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

Employer Insight

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

banking, business
Employer Insight

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Videos for Banking Graduate Jobs

Graduate Stories

Tashmin Finance And Accounting Graduate Westpac
Meet Tashmin, Finance And Accounting Graduate
Emma Austin Macquarie Group Graduate
Macquarie Group
From working with one of Australia’s largest food businesses to creating a cookbook to help communities in Sri Lanka, Emma Austin’s graduate year was anything other than ordinary.
Tazri Khan NAB Graduate
Tazri studied chemical engineering at University of Sheffield

A day in the life of…

Timon Dooley NAB Graduate

Timon Dooley studied Bachelor of Business – Financial Risk Management at Victoria University in 2017 and is now Business & Private Banking Graduate at NAB

Lucinda Boffa NAB Graduate

Lucinda Boffa studied Bachelor of Science – Extended Major of Mathematics at Monash University in 2016 and is now Data Science & Analytics Graduate at NAB