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What’s the Highest Paying Job in Australia


The participation rate in the workspace remained steady in December 2018 and January 2019 at 65.7% according to the Australian labor force trend estimates. ABS data reveals that there are about 13,013,700 employed people in Australia which has seen an 8.5% growth in employment across all industries over the last 5 years. 

The average salary of Australian workers is around 90,800 AUD per year.

The median weekly salary of an average Australian is $1,110 with the top five jobs with regard to the highest number of workers being those of sales assistants, registered nurses, general clerks, retail managers, and truck drivers. 

As of 2017, in the Northern Territory, the average salary was $80,448. In Queensland it was $78,081, in Western Australia it was $81,074, in New South Wales it was $83,310, in Victoria $80,400, and in South Australia, it was $75,095. The average salary was lowest in Tasmania at $70,440  and highest in the Australian Capital Territory at $85,916.


Talking about the highest paying industries those include mining, consulting, construction, engineering, and information technology. Whereas, industries that offer the lowest average salaries are sports, hospitality and tourism, retail products, customer service, and office support. Wondering how old you have to be a high earner? Here’s a look at average weekly earnings, age-wise:


Highest Paying Jobs In Australia


Neurosurgeons, ophthalmologists, cardiologists, plastic surgeons, gynecologists, and otorhinolaryngologists rank among the top highest-paying jobs for men in Australia. While among women the first six spots of the highest paying jobs are occupied by judges, neurosurgeons, plastic surgeons, future traders, vascular surgeons, and gynecologists. 
Industry-wise, the highest paid jobs in information technology are those of architects with their pay being equal to $180,000. The second spot in this list is occupied by the legal industry with the highest income being of in-house generalists at $135,264. On the third spot is the engineering industry with management roles being the highest paid ones with a salary of $150,000 annually.
Following this are the yearly salaries of financial managers and controllers in the accounting industry with their salary being $132,500, and then once again management roles, this time from the mining, resources, and energy industry with the salary of workers being $130,697. State-wise, the highest salaries for quality assurance and control workers are in the Northern Territory at $144,121. 
Victoria secures a first place for having the highest paid salaries for information and communication technology architects at $141,687. Field engineering as well as water and waste engineering roles also get paid the highest in the Northern Territory. Here’s a look at the highest-paying jobs in Australia, followed by a list of the top ten.
 
Profession Average Annual Salary Number of People
Surgeons
$393,467
3,822
Anesthetists
$359,056
3,181
Internal Medicine Specialists
$291,140
8,191
Financial Dealers
$263,309
4,617
Psychiatrists
$211,024
2,740
Other Medical Practitioners
$199,590
27,461
Judicial and Other Legal Professionals
$198,219
3,073
Mining Engineers
$166,577
8,655
Chief Executives and Managing Directors
$158,248
166,741
Engineering Managers
$148,852
25,457

1.   Surgeons


Description:

A surgeon is a specialized professional who performs surgery on a particular body part. There are basically nine surgical specialists including cardiologists, neurosurgeons, urologists among others.
 

Qualifications: 

To become a surgeon in Australia, you need proper education and training with specialization in medicine, after which post-graduate study is also required. For entry in an undergraduate medical degree, one needs to pass an Undergraduate Medicine and Health Sciences Admission Test (UMAT) whereas for post-graduate studies, passing the Graduate Medical School Admissions Test (GAMSAT) is essential.
A surgeon requires 5 to 6 years of surgical training as well. For this, the experience of working in approved hospitals and the passing of relevant examinations and interviews is crucial. Training must be recognized by the Australian Medical Council (AMC), the Medical Council of New Zealand (MCNZ), and the Australian Health Practitioners Regulatory Agency (AHPRA). An internship with the Medical Board of Australia is also a part of the process.

Personal requirements:

The skillset required to be a surgeon includes good communication skills, discipline, stellar hand-eye coordination, and a good sense of morals and ethics.

Median annual wage:  $393,467
Degree required: Medical degree
 

2.   Anesthetists


Description:

An anesthetist works closely with surgeons, dentists, anesthesiologists, and medical professionals of other types. An anesthetist makes certain that anesthesia is safely administered. He basically provides pain management and patient recovery services.
 

Qualifications: 

If your goal is to become an anesthetist in Australia, you need an undergraduate degree after passing a UMAT. Undergraduate studies are followed by a GAMSAT and then a medical degree. After graduation, an internship is required. Once the internship is completed, residency years begin. During this time, experience working under a physician is gained. 
The residency lasts for a minimum 1 year and after that vocational training is also required. A fellowship through Australian and New Zealand College of Anesthetists (ANZCA) is to be gained which provides training, examination, and more. This takes about 5 or more years after which one is ready to apply for jobs as an anesthetist.

Personal requirements: 

As an anesthetist you need to be accurate, precise, logical, and attentive. You should have the ability to make decisions under pressure. Verbal communication skills are also required.
 
Median annual wage: $359,056
Degree required: Medical degree

3.   Internal Medicine Specialists


Description: 

Internal medicine specialists provide treatment and care to adults who have an array of health problems and use many medications. An internist can either be a generalist or a sub-specialist.

Qualifications: 

Internists are required to have an undergraduate as well as a postgraduate degree in Australia. To become an internist or a general practitioner in Australia one also needs a postgraduate internship with the Australian Health Practitioner Regulation Agency (AHPRA). 
After this, a Fellowship of the Royal Australian College of General Practitioners (FRACGP) and a Fellowship of the Australian College of Rural and Remote Medicine (FACRRM) for vocational training are required. These two fellowships take in total seven years for completion and also include residency. After this, you’ll be required to pass relevant exams and register as an internist.
 

Personal requirements: 

An internal medicine specialist should posses the qualities of humility, humanity, competence and commitment apart from having communication skills.
 
Median annual wage: $291,140
Degree required: Medical degree

4.   Financial Dealers


Description:

A financial dealer is professional dealer who buys and sells commodities and properties to make profits. These individuals make transactions from their own pockets and work with their own portfolios. They are hired by financial institutions for whom they work to facilitate trade by analyzing market conditions.
 

Qualifications:

For pursuing this as a career, you need a degree that covers accounting, commerce, finance, and economics. For boosting your chances of becoming a financial dealer, you can also get another degree, one that is relevant to law. A Senior Secondary Certificate of Education is required to gain entry into degree courses. 
If you want to get a specific role in the field, a postgraduate degree may also be required. After this, you may need to get a license by the Australian Securities and Investments Commission (ASIC). You may also have to become a member of a professional association such as Australian Financial Markets Association.
 

Personal requirements:

As a financial dealer you need to be armed with good communication, planning, analytical, and research skill. You should also know how to make quick and accurate calculations along with having the know-how of using computers.

Median annual wage: $263,309
Degree required: Finance or business degree

 

5.   Psychiatrists


Description:

A psychiatrist is a medical doctor who prescribes medicines and psychological treatments to people who have mental disorders.
 

Qualifications:

High school graduates may need to get admission in an undergraduate medical program to go for a medical degree or they may be required to sit in UMAT for getting entry in a medical university. For becoming a university graduate, you’ll be required to give a GAMSAT. Your grades play a huge role as well as your interview results in your path to becoming a psychiatrist.
Following studies, you’ll need a 1-year internship and then a residency as well. And finally, you’ll be required to complete a Fellowship of The Royal Australian & New Zealand College of Psychiatrists (FRANCE) which can take up to 5 years.
 

Personal requirements 

A psychiatrist should have good listening and communicating skills. He should also be aware of social issues and have the ability to solve problems and make decisions.

Median annual wage: $211,024
Degree required: Medical degree
 

6.   Legal Professionals


Description: 

Legal professionals such as judges, lawyers, barristers, legal executives, etc. provide guidance, solve disputes, and offer other such relevant services.
 

Qualification: 

Firstly, you have to go for an undergraduate degree in LLB or a Juris Doctor (JD) degree depending on whether or not you already have an undergraduate degree. The course must be recognized by the law society of the state you aim to practice in and must cover the Priestly 11. 
Next, you need to complete the Practical Legal Training (PLT) course approved by the Legal Admissions Board in Australia. This course will cover both the Graduate Diploma of Legal Practice and your Legal Practice Experience as well. Following this step, you have to apply to the Admissions Authority and then complete a job. 
After that you’ll have to apply for the local Law Society for a Practicing Certificate. You may pursue higher studies for becoming a particular type of legal professional.
 

Personal requirements:

To become a legal professional, you need to have judgment, analytical, communication, and people skills. You’ll also need to have qualities of perseverance, research, and decision-making.

Median annual wage: $198,219
Degree required: Law degree


7.   Mining Engineers


Description:

Mining engineers lead and perform mining-related projects from the exploration of mines for mineral resources to carrying out development plans. Mining engineers are responsible for the entire process from the planning and production to marketing.
 

Qualifications: 

For getting into mining engineering, you need your Senior Secondary Certificate of Education to do an engineering degree with a major in either mining or geotechnical engineering. Next, you may be required to register or get a license with the Australasian Institute of Mining and Metallurgy (AusIMM) and Engineers Australia. 
As a graduate, you will be eligible for the Mine Manager’s Certificate and for applying for registration to become a Chartered Professional Engineer with Engineers Australia after. To get a higher research position, you may need a master’s degree.

Personal requirements: 

As a mining engineer, you have been someone who can take responsibility, observe and solve problems, and enjoy technical work. You should also enjoy working as a part of a team as much as working independently.
 
Median annual wage: $166,557
Degree required: Engineering degree

 

8.   Chief Executives and Managing Directors


Description: 

Chief Executives and Managing Director's head and direct organizations. They are responsible for policy-making, strategizing, and setting the objectives of a company. They may also represent the company at official events.
 

Qualifications:

To start with becoming a CEO or MD, you need a bachelor’s degree in business administration, public administration or the like. You may choose to study further and solidify your chances of becoming a Chief Executive or Managing Director. You can do an MBA, Master in Business Administration. If you’re already working, you can go for a part-time MBA course. 
After graduating or during your course, you can take up an internship that gives you experience. You will probably have to climb your way up from a lower-level position to the seat of a Chief Executive Officer. You can also consider another voluntary certification.
 

Personal requirements:

To become a CEO or an MD, you must be a confident individual who has practical experience and exposure. You must have good people and decision-making skills as well as listening skills.
 
Median annual wage: $158,249
Degree required: Administrative degree

 

9.   Engineering Managers


Description: 

Engineering managers perform managerial and administrative roles as they lead engineering departments. They plan and strategize projects, budgets, and more. They also oversee projects and ensure quality control.
 

Qualifications:

To become an engineering manager, it is recommended that you first undertake an Advanced Diploma in Engineering or an Associate Degree. Following this introductory course, you should choose a discipline in which you wish to specialize. After that, you may need to volunteer to gain some experience before you find an internship. 
Next, you can register with an organization like Chartered Professional Engineer (CPEng) or Registered Professional Engineer (RPE) from Engineers Australia. To become an engineering manager, you will also be required to do a management course. You can go for a Master of Engineering Management.
 

Personal requirements:

An engineering manager must be intuitive, have technical prowess, be determined and logical as well. He must also have the capabilities to administrate, analyze, and organize.
 
Median annual wage: $148,852
Degree required: Engineering degree
 

10.   IT Systems Architects


Description: 

An IT Systems Architect designs build and tests technological programs, systems, and platforms of organizations. A systems architect manages and works in collaboration with designers, and engineers to head the overall processes of a project.
 

Qualifications: 

If your aim is to become a systems architect, you will need a degree in computer science or software engineering to start with. Your subjects can include web design data administration, network infrastructure or the like. 
Or your course may cover programming, security, and networking more. During your course, you can choose to do an internship to get experience. You may also need to gain project management and project leadership education. Training along with some certifications will be required.

Personal requirements:

A systems architect should have leadership qualities and design, programming, and managing skills. He should have good technical knowledge and experience as well.
 
Median annual wage: $139,690
Degree required: Computer systems degree

Don’t Have a Degree? Don’t Worry 


Worried that you don’t have a degree, to begin with? Don’t stress. There are several jobs that only require certifications for you to get in. The highest paying jobs in Australia which do not require a degree include fitness managers, sales managers, software engineers, pilots, HR managers, real estate agents, ethical hackers, and construction managers. However, if you’re running tight on your budget, you can always go for discount options. Many universities and institutes offer student grants and loans. You can take those and return them in chunks when you start earning. Another way to overcome your financial anxiety is to make use of coupons and discount like Bright Star Buddies Discount Code. Coupons can help you with anything and everything. You can get online training courses and pay using discount coupons; you can buy books using promo codes. There are other ways too to fight back the budgeting stress so you don’t need to worry much about your educational finances.
 

The Future of Jobs in Australia


The job scenario is changing across the globe with many roles being discarded and replaced by newer ones. Some jobs will entirely vanish in the coming years such as those of Uber and Truck drivers. Why? Technology and automation will replace the workforce in certain departments. 
Areas where human empathy and care are required, such as health, will open doors of jobs for many people. Moreover, LinkedIn’s 2018 report reveals the jobs that will be on the rise in the next few years which include customer success managers, full stack engineers, data scientists, experience designers, and cyber security experts.

Published on: January 12, 2022





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