In our world, the ultimate goal of many people is to earn more money. However, securing an ideal job and earning a living in Australia is not an easy task. Suppose, you wish to succeed in your career, you must possess strong subject knowledge, technical experience, and soft skills. Remember, for endurance, you can accept any position of your decision. But if money is your driving force and you want a high monthly salary, then you better look for the highest-paying jobs in Australia. In general, the jobs that pay a hefty amount will definitely help you in increasing the standard of living. So think about it!
Would you like to know what the highest-paying jobs in Australia are? If yes, then continue reading this blog post. Here, we have shared the latest list of the top 10 high-salaried jobs in Australia as revealed by the Australian Taxation Office (ATO).
Top 10 Highest-paid Jobs in Australia
In the list below, you will get to know the highest-paying jobs in Australia. In addition to that, you can also find the average pay scale each job offers and the educational qualifications needed to shine in that job.
1. Surgeon
Average salary: $394,303
Surgeons are highly specialized doctors. They evaluate, diagnose, and treat patients who require surgery. In general, surgeons play a lead role in the operation theaters and perform surgeries with their knowledge of internal medicine. In order to take care of the patients, the surgeons work along with a team of doctors and nurses.
To become a surgeon, you need to
- Complete a medical degree at a recognized university, including a bachelor’s degree in medicine.
- Undertake 2 to 3 years of internship and residency in a hospital.
- Finish Fellowship of the Royal Australasian College of Surgeons (FRACS)
You can earn more income than the average pay mentioned above if you complete extra training. So, after you complete your fellowship, you can undertake training to sub-specialize in any of the 9 specific areas of medicine.
2. Anesthetist
Average salary: $386,065
Anesthetists are specialized doctors who have undertaken comprehensive training to administer anesthesia to a patient before an operation.
To practice as an anesthetist, you should
- Complete a medical degree from a recognized medical university, including M.B.B.S.
- Undertake 2 to 3 years of internship and residency in a hospital.
- Finish Fellowship of the Australian and New Zealand College of Anaesthetists.
If you wish to earn more salary than the average salary mentioned above, then you need to gain experience as an internal medicine specialist.
3. Internal Medicine Specialist
Average Salary:$304,752
Internal Medicine Specialists or internists are specialized physicians who diagnose and treat chronic, complex, and multisystem disorders in adults. Generally, they provide care to the patients by working with a multidisciplinary medical team.
To become an internal medicine specialist, you should
- Complete a medical degree at a recognized university, including a bachelor’s degree in medicine.
- Undertake 2 to 3 years of internship and residency in a hospital.
- Finish Fellowship of the Royal Australasian College of Physicians (FRACP).
4. Financial Director
Average Salary:$275,984
A financial director is a professional who holds a leadership position and focuses on the finances of the company. The role of a financial director is to
- Create and implement strategic plans around company finances
- Report profit and loss
- Manage a finance team
- Estimate and predict the future of the business
In order to become a financial director, you must have a deep understanding of business, financial management, and accounting. The educational qualifications and training that would take you to the chair of a financial director are listed below.
- A Diploma of Business
- A Bachelor’s degree in economics, business, finance, or accounting
- An MBA or Certified Public Accountant (CPA) exam
- 10+ years of experience in the finance field
5. Psychiatrist
Average Salary: $235,558
Psychiatrists are specialized medical doctors who assess and treat the mental health problems of patients. In general, psychologists are different from psychiatrists. To understand the needs of the patients, psychiatrists use their experience in psychology and prescribe medications to the patients.
To practice as a psychiatrist, you should
- Finish a medical degree from a recognized medical university.
- Complete 2 to 3 years of internship and residency training in a public hospital.
- Complete a Fellowship of the Royal Australian and New Zealand College of Psychiatrists (FRANZCP).
6. Other Medical Practitioners
Average Salary: $222,933
Medicine is one of the largest fields that contain a lot of medical professionals. The list of other medical practitioners includes dermatologists, gynecologists, optometrists, emergency medicine specialists, pathologists, oncologists, and radiologists. All these medical professionals provide medical services, treatment for diseases and deficiencies, and also manage patients with illness and injury.
In order to become a medical practitioner in Australia, you should
- Complete a medical degree in a relevant specialization.
- Undertake an internship and residency training in a hospital.
- Complete a Fellowship.
7. Judicial or Legal Professionals
Average Salary: $188,798
In Australia, just like medical professionals, judicial or legal professionals also have a good scope for earning a high income. Especially, those who practice as senior lawyers have the opportunity to earn more. Thus, it is considered one of the best highest paying jobs in Australia.
Becoming a senior lawyer is not so easy; it requires a lot of subject knowledge, perseverance, hard work, and time. In order to become a senior lawyer, you need to have 5 or more years of work experience in the legal field. As a senior lawyer, apart from handling legal cases, you can also act as a mentor.
To practice as a lawyer in Australia, you should
- Complete a Bachelor of Law (LLB) or a Juris Doctor (JD) degree.
- Take practical legal training for a period of 1 year.
- Admit as a Supreme Court Lawyer and have a practicing certificate.
- Complete 18-24 months of supervised practice at a law firm.
8. Mining Engineer
Average Salary:$184,507
Mining is one of the largest sectors in Australia, and hence there is no doubt that Mining Engineers in the list of high-paying jobs.
The role of mining engineers includes planning, evaluating, and overseeing the mining process. Their main responsibility is to handle all the stages of mining.
To qualify as a mining engineer, you should have a Bachelor of Engineering (B.E) degree in Mining or Geotechnical Engineering.
If you gain experience in the mining field, then you can climb up your career ladder from a Graduate Mining Engineer to a Senior Mining Engineer or Manager. Obviously, you will get a chance to earn a high income when your career level increases.
9. CEO or Managing Director
Average Salary:$164,896
A Chief Executive Officer (CEO) is the senior-most executive in an organization who is responsible for managing day-to-day operations, implementing strategies, and governing the organization to meet its targets.
Like the other professions, to become a CEO there is not any clear pathway. To raise your career level to a CEO, you must have strong business knowledge. Educational qualifications like an MBA and bachelor’s degree in business, economics, or a relevant industry would help you to gain the knowledge that is required to run and manage the business.
10. Engineering Manager
Average Salary:$159,940
An engineering manager is a professional who is responsible for managing engineering projects and duties. The main role of an engineering manager is to plan and oversee projects, troubleshoot technical issues, lead a team of engineers and workers, create project reports, and then recruit professionals.
To move up to the level of engineering manager, you should have a bachelor’s degree in engineering at a relevant specialization and at least 5 to 7 years of experience in the industry.
Conclusion
So far, in this blog post, we saw the list of the top ten jobs in Australia that pay the most. According to ATO data, professionals in the medical field earn more than those in the engineering and technology fields when it comes to the highest-paying professions.
