Australia is fast emerging as the preferred destination to study for those from the sub-continent. It continues to be among the favourites for many of us due to its quality of education, life, and the multicultural fabric. Since most of us who choose to study abroad also prefer to gain work experience there, it is highly pertinent to look at which careers offer the best chances to succeed in Australia.
We look at the current salary ranges within individual sectors in Australia to determine which of them pay the best and look set to go from strength to strength. A combination of good pay and good prognosis for the sector make them the best career bets for South Asian students headed to Australia for further studies. It should be kept in mind though that salary estimates may vary from source to source and region to region. However, the following information will give you a very good idea about the highest paying sectors in Australia. (As a rule, engineers, doctors, lawyers, IT professionals, consultants, and finance experts do well in that country.) Many of these sectors offer opportunities to earn in six figures within just a couple of years of joining.
So without further ado, let’s look at the professions that would stand you in good stead Down Under.
(Note: All figures are in Australian dollars.)
1. Healthcare & Medical
Many countries happen to be great destinations for jobs related to the medical profession in general, and doctors in particular. Australia is no exception. If you are a medical student (or even a nursing or dentistry student) keen on pursuing your higher studies abroad, Australia is a place where your medical knowledge will earn you a good salary and a great life.
Nurses earn $60,000 per year on average and dentists $78,000 per annum. Note that the top most salaries are significantly higher in both these professions and with expertise and experience your pay rises considerably. As per one report, surgeons (and anaesthetists) earn in the excess of $300,000 per year in Australia.
Law students will be happy to know that their hard-earned degrees will make them good money in Australia. Salaries within this sector start around $60,000, depending on your role, and are quick to rise with high performers being regularly rewarded. Refer to this report for a detailed understanding of the legal sector in Australia and the salaries therein.
As the world gets more and more digitized, computer know-how is going to be an increasingly prized and in-demand skill. Make the most of your computer science and programming courses as you are looking at an average salary of $100,000 per year as a well-rounded IT professional in Australia. (To learn more about entry-level salaries in Australia, refer to this article’s breakdown sector wise.)
Chartered accountants and MBA or finance specialists pay attention — accountants happen to be highly paid and in great demand in Australia. If numbers interest you and you are not fazed by the idea of working long hours, a degree in finance or chartered accountancy will set you on the path to a rich life later on. The average salary for an accountant working with a small- to medium-sized firm in Australia ranged from $70,000-$85,000 in 2013.
5. Banking & Finance
A wide range of jobs that begin from anywhere around $40,000 and go up to more than $100,00 per year, depending on the role and the responsibilities involved. This sector is the backbone of any economy, and for the ambitious among you it looks secure in Australia and hence a wise long-term investment. Even better news is that the climb up the ladder is relatively fast in these professions.
Everything may change around you but what will never get old, or go out of demand, is the need of the man who knows what he is talking about. Consultants will always be in demand because of their expertise. A degree in management is the best way to land a job as a consultant and get paid close to $100,000 as a minimum.
7. Rail & Maritime Transport
The rail and maritime transport industry in Australia has a host of jobs that pay exceedingly well. Engineers in this field do particularly well (as indeed they do in other fields as well). With a degree from a reputed university you can expect to earn around $100,000 per year. This is a job that will require you to be away from home for long months at a stretch though, so only choose it if that kind of lifestyle attracts you.
8. Mining jobs
Australia is home to some of the top mining companies in the world such as BHP Biliton and Rio Tinto. The mining sector in the country is very robust and is also poised to grow strongly which makes joining it a reliable investment. If staring at a computer screen all day long doesn’t sound like your cup of tea and if you don’t mind getting your hands dirty once in a while, a mining degree and the right work ethic will take you far in this country. The kind of jobs in this sector range widely but with an engineering degree you can expect to earn around $100,000 per year, though with experience and knowledge you are looking at salaries higher than $250,000 per year.
Selling never gets old, much the same as consulting. Whether you are selling insurance, medicines, or defence software, people who can bring in business are always the stars wherever they go and among the highest paid employees, too. If you have a highly developed sales bone in your body, you might want to give a good thought to picking up sales as your career in Australia. It is, however, a high risk and high reward kind of work with extremely high levels of stress and also a high rate of attrition. Only join if you are a natural!
Sales executives with just one year of experience are looking at salaries of $50,000 on average. High performers or those who have risen through the ranks fast (which one often does in a sales environment) can easily take home around $100,000 per year.
10. Marketing & Communication
The marketing field is another sector in Australia with good scope to make money and to grow fast as a professional. Even though the average salary in 2013 has seen a slight dip over the last year, it still stands at more than $80,000 per year. Those who can manage to make themselves indispensable to their companies can expect to earn hefty packages and bonuses.