Are you interested in knowing the top-paying jobs in Australia? Then read through this article, which consists of 15 top-paying jobs in Australia.
Australia is a developed country known for its high GDP per capita and low poverty rate. It provides a high standard of living, excellent education, extensive political rights, and other benefits.
The Australian economy is doing well, and the country provides excellent job opportunities and has attracted a large number of immigrants.
- General Counsel
- Anaesthetist
- Cardiologist
- General manager/project manager
- Company Secretary
- Head of operations
- Surgeon
- Internal medicine specialist
- Chief technology officer (CTO)
- Head of technology
- Investment director
- Portfolio manager
- Chief financial officer (CFO)
- Head of Compliance
- Financial dealer
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Top-Paying Jobs In Australia
1. General counsel
It’s no secret that the legal profession is highly lucrative. General counsels top the list of legal professionals, particularly those who work in-house at an ASX 100-listed company. This means you’ve been hired to work for that company rather than a law firm that provides legal services to businesses.
A general counsel is the head of a legal department, typically within a corporation or government agency. This high-level position typically requires at least seven years of experience. In-house general counsels earn $249,333 per year, or $4,795 per week, on average, with a salary package of $400,000 per year.
To land a high-paying position as an in-house lawyer, you must:
- Complete an undergraduate Bachelor of Laws degree or a postgraduate Juris Doctor degree.
- Complete Practical Legal Education (PLT).
- Within five years of graduation, apply for admission to your relevant state or territory’s Admissions Authority.
- Apply to your local Law Society for a Practicing Certificate.
- Completing 18-24 months of supervised practice at a law firm is required.
2. Anaesthetist
With the risk and complexity involved, it’s no surprise that anesthetists are extremely wealthy. Anesthetists are medical doctors who work alongside surgeons to provide patients with general or local anesthesia.
According to our data, anesthetists earn $386,065, or $4,647 per week, after taxes.
To work in this high-stakes industry, you must be able to:
- Obtain a medical degree, which typically takes 4-6 years.
- Complete an internship at a hospital that is accredited.
- Within five years of graduation, apply for admission to your relevant state or territory’s Admissions Authority.
- Finish your residency at a hospital that is accredited.
- Participate in a five-year specialist training program with the Australian and New Zealand College of Anaesthetists.
3. Cardiologist
Cardiologists, another well-paying medical profession, specialize in diagnosing and treating heart and blood vessel conditions. This high-stakes role pays well for everything from performing tests to performing surgeries.
Cardiologists in Australia earn an average of $351,827 per year or $222,838 after taxes. That works out to $4,285 per week!
To work in this specialized field, you must first:
- Complete a Bachelor of Medicine or a Bachelor of Medical Studies.
- Obtain a Doctor of Medicine degree.
- Work for two years in the public hospital system to complete your Internship and Residency.
- Apply to the Royal Australasian College of General Practitioners to continue your education and receive your Fellowship. This will typically necessitate six years of study in addition to working as a doctor.
- Pursue Advanced Cardiology Training, which entails three years of full-time equivalent training.
4. Project manager/general manager
You’ll be relieved to learn that there are plenty of high-paying jobs available in Australia’s thriving construction industry.
General managers, as the name implies, oversee all company operations, such as allocating budget resources, developing policies, monitoring employees, improving administrative processes, and interacting with vendors.
General managers or project managers earn $350,000 per year, which equates to $4,266 per week in take-home pay.
To start making money as a general manager, you’ll need to:
- Earn a bachelor’s degree in business administration or a related field. You might even want to pursue a graduate degree, such as a Master of Business Administration (MBA), to boost your employability.
- Gain experience across an organization, particularly in the areas of people management and process oversight.
5. Company secretary
It should come as no surprise that law careers can be extremely lucrative. However, it may come as a surprise that the role of a company secretary outranks that of a barrister or a lawyer! A company secretary keeps the company on track by providing legal, administrative, and clerical support.
Company secretaries make $342,500 per year, or $217,708 after taxes, or $4,187 per week.
Company secretaries typically hold a professional degree in business, law, accounting, or public administration.
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6. Head of operations
A mining company’s Head of Operations oversees operations, ensuring that resources are used efficiently, and that business profits are maximized. A Head of Operations can expect to earn $325,000 per year or $208,083 after taxes. This equates to the weekly take-home pay of $4,002.
Professionals in this position typically have at least five years of experience, have risen through the ranks, and have obtained professional qualifications.
7. Surgeon
Surgeons perform preoperative diagnosis, operations, and postoperative care for a wide range of conditions. All surgeons must first train as general surgeons before pursuing a specialty.
General surgeons earn an average salary of $305,276, which translates to $197,235 after taxes or $3,793 per week.
To get to the operating room, you must first:
- Complete a medical degree, followed by 2-3 years of clinical training.
- In your third year, apply to the Royal Australasian College of Surgeons’ Surgical Education and Training (SET) program.
- If you want to train independently, become a Fellow of the Royal Australasian College of Surgeons (FRACS).
8. Internal medicine specialist
Internal medicine specialists, also known as general practitioners (GP), are responsible for the administration of medications, immunizations, and other non-surgical treatments. You’ll typically be the first point of contact for patients and, if necessary, refer them to specialists.
Internal medicine specialists earn $304,752 per year, which equates to $196,947 after taxes or $3,787 per week.
To become a doctor of medicine, you must first:
- Before beginning a Doctor of Medicine program, earn a Bachelor of Medical Studies.
- Participate in an internship at a reputable hospital.
- Become a member of the Australian Medical Board.
- Obtain a fellowship in general practice.
Chief Technology Officer (CTO)
Chief technology officers, once considered an “emerging role,” are now in high demand. The technology sector is still thriving, thanks to the rise of big data, the rise of AI, and the challenges posed by COVID-19.
CTOs are in charge of managing an organization’s technical aspects and resources, as well as working toward technological development and ensuring digital readiness.
According to our data, CTOs earn $300,000 per year, $194,333 after taxes, or $3,737 per week directly into your account.
To become a CTO, you must first:
- Complete a Bachelor’s Degree or higher in a computer science-related field, with an emphasis on cybersecurity, big data, and artificial intelligence.
- Get hands-on experience in fields such as network architecture, information security management, and big data engineering. Before being entrusted with leading an organization’s technology strategy, CTOs typically have 15 years of experience in other IT roles.
- Develop your business, leadership, and decision-making abilities.
10. Head of technology
The head of technology, like CTOs, manages a company’s technical aspects in order to meet growth objectives. According to our data, a Head of Technology can expect to earn $300,000, or $194,333, after taxes. That works out to $3,737 per week in take-home pay!
To advance to the position of head of technology, you should:
- Earn a Bachelor of Science in information technology.
- Gain industry experience – a head of technology typically has around ten years of experience.
11. Investment director
An investment director, also known as a fund manager, assists clients in maximizing the return on their financial assets. This has long been a well-paid position, with investment directors in the finance industry earning $300,000. This equates to a yearly salary of $194,333 or $3,737 per week.
A certificate or diploma will suffice to get started, but a Bachelor’s or Master’s Degree will provide additional legitimacy to your work.
12. Portfolio manager
In the IT industry, a portfolio manager oversees investments, projects, and activities related to the IT department. While it is a niche and emerging role, our data show that IT portfolio managers earn an average of $280,000 per year or $3,526 per week.
13. Chief financial officer (CFO)
Throughout history, the executive-level position of a chief financial officer has been consistently well-paid. According to our data, the average salary for a CFO is $280,000, or $3,526 per week after taxes. Keep in mind that CFOs frequently receive yearly bonuses, allowing for massive earning potential.
CFOs are in charge of managing an organization’s financial activities, which include cash flow tracking, financial planning, and analyzing the company’s strengths and weaknesses.
To earn a bank as a CFO, you must:
- A bachelor’s degree in business, economics, accounting, or finance is required.
- Pass the Certified Public Accountant (CPA) or Master of Business Administration examination (MBA)
- Gain leadership experience in a company’s financial department.
14. Head of Compliance
The head of compliance ensures that an organization’s policies and procedures are followed, conducts audits, and designs control systems. In this high-level legal position, you can expect to earn $277,500 per year or $181,958 after taxes. Take-home pay is $3,499 per week.
To become the head of compliance, you must have several years of experience as well as a relevant qualification in compliance, risk management, or quality auditing.
15. Financial dealer
A financial dealer is someone who buys and sells commodities and securities for profit under their own name and with their own money.
According to our data, financial dealers earn around $275,984 per year or $3,483 per week after taxes.
The majority of financial dealers have a university degree in commerce, finance, accounting, economics, or actuarial science, but some do well with a VET qualification. You’ll most likely work as a financial dealer in stockbroking firms, financial planning firms, banks, or accounting practices.
FAQs
What is the highest Paying Medical Job in Australia?
- Surgeon
- Anesthetist
- Internal Medicine Specialist
- Psychiatrist
- Cardiologist
What are the top-paying business jobs in Australia?
- Project Manager
- Sales Manager
- Digital Marketing Manager
- Business Analysts
- Business Development Manager
What are the top-paying finance jobs in Australia?
- IT Portfolio Manager
- Financial Dealer
- Finance Analyst
- Investment Banking Associate
- Credit Analyst
Conclusion
Everyone wants a job, but more importantly, they want a job that pays them what they are worth, a good six-figure salary that is deposited into their bank account every month. Because Australia is a land of opportunities, you must seize this one to secure the highest-paying jobs in Australia.
We’ve compiled a list of the top-paying jobs in Australia to help you evaluate your career goals, the job market, and the most in-demand occupations in the country. The business, financial, and medical sectors in Australia pay the highest wages. Graduates from these fields have typically demonstrated the ability to draw large cheques and maintain stable employment.
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