50 top paying profession for both men and women.
Nothing annoys me more then seeing politicians being up there they do a shocking job steal every $ they can and entitle themselves to tax payers money.
No mega surprises makes me wish i studied finance (wasnt smart enough for med)
http://www.news.com.au/finance/work/careers/australias-50-hi…
All the jobs on the list don't suit me. Nothing lost then.
what about that QR guy who was in europe when the trains didn't run? the papers said he earned 600k+ a year and had a 77k performance bonus? why isnt he on the list?
He would have been an executive director of some kind, but the figures in that article are only typical salaries, not top salaries.
There's just like 49 different types of surgeons on that list
Too bad tree surgeons missed out.
I think the take-home from that, is that if you're in medicine and not an aide/nurse/admin you are guaranteed some really fine coin. Albeit you will be working your arse off in most specialisations (except for cosmetic surgeons).
Something like 50% of doctors are GPs though, which comes out at pretty low on the list of salaries.
It might be because these are average figures and this makes them susceptible to outliers. Also GP is one of the most family friendly specialities there are and many do it because it can be done part time with little A/H work if desired which would skewer down the average. Not sure if part time surgeon exists as the training is long and arduous so this would result in higher salaries for hardcore specialists. Full time metro GP's can earn between 200-300k. Also there is a big divergence in salaries between those who operate in the public and private spheres.
I know some nurses that earn up to 150k a year. Some hospital staff admin (that just do regular corporate stuff) earn up to 100k a year and are actually pretty hopeless and would drown in a high performance business. So health in general can be a good earner. Sure you won't own a beach front mansion in Sydney, but you'll have a good life.
Even cosmetic surgeons generally will practice in reconstructive too which is quite taxing. I can see how many could easily assert theyre over paid, but a solid 15~ years study/training, life and death day in day out, high stress warrants it against the likes of politicians, ceos and celebrities. My 2c
And rightly so I reckon.
Not in the medical field myself (i'm an engineer), but I have alot of respect for those in the medical profession that are there to help others.
How much does a Virgin Surgeon get?
No veterinary surgeons unfortunately :(
– Sad dogtor
i get paid more
good for you
You frequent "Perth have a whinge do you mate?" haha
Shiiiit I didnt know the disparity in pay between genders was so high. Male neurosurgeons earn $250K more than females, wut!
This is a classic case of where you can't directly compare the average salaries to determine a pay gap. Most of these specialists have very few women and most of those are young. The older, higher paid ones are all men.
The problem in this case was that it was very hard for female doctors to break into these specialities due to it being an old boys club.
There are more part-time female specialists in most fields than male but the statistics do not show income per hour worked.
Critical flaw in these articles - especially articles from News.com.au always flogging 'women get paid less than men!' arguments.
It's just a fact, women leave work to have kids - no surprise that less women will be working, and less at the experienced top end because they have been out of the field for 10 years bringing up their kids.
Experience doesn't really matter when you hit consultant level in med. You get paid what you get paid in a public Hospital. It only gets more lucrative when you move into private hospitals, run your own rooms, etc.
Still, medicine jobs outside the good working hours ones (which are rare), are burnout and marriage killers. You might earn slightly more than a guy driving a truck at the mine, but the stress of the job is out of this world.
There's no way you can judge whether there's a real disparity here between the sexes or claim sex discrimination.
The figures are provided by the Tax Office who use "Taxable Income" as their measure.
This does not factor in things like the number of hours worked. There'll definitely be a difference between the number of hours worked between different people.
If we take this example:
Surgeon 1 has a reported Taxable Income of $500,000 during the previous year.
Surgeon 2 has a reported Taxable Income of $200,000 during the same year.
For anyone looking just the above (which is what the ATO would see), you could say that it's not fair that Surgeon 1 gets paid more than double what Surgeon 2 got paid!
BUT!!
Surgeon 1 could've done over-time every single day during that year whereas Surgeon 2 simply did his/her hours every day and just went home without ever taking up over-time shifts.
Based on the information that we've been given, we can simply say that Surgeon 1 earned more than Surgeon 2 in the previous year. There is not enough information to conclude what factors may have influenced the amounts.
Thanks for taking the time to explain that one person earned more than one other person in 9 paragraphs, nice and succinct.
lol, but he would have a point if they did use taxable income, but I can't see anywhere it states that, and I highly doubt they would be using that figure - it wouldn't make any sense at all for this purpose. They'd just use the gross salary.
You'd be surprised how many people use these articles as "evidence" of sex discrimination.
For those who are too lazy to click, here's the list from the article below:
Doing gods work.
Your job = free
Its worth = Priceless
Cricketer $257,527
warney?
2 things… One, it makes me glad I'm a man. Two, it makes me question my career choices.
Member of Parliament $232,093
That's $232,093 too much I'm afraid, lol
They'd be getting more than that too with the perks and the brown paper bags full of cash from property developers.
silverrat23 you the real MVP
Lots of professions there that don't seem to be replaced by 457 visa workers.
OP should edit it with the list
Hmmm the pay gap between men and women is quite obvious isn't it.
hmmm and wonder why our health care is more expensive
so more female doctors would mean cheaper healthcare?!
More doctors means cheaper healthcare.
female doctors do more parttime probably
More expensive than what? American taxpayers pay more for healthcare and they don't have universal cover.
Yeah, I can't believe that just because of their gender, male futures traders earn almost 20k less than their female coworkers. This discrimination needs to end.
Men in the kitchen get paid less though… =p
Also almost all females models earn nearly twice as much as male models. very unfair
The list doesn't represent a pay gap, there's just more men employed in the higher paying fields, which means the maximum salary is going to be higher for them.
If the list was averages then it'd represent a pay gap.
I'm not denying the existence of a pay gap, I'm just saying it's not even hinted at here.
there's just more men employed in the higher paying fields
That's called a pay gap.
The gender pay gap is the difference in pay between genders in the same field, not different fields.
@Sturmeh: Glass ceiling? That sounds like glass ceiling where you cannot advance beyond certain position.
I like how they specifically clarified "Judge - law".
Like we might get it confused with "Judge - talent show"?
Judge - Dredd
Judge - competitive pie eating :P
Judge - Judy
she'd top that list at $45m a year
Judge - Mental
Judge - Reinhold
$47,000,000 Judge - Judy
I've always wondered where media personalities, celebrities, etc. rank on those lists…
They earn a few bob more …
And hide it.
I see a lot of "could have beens" on that list. I was a medical student for several years, never really liked it, studied finance and economics, was offered an investment management position at a major investment bank, but turned it down. I'm now a teacher, it's my childhood dream job and I genuinely could not be happier. Even salaries of $500k+ could never, ever make me regret my choices.
Nice. As a tax accountant anything more than $180k probably ain't worth it as more or less than 1/2 of it goes in taxes…
For me, it's not even really about the money. I live comfortably, drive a nice-ish car and have enough residual income to buy whatever I want. I just think the more we earn, the more we end up wasting - like sure, I'd love to drive a Porsche 911, but what's the point if I don't love what I do everyday?
If you are a tax accountant and let 1/2 of that salary go to taxes then you might want to reconsider your career.
Based on that statement, I would assume Faithgrrl is a $50~fixed-rate type of tax agent, rather than a well-paid one.
Also, many of these professionals, especially CEOs/GMs will have substantial non-salary benefits included in their package to help them sidestep the fingers of the ATO.
And people wonder why there isnt enough money for hospitals and roads
@kryzstoff: Non-salary benefits are subject to FBT which is part of the package. There (as far as I know) not much one can do to "side step" the ATO.
Yes I know you might say negative gearing but that means losing money to the bank. One would presumably give $ to the government than the bank?
I don't mind actually. Maybe I am abit of a communist at heart.
I have considered minimising my taxes and this is why it won't work:
I am open to anyone else having other ideas to save taxes (legally).
There (as far as I know) not much one can do to "side step" the ATO.
When you're earning 400k as a salary, there isn't much you can do that will make a noticeable difference to your after tax income.
In the 180-250k range, you can probably do a few thing you can do like concessional super contributions, novated leases, etc.
So you are saying earning 180k and taking whatever home is better than earning 500k and taking 250k? No thanks, I'll stick with my accountant.
Ah. But how many (extra) hours are there between working for 180 versus working for 250.
Is it worth it if it means an extra 20 to 40 hours a week? Or do you want to spend time with the family?
I suppose it would depend on what you want. Which I think is what other people are getting to.
@Faithgrrl: I see what you mean. You should have said any extra overtime to get you over 180k isn't worth it.
But if a 40-hr job pays 500k it is certainly better than a 40-hr 180k job.
That's great to hear. Watch the Finland Phenomenon and you'll see how important teachers are to society.
Finland Phenomenon: https://www.youtube.com/watch?v=lGfeU9s46p8
I'm a teacher too. There's a reason why so many people are entering this profession and it's not for the money (but it helps)!
it's not for the money
It's all about the money.
I mean seriously?
@Diji1: I know you're joking, but I do think you raise an interesting point.
Having been through med school and having been friends with many people who have ended up in various positions including investment banking, asset management and even a hedge fund, I actually don't think it's about the money at all. None of my friends who aim for these positions really care about the money, they all earn a lot, but they also all spend a lot and from what I know of them, they're not the types to chase big bucks.
I think that there is more to it than just chasing money. Personally, from my own experience observing those around me, I find that prestige and a natural competitive trait is what drives people into prestigious careers. Of course, maybe it's the money that's driving the prestige, but it's not always a direct relation. People who go into these prestigious fields don't often do it for the money, but rather, they're smart and driven people who relish competition, like the confirmation that being in a good profession gives them and they generally enjoy the wow factor that they get from others when they say they're a doctor or an investment banker.
Different things motivate different people - some are more money driven than others, but I do think that we all have a deep desire to be really good at what we do, be respected by others and compete.
People who go to med school because they are competitive are in the wrong line of work. Same with the prestige bit. There are some many more prestigious and competitive jobs out there that would be better suited to people who are wired like that than medicine. That field needs smart but empathetic people to work a career there. Not people that want to start wearing white coats on the wards as soon as they hit being an intern so everyone can "see" that they are a doctor rolls eyes.
@serpserpserp: I'm not saying that it's good or bad, just that this is what I've observed in my experience. To be honest, I've seen both sides - I've seen cases where a natural competitive instinct has pushed people to achieve more than they would have otherwise, but I also see plenty of cases where this has led to issues.
I see a lot of "could have beens" on that list.
Isn't that what you are?
That's exactly what he/she is saying. (face-palm)
You can remove your face from your palm and your foot from your mouth.
A has-been and similarly a could-have-been are nouns referring to people not professions.
I agree, these raw figures don't mean a lot. It would be good if they cross correlated the income with some social determinates of happiness such as hours worked including nights/weekends, average life span, rates of suicide/depression, married/children/divorce rates. This would be much more meaningful data. An acquaintance of mine is an anaesthetist and he tells me their medical journals have obituary columns which always have a few names of those who succumbed to suicide. The income figure is just that, a number.
It's the time involved that gets me. There's none of those jobs listed where you work a standard week. For every one of them, that's your life
You need to give everything you have to keep the position, because everyone is clawing for a chance to knock you down and take it.
Now, that would still be fine, you just need to squeeze the 40 hours of living a normal person does in their free time into the 4 hours you have of yours, but living like that is expensive. All the people on that list should have cleaners, cooks, personal assistants, personal shoppers… but you don't see that happening. Instead, they buy investment properties and shares. It's one of the big problems holding back the economy imo.
Clearly you're not Asian
Funnily enough, I'm actually Asian.
Dang! You have disappointed your parents.
It's missing
Eneloop Salesmen
Bikies
Broden.
There can only be one Broden but yes he would be on there
Ozbargain grocery reseller
The real surprise in this article is the apparent gender difference — for most of the listed professions you would expect some sort of similarity, eg. why do male gyno get paid more than female gynos ?!? Very odd.
In most jobs, there are likely to be significant differences between male and female salaries simply due to differences in years of experience, time out of careers for maternity leave, fewer hours worked, higher attrition rates. In many of these professions, eg. ophthalmic surgery they are still very male-dominated and those with the most experience charge vastly more even though they might be in their 60s or 70s, while new graduates today are close to 50% female in that industry it will take another 40+ years before they have comparable experience to the top surgeons today.
Another very odd one is the Members of Parliament — WTF! there is absolutely no excuse for women not to earn the same as men.
I don't know why they included crossing guards in the list of lowest paid workers — at less than 10hrs a week I'm surprised they earn as much as that!
Another very odd one is the Members of Parliament — WTF! there is absolutely no excuse for women not to earn the same as men.
Different positions (e.g. front vs. back bench) command different salaries.
But female magistrates earn more than.male ones! This is disgraceful, we need a Royal Commision into this.
I want to see the equivalent hourly rate of these top professionals. I bet that'll really bring them down a peg or three
When you add in the insurance premiums any of those specialists have to pay, and their med school debts… the finance jobs likely make the most, erm, "financial cents" ;)
Nevertheless, definitely wouldn't be screwing up my nose at any of those salaries
Yes exactly, you can knock off 100,000 in insurance for some of those med professions. Then factor in 7+ years uni, with extremely limited free time to support yourself. No hard feelings from me.
Mind you, I had to get through 10 years of study for my PhD which earns me a fraction of that. If I had been working as a plumber for that time I would be financially better off for the whole of my life. It comes down to what you enjoy, if that is 100 hour working weeks as a lawyer then so be it.
yeah, nah