Typical local-market pay: A$117,227/year (Verified ABS Employee Earnings Aug 2024 · Jobs and Skills Australia). Lifestyle equivalent of a New York $150,000 salary: A$145,362/year (COLI-scaled, not market pay). COLI rank #27 of 113.
COLI-scaled lifestyle-equivalent range for a investment banker in Melbourne (NYC baseline × COLI 68.2 / 100). This is not local market pay.
Highest COLI-scaled lifestyle equivalents (not local market pay):
| City | Local market | Lifestyle equivalent | Take-Home |
|---|---|---|---|
| Zurich | CHF 87,506 | CHF 148,760 | 61% |
| Geneva | CHF 87,506 | CHF 144,142 | 57% |
| New York | $150,000 | $150,000 | 63% |
| San Francisco | $150,000 | $146,400 | 64% |
| Singapore | S$121,152 | S$171,372 | 76% |
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Try Wise for Free →Local-market pay for a investment banker in Melbourne is approximately A$117,227/year (Verified · ABS Employee Earnings Aug 2024 · Jobs and Skills Australia). Separately, the lifestyle equivalent of a New York $150,000 salary is A$145,362 (COLI 68.2, NYC = 100). That equivalent is not what someone earns locally. COLI-scaled entry/senior lifestyle equivalents: A$77,526 – A$339,177.
After income tax and social contributions in Australia, a investment banker in Melbourne takes home approximately 78% of their gross salary, or around $5,356/month ($64,268/year in USD equivalent).
Melbourne ranks #27 out of 113 cities on COLI-scaled lifestyle equivalent for investment bankers (not local market rank). The top city on that equivalent scale is Zurich.