Australian Tax Office data reveals top 10 highest paying jobs


Business chief executives and architects have dropped out of the list of the top 10 highest earning professions in Australia, replaced by engineers and financial advisors. 

Doctors, psychiatrists and lawyers sweep the list of the country’s highest-earning careers in the latest 2019-20 tax return data from the Australian Taxation Office.

Daily Mail Australia looks at the top 10 highest-paid careers in Australia. 

Surgeons have been the Australia’s highest paying professionals since 2010

1. Surgeon, $406,068

Surgeons top the list for the 12th consecutive year with an average salary of $406,068, slightly up from $394,000 from the previous financial year.

Those who choose to specialise earn considerably more with neurosurgeons the highest paid at $600,387, followed by reconstructive surgeons ($500,269) and ophthalmologists ($533,511).

They all earn more than Prime Minister Anthony Albanese, who is on $564,356 a year.

These medical professional also typically earn more than double the base salary of a backbench federal MP on $217,060.  

Plastic surgeons earn an average $475,081 while heart surgeons are on $464,243. 

2. Anaesthetist, $388,814 

There are 3500 anaesthetists in Australia, who earn an average $388,814 a year up from from $386,065.

Anaesthetists prepare patients for their operation, helping with everything from pain relief to surgery preparation to implementing a patient care plan before, during and after the procedure. 

3. Internal medicine specialists: $310,903

Internal medicine specialists remain in third spot but are earn more than $6,000 than they did 12 months prior.

They are trained to diagnose, manage and treat complex, sometimes complicated or difficult-to-diagnose health disorders and often work in consultation with other medical professionals.

Fourth on the list are financial dealers who earn an average $275,984. Pictured are indicator boards at the the Australian Securities Exchange

Fourth on the list are financial dealers who earn an average $275,984. Pictured are indicator boards at the the Australian Securities Exchange

There are a few surprise entrants and omissions to the top 10 list of Australia's highest paying jobs

There are a few surprise entrants and omissions to the top 10 list of Australia’s highest paying jobs

4. Financial dealers: $275,984

Financial dealers analyse social trends, market conditions and government regulations, as well as analysing and interpreting their client’s financial circumstances in order to buy and sell commodities for profit.

If the lucrative salary attracts you, you’ll need a degree in commerce, accounting, finance or economics and then must apply for a license from Australian Securities and Investments Commission to trade as a financial dealer.

5.  Psychiatrist: $252,691  

Psychiatrists rounded out the top five and recorded one of the biggest jumps in average salaries, up from $235,558. 

Psychiatrists specialise in diagnosing and treating mental illnesses, through psychotherapy, establishing treatment plans, ordering laboratory testing and assessment, prescribing medication and admitting patients to hospital. 

6. Other Medical Practitioners: $232,903 

This covers other medical professions not listed in the top five such as as GPs, dentists, orthodontists, periodontists and obstetricians.

These professionals are earning an average $10,000 more than in previous data.

But due to the diverse fields covered, the salaries of these medical professionals vary.

Specialists such as cardiologists, orthopedic specialists and gastroenterologists, who have a collective average salary of $450,000. 

Mining engineers remain Australia's eighth highest paying job rising from an average $184,507 salary to $188,083

Mining engineers remain Australia’s eighth highest paying job rising from an average $184,507 salary to $188,083

Chief executives/managing directors and enterprise architecture managers have dropped out of the top 10 to be replaced by engineer managers (pictured) and financial investment advisor/managers

Chief executives/managing directors and enterprise architecture managers have dropped out of the top 10 to be replaced by engineer managers (pictured) and financial investment advisor/managers

7. Judicial or other legal professionals, $189, 538:  

This covers a broad range of professions within the legal sector from everyone such as judges, barristers and lawyers to paralegals and administrative assistants.

But salaries vary widely depending on the job and individual firms.

8. Mining engineer: $188,083 

With a previous average pay packet of $184,507, mining engineers are in charge of evaluating, planning and overseeing the construction of a mine. 

They identify potential development sites by collaborating with geologists and conducting surveys off the mineral deposits, as well as coordinating the  employment of staff and implementing safety programs and procedures. 

They also restore mines to their original state once mining is completed.

They typically undertake an engineering degree and become a professional mining engineer after two years as a graduate

With an average salary of $161,514, engineering managers have jumped up three spots in be ranked in the top 10 of Australia's highest paying jobs

With an average salary of $161,514, engineering managers have jumped up three spots in be ranked in the top 10 of Australia’s highest paying jobs

9. Engineering manager: $161,514

This field has jumped up three spots into the top 10 after the average salary slightly increased from $159,940. 

Engineer managers are generally in charge of planning technical operations, civil engineering and construction projects, depending on the company or agency they are employed by. 

Day-to-day responsibilities include budgets, schedules and development of quality control and safety procedures, as well as overseeing hiring, coordination of activities and liaising with other department heads. 

10. Financial investment advisor/manager, $155,882

This career jumped at least five places to crack the top 10 list .

Financial investment managers work with other financial professionals, such as analysts, to research and plan client investment portfolios.

They also advise clients on investment strategies such as stocks and bonds, retail or mutual funds, superannuation funds, property and shares to maximise financial returns.

They work across a range of fields such from financial services industries to real estate.

Read more at DailyMail.co.uk