Highest-paying jobs in Australia: Have you been wondering which jobs are the highest-paying jobs in Australia? One of Australia’s best jobs that pay the most is in the medical field. There are other highest-paying jobs in Australia; read this article to find them.
At all stages of your career, staying current with work trends is crucial as knowing which professions pay the greatest annual salaries. This can be very helpful in guiding you to your Highest paying jobs in Australia decision.
On the other hand, most people’s motivation to work and lead fulfilling lives is driven mainly by money. It may seem straightforward to judge a job choice just on the pay a profession offers, but it’s crucial to understand that there are many exceptions to the rule within many industries. Additionally, remember that only some of the benefits a prosperous job or career offers can be measured.
Based on average taxable income, the Australian Tax Office (ATO) has published information on the highest-paying jobs in Australia. The database indicates that engineering, finance, and medicine are some of the professions with the highest salaries. Executive and managerial positions, among others, are also in high demand.
To help you better grasp the job market and set realistic goals, we’ll go over the highest-paying jobs in Australia in this article.
Top 15 highest-paying jobs in Australia
Medical professionals are at the top of the list of high earners shouldn’t come as a surprise; after all, their professions demand a lot of studying, work, pressure, and long hours.
Even though there are hundreds of medical specializations, we have selected a few of them to help you understand the highest-paying jobs in Australia across different industries.
- Internal Medicine Specialist
- Financial Dealer
- Other Medical Practitioners
- Judicial or other legal professionals
- Mining Engineer
- Engineering Manager
- Financial Investment Adviser or Manager
- CEO or Managing director
- Quantitative analyst
- Vice president
- Director of information security
- Enterprise and software architect/manager
one of the top highest-paying jobs in Australia is in the medical field. Doctors who consult with, assess, and perform surgery on patients with illnesses, wounds, or abnormalities are known as surgeons.
The highest-paid occupation is that of the surgeon, who earns an average of $406,068 per year or $4,703 per week after taxes. According to various reports, many surgeons generally enjoy high levels of total job satisfaction and increased pay (they are saving lives, after all).
There are many kinds of surgeons, and the type of surgery, level of competence, and qualifications significantly impact one’s pay. Neurosurgeons made the most money among all medical experts, with an average salary of $600,387. Reconstructive surgeons ($500,269) and ophthalmologists ($533,511)
The anesthetist is another highest-paying job in Australia. By managing pain, preparing for the surgery, and setting up a plan for the patient’s aftercare, anesthetists assist surgical patients in preparing for their procedures.
Second-placed anesthesiologists make an average of $388,814, or about $4,527 per week after taxes. The ATO estimates that 3,509 people were employed in the profession during the reporting period, making it a relatively small one.
Internal Medicine Specialist
Internal medicine specialist is the third highest-paying job in Australia. Experts in internal medicine are trained to find, manage, and treat complicated, sometimes hard-to-diagnose health problems. They often talk to other doctors and may focus on areas like rheumatology, infectious diseases, cardiology, or medicine for older people.
Internal medicine specialists get an average salary of $310,848 a year, or $3,732 after taxes, making them the third highest-paid occupational group. There can be a significant disparity in income because the group encompasses a variety of professions, including specialized physicians, cardiologists, endocrinologists, neurologists, and pediatricians. An endocrinologist’s average taxable income is $257,975, whereas a cardiologist’s average taxable income is $464,243.
Financial dealers consider their client’s financial status, societal trends, market conditions, and governmental regulations to acquire and sell commodities for a profit.
The financial services sector pays the second highest wages after the medical industry, making it one of Australia’s highest-paying jobs. As financial dealers, stockbrokers, and individuals who purchase and sell stocks on behalf of clients make an average salary of $279,790, or approximately $3,416 per week after taxes.
Psychiatrists come in second, with an average yearly salary of $252,691 (or $3,140 per week after taxes) they would always be on the list of any highest-paying jobs in Australia. In Australia, there are not many psychiatrists, and the government has previously predicted that there will be a severe shortage by 2030.
Psychiatrists are specialists in recognizing and managing mental health issues. They use psychotherapy, develop treatment programs, ask for exams and laboratory tests, prescribe medicine, and check patients into hospitals to achieve this.
Other Health Professionals
Radiation oncologists, dermatologists, gynecologists, ophthalmologists, pathologists, and other medical professionals fall under “other medical practitioners.” workers in this field can earn a good sum of money. the job is one of the highest-paying jobs in Australia.
This is the list’s largest occupational category. Once more, earnings can vary greatly depending on the work. However, according to the ATO, ‘other medical practitioners’ typically earn $232,903 in taxable income annually or $2,938 per week after taxes.
Judiciary or other legal experts
The next highest-paying jobs in Australia are judicial and “other legal professionals,” who get an average of $189,538 a year, or around $2,496 per week after taxes. Judges and magistrates fall under this occupational category; attorneys and lawyers do not. Interestingly, the ATO also includes articled clerks in this group, which lowers the average pay. For instance, the average articled clerk’s taxable income is $71,774, while the average judge’s is $423,945.
Australia’s national average for mining engineers is $150,000 per year, or $76.92 per hour. Most experienced workers earn up to $189,063 per year, while entry-level occupations start at $123,292 annually. In Australia, there is a huge demand for mining engineers and a promising future for job growth. Most mining engineers in Australia are employed in rural and regional areas. The majority of them work full-time, and their typical workweek consists of 52 hours.
The following group is engineering managers in charge of organizing and supervising engineering projects. Engineering managers earn $161,514 yearly in taxable income or $2,182 weekly after taxes. it is one of the highest-paying jobs in Australia
Financial Investment Adviser or Manager
one of the highest-paying jobs in Australia is the Financial investment adviser or manager. Every week, their annual taxable income averages $155,882, or $2,116 after taxes. While financial investment managers get an average salary of $331,812, financial advisers typically earn $119,606 a year.
CEO or Managing Director
The most senior executive role in a corporation, known as the chief executive officer or managing director, is driving the business’s operations, structure, personnel, and resources. it is one of the highest-paying jobs in Australia. They earn an average salary of $164,896. The creation of business plans, budgets, and strategies is under the direction of general managers, who also identify risks that may impact the firm’s profitability and productivity, and efficiency.
The typical wage is $153,539. A quantitative specialist, or “quant,” analyses financial data and manages risk using statistics and mathematics. it is one of the highest-paying jobs in Australia. The quantitative analyst helps the business make wise decisions about investments, pricing, and the company’s overall operation. It is a widely sought-after position as enterprises recognize the need for risk assessment and management in a volatile economy.
The typical wage is $151,358. A senior executive controls a company’s organization, short- and long-term operations, personnel, and resources.
Assisting with day-to-day business plans, budgets, and strategies as well as identifying risks that could affect the company’s efficiency, productivity, and ultimately its profitability, vice presidents, in particular, are responsible for overseeing training procedures to upskill, educate, or managing employees.
Information security director
$149,204 is the average wage. It is one of the highest-paying jobs in Australia. Information security directors are in charge of protecting corporate data and thwarting security threats. Depending on the type of organization or business, requirements and employee expectations can vary substantially.
They also have daily responsibilities for human resources, such as hiring, firing, and training, as well as financial requirements, including budgeting, resource allocation, strategy, and the application of security, data, and technology policies and procedures.
Enterprise and software architect/manager
$138,933 to $142,355 in salary on average for an Enterprise and software architect or manager. this job role is one of the highest-paying jobs in Australia.
Enterprise and software architects manage the implementation and installation of software and hardware and upgrade and improve the organization’s IT networks. In the digital era, staying on top of IT developments and advancements that might offer your business an edge is a task that is becoming more and more crucial.
Conclusion: Highest-Paying jobs in Australia
Several variables, such as stability, potential, work-life balance, and company culture, will affect the industry, business, and field you want to work in. Still, your salary will also play a significant role. It is essential to have the resources to sustain our family and ourselves, even if we may not enter the workforce to earn money.
There’s a strong chance you can combine your love with a solid wage if you are interested in medicine, law, finance, business, or IT. However, there are recurring characteristics, such as education, professional experience, and a sincere passion for your line of work, so make sure that you are well-groomed in the career you choose.