Top 3 highest paying Jobs in Australia 2022

Tuesday, 2 August 2022

Job openings in Australia increased to all-time highs in the first quarter of the year. We share the top 3 highest paying jobs in Australia for you to choose the best career for you.

Although most Aussies were initially less likely to change jobs after the COVID-19 outbreak, primarily because of the unstable economy, less advertised job offers and the JobKeeper program -which encouraged employees to stay with their employers-. The Australian labor market has been more active than ever with an unprecedented amount of job openings reaching new highs in the first quarter of 2022.

This so-called Great Job Boom and the ensuing high demand for workers across Australia makes for the perfect excuse to brush up on your knowledge of what different occupations are paying, especially if you are planning on starting a career or changing career paths.

We share the top 3 highest paying jobs in Australia for you to choose the best career for you.

Australia's job market 💼

In the first trimester of 2022 an increase of 13.8% in the number of job offers was registered in comparison to the prior quarter to 480,100  vacancies, as reported in an analysis form the Australian Bureau of Statistics (ABS).

This increase represented more than twice the amount that was reported for February 2020 -before the COVID-19 pandemic first appeared- and was up 29.7% from the same time last year, according to a bulletin of Australian Economy by the Reserve Bank Of Australia.

The persistently high level of job openings shows the speed at which labor demand has recovered after it fell in May 2020, as well as the fact that businesses throughout the economy have reported labor shortages and continuous business interruptions.

These 58,200 vacancies represent the pace of recovery of a point in time where many businesses were surviving the effects of the Omicron wave of the COVID-19 pandemic as explained in the ABS report.

Great Job Boom💥

Bjorn Jarvis, head of labor statistics at the ABS explained in an interview for Reuters about this scenario that "reflected increasing demand for workers, particularly in customer facing roles, with businesses continuing to face disruptions to their operations, as well as ongoing labor shortages".

"There were almost the same number of unemployed people and vacant jobs in May (2022), compared with three times as many people before the start of the pandemic," he added.

Shockingly, the unemployment rate  is the lowest level in nearly 50 years at 3.9 percent, mainly because of the hiring pace that has exceeded all expectations in recent months.

More recently job mobility has increased as well since workers completed anticipated job changes or were motivated to do so by the vigorous labor market -especially in high-skilled sectors with high labor demand-.

Highest Paying Jobs In Australia

Both students and job seekers have a promising future. So, if you're looking for the wealth you desire, check out the list of the top paying occupations in Australia below.

Although social support, lodging and food, science and professional, and retail were among the sectors with the highest job opportunities.

It shouldn't come as a surprise that people in the medical and health fields would make the most money, followed by those in the finance and legal sectors.

The Australian Taxation Office (ATO) website these are the top 3 occupations by average taxable income an individual may have in the aussie territory. And to no surprise the first three spots are exclusively health related.

1. Surgeon 👩🏻‍⚕️

According to a report from ABC, in Australia, there are at least 4,150 surgeons earning an average salary of $394,303 a year. Even with the recent increase in the minimum wage from $20.33 to $21.38 an hour, this occupation still pays nine times more than the minimum wage.

In a time where Australia's healthcare system is in more distress than ever, with overworked medical staff, facilities, and the most recent strains of the Omicron COVID-19 being even more virulent than their predecessors.

In order to address the healthcare crisis, numerous hospitals have decided to postpone non-urgent surgeries due to the severe surgeon scarcity. The largest hospitals in Queensland, for instance, have stopped performing non-urgent surgeries before the third Covid wave in the state peaks, as stated in article from The Guardian.

More than “over 2,000 staff that are furloughed just because of Covid”, said Yvette D’Ath Queensland’s health minister. All "non-urgent" activity has been put on hold at the Gold Coast University Hospital, the Princess Alexandra Hospital in south Brisbane, and the Royal Brisbane and Women's Hospital.

2. Anaesthetist 💉🏩

For other health-related vocations, the landscape appears to be the same. Despite the fact that anaesthetic technicians make up the bulk of the doctors in the healthcare system, there are acute nationwide shortages of them, which are being made worse by employee illness.

According to The Latch, Australia has close to 3,412 anaesthetists. These specialized doctors are in charge of administering anaesthesia to patients before surgeries and other treatments.

The majority of consultant anesthetists have acquired subspecialist interests in a certain surgical specialty, in pain management, or in critical care. The training standards are very strict and rigorous.

They make an average of $386,065 a year. Most of them have a wide range of medical specialties, including the administration of anaesthesia for surgery, pain management, and intensive care.

It takes at least seven years to become an anesthetist. After receiving their medical degrees, these doctors typically chose to pursue postgraduate specialist studies in anaesthesia, intensive care medicine, and pain management. The training requirements are quite demanding and severe.

3. Internal medicine specialist ⚕️ 

The acute hospital and outpatient care settings are both included in the internal medicine skill set. There are at least 9,559 internal medicine specialists working in Australia, earning an average yearly salary of $304,752. They are not constrained by age, diagnosis type, or treatment aim.

Internal medicine experts are able to coordinate patient treatment and work as a member of the multidisciplinary team to enhance health outcomes for both individuals and groups. These specialized doctors are adept at identifying and managing complex, enduring, and multisystem disorders.

One of the most significant advantages is the capacity to offer whole person treatment to the same person at various times and for various illnesses, with many clinical scenarios requiring the expert use of a high level biopsychosocial approach.

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