Banking Jobs in Australia with Visa Sponsorship for Foreigners in 2025

Australia’s thriving financial sector offers abundant opportunities for foreigners seeking banking jobs with visa sponsorship. From roles in investment banking to customer service and compliance, skilled professionals are in demand. 

Employers are offering competitive salaries, relocation packages, and visa sponsorship options, making it an ideal destination for global banking talent to build a rewarding career.

This guide explores the qualifications needed for banking jobs in Australia, showcases leading financial institutions offering visa sponsorship, and shares essential application links to kickstart your journey today.

Eligibility Criteria and Requirements for Banking Jobs in Australia with Visa Sponsorship

Candidates must meet specific requirements to qualify for banking jobs in Australia with visa sponsorship:

• Educational Qualifications: A bachelor’s degree in finance, accounting, economics, or a related field is typically required. Advanced roles may demand postgraduate qualifications, such as an MBA or a specialized certification.
• Relevant Work Experience: Candidates should have experience in banking, financial services, or a specific area like investment analysis, compliance, or risk management.
• English Language Proficiency: Proficiency in English is mandatory, often proven with a minimum IELTS score of 7.0 or equivalent in other recognized tests.
• Core Skills and Competencies: Strong analytical, communication, and customer service skills are essential for handling financial operations, client interactions, and problem-solving effectively.
• Knowledge of Financial Regulations: Familiarity with Australian financial laws and compliance standards is a significant advantage, especially for regulatory or advisory roles.
• Visa Sponsorship Eligibility: Candidates must meet the criteria for work visas like the Temporary Skill Shortage (TSS) visa (subclass 482), which typically includes a valid job offer from an approved employer.
• Background Checks: Applicants may need to pass credit history and criminal record checks, ensuring they meet the industry’s integrity standards.

How to Find and Apply for Banking Jobs in Australia with Visa Sponsorship as a Foreigner

Here are the steps to find and apply for banking jobs in Australia as a foreigner:

Step 1: Research Banking Job Opportunities

Start by identifying the specific banking roles that match your qualifications and experience, such as investment banking, financial advising, compliance, or customer service. 

Explore job boards like Seek, Indeed, and LinkedIn, as well as the careers pages of leading Australian banks like Commonwealth Bank, Westpac, and ANZ.

Step 2: Check Visa Sponsorship Availability

Look for employers explicitly offering visa sponsorship in their job postings. Keywords like “visa sponsorship available” or “482 visa sponsorship” can help you filter opportunities. Employers often indicate sponsorship availability for roles in high-demand areas.

Step 3: Tailor Your Resume and Cover Letter

Customize your application materials to align with Australian standards. Highlight your qualifications, relevant banking experience, and transferable skills. 

Emphasize your adaptability and understanding of Australian financial regulations to make your application stand out.

Step 4: Verify Eligibility and Requirements

Ensure you meet all eligibility criteria, including academic qualifications, work experience, and English proficiency requirements (e.g., IELTS score). Check the visa requirements for subclass 482 or 186 to confirm your eligibility.

Step 5: Network with Industry Professionals

Engage with Australian banking professionals through LinkedIn, webinars, or industry events. Networking can help you learn about hidden job opportunities and increase your chances of securing an interview.

Step 6: Apply Directly or Through Recruitment Agencies

Submit your applications directly on bank websites or through reputable recruitment agencies specializing in banking jobs. 

Agencies like Hays Banking and Robert Walters often assist foreigners in finding roles with visa sponsorship.

Step 7: Prepare for Interviews

Familiarize yourself with common Australian banking interview formats, which may include behavioral and technical questions. 

Be ready to discuss your previous roles, problem-solving skills, and understanding of compliance or risk management practices.

Step 8: Finalize Your Visa Application

Once offered a job, your employer will initiate the visa sponsorship process. Collaborate closely to provide necessary documentation, such as proof of qualifications, work experience, and health or character certifications.

Step 9: Plan Your Relocation

After your visa is approved, start preparing for your move to Australia. Arrange accommodation, familiarize yourself with Australian workplace culture, and ensure all personal and professional documents are in order.

Step 10: Begin Your Career in Australian Banking

Settle into your new role and take advantage of professional development opportunities offered by your employer to build a rewarding banking career in Australia.

Top Financial Institutions Offering Banking Jobs In Australia With Visa Sponsorship

Here are the top financial institutions offering visa sponsorship for banking jobs in Australia:

Commonwealth Bank of Australia (CBA)

The Commonwealth Bank of Australia is one of the country’s largest and most established financial institutions, offering a range of banking services, including retail, business, and institutional banking. 

CBA actively recruits skilled foreign workers and provides visa sponsorship opportunities for eligible candidates in roles like financial analysts, compliance officers, and relationship managers. 

Applicants must meet educational and professional experience requirements, and proficiency in English is essential for most positions.

To apply, visit the official CBA careers page where you can find detailed job listings, visa sponsorship options, and application instructions. 

Westpac Banking Corporation

Westpac is one of Australia’s “big four” banks, known for its extensive services in retail, business, and corporate banking.

They offer visa sponsorship for qualified foreign workers, particularly in areas like investment banking, financial services, and risk management. 

Applicants should have relevant qualifications, such as a finance degree, and must meet English proficiency standards. Westpac prioritizes candidates with experience in banking or financial services, as well as those familiar with Australian financial regulations.

Interested applicants can explore available opportunities and apply through the Westpac careers page. 

ANZ Banking Group

ANZ is another major player in Australia’s banking sector, providing multiple services in consumer, business, and corporate banking. 

They offer visa sponsorship for qualified foreign professionals in roles such as compliance officers, business analysts, and relationship managers. 

To qualify, applicants should have a background in finance or related fields, with experience in the banking industry being highly advantageous. English language proficiency, typically evidenced by an IELTS score of 7.0 or higher, is required. 

Job seekers can visit ANZ’s career portal to explore job opportunities and apply directly.

National Australia Bank (NAB)

National Australia Bank, a leader in the Australian banking industry, provides banking and financial services to both individuals and businesses. NAB offers visa sponsorship for skilled foreign workers in roles like financial analysts, compliance officers, and loan officers. 

Foreign candidates applying for roles at NAB need to meet the educational requirements, demonstrate relevant work experience, and have a strong understanding of Australian banking regulations. 

Visit the NAB careers website to search for job listings and submit your application.

Macquarie Group

Macquarie Group is a global financial services provider based in Sydney, with a focus on investment banking, asset management, and financial advisory services. 

The company offers visa sponsorship for foreign professionals with relevant banking expertise, particularly in investment banking, financial advisory, and risk management. 

Applicants should possess strong analytical skills, a finance-related degree, and experience in global financial markets. Macquarie provides competitive salaries and benefits, along with opportunities for career advancement. 

Job seekers can apply directly through the Macquarie Group careers page.

The Average Salary for Banking Jobs in Australia with Visa Sponsorship

Here’s a breakdown of the average salary for banking jobs in Australia with visa sponsorship:

National Average Salary for Banking Jobs in Australia

• Hourly Wage: The average hourly wage for banking jobs in Australia ranges from AUD 30 to AUD 70 depending on the role and level of experience.
• Annual Salary: On average, banking professionals earn AUD 70,000 to AUD 120,000 annually. High-level roles, such as investment bankers or senior risk managers, can earn upwards of AUD 150,000 or more per year.

Salaries by City

• Sydney: As Australia’s financial hub, banking jobs in Sydney tend to have higher salaries. Financial analysts in Sydney can earn between AUD 80,000 and AUD 120,000 annually, while senior positions such as relationship managers can earn up to AUD 180,000.
• Melbourne: Similar to Sydney, Melbourne offers competitive salaries for banking professionals, with average salaries ranging from AUD 75,000 to AUD 115,000.
• Brisbane: Salaries in Brisbane are slightly lower compared to Sydney and Melbourne, with an average of AUD 70,000 to AUD 110,000 for most banking roles.
• Perth: Banking jobs in Perth offer salaries ranging from AUD 70,000 to AUD 100,000, with senior roles paying up to AUD 140,000 annually.
• Adelaide: Banking professionals in Adelaide earn an average of AUD 65,000 to AUD 95,000 annually, with senior roles offering more competitive salaries.

Salaries by States and Territories

• New South Wales: Home to Sydney, the largest financial market, banking salaries in New South Wales are generally the highest, ranging from AUD 80,000 to AUD 130,000 annually.
• Victoria: Banking jobs in Victoria, particularly in Melbourne, offer salaries ranging from AUD 75,000 to AUD 120,000, with higher earnings for senior professionals.
• Queensland: In Queensland, salaries for banking professionals typically range from AUD 70,000 to AUD 110,000, depending on experience and location.
• Western Australia: Salaries in Western Australia range from AUD 70,000 to AUD 110,000 annually, with some higher-paying roles in the mining or corporate sectors.
• South Australia: Banking professionals in South Australia typically earn between AUD 65,000 and AUD 100,000 annually.

Employment Types and Divisions

• Full-time: Most banking jobs in Australia are full-time, with annual salaries ranging from AUD 70,000 to AUD 150,000 depending on experience and job role.
• Part-time: Part-time banking roles generally pay AUD 35 to AUD 60 per hour, depending on the job type and seniority.
• Contractor/Consultant: Contractors and consultants in banking may earn higher hourly rates, ranging from AUD 60 to AUD 150 per hour, depending on their expertise and the specific contract terms.
• Internships/Graduate Roles: Entry-level positions such as internships or graduate roles in banking pay between AUD 50,000 and AUD 65,000 annually.

Salaries by Experience Levels

• Entry-level: For junior roles like bank tellers, customer service representatives, and finance assistants, salaries start from around AUD 50,000 annually.
• Mid-level: Professionals with 3 to 5 years of experience in banking, such as financial analysts and loan officers, can earn AUD 70,000 to AUD 100,000 annually.
• Senior-level: Experienced professionals, including relationship managers, compliance officers, and senior financial analysts, earn AUD 100,000 to AUD 150,000 annually, with some roles paying significantly more.
• Executive-level: Senior executives, such as branch managers, regional directors, and investment bankers, can earn AUD 150,000 to AUD 250,000+ annually, with bonuses and profit-sharing potentially adding to the total compensation.

Industries and Divisions

• Retail Banking: Average salaries for retail banking positions (e.g., bank tellers, personal bankers) range from AUD 55,000 to AUD 85,000 annually.
• Investment Banking: Investment bankers and analysts in Australia typically earn AUD 100,000 to AUD 250,000, depending on experience and role.
• Corporate Banking: Salaries in corporate banking range from AUD 85,000 to AUD 150,000 for mid to senior-level professionals.
• Private Banking: Private banking professionals, such as wealth managers and private client advisors, often earn between AUD 90,000 and AUD 180,000 annually.
• Risk and Compliance: Professionals in risk management and compliance roles can expect to earn between AUD 85,000 and AUD 130,000 annually.

Benefits of Banking Jobs In Australia With Visa Sponsorship

Here are the benefits:

Attractive Salary Packages

Banking jobs in Australia offer competitive salaries that are among the highest in the country. Professionals in banking roles benefit from generous compensation packages, with base salaries ranging from AUD 70,000 to AUD 120,000 annually for mid-level roles. 

Senior professionals, such as investment bankers or risk managers, can earn even higher salaries with performance bonuses and other incentives. 

These financial rewards make banking an attractive career for foreigners seeking visa sponsorship.

Career Advancement Opportunities

Australia’s banking industry offers numerous opportunities for career growth. With a strong focus on professional development, employees can pursue continuous education, certifications, and leadership programs that enhance their career trajectory. 

Major Australian banks, such as Commonwealth Bank and Westpac, invest in training programs and mentorship, providing employees with the skills they need to advance within the organization. 

Visa-sponsored employees also benefit from structured career pathways that can lead to senior positions and higher salaries.

Work-Life Balance

Australian employers prioritize work-life balance, and banking institutions are no exception. With standard working hours generally ranging from 38 to 40 hours per week, banking professionals enjoy a balanced lifestyle.

Many banks offer flexible working arrangements such as remote work or compressed hours, enabling employees to balance their professional and personal lives effectively.

Comprehensive Employee Benefits

In addition to attractive salaries, banking jobs in Australia come with a range of benefits, including health insurance, retirement contributions, paid leave, and employee wellness programs. 

These benefits vary by employer but generally provide financial security and peace of mind for employees and their families. 

Many banks offer additional perks such as staff discounts on banking products, financial planning assistance, and employee stock options.

Visa Sponsorship and Pathway to Permanent Residency

For foreign workers, securing a banking job in Australia with visa sponsorship opens up a pathway to permanent residency. 

With sponsorship programs such as the Temporary Skill Shortage (TSS) visa (subclass 482) and Employer Nomination Scheme (ENS) visa (subclass 186), foreign workers can stay in Australia for an extended period. 

After gaining sufficient work experience, you may be eligible for permanent residency, leading to long-term career stability and permanent settlement in Australia.

Exposure to a Thriving Financial Market

Working in banking in Australia allows professionals to be part of one of the most advanced and stable financial systems in the world. 

Australia is home to leading financial institutions and a highly regulated banking industry, which offers exposure to cutting-edge financial products, investment strategies, and regulatory practices. 

This experience can significantly enhance your professional portfolio, opening doors to opportunities globally.

Cultural Diversity and Inclusive Work Environment

Australia is a multicultural society, and its banking sector reflects this diversity. Working in banking in Australia allows you to interact with people from various cultural backgrounds, enhancing your global perspective. 

The inclusive nature of Australian workplaces ensures that all employees, regardless of nationality, are treated equally and respected. 

Additionally, many banks are committed to diversity and inclusion initiatives, which help create an open and supportive work environment for foreign workers.

Job Security and Stability

The Australian banking industry is one of the most secure sectors in the country, with major banks being well-capitalized and consistently ranked among the world’s top financial institutions. As a result, banking professionals enjoy job security, even in times of economic uncertainty. 

The stability of the industry ensures that foreign workers in banking positions can enjoy long-term employment prospects and a stable career path in Australia.

International Work Opportunities

Working for major Australian banks can open up international career opportunities, as many of the country’s leading financial institutions have a global presence. 

Employees may have the chance to work in international offices, gaining experience in other markets while contributing to the global expansion of their employer. This provides an exciting opportunity for those interested in expanding their careers beyond Australia.

Vibrant Living Environment

Australia offers a high standard of living, with world-class healthcare, excellent education systems, and diverse cultural and recreational activities. 

Major cities like Sydney, Melbourne, and Brisbane are known for their vibrant lifestyle, offering a range of experiences, from outdoor activities and beaches to art galleries and culinary delights. 

Living in Australia provides a high quality of life that attracts professionals from all over the world.

Frequently Asked Questions

Which occupation is in high demand in Australia for foreigners?

In addition to banking roles, occupations in high demand in Australia for foreigners include IT professionals, engineers, healthcare workers, and skilled tradespeople, all of which may be eligible for visa sponsorship.

Which is the best bank to work for in Australia?

The best banks to work for in Australia depend on the role and career goals. Commonwealth Bank and ANZ are popular for their career growth opportunities, work-life balance, and employee benefits, while Macquarie Bank is known for competitive salaries and innovative projects.

What position in banking makes the most money in Australia?

The highest-paying positions in Australian banks are typically senior roles such as investment bankers, risk managers, portfolio managers, and senior financial analysts, with salaries often exceeding AUD 150,000 annually.

Which Australian banks use visas?

Most major Australian banks, including Commonwealth Bank, Westpac, NAB, and ANZ, offer visa sponsorship for qualified foreign professionals, particularly for high-demand roles in finance and banking.

Do banks pay well in Australia?

Yes, banks in Australia pay competitive salaries, especially for skilled roles in areas like investment banking, risk management, and financial analysis. Salaries typically range from AUD 70,000 to AUD 150,000 annually, with senior positions offering higher compensation.

How much money do you need in your bank to work in Australia?

The amount of money needed in your bank to work in Australia depends on the visa requirements and cost of living. Generally, visa applicants must demonstrate they can support themselves financially, with an amount of around AUD 5,000 to AUD 10,000 for living expenses as a starting point.

Which banks hire the most in Australia?

Commonwealth Bank, ANZ, Westpac, and NAB are among the banks that hire the most in Australia, offering a wide range of roles in retail banking, corporate banking, financial analysis, and risk management, with frequent job openings and sponsorship for foreign talent.