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ATO reveals top 10 highest paid jobs

·Personal Finance Editor
·2-min read
Australian currency and a crowd of people walking to represent high paying jobs.
The highest paying jobs in the country have been revealed. (Source: Getty)

The top ten highest paying jobs in the country have been revealed, with new data showing surgeons are the nations top earners.

The Australian Taxation Office (ATO) has released its Taxation Statistics for 2019-20 with those in the medical field taking out the top three spots.

Surgeons are raking in around $406,068 per year on average - up from $394,000 in the previous financial year.

Surgeons have taken out the top spot since at least 2010, according to the ATO.

By comparison, the average Aussie earns around $69,400 a year in taxable income.

Here are the top 10 highest paid professions in the country.

An infogaphic from the ATO showing the highest paying jobs in the country.
Top 10 highest paying jobs. (Source: ATO)

For the most part, the amount of money earned is somewhat proportionate to the limited number of people who do the job.

For example, there are only 4,159 surgeons in Australia and 3,509 anaesthetists, so they are in specialised positions and, in turn, earn more.

However, that does not appear to be the case when it comes to other medical practitioners, engineering managers or financial investment advisors.

Skills shortage

Australia is currently in the midst of a national skills shortage as a result of the low unemployment rate.

In turn, companies are struggling to find workers to fill positions.

Australia’s official unemployment rate has fallen to 3.5 per cent after 88,000 jobs were added in June.

That’s the lowest unemployment rate in 48 years, going back to August 1974 when the rate was 2.7 per cent.

According to the latest SEEK employment data, job ads pulled back slightly in June but were still 23.3 per cent higher, year-on-year, and 52.4 per cent above June 2019 levels.

“With skills shortages locally and overseas, international economic uncertainty and rising operational costs, businesses in all industries are under pressure,” SEEK ANZ managing director Kendra Banks said when the data was released last month.

“Despite a month-on-month drop in job ads across many industries in June, job ads remain very high compared to last quarter, last year and pre-pandemic levels.”

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