Highest Paying Jobs in Australia

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Highest Paying Jobs in Australia

The Australian continent is renowned for its high standards of living, well-paying jobs, secure work conditions, and the chance to advance one’s career while maintaining a healthy work-life balance. Along with additional incentives, employees also enjoy a range of healthcare and vacation benefits. As a result, people like to travel to the country for further education and work. As a fresher, you can acquire many work chances in numerous rewarding areas, some of which are the highest-paying ones. This gives you the opportunity to start making a decent living as soon as you graduate. Read this blog to discover some of the highest-paying jobs in Australia.

Top 20 Highest-Paying Jobs in Australia

Finding a good job, however, can be difficult with so many options available if you do not have the right assistance. Therefore, we have included a list of the top 20 highest-paying occupations in Australia to assist you.

Job Profile Qualification/Eligibility Average Annual Salary (in AUD)
Systems Engineer Bachelor’s degree in Computer Science, Information Systems, or related field (Master’s preferred) AUD 1,24,628 (INR 70 Lakh)
IT Security Specialist Degree in Computer Science, IT, Systems Engineering, or a related field  AUD 1,25,932 (INR 69 Lakh)
Engineering Manager Bachelor’s degree in Engineering Management or any Engineering field of your choice   AUD 1,37,530 (INR 76 Lakh)
IT Architect Skills in Cloud Computing, IT Management, IT Security, Systems Architecture, and Virtualization AUD 1,47,735 (INR 82 Lakh)
CEO  Bachelor’s degree in Economics or Business, and MBA AUD 1,64,896 (INR 93 Lakh-INR 1 Cr)
Managing Director MBA AUD 1,64,896 (INR 93 Lakh-INR 1 Cr)
Mining Engineer BE or BTech AUD 1,84,507 (INR 1 Cr)
Medical Practitioner MBBS or MBBS with PG Degree or Diploma or equivalent qualification in any Medical discipline  AUD 2,22,933 (INR 1.2 Cr)
Psychiatrist MBBS and MD or Diploma in Psychiatric Medicine (DPM)   AUD 2,35,538 (INR 1.3 Cr)
Head of Compliance NA AUD 2,77,500 ( INR 1.5 Cr)
IT Portfolio Manager Bachelor’s degree in Finance and IT experience AUD 2,80,000 (INR 1.5 Cr) 
Chief Financial Officer (CFO) Bachelor’s or Master’s degree in Accounting or other Finance-related studies with the ACCA qualification  AUD 2,80,000 (INR 1.5 Cr)
Head of Technology Bachelor’s degree in Programming, Computer Science, Computer Engineering, or another related field   AUD 3,00,000 (INR 1.6 Cr)
Investment Director  Bachelor’s degree in Finance, Economics, Business, or Accounting (Master’s preferred) AUD 3,00,000 (INR 1.6 Cr)
Internal Medical Specialist MBBS and MD, or MS BDS, and MDS AUD 3,04,752 (INR 1.7 Cr)
Mining Head of Operations Knowledge of open cast, underground coal,  or iron ore mines and overseas operation and acquisition (between 25 and 30 years of relevant experience) AUD 3,25,000 (INR 1.8 Cr)
Legal Secretary  Certificate IV in Legal Services AUD 3,42,000 (INR 1.9 Cr)
Construction General Manager MBA AUD 3,50,000 (INR 2 Cr)
Anaesthetist MBBS AUD 3,86,065 (INR 2.1 Cr)
Surgeon  MBBS and MS in General Surgery AUD 3,94,303 (INR 2.1 Cr)

Degrees That Offer Highest Paying Jobs in Australia

The highest-paying jobs in Australia are frequently accessible by earning the relevant degree at one of Australia’s top colleges. You have a wide range of choices if you choose to pursue one of the below-listed degrees. We’ve organised everything into the following tables to make it easier for you to decide which degree type will result in a high starting salary:

Degree Type Estimated Annual Salary (in AUD)
Psychiatry 60,565 (INR 33 Lakh)
Legal 98,396 (INR 54 Lakh)
Dental/Medical 70,000 (INR 39 Lakh)
Engineering 58,300 to 67,000 (INR 32 Lakh-INR 37 Lakh)
Construction Management 99,386 (INR 55 Lakh)

The fact that these numbers are simply estimates based on normal incomes for recent grads must be acknowledged. These are just a handful of the most lucrative career options that students might want to think about when making their future plans. Numerous more degrees can lead to lucrative employment.

Top 5 Highest-Paying Jobs in Australia for Freshers

The highest-paid jobs in Australia for young graduates are typically not the same as those for seasoned professionals. After all, some of the highest-paying employment positions in the country require candidates to have some on-the-job experience.

However, there are still some occupations that might pay a sizable upfront salary. Here are five of the highest-paying jobs in Australia that folks who have recently graduated from college (or who are soon to graduate) should consider, especially if making a good living is important to them:

Medicine

A medical career demands a high level of education and years of experience. Depending on their field of speciality, surgeons may require eight years of education or more, whereas registered nurses must complete at least four years of education.

It could take some time to earn a medical degree, but once you do, you’ll start out with respectable pay. For example, the starting salary for healthcare workers is AUD 70,000 (INR 39 Lakh). Employees in the healthcare industry receive significantly higher pay as they gain seniority and experience within the hospital or practice where they work.

Dentistry

Another industry that might pay well right out of college is dentistry. You can expect to start off with an average yearly salary of AUD 86,300 (INR 47 Lakh) once you have graduated from dental school. The pay is anticipated to increase to an average of AUD 105,100 (INR 58 Lakh) after three years.

Dentists must complete several years of formal study before commencing their careers, just like medical professionals. Because they put in so much time upfront, they might begin making a respectable living as soon as they graduate.

Engineer

It is no secret that one of Australia’s highest-paying sectors is engineering. Therefore, it is reasonable to anticipate that engineers will start making a respectable wage as soon as they complete their school.

Depending on the type of degree an engineer has earned, their salary will differ. For instance, the beginning wage for an aeronautical engineer is normally around AUD 58,300 (INR 32 Lakh). On the other hand, civil engineers in Australia might begin with a starting salary of roughly AUD 64,000 (INR 35 Lakh).

The discipline of engineering also offers a lot of space for expansion. Your compensation may improve dramatically over the course of a few years, and you might even get the option to move into a related job like project management or consulting.

Construction Manager

Construction managers can earn a good living after graduation as well. Once students obtain a construction management degree in Australia, which typically takes three to four years, their average salary will be close to AUD 99,386 (INR 55 Lakh).

There are several job opportunities in this profession for recent graduates who are studying in Australia. You can increase your chances of landing a job even more by working as a management assistant before you graduate.

Solicitor

Solicitors may start out with quite high wages once they have completed their education. After all, the typical starting wage for recent graduates in Australia is thought to be AUD 98,396 (INR 54 Lakh). 

To practise law in Australia, one must have either a Bachelor of Legislative Law (commonly referred to as an LLB) or a Combined LLB. This normally takes four to five years to finish. You must also complete practical legal training, which often lasts a year.

Due to the strong future growth projections for solicitors, there will likely be a substantial number of positions available. For students considering a legal profession in Australia, this is an important point to keep in mind.

Also Read: Group 8 Universities in Australia

Highest Paying Job Sectors in Australia

The legal industry continues to provide some of the most expensive wages in Australia, with experienced in-house general counsel roles at ASX100 corporations holding the title of the best-paying job in Australia with an annual average salary of AUD 437,500 (INR 2.4 Cr). Similar salaries far into the six figures are paid by other companies for general counsel positions.

The growth in demand for leadership roles in the IT industry has led to higher salaries. For instance, from 2021 to 2022, the average annual income for a chief technical officer increased by AUD 30,000  (INR 16 Lakh), or AUD 330,000 (INR 1.8 Cr).

With average yearly wages surpassing AUD 350,000 (INR 1.8 Cr), general managers and senior project managers continue to rank among the highest-paid positions in the construction industry. Head of operations roles in the mining, energy, and resources industries continue to be well paid, with average annual salaries of AUD 325,000 (INR 1.8 Cr). Financial services, banking, and sales jobs all pay well.

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Top 5 Highest Paying Jobs in Australia Without a Degree

It is understandable that not everyone finds the prospect of attending a postsecondary institution for four years appealing, and that a selected career path does not necessarily line up with the need for a Bachelor’s degree. However, there are many unfilled positions that pay well in a variety of industries that do not require the time or resources that a university degree does.

Even though the majority require some level of training or higher education, it is possible to earn more than the AUD 1,633.80 (INR 90,000) Australian average weekly wage and establish a meaningful, successful career. Listed below are some of the highest-paying jobs in Australia without a degree:

Job Role  Estimated Average Annual Salary (In AUD)
Construction Manager 154,536 (INR 86 Lakh)
Ethical Hacker 101,000 (INR 56 Lakh)
Project Manager 122,585 (INR 67 Lakh)
Digital Marketing Manager 101,254 (INR 56 Lakh)
ICT Manager 129,500 (INR 70 Lakh)

FAQs

Is Australia costly for Indian students?

As a developed nation, Australia has significantly higher tuition fees than the majority of other nations. However, this price varies based on the study programme selected and the cost of living in Australia for overseas students.

Can I study in Australia for free?

Scholarships are your best option if you want to study for free in Australia. Australian colleges offer excellent scholarship possibilities that can lower or pay your tuition fee for both domestic and international students.

How much do students earn in Australia?

In Australia, the average annual wage for students is $78,826, or $40.42 per hour. Most experienced workers can earn up to $110,089 per year, while entry-level occupations start at $66,769 annually.

Is Australian degree valid in India?

Only if the offshore campus has received proper approval from the relevant authorities in the foreign country are degrees awarded for courses taken on those campuses recognised in India. The AIU does not recognise foreign degrees obtained by students from route or diploma-level universities as highly.

Australia is a prosperous country with a thriving economy. The job market is fairly vast, and students with an Australian degree are sure to acquire a well-paid position. This in turn contributes to raising the standard of your life. So get admission to the top-rank universities of Australia with the assistance of Australian country experts at Leverage Edu.

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