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By Vikrant Singh, March 05 2025
The accounting profession in Australia continues to be a vital part of the nation’s economy, with
198,300 professionals currently employed in the sector. According to Jobs and Skills Australia, accountants play a crucial role in financial reporting, taxation, auditing, and compliance, ensuring businesses and individuals adhere to statutory and strategic governance requirements.
Key Statistics at a Glance
Total Employed: 198,300 accountants
Part-time Employment: 15%
Female Representation: 53%
Median Weekly Earnings: $1,841
Median Age of Accountants: 41 years
Annual Employment Growth: +2,200 jobs
Roles and Responsibilities of Accountants
Accountants are responsible for various financial tasks, including:
Formulating budgetary and accounting policies.
Preparing financial statements for companies and statutory bodies.
Conducting financial audits and investigations.
Advising on business mergers, taxation, and financial risk management.
Implementing accounting systems and ensuring compliance with financial regulations.
Types of Accountants (ANZSCO 2211)
Accounting jobs are classified into three primary categories under the Australian and New Zealand Standard Classification of Occupations (ANZSCO):
General Accountants (221111)
Management Accountants (221112)
Taxation Accountants (221113)
Earnings and Work Hours
A comparative analysis of accountants’ earnings and work hours against the national average for all occupations highlights the financial benefits of working in this profession.
Factor | Accountants | All Occupations |
Share of Full-time Workers | 85% | 77% |
Average Full-time Weekly Hours | 39 hours | 38 hours |
Median Weekly Earnings | $1,841 | $1,500 |
Median Hourly Earnings | $49 | $44 |
Industries Employing Accountants
Accountants work across several industries, with the highest employment concentration in:
Professional, Scientific, and Technical Services
Financial and Insurance Services
Public Administration and Safety
State-wise Distribution of Accountants
The demand for accountants varies by region, with New South Wales (33.2%) and Victoria (30.9%) employing the most accountants.
State/Territory | Employment Share |
New South Wales | 33.2% |
Victoria | 30.9% |
Queensland | 15.8% |
South Australia | 4.9% |
Western Australia | 10.7% |
Tasmania | 1.5% |
Northern Territory | 0.8% |
Australian Capital Territory | 2.2% |
Age and Gender Trends in Accounting
Median Age: 41 years (compared to 42 years for all occupations)
Female Share of Workforce: 53% (higher than the national average of 49%)
Educational Qualifications of Accountants
Accountants in Australia generally have higher educational qualifications than the average workforce. The majority hold a bachelor’s degree or higher.
Education Level | Percentage of Accountants |
Postgraduate/Graduate Diploma | 20% |
Bachelor’s Degree | 60% |
Advanced Diploma/Diploma | 15% |
Certificate III/IV | 3% |
Year 12 or Below | 2% |
Future Outlook for Accountants in Australia
With a steady annual employment growth of +2,200 jobs, the accounting profession remains a stable and rewarding career choice. Ongoing digital transformation and regulatory changes continue to shape the industry, requiring professionals to stay updated with the latest accounting software, tax laws, and compliance requirements.
For those looking to enter or advance in the accounting field, pursuing a bachelor’s degree and accreditation with a professional accounting body is highly recommended. Registration with one of Australia’s three peak accounting bodies is required for most accounting roles, ensuring industry standards and professional development.
For more insights on careers in accounting, visit Jobs and Skills Australia or explore higher education and vocational training opportunities through Course Seeker and Your Career.
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