The Australian Tax Office’s compilation of tax returns from more than 14 million Australians during the 2018–19 period, along with additional information gathered from Seek and Business Insider Australia, allowed us to create a list of the highest-paying Australian jobs. It should not come as a surprise that medical specialists top the list of high earners; after all, their careers require a lot of study, effort, pressure, and long hours. Although there are hundreds of medical specialties, we have grouped a few of them so you can better understand the highest-paying Australian jobs in various industries.
Let’s Start with the Highest Paying Jobs in Australia:
Surgeon
- A typical salary of $394,303.
Surgeons are doctors who consult with, examine, and operate on patients with diseases, injuries, or deformities.
The fact that there are different types of surgeons and that the type of surgery, expertise, and qualifications have a significant impact on one’s salary, makes this average income somewhat misleading. With an average salary of $600,387 among medical specialists, neurosurgeons earned the most money, followed by reconstructive surgeons ($500,269) and ophthalmologists ($533,511).
Qualifications:
- Obtain a university medical degree that is recognized.
- Work for two to three years in a clinical environment
- Apply to the Royal Australasian College of Surgeons’ Surgical Education and Training (SET) program during your third year (PGY3) to train in a surgical specialty, such as brain, cardiovascular, orthopedic, or plastic. Normally, this requires five to six years.
- After passing the SET, you can apply to join the Royal Australasian College of Surgeons (FRACS) and gain permission to practice surgery.
Anaesthetist
- Average anesthesia pay: $386,065.
Anesthetists help surgical patients get ready for their procedure by providing pain management, preparing the surgery, and putting in place a plan for aftercare for the patient.
Qualifications:
- Complete an accredited medical degree program at a university One year of clinical internship
- Finish a residency program in one or more years.
- Fill out an application for the five-year Fellowship of the Australian and New Zealand College of Anaesthetists (FANZA) vocational training program.
- You are a fully qualified anesthetist after passing FANZA.
Specialist in Internal Medicine
- Typical pay: $304,752.
Internal medicine specialists are educated to identify, manage, and treat complex, occasionally challenging, or hard-to-diagnose health conditions. They frequently consult with other doctors and may specialize in a particular area, such as rheumatology, infectious diseases, cardiology, or geriatric medicine.
Qualifications:
- Obtain a university medical degree that is recognized.
- Three years of full-time, intensive internal medicine residency training in adult internal medicine
- When your Advanced Training is successfully completed, the overseeing committee will recommend that you be admitted to Fellowship.
- The Royal Australasian College of Physicians will send you an invitation to apply for a fellowship to your Division, Faculty, or Chapter.
Financial Dealer
- $275,984 on average.
In order to buy and sell commodities for a profit, financial dealers analyze social trends, market conditions, and governmental regulations as well as their clients’ financial situations.
Qualifications:
- a degree in business, finance, accounting, or economics
- Apply to the Australian Securities and Investments Commission for the necessary license (ASIC)
- Once approved, you can begin trading as a financial dealer.
Psychiatrist
- Typical pay: $235,558.
Psychiatrists are experts in identifying and treating mental health conditions. They do this by using psychotherapy, creating treatment plans, requesting laboratory tests and assessments, prescribing medication, and checking patients into hospitals.
Qualifications:
- Obtain a university medical degree that is recognized.
- Become a licensed medical professional.
- Apply to the Royal Australasian College of Physicians (RACP) to take the written and clinical exams and further your education.
- continue your specialized training for six more years.
- You will be admitted to the fellowship of the Royal Australasian College of Physicians once you’ve finished (FRACP).
Other Medical Professionals
- The average pay for other medical professionals is $222,933.
There are many different types of medical professionals, as we already mentioned, and their responsibilities and pay range widely. Cardiologists, orthopedic specialists, and gastroenterologists are among the most sought-after and lucrative medical practitioner roles, with a combined average salary of about $450,000. General practitioners, pediatricians, orthodontists, dentists, periodontists, obstetricians, and a host of other professionals are also available. There are countless specialization options, and the one you pick will probably be in line with your areas of interest and target audience.
Qualifications:
- Obtain a university medical degree that is recognized.
- complete a one-year internship
- through the Medical Board of Australia, and obtain medical registration.
- extra year(s) or two of pre-vocational training
- to become a fellow through a specialty
Judiciary or other legal experts
- A typical salary of $188,798.
Once more, this is a broad term that encompasses a variety of highest-paying jobs in the Australian legal industry, including paralegals and administrative assistants. It can also refer to any type of lawyer, including those with specialized knowledge in contracts, personal injury, bankruptcy, immigration, crime, corporate law, or other areas. A career in law is exciting because you can select the area of practice you are interested in, and you can use your knowledge to influence legislation at the local, state, and federal levels, as well a,s in court, tribunals, and royal commissions.
Qualifications:
- Obtain a Juris Doctor or a Bachelor of Laws (LLB) from an accredited university (JD)
- Complete the shorter-than-a-year Practical Legal Training program.
- Within five years of graduation, obtain admission from the appropriate state or territory admissions authority.
- Request a practicing certificate from your neighborhood law society.
- finish your 18–24 month supervised practice period at a law firm.
Mining Engineers
- The average pay for mining engineers is $184,507.
The evaluation, planning, and supervision of a mine’s construction are the responsibilities of mining engineers. In addition to coordinating the hiring of staff and putting safety programs and procedures in place, they identify potential development sites by working with geologists and performing surveys of the mineral deposits. They are also in charge of restoring the mines to their initial condition after mining is finished.
Qualifications:
- Start a Bachelor of Engineering program with a mining or geotechnical engineering concentration. You can finish years three and four at Mining Education Australia (MEA), a partnership between several Australian universities.
- Put in a job application for a graduate mining engineer.
- You will graduate and become a Professional Mining Engineer in two to three years.
Architecture Manager
- Average salary: $168,762.
The management of the organization’s IT networks, from updating and improving services to supervising the implementation and installation of software and hardware, falls under the purview of enterprise and systems architect managers. They are in charge of enterprise architects, software architects, and other IT specialists. They are the big picture people for the IT performance of their company.
Qualifications:
- a certificate, bachelor’s degree, master’s degree, or a related degree in computer science or information technology
- It would be advantageous to have previous computer programming and software development experience, as well as practical knowledge of different systems, hard drives, and cloud computing.
- An advantage would also be having management, leadership, and business development experience.
Managing Director or CEO
- The typical wage is $164,896.
The most senior executive position in a company, the chief executive officer or managing director, is in charge of managing the business’s operations, structure, personnel, and resources. The creation of business plans, budgets, and strategies is under the direction of general managers, who also identify risks that may have an impact on the profitability of the company as well as its productivity and efficiency highest paying Australian jobs.
Qualifications:
- Obtain a bachelor’s degree in business, with a master’s degree optional.
- build up your work experience
- Even though there are exceptions and numerous paths to becoming a company’s CEO, education, and experience rank as two of the most crucial and reliable indicators of success in high-level business.
Engineering Manager
- The average pay for an engineering manager is $159,940.
Depending on the organization or agency they work for, engineering managers supervise teams of engineers and are typically in charge of organizing technical operations, civil engineering, and construction projects. Budgets, schedules, and the creation of quality and safety procedures are among the day-to-day duties, along with managing hiring, coordinating events, and communicating with other department heads’ highest-paying Australian jobs.
Qualifications:
- Complete a Bachelor of Engineering (Honours) accredited by Engineers Australia (further postgraduate study, such as the Master of Engineering Management, is advantageous)
- Obtain your Engineers Australia membership and enroll in the National Engineering Register after graduation (NER)
- Join the Australasian Institute of Public Works Engineering.
Statistical analyst
- The typical wage is $153,539.
A quantitative specialist, or “quant,” analyzes financial data and manages risk using statistics and mathematics. This helps the business make wise decisions about investments, pricing, and the overall operation of the business. IUt is a highly in-demand role as companies are realizing the importance of risk assessment and management in an increasingly turbulent economy.
Qualifications:
- A master’s degree in mathematical finance is advantageous. Obtain a certificate, diploma, or bachelor’s degree in a field related to finance.
Vice President
- $151,358 on average.
A senior executive position in a company, in charge of managing the short- and long-term operations, organization, its people, and its resources. Assisting with day-to-day business plans, budgets, and strategies as well as identifying risks that could affect the company’s efficiency, productivity, and ultimately its profitability, vice presidents, in particular,r is responsible for overseeing training procedures to upskill, educate, or managing employees highest paying Australian jobs.
Qualifications:
- Obtain a bachelor’s degree in business, with a master’s degree optional.
- build up your work experience
- While there are exceptions and many different paths to becoming an executive leader, education and experience rank as two of the most significant and reliable indicators of success in high-level business.
Information security director
- $149,204 is the average salary.
Directors of information security are in charge of protecting corporate data and thwarting security threats. Depending on the type of organization or industry, requirements, and job obligations can vary greatly. They also have daily responsibilities for human resources, such as hiring, firing, and training, as well as financial obligations like budgeting, resource allocation, strategy, and the application of security, data, and technology policies and procedures.
Qualifications:
- Finish a certificate, diploma, or bachelor’s degree program in computer science, cyber security, or a related field.
- acquire practical work experience
- Remember that a graduate certificate or master’s degree in a field like cyber security or IT security management is often required for security director positions.
Software and enterprise architect/manager
- $138,933 to $142,355 in salary on average.
Enterprise and software architects are in charge of overseeing the implementation and installation of software and hardware as well as upgrading and improving the organization’s IT networks. highest paying Australian jobs In the digital era, staying on top of IT trends and advancements that can give your business an edge is a job that is becoming more and more crucial.
Qualifications:
- a certificate, bachelor’s degree, master’s degree, or a related degree in computer science or information technology
- It would be advantageous to have previous computer programming and software development experience, as well as practical knowledge of different systems, hard drives, and cloud computing.
Conclusion
The industry, business, and field you want to work in will be influenced by a variety of factors, including stability, opportunity, work-life balance, and company culture, highest-paying Australian jobs, but how much you get paid will also be a big consideration. Even though we may not enter the workforce with the intention of making money, it is still crucial to have the financial wherewithal to support our families and ourselves.
If you have an interest in medicine, law, finance, business, or IT, there’s a good chance you can combine your passion with a good salary. However, the top 15 consistently emphasize education, work experience, and a genuine passion for your work, so make sure your knowledge and skills are well-honed.
Also read: 10+ Best Highest Paying Jobs In the World
