You can find Part 1 of our guide to the Top 10 Highest paying Jobs in Australia HERE!
Here’s Part 2 of our guide to the Top 10 Highest Paying Jobs in Australia!
Average Taxable Income: $176,885
What does a psychiatrist do?
Psychiatrists are medical practitioners who have specialised in the diagnosis and treatment of all the mental illnesses people can suffer.
Psychiatrists also develop specialties in particular areas of psychiatry, such as working with the elderly or children.
How can you become a psychiatrist?
Again, you’ll need to spend around 9 or 10 years becoming a fully registered medical professional. Then you’ll need to do the two years of basic training in psychiatry.
This is followed by at least another two years of advanced training in psychiatry, where you’ll specialise in a particular area of the job.
Advanced training can be in areas such as general, adult, addiction or indigenous psychiatry.
Total – about 13 years, or more, of education and experience.
7. Chief executives/managing directors
Average Taxable Income: $164,931
A chief executive is the head of an organisation such as a business, non-profit group, or agency or department government. Responsibilities depend on the size of the organisation.
In a smaller operation, the chief executive can be responsible for the day to day tasks such as hiring, purchasing, training, quality control and other supervisory duties.
In large organisations, they usually focus on strategic planning and creating policies. General and operations managers take over the day-to-day operations in a larger organisation.
How can you become a chief exective?
There are several paths you can follow to become a CEO. Starting your own company is one sure way to become a chief executive. There are many examples of people becoming CEOs without finishing (or in some cases, without ever going to university) – Bill Gates of Microsoft, Richard Branson of Virgin Group and Michael Dell of Dell Computers for instance.
Going by the numbers though, completing a degree in an area such as accounting, finance or economics is a more common path. Then you’ll probably need to do years of hard work.
Many CEOs have worked their way up within a single company, gaining an intimate knowledge of the company and the industry it is in. Others may move between companies as they develop their experience.
In either case, to become a chief executive, you’ll likely need to distinguish yourself and demonstrate strong leadership skills.
In total – anywhere from no training, up to decades of experience and training, depending on your situation.
What are some related careers?
Chief executives share the qualities of having strong leadership and organisational skills with Project Managers. This is another rewarding career path where you implement and plan programs and projects in different industries. Holders of qualifications like the Certificate IV in Project Management or the Diploma of Project Management can become candidates for jobs like Project Officers and Administrators.
8. Mining engineers
Average Taxable Income: $157,428
Mining engineers are responsible for the evaluation, planning and building of mines. They’re involved in all phases of mining operations.
Mining engineers manage mining projects and monitor mines for safety, efficiency and environmental impact.
They’re involved in every stage of the life of a mine – from exploration and discovery, all the way to the final land restoration and rehabilitation.
How can you become a mining engineer?
You’re best of starting with a 4-year Bachelor of Engineering, majoring in mining engineering. You’ll also need to find internships and work experience, as many of the skills you’ll require can only be learnt through hands-on activities.
Mining engineer jobs pay well even if you’re a fresh graduate, but you’ll need years of experience to earn the top salaries.
In total – 4 years of training, plus experience.
What are some related careers?
There are other paths into the mining sector. Many people with trade qualifications are required on site, while experienced safety officers are essential in such a hazardous industry. Qualifications such as the Certificate IV in Work Health and Safety can be the start of a long and distinguished career as a safety professional.
9. Other Medical Practitioners
Average Taxable Income: $155,465
What do ‘other medical practitioners’ do?
‘Other medical practitioners’ covers doctors that are not classified under specific roles like surgeons or anaesthetists.
Jobs like dermatologist, radiologist, pathologist, ophthalmologist, emergency medicine specialist, obstetrician and gynaecologist, and medical practitioners fall into this group.
They provide specialised diagnostics, treatment and other medical services in their area of expertise to patients.
How can you become a specialised medical practitioner?
You’ll need to start by becoming a medical professional, which takes at least 7-10 years of training and on-the-job training and experience.
Then you’ll need to join a training program in the area you want to be a specialist which takes a few more years to complete.
In total – around 10-13 years of training and experience.
10. Dental Practitioners
Average Taxable Income: $140,957
What does a dentist do?
Dentists specialise in the art and science of diagnosing, treating and preventing diseases, injuries and malformations of the jaws, teeth and mouth.
How can you become a dentist?
First you’ll need to complete a Bachelor of Dental Science which takes five years.
Some universities only offer dentistry as a post-graduate course. In those cases you’ll need to complete a 3 year degree and then do 4 years of study in dentistry.
Completing some practical placements is part of your course, so once you’re registered with the Dental Board of Australia, you can start practising dentistry!
In total 5-7 years of study including experience.
Do you want one of Australia’s highest paying jobs? In most cases it takes years of dedication, study and work to get to these top paying positions. Becoming a doctor or medical professional, 6 of the top 10 highest paying jobs, is a serious commitment of time, money and energy. You REALLY have to WANT to be a doctor to have that kind of dedication. There are many other ways to make a great living or earn even more than these Top 10 Highest Paying Jobs.
Do you agree with this list? Do you think we’ve missed a top paying profession? Leave a comment to let us know!
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