How Much Should You Be Earning (by Job & City)?
Benchmark your salary against industry and city averages. Find out if you’re being paid what you’re worth.
What You'll Learn
This quiz will help you determine if your current salary is competitive based on your job role, experience level, location, and industry in Australia. You'll gain insights into market rates and factors that influence earning potential.
How Much Should You Be Earning (by Job & City)?
Question 1 of 10Which city do you work in?
💰 Ready to grow your money?
- 🔹 Raiz: Microinvest your spare change
- 🔹 Swyftx: Trade crypto with confidence
We may receive a commission from our partners if you sign up through these links. This helps us keep our tools free.
Explanation
Your earning potential is influenced by multiple factors including your skills, experience, industry, location, and current market conditions. This quiz compares your current earnings with Australian market rates to help you understand if you're being paid fairly.
Expert Insights
- Salary expectations can vary by 15-30% between major Australian cities for the same role.
- Experience typically increases earning potential, but the rate of increase often plateaus after 10-15 years unless you move into management.
- Negotiating your starting salary is crucial, as it sets the baseline for future increases.
Actionable Tips
- Research salary ranges for your role using multiple sources including job boards, recruitment agencies, and industry reports.
- Document your achievements and the value you bring to your organization to support salary negotiations.
- Consider the total compensation package, including superannuation, bonuses, and benefits, not just the base salary.
Example Results
Underpaid
Your salary is below market rates for your role and location. Action: Use our Job Comparison Tool to gather data for a salary negotiation or to explore other opportunities.
Market Rate
You're being paid appropriately for your role and experience. Action: Focus on skill development and taking on additional responsibilities to position yourself for future advancement.
Above Market
You're earning above average for your position. Action: Ensure you're delivering exceptional value and continue to develop skills that justify your premium compensation.
Glossary of Terms
Market Rate
The typical salary range paid for a specific role in a particular location and industry.
Total Compensation
The complete package of salary and benefits, including base pay, superannuation, bonuses, and non-monetary benefits.
Salary Banding
A structured system organizations use to determine salary ranges for different positions based on factors like responsibility level and required skills.