range plus employer on-costs (22% for super, payroll tax, leave and workers comp). It is a market indicator, not a job offer, and updated September 2026.

How is the Nearhire figure of AUD 43,000 worked out?

It is the person's Johannesburg cost-to-company, from published South African salary data, converted at the mid-market rate (direct hire: you employ them and pay a one-off placement fee on hire). We take the Johannesburg cost-to-company for a financial Analyst from published South African salary data and convert it at the 2026-09-09 mid-market rate. That is the direct hire figure: you employ or contract the person and pay Nearhire a one-off placement fee on hire, agreed on the call. If you would rather Nearhire employed them in Johannesburg and you paid one monthly fee (managed hire), that runs about AUD 60,000 a year for this role. Against the fully loaded Melbourne figure of AUD 138,000, that is a saving of about AUD 95,000 a year (69%). It is an estimate, confirmed with you on a call once the scope is set.

Will a South African financial Analyst work Melbourne business hours?

Hours are agreed per hire. A shared overlap with your team is standard. Full Melbourne business-hours coverage is available at a shift premium, because South Africa sits 8 to 9 hours behind AU/NZ and that is a night shift for the person.

What does a South African financial Analyst bring that a generic offshore hire doesn't?

CA-qualified or CFA-track with strong Excel and Power BI modelling skills, used to partnering directly with non-finance stakeholders. Every candidate is skills-screened, reference-checked, and credential-verified before reaching a shortlist, so you are hiring a named, vetted person rather than a name from a shared pool.

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