Tyler Wren’s 2025 BFSI Salary Guide

Tyler Wren’s 2025 BFSI Salary Guide brings together insights from banking, financial services, insurance, and risk & compliance professionals across New Zealand and Australia. Whether you are a hiring manager benchmarking salaries or a professional planning your next career move, this guide provides a clear picture of market trends and opportunities.

Salary Growth at the Senior End

Wage growth remains steady for most professionals, but the senior end shows the strongest gains. Over 10% of professionals received increases of $20,000 or more this year. This reflects strong competition for experienced talent in compliance, risk, and commercial broking. At the same time, more than half of respondents report dissatisfaction with their current salary. Employers who fail to keep pace with expectations face retention risks.

Insurance Broking: Sector in Transition

The general insurance broking sector has bounced back since late 2024, and brokerages are actively hiring again. Demand is highest for mid-market and senior brokers who can grow books, retain clients, and manage complex risk. A shortage of mid-tier talent continues to create wage pressure at the senior level. Juniors struggle to access portfolios needed for progression. Without stronger investment in training and mentoring, the industry risks a long-term succession gap.

Risk and Compliance: Premiums for Expertise

Risk and compliance professionals remain highly sought after. Regulatory changes driven by CoFI, the Deposit Takers Act, and AML/CFT reforms in New Zealand, alongside governance reforms in Australia, have pushed salaries upward. Senior managers and heads of compliance now command six-figure packages. Meanwhile, AML and financial crime specialists continue to attract premium rates. Professionals with hybrid skills across compliance and digital transformation are in highest demand.

Benefits Beyond Salary

Salary is no longer the only factor driving career moves. Flexible working remains the top priority, with nearly 80% enjoying hybrid arrangements. Other benefits, including additional KiwiSaver or super contributions, health insurance, career progression plans, and car parking, also matter but are less commonly offered. Employers who combine competitive salaries with meaningful benefits are emerging as employers of choice.

Moving Across the Ditch

Australia continues to attract New Zealand professionals. Around 75% of those considering relocation target Sydney, Melbourne, or Brisbane. With higher salaries and strong demand for compliance, insurance, and advisory roles, trans-Tasman mobility is a defining feature of the market.

Key Takeaways for 2025

The BFSI sector is in transition. Salary growth is strongest at the senior end, but dissatisfaction is rising. Progression remains a gap for many. Employers must act fast to secure and retain top talent by balancing pay with flexibility, development, and lifestyle benefits. Professionals should stay informed about market value and align with employers who invest in career growth and wellbeing.

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Download the full 2025 BFSI Salary & Benefits Guide here: https://tylerwren.co.nz/salary-guide/

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2025 BFSI Salary Guide: Trends in Banking, Insurance, Risk & Compliance