Banking Graduate Jobs

Find the best Banking Graduate Jobs

Banking Graduate Jobs overview

The Australian banking sector is well developed and competitive, falling under the Financial Services Sector, which is Australia’s fourth largest industry. Our resilient economy, world-leading regulatory system, compulsory superannuation savings, highly skilled workforce and strong business infrastructure have built a strong financial sector that has become the largest contributor to the national economy, and one of Australia’s leading employers. The banking sector in particular has seen strong growth thanks to the increasing globalisation of banks, the integration of banking activities, and the growth of emerging markets. As a result, there are many roles and opportunities for career progression. 

Banking broadly refers to the following categories:

  • Corporate Finance
  • Wholesale Banking
  • Retail Banking
  • Investment Banking
  • Private Wealth Management.

Internships and programmes in banking graduate jobs

Internships are a good way to gain a pathway to a graduate job in banking as many banks offer summer intern programmes for current students. In such a competitive environment, these internships can provide graduates with an opportunity to make contacts with hiring managers and recruiters. 

Graduate positions are coveted, with recruitment often beginning while students are still at university. This process is highly competitive, usually takes a long time and involves multiple interviews and tests. Graduate programmes generally take two to three years to complete and graduates are typically rotated around different divisions. 

The main employers in the banking sector are:

  • The ‘Big Banks’, which includes the Commonwealth Bank, National Australia Bank, Westpac, ANZ, St. George and Macquarie Bank
  • Regional Banks, such as The Bank of Queensland
  • Foreign banks registered to operate via a branch, such as Bank of America
  • Subsidiaries of foreign banks that have been incorporated in Australia, such as HSBC
  • Credit Unions and building societies 
  • Non-Bank Lenders
  • Other Financial Institutions

What salary can a graduate expect in a banking job?

The banking industry is very diverse and there are many career paths available to graduates. As a result, salaries in the sector can range from $52,000 to over $150,000, with the ‘big four’ banks (Commonwealth Bank, NAB, ANZ and Westpac) generally paying higher wages than other employers.

Advice for Banking Graduate Jobs

Graduate jobs at ANZ bank
Graduate Advice

We surveyed graduates that have been there, done that. Here are their five top tips to get a graduate job at ANZ bank.

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Employer Insight

Connected, flexible and sustainable, representing Macquarie’s collaborative culture. Have a look inside our 1 Martin Place office in Sydney.

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a group of young business people networking
Graduate Advice

You’ve probably heard a lot about graduate programs throughout your study. Here are 5 reasons you should consider a graduate program.

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Videos for Banking Graduate Jobs

Graduate Stories

Will Westpac Graduate
Westpac Group
Will studied a Bachelor of Law at the University of Sydney and is proud to be part of the BT Financial Group graduate program.
J.P. Morgan
David studied Commerce (Finance) and Law
Phil BOQ Graduate
Bank of Queensland (BOQ)

A day in the life of…

BHP Graduate Profile Image- Vivian
A day in the life of…

Graduate Civil Engineer at BHP

To get to site, I catch a 2 hour flight from Perth to Port Hedland on Monday mornings and return Thursday evenings. I’m currently doing a 5/2/4/3 roster (5 days on, 2 days off, 4 days on, 3 days off). The company is really embracing flexible work which allows me to work every second Friday from the Perth office. The work is diverse, ranging from reviewing standards to designs and calculations.  There is a good balance between office and site time; on this particular day, I’m spending some time with the rail track team in Redmont (~2.5 hour car ride from Port Hedland).  

Rural Bank Graduate Profile Image- Kirk
A day in the life of…

Ag Achiever Graduate at Rural Bank