The average age of accountants in Australia is 38 years old, only slightly younger (by two years) than the national average for all workers. There’s also an almost 50:50 split between the genders for qualified accountants, though at the bookkeeping level 90 percent of workers are female.
Who are Australia’s accountants?
According to the federal Department of Jobs and Small Business, there were almost 190,000 accountants working in Australia as of 2017 – that’s a lot of accountants! But who are they and what does their working life look like? Here are six facts about the demographics of Australia’s accountants.
They’re earning the big bucks
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The average accountant is earning $1,400 a week pre-tax. That’s almost $200 more than the average for all other professions. However, accounting salaries vary hugely based on experience, with a graduate accountant earning $50,000 per year on average, but that figure can skyrocket to above the six-figure mark after only a few years.
They’re highly trained
The vast majority of accountants hold at least a Bachelor of Business, with many having undertaken a postgraduate study as well. This level of study is needed in order to join a professional accounting body and become a Chartered Accountant.
Their roles are varied
Within the field of accounting, there are lots of specialisations, such as business advisory, tax compliance, internal and external auditing, risk management, financial forensics, management consulting and a whole array of other activities.
Workin’ 9 to 5
Four out of five accounting jobs are full-time, slightly above the average for all other professions. This could be good or bad, depending on what you’re looking for, but many organisations are moving towards offering flexible working arrangements if full-time isn’t what you’re looking for.
The federal Department of Jobs and Small Business predicts that in the five years leading up to 2022, the number of accounting jobs will increase by 16 percent to just over 200,000 workers. As of 2016, unemployment for accountants was lower than the national average.
Join the ranks of Australia’s accountants
Thinking of becoming an accountant? Get qualified through one of Australia’s great Registered Training Organisations. Find out more here.