Skip to main content

Banking and Finance Manager Career Pathway

Banking and Finance Managers plan, administer and review financial and accounting activities within an organisation*. 

What does a Banking and Finance Manager do?

Banking and Finance Managers plan and oversee financial operations, and direct the formulation of budgetary and accounting policies in consultation with other managers within organisations. They direct the collection of financial and accounting information. 

In addition to these tasks, they prepare financial information and interpret implications, as well as coordinate the development, implementation and monitoring of accounting systems. Their advising capabilities include: assessing capital finance proposals and investment strategies, and they prepare: budgets, reports, forecasts and statutory returns. 

How much does a Banking and Finance Manager earn?

88.3% work on a full-time basis and full-time median weekly salary are $1,650 depending on the organisation and the level of experience**.

The ABS Labour Force Summary shows the average weekly hours worked is 41.1 hours. 
 

Where do they work?

Banking and finance managers work in offices, although they may travel to meet with clients if and when needed. They work regular business hours from Monday to Friday, but dependent on their title and experience; they could work longer hours during busy financial times or on weekends. 

 

Banking & Finance Manager Career Outlook at a glance

Median age is: 44 years old

" " 

Employment level trends & growth

" "
Predicted growth in number of roles - Nov 2017 jobs: 52,500 and 2020 jobs: 55,900

Source: https://docs.employment.gov.au/documents/australian-jobs-occupation-matrix

 

Specialisations

Specialisations within this area include Chief Accountant, Credit Manager, Divisional Finance Manager and Treasurer (except Government). 

Related job titles 

  • Finance Director 
  • Financial Controller 

 

" "

 

What education do you need?

Banking and Finance Managers need to complete a Bachelor degree in financial services, accounting, economics, business administration or similar to attain this role or have at least five years of relevant experience. In some instances, relevant experience in addition to the formal qualification is needed. 

The next step in your career

Southern Cross University offers a Master of Business (MBA) 100% online. Online study is ideal for those balancing all the commitments that are part of full-time work, and a great choice for those who know they want to gain their postgraduate qualification in business, but are unable to attend on-campus courses. 

 

Sources

*Australian Standard Classification of Occupations (ASCO) 2nd Edition, ABS Catalogue No. 1220.0, p73.  
**Australian Jobs Matrix

 

100% Online Business Courses

" " 



 

For more details about the SCU 100% Online business courses, see below: 

Our Accreditations & Endorsements

Australian Qualifications Framework logo

Our online programs meet all of the AQF guidelines, ensuring quality education.

Good Universities Guide Logo

5-STAR Rating for Institutional Student Support and Social Equity, Business and Management Teaching Quality, Teacher Education Learning Resources, Nursing Learning Resources and Skills Development.

The World Universities Rankings logo

Southern Cross University is one of the Asia-Pacific’s Top 150 Young Universities.

Quality Indicators for Learning and Teaching logo

Our postgraduate student support and satisfaction both above the national average.