If you’re looking for a career that pays well, you might consider becoming an engineer. Here are some of the highest paying jobs in Australia for engineers. Also check out the highest paying medical jobs in Australia and legal jobs. These are just a few of the many professions that pay well in Australia.
Highest paying jobs in Australia.
One of the highest paid jobs in Australia is that of a medical doctor. This profession requires a Bachelor of Medical Studies, Doctor of Medicine, internship in a reputed hospital, and registration with the Medical Board of Australia. Another of the highest paying jobs in Australia is that of a chief technology officer (CTO). Due to the rapid growth of AI and big data, this role is one of the fastest growing. A CTO is responsible for the technical aspects of an organisation, including managing its resources and ensuring that it is digitally-ready.
The Australian Taxation Office (ATO) has released statistics on the highest paying occupations in Australia. According to the ATO data, the three highest paying occupations are engineering, finance, and medicine. Executive and managerial positions are also in high demand. For the postcodes that have high salaries, New South Wales, Victoria, and Western Australia top the list. Queensland, on the other hand, fails to make the cut.
The Great Job Boom in Australia has created a high demand for workers. As a result, many roles are experiencing a pay rise. The SEEK table below shows the top paying jobs in Australia, categorized by industry.
Engineers: Highest paid engineering jobs in Australia.
The demand for engineers in Australia is rising due to an increase in government-funded infrastructure projects. These jobs are a popular choice for those seeking high technical skills and a high pay. In addition, the salaries of engineers in Australia are higher than in many other professions. The fourth industrial revolution will have a major impact on many industries and will require people with the right skills to develop them.
The range of engineering jobs in Australia is broad and varied. There are specialised roles in mining and energy, including geological and petroleum engineering. These roles require tertiary education and industry experience. The federal government projects that there will be a high demand for these jobs by 2022.
Highest paid engineering jobs in Australia tend to be management-level positions. These individuals are in charge of planning and executing technical operations. They are paid an average salary of $147,451 a year. The qualifications required for such positions are generally a Bachelor’s degree from an accredited university and a Masters of Engineering degree. Dual degrees can provide a better level of qualification. Having a strong technical and analytical aptitude is necessary to succeed in this profession.
Civil engineers work in public sector, and are responsible for planning and evaluating various projects. They analyze public infrastructure, such as roads and maps, and they test foundations and other structures.
Lawyers: Best paid legal jobs in Australia.
The best paid legal jobs in Australia can make you a six-figure salary. However, not all lawyers earn that much. Some earn more than others because they specialize, or they work more hours in school or in their job. It’s important to know that there are some requirements for those who want to earn the most in the legal profession.
To determine the best paid legal job in Australia, you should consider a few key factors. First, you should decide the area you want to practice. Some lawyers specialize in one or two fields of law, such as criminal law or family law. Specialists gain a great deal of knowledge and experience in that area.
A lawyer may also work as a legal aid lawyer, government counsel, or corporate counsel. Other positions in the legal field include mediators, hearing officers, and arbitrators. Many big organisations have procurement or contract management departments that employ lawyers. Regulatory investigation work is also an option for lawyers. Many government agencies have large investigation teams. In Australia, lawyers may work for the Federal Police, ACCC, and ASIC.
A lawyer who has a law degree or master’s degree can earn a higher salary than an attorney without a degree. However, the salary for lawyers is dependent on their experience and the field in which they specialize.
Doctors: Best paid medical jobs in Australia.
Doctors in Australia enjoy high pay, with some earning as much as $2,500 per day. While the best paying medical jobs in Australia are mainly in the major cities, some rural areas also offer high salaries. In addition, quality of life in Australia is high, so you can expect a comfortable life as a doctor.
The average salary for a full-time Staff Specialist in the NSW Health system ranges from $246059 to $303643, and the amount can rise to $484799 if the income is split between the health service and the individual doctor. However, doctors with private practice can earn much more than their public practice peers.
Podiatry is one of the best paid medical jobs in Australia. This profession helps treat different kinds of wounds on the feet and legs. Podiatricians also help people with amputated limbs heal their bones and muscles. They may even perform foot surgeries on patients. For this reason, many people choose this job.
Doctors can specialize in a wide variety of fields and areas. They should also have good communication skills and develop strong relationships with their patients.
CEOs and CFOs: Top CEO and CFO salaries in Australia.
CEO and CFO salaries in Australia have been rising at a pace that is below the rate of average weekly earnings. This is a result of a number of factors, including increased demands on CFOs and the need to attract and retain the best candidates. But there are some notable exceptions to this trend. The pay of APA Group CEO Mick McCormack, for example, increased by almost 200% in just three years.
In Australia, one of the highest-paid CEOs and CFOs is Australian businessman Alex Dorsch. This self-made entrepreneur made his fortune in the old-school mining industry. He exercised 4.4 million of his stock options and received a massive salary in 2022. Listed below are some other high-profile Australian executives earning over $100k.
The median cash pay for ASX100 chief executives increased by 41.6% over the past year, reflecting an improvement in the economy. CEOs have significant wealth and a high cash pay protects them from a number of future risks.
Traders: Highest paid trading jobs in Australia.
A junior trader can progress to a senior portfolio manager position. The amount under management can range from $50 million to $1 billion. This position can pay anywhere from $60,000 to $12 million a year, depending on how well a trader performs. A realistic expectation is that a trader will earn no more than half of this base salary in the first three years.
A recent report from the Australian Bureau of Statistics highlights the 10 highest paying trades in Australia. The report details how much each trade pays compared to the median Aussie wage. The highest paid trades typically require vocational training, and these jobs can be highly rewarding. In addition, learning about the different trades is helpful in deciding which of these occupations will best suit your personal and professional goals.
A tradesperson’s career is full of ups and downs. One downside to this industry is that the number of people entering it is decreasing, with more high school graduates opting to study for university. This isn’t good for the industry long term, because fewer people will be working. As a result, rates will go up.
Conclusion: Which jobs pay the most in Australia?
There are several sectors in Australia that pay well, but IT management is a particularly lucrative area. This field entails active deployment of software and hardware, and senior Information Technology Managers can earn over A$125,000 a year. It is a lucrative career for those with high-level technical knowledge.
While salary is the most important factor, other important factors include working conditions, corporate culture, and development opportunities. People who prefer to work in a challenging environment and with an interesting environment should consider jobs in Australia. According to Business Today, Australia is ranked fourth on its list of countries with the highest average income.