When it comes to finding a new job or securing a promotion, most of us want the same thing: a salary increase. But if you’ve been in the same role for some time or are shifting your career focus, you might not have a clear idea of how much you should be getting paid.
We’ve created a quick guide to average salaries in Australia across key industries so that you know where you stand.
Average salaries in digital
Thanks to strong demand for digital skills in many industries, digital professionals can expect to receive a salary increase of between 11% and 15% when changing jobs – making it the top industry for pay rises alongside the legal sector.
At the junior end of the scale, workers in roles like digital marketing coordinator, social media specialist, and content producer earn an average of approximately $45,000 to $65,000 a year.
In the mid-tier range, content managers, digital marketing managers, and account managers earn an average of around $70,000 to $95,000 a year. And, at the top end, senior digital professionals such as heads of content, heads of e-commerce, and heads of search earn between $135,000 and $225,000.
See more average digital salaries.
Average salaries in engineering & manufacturing
Although the average pay rise when changing jobs is a modest 0-5% for engineering and manufacturing professionals, there is plenty of room for salary increases as workers move up the seniority ladder.
Junior graduate equipment engineers, for example, earn an average of $62,500 a year, while more experienced quality managers earn around $120,000 a year and operations managers earn approximately $150,000 a year. Senior professionals such as engineering managers and operations directors earn around $165,000 and $225,000, respectively.
As engineering and manufacturing is such a broad area, there is also significant variation in salaries based on the area of focus. The top-paying roles tend to be within the oil and gas, and utilities sectors, while salaries in equipment and packaging are typically moderately lower.
Average salaries in finance & financial services
Finance professionals moving to new jobs can expect to receive a salary increase of between 6% and 10% whether they work for a financial services company or have a finance role at a company in any sector.
Graduate finance professionals in any sector earn an average of between $63,000 and $68,000 a year, while junior roles in dedicated financial services organisations vary between around $53,000 and $60,000.
Mid-level managers such as corporate finance managers, payroll managers, and banking and financial services managers make approximately $100,000 to $150,000 a year. The most senior roles (such as CFOs, finance directors, and heads of finance) earn around $235,000 to $375,000 depending on the area of specialisation and organisational size.
See more average finance salaries.
Average salaries in retail
As you might expect, there’s a significant difference in wages between entry-level retail workers and management/executive-level employees. Assistant and junior buyers earn around $53,000 a year, while those in management positions such as store manager earn between $60,000 and $100,000 a year (with higher salaries tending to be in the large format retail sector).
At the executive level, average salaries jump up to between $190,000 and $500,000, depending on the focus area and level of experience. The top-paid retail professionals are managing directors and CEOs in the non-food sector with over seven years’ experience, who earn an average of $500,000 a year.
See more average retail salaries.
Average salaries in technology & IT
While technology professionals changing jobs receive only a modest salary increase of 0% to 5% on average, starting salaries tend to be higher than the majority of other sectors (around the $70,000 mark) and increase accordingly with seniority.
The size of the company also has an impact on salary benchmarks in the technology/IT sector. For example, a project manager at a small company can expect to earn $130,000 a year, while the same position at a large company typically pays $165,000. This trend of higher salaries at larger companies is common in many areas of tech, including information architecture, consulting, project services, applications, software development, testing, and infrastructure.
See more average tech salaries.
Do you work in a different industry or want to see more specific salaries for jobs in your sector? Use our salary comparison tool to compare salaries in your industry and see if it’s time to kick-start your next salary negotiation process.
Join over 60,000 readers!
Receive free advice to help give you a competitive edge in your career.