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

banking, business
Employer Insight

We asked Westpac graduates for their insider tips on how you can secure a job at Westpac - here are their top four hints.

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Employer Insight

Take a sneak peak inside AMP office at Circular Quay, Sydney.

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Employer Insight

GradAustralia surveyed recent graduates at NAB to bring you the top five tips for applying to the NAB graduate program.

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Videos for Banking Graduate Jobs

Graduate Stories

Medibank Graduate Profile Image- Talea
Medibank
Talea Loeskow studied a Bachelor of Business Management, Major in Marketing at The University of Queensland and graduated in 2017
Hood Sweeney Graduate Profile Image- Scott
Hood Sweeney
Scott is studying Bachelor of Commerce (Accounting & Finance) at the University of Adelaide, 2019 graduate
Jane Zou Macquarie Group Graduate
Macquarie Group
“I’ve worked on projects alongside senior executives and co-chaired the Graduate Volunteer Network, which raised more than $300,000 for charity.”

A day in the life of…

Karen Yin AMP Graduate
A day in the life of…

Graduate Business Analyst at AMP

Karen Yin graduated with a Bachelor of Business and Science in IT from University of Technology Sydney, and is now a Graduate Business Analyst at AMP.

BHP Graduate Profile Image- Mansi

I have been working at the Olympic Dam mine for the past year and I have to say, it has been an amazing experience so far! Olympic Dam is located in South Australia and I live in a town about 20km away from the site. Our site is quite unique because we go through the entire process from mining the ore to selling the final products all at the same site – how cool is that!? We produce copper, uranium and even silver and gold! 

Events for Banking Graduate Jobs

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EY

EY's NextWave Data Science Challenge is aimed at finding the next generation of data science superstars and you may be one of them!

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Morgan Stanley

Are you interested to explore a career in Investment Banking?

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Morgan Stanley

Are you interested to explore a career in Investment Banking?