AI is the buzzword of 2025, and it’s not just in tech. Banks are now offering hefty salaries for AI roles—$250,000 or more. But is it really worth the hype?
The Shift Toward AI in Corporate Sectors
AI’s integration into industries like finance has accelerated quickly this year. Large corporations, particularly banks, are doubling down on AI to stay competitive. Roles like AI directors and heads of AI are now common, with salaries starting at a whopping $250,000 to $400,000. And it’s not just about the money—AI talent is being lured by the opportunity to shape the future of industries that have traditionally lagged in technological innovation.
Matthew Munson, managing director of Talent International, predicts that next year’s big salaries will be in the AI space. “They are being hired in the corporate sector [and] a little bit in government,” he says to AFR. Companies like Commonwealth Bank (CBA) are particularly interested in AI’s potential for streamlining operations, improving customer experience, and reducing risks. In fact, CBA recently appointed Ranil Boteju as its chief AI officer, marking a significant investment in this new frontier.
The Growing Talent Crunch
Despite the high salaries, there’s a major issue: not enough skilled workers. The demand for AI professionals far exceeds supply. As a result, companies are poaching talent, creating a fierce job market. Ellis Taylor from Real Time Recruitment points out that salaries in AI, platform engineering, and cybersecurity are going through the roof. For example, roles like head of product or founding engineer can command base salaries ranging from $250,000 to $350,000. But it’s not just the pay that’s drawing talent—it’s the chance to be at the cutting edge of innovation.
However, the competition isn’t just about big tech companies anymore. Banks and financial services firms are now in the mix, recognizing the cost savings and competitive edge AI can bring. This shift means that AI talent isn’t just being recruited by tech startups; it’s now mainstream. Banking firms are looking for everything from AI risk managers to those who can integrate AI seamlessly into customer service.
Why the Bank’s Investment Makes Sense
Banks have long been heavyweights in the data game, and now, AI is giving them a new toolkit to manage it. With AI technology embedded in everything from risk management to customer service, these firms are betting on AI to provide long-term value. It’s not just about handling data more efficiently—it’s about transforming how these institutions operate and how they interact with customers. The pace of AI innovation in financial services is only set to accelerate.
A Glimpse into 2026
The year 2026 is shaping up to be even more competitive for AI professionals. With more companies entering the AI space, including more government and corporate roles being created, the demand for skilled talent is expected to grow. For those with the right skill set, it’s a golden age to cash in. But for employers, the struggle to attract and retain AI talent is just getting started. In this new age of tech-driven banking, will Australia be able to secure the right talent to stay ahead of the game?
