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Qualify Me Sydney Trades Qualification

Best paying jobs : What are the best paying jobs in Australia?

Best paying jobs : Whether a paycheque is a major factor in your career choice or you’re just curious about our country’s most lucrative jobs – we’ve rounded up the highest paying careers in Australia.

So, what is the highest paying job in Australia? 

According to the most up to date Australian Taxation Office (ATO) data, surgeons are the highest paid professionals in Australia with an average annual salary of $402,582. The remainder of the top 10 highest paid professions in Australia include a number of other medical professions, engineering, finance and legal roles.

The Australian Taxation Office (ATO) regularly releases income statistics however, it’s important to note that the latest data is from the 2018-19 financial year. Given the severe impact the COVID-19 pandemic has had on our economy in 2020, these statistics might not reflect the current job market and salary information. 

Here are the top highest paying jobs in Australia, including the highest paying trades.

  1. Electrician

Average salary: $92,676

Sparkies are responsible for planning, installing and maintaining electrical wiring systems, basically they keep the lights on! Electricians require a certificate III in electrotechnology, often completed as part of an apprenticeship.

2. Arborists in Brisbane

Average salary: $100,847

Arborists (particularly in Brisbane) move come in at a staggering $130,000 per annum due to the high risk work they perform such as Tree Loppers Brisbane Northside. Get that up ya tree!

3. Construction manager

Average salary: $113,835

Construction managers oversee the day-to-day running of building site operations. They have comprehensive experience in the construction industry and have gained a qualification such as an Advanced Diploma of Building and Construction (Management).

4. Driller, miner and shot firer

Average salary: $118,352

Drillers, Miners and Shot Firers work on drilling rigs and mining sites, responsible for detonating explosives to extract materials from the earth and demolish structures. Workers can gain on the job experience or formal qualifications such as AQF Certificate II or III.

5. Chemical, gas, petroleum or power generation plant operator

Average salary: $125,581

These are the workers responsible for operating chemical production equipment, pump gas and oil from wellheads, refine and process petroleum products, and operate boilers, turbogenerators and associated plant to generate electrical power. This role generally requires AQF Certificate III and at least two years of on-the-job training.

6. Building Inspectors

Average salary: $126,015. 

This may come as surprise, but building inspectors performing Building Inspections Perth (with minimal Costs & Services) in certain cities around the country earn a lot! Coming at the top are Building Inspections Mandurah.

7. CEOs and managing directors

Average salary: $157,643.

CEOs and Managing Directors are the most senior executives in charge of managing an organisation and its performance. There’s no hard and fast pathway to the role however, most will have completed tertiary education and have plenty of work experience under their belt before they earn one of the best paying jobs in Australia.

8. Mining engineer

Average salary: $179,288

Another high paying engineering role is that of a mining engineer. They’re responsible for planning and overseeing the safe and efficient extraction of mineral resources from the earth. Mining Engineers require a Bachelor of Engineering degree, majoring in mining or geotechnical engineering.

9. Judicial/legal professionals

Average salary: $184,598.

Covering magistrates, judges, and tribunal members for example, judicial/legal professionals hear legal and other matters in courts and tribunals, draft legislation and interpret, analyse, administer and provide advice on the law. These roles require a completed law degree and have been licensed to practise law for a minimum of eight years. Even your average property lawyer parramatta earns on average $180,000 per annum.

10. Other medical practitioners

Average salary: $215,728. 

This term includes a range of professions in the medical field such as dermatologists, pathologists, radiation oncologists, obstetricians and gynaecologists. Given the range of specialities, there are a number of different study pathways available.

11. Psychiatrist

Average salary: $225,206.

Psychiatrists are specialised medical doctors to diagnose and treat mental health concerns, helping people with conditions such as schizophrenia, depression, bipolar disorder, eating disorders and addiction. Psychiatrists are qualified medical practitioners who have completed further training with the Royal Australian & New Zealand College of Psychiatrists. This process can last 11 years in total.

12. Financial dealer

Average salary: $272,895.

Financial dealers include stockbrokers and futures traders, who work with clients to advise on financial matters and conduct market transactions. They usually require a degree in commerce, finance, accounting, or economics and registration with the Australian Securities Exchange is essential.

13. Internal medicine specialist

Average salary:  $268,247.

Internal medicine specialists are one of the highest earning jobs in Australia, responsible for the diagnosis and management of complex, chronic and multisystem disorders, often in a hospital or clinic setting. Physicians specialising in internal medicine are called internists, or consultant physicians.

14. Anaesthetist

Average salary: $382,674

Anaesthesiology is the second highest paying career in Australia.Anaesthetists are specialist medical doctors who are responsible for providing anaesthesia to patients for operations and procedures. The study pathway is a long one, requiring a medical degree and at least two years gaining experience in the hospital system before completing a further five years of training in anaesthesia.

15. Surgeon

Average salary: $402,582

Topping the list of highest-paid professions in Australia are surgeons! Surgeons are doctors who have completed further training in a surgical specialty, working to treat, repair, and resolve injuries, diseases, and abnormalities by operating on patients. In order to earn the highest salary in Australia, surgeons are required to complete an accredited medical degree and work in a clinical setting for two to three years. During the third postgraduate year, prospective surgeons apply to enter the Royal Australasian College of Surgeons’ Surgical Education and Training (SET) program to train in one of nine surgical specialties. These include cardiovascular surgeons, brain surgeons, orthopedic surgeons and plastic surgeons. This process can take five to six years before surgeons can become accredited as a Fellow of the Royal Australasian College of Surgeons (FRACS). 

We hope you found this guide to well-paying jobs in Australia helpful in choosing your career path. 

About Qualify Me - We are an education facilitator involved in a number of areas in the education & training industry. As an education facilitator, our services include Recognition of Prior Learning (RPL) Assessment and skills recognition which is the process of recognising the experience and skills that a person has acquired throughout their career with a nationally recognised qualification. In order to issue nationally recognised qualifications, we have partnered with a number of well-founded and compliant registered training organisations. Please contact us for further information on RPL & Skill Assessment.

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