Highest Paying Jobs in Australia- You are here because you Want to know what job gets the highest pay in Australia? We looked at the top ten most profitable careers in Australia.
Unsurprisingly, medical jobs account for about half of the list (so your parents may have been onto something when they told you to study medicine). Other lucrative industries include finance, law, and engineering.
Australia is a highly developed nation with a high GDP per person and a comparatively low poverty rate. It provides a good standard of living, a top-notch education, a wide range of political liberties, and more.
Data obtained from the Australian Taxation Office ( ATO) were used to identify the highest-paying job in Australia.
Note- If you’re looking for a high-paying job, it’s critical to go beyond the wage package and calculate your real take-home earnings.
Listed below are the top 10 Highest Paying Jobs in Australia;
Top 10 Highest Paying Jobs in Australia
Average salary: $394,303.
Surgeons have apparently been at the top of the profession’s value chain since 2010. According to an ATO research, their average annual compensation has climbed by $52,500 in the last ten years. To become a surgeon, you’ll require five to six years of professional surgical training in one of nine specializations.
To Work as a General Surgeon in Australia, you must:
1. Get a medical degree from a university, including a Bachelor’s degree (4-6 years)
2. Participate in a hospital internship and residency program (2-3 years)
3. Earn a Fellowship with the Royal Australasian College of Surgeons (FRACS) (5-6 years)
Following your fellowship, you can pursue sub-specialization studies in one of nine different areas of medicine. Individuals might make significantly more every year than the average salary listed above by obtaining more training.
Average taxable income: $394,303
Average take-home income: $238,314
Number of people in this profession: 4,150
Second is anesthesiology. Are you uncertain about what it is? You know, we can’t really blame you. Medical specialists that provide anesthetics are called anesthetists (painkilling medications).
It has one of the lowest workforces in Australia, second only to psychiatrists, despite being one of the highest-paying jobs there. Oh, and it’s not some kind of hallucinogenic job where you smoke kush with people to get rid of pain. It calls for an ideal ATAR and several years of dedicated study.
Curiously, it has advanced to the point that medicine as we know it now is extremely advanced, secure, and successful.
To Work as an Anesthetist in Australia, you must:
To work as an anesthetist, you must first obtain a medical degree from a university, which must include a residency.
a. Bachelor’s degree in medicine and surgery (Bachelor of Medicine and Bachelor of Surgery) (4-6 years)
b. Complete a hospital internship and residency (2-3 years)
c. Graduate from the Australian and New Zealand College of Anaesthetists with a Fellowship (5-6 years)
Anesthetists’ salaries will continue to climb as they work and develop experience as internal medicine experts.
Average taxable income: $386,065
Average take-home income: $233,948
Number of people in this profession: 3,412
3. Internal Medicine Specialist
Average salary: $304,752.
Specialist in internal medicine are knowledgeable about how to prevent, identify, and treat illnesses that damage the body’s internal organs. And don’t panic if you’re still unclear about “what sets internal medicine specialists apart from other doctors.” The field of medicine known as internal medicine, on the other hand, concentrates on both the inside and outside of the body.
Internal medicine specialists look at how all of the body’s systems interact.
a. Have earned a recognized medical degree from a university.
b. Complete a three-year internal medicine residency program.
c. Three years of full-time training in adult internal medicine.
d. The supervisory committee will propose you for Fellowship admittance when you have finished your Advanced Training.
e.The Royal Australasian College of PhD
Average taxable income: $304,752
Average take-home income: $190,852
Number of people in this profession: 9,559
4. Financial Dealer
Average salary: $275,984.
Financial dealers represent their clients in financial market transactions and provide financial advice. Under their name, financial dealers buy and sell commodities and securities for profit. They keep an eye on the financial markets and utilize their money to make deals.
Finance dealers are frequently on edge and dog-tired because of the fluid state of the continual market and high-value transactions.
To Work as a Financial Dealer in Australia, you must:
a. Earn a Business Diploma from TrainSmart Australia.
b. Earn a bachelor’s degree in economics, finance, management, or accounting.
c. Pass the MBA or CPA (Certified Public Accountant) exam.
d. Assume leadership responsibilities within finance groups. After 10+ years of service, this experience will help you prepare for a promotion to Finance Director.
Average taxable income: $275,984
Average take-home income: $175,605
Number of people in this profession: 4,720
Average salary: $235,558.
Do not confuse psychiatrists for psychologists,. While psychologists can offer interventional treatment, psychiatrists can prescribe medications to assist maintain mental health.
A medical specialty called psychiatry deals with the identification, management, and prevention of mental, emotional, and behavioral issues.
A psychiatrist is trained to work with patients to administer pharmacological medications or interventional treatment plans and to comprehend the relationship between mental and medical problems, as well as the genetics involved.
To Work as a Psychiatrist in Australia, you must:
a. obtain a medical degree from a university; (4-6 years)
b. Participate in an internship and residency program in a public hospital (2-3 years)
c. Complete the Royal Australian and New Zealand College of Psychiatrists Fellowship program.
Average taxable income: $235,558
Average take-home income: $154,179
Number of people in this profession: 3,001
6. Judicial or other legal professionals
Average salary: $188,798.
Being a lawyer or working in the legal system does not always pay well. The answer is yes, unless you go a step further and get a Juris Doctor (JD) professional legal degree, which includes all of the necessary areas of competency for admission to practice law in Australia.
Graduates with non-law degrees or law degrees from other countries can enter the legal profession through these positions, which are only accessible through the JD program.
They enable you to practice law while concentrating on foreign and transnational aspects of the law while also developing your analytical, research, writing, and advocacy abilities.
To practice law in Australia, you must first complete the following steps:
a. Earn a bachelor’s degree in law (LLB) or a postgraduate degree in law (JD) (3-4 years)
b. 1 year of hands-on legal training
c. Hold a practice practicing and be admitted to the Supreme Court as a lawyer.
d. Successful completion of supervised practice at a law firm (18-24 months).
Average taxable income: $188,798
Average take-home income: $129,396
Number of people in this profession: 3,866
7. Mining Engineer
Working as a mining engineer necessitates a great deal of dedication. These men, or the occasional female engineers, will plan and direct the engineering aspects of extracting mineral resources, petroleum, and natural gas from the earth. The extracting procedure’ design, exploration, and feasibility are likewise the responsibility of these engineers.
They plan operations, evaluate project costs, track production schedules, monitor progress, use suitable mining procedures, and assess natural, technological, financial, as well as safety risks. So there’s all that jargon.
A degree is required in engineering with a concentration in mining or even geotechnical engineering is required for employment in this sector.
To Work as a Mining Engineer in Australia, you must:
Individuals who want to work as an Engineering Manager on a mine site and earn a good living should have the following qualifications:
a. A bachelor’s degree in engineering with a mining or geotechnical engineering concentration.
b. A mining engineer with a bachelor’s degree.
A Graduate Mining Engineer can go to a more senior engineering post and earn a higher salary once qualified and experienced.
Average taxable income: $184,507
Average take-home income: $127,122
Number of people in this profession: 8,856
8. Enterprise architecture manager.
Average salary: $168,762.
Enterprise and systems architect managers are in charge of managing and directing the organization’s IT networks, including everything from upgrading and improving services to overseeing software and hardware implementation and installation.
They are in charge of enterprise architects, software architects, and other IT experts, and they are the big-picture people for their company’s IT performance.
a. A diploma, bachelor’s degree, or master’s degree in computer science, information technology, or a related discipline is required.
b. Computer programming and software development knowledge, as well as hands-on experience with various systems, hard drives, and cloud computing would be advantageous.
c. Management, leadership, and business development experience would be advantageous.
9. CEO or Managing Director
Average salary: $164,896.
The chief executive officer is the organization’s most senior executive (CEO). A CEO, on the other hand, who hires a managing director to carry out his or her duties is essentially the company’s or organization’s boss. A CEO’s duties include liaising with other businesses, establishing supervisory and delegating positions, and increasing revenue.
CEOs and managing directors are often the catalysts for change within a company, as well as motivators for staff. They’re in charge of the company’s operations, marketing, finance, human resources, and corporate social responsibility.
Average taxable income: $164,896
Average take-home income: $115,520
Number of people in this profession: 190,386
10. Engineering Manager
Average salary: $159,940.
A manager of engineering is in charge of managing important projects and technical duties. One of the most important skills an engineering manager will have is the capacity to properly allocate work, handle technological problems, plan and oversee projects, supervise a team of engineers, budget workers, and projects, recruit experts, and connect with other departments.
Reports on the progress of the project must also be prepared by them. Engineering managers must have at least 5 years of professional experience to advance to this level.
To Work as an Engineering Manager in Australia, you must:
a. Complete an Engineers Australia-accredited Bachelor of Engineering (Honours) (additional postgraduate study, such as a Master of Engineering Management, is preferable).
b. Get an internship while you’re studying for a job.
c. Obtain your Engineers Australia membership and register with the National Engineering Register after graduation (NER).
d. Join the Institute of Public Works Engineering Australasia as a member.
Average taxable income: $159,940
Average take-home income: $112,497
Number of people in this profession: 25,578
What job gets paid the most money in Australia?
Top 5 Highest-Earning Suburbs In Australia
Data from the Australian Taxation Office ( ATO) also included suburbs and postcodes in Australia having the highest average income with the highest-paying jobs. Below are the Top 5 highest earning suburbs in Australia:
- Hawsburn & Toorak, Victoria, 3142 – $201,926
- Darling Point, Edgecliff & Point Piper, New South Wales, 2027 – $199,813
- Dover Heights, Rose Bay North, Vaucluse & Watsons Bay, 2030 – $197,386
- Woollahra, New South Wales – $183,418