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A Closer Look at Average Salaries in Australia: Industry Insights

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April 28, 2023


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The salary a job offers is one of the main points of consideration when deciding to take a job. Along with the industry of work, relocation and whether or not the job is remote, the salary offered has the biggest impact on the employee's lifestyle. Hence it is imperative to do your due research when deciding to switch jobs.

Suppose you are considering getting a job in Australia, whether remote or in person. In that case, you should consider the basic salary in Australia and whether that’s suitable for your current lifestyle and future goals.

Australia is a developed nation with a varied economy that includes enterprises in many sectors like tourism, manufacturing, agriculture, manufacturing, and mining. As a result, earnings in various businesses and professions vary greatly. The median incomes for each industry are represented by the average salaries, which are based on several variables. The work function, location, experience, education level, and firm size are just a few of the variables that can greatly impact compensation.

Average Australian salary across different industries

Some of the highest-paying industries in Australia are-

Mining industry

One of Australia's top-paying industries is mining, with annual salaries averaging almost AUD 120,000. Experts such as mining engineers and geologists have the potential to earn even more. It's widely recognised that skilled professionals are in high demand, particularly in remote regions of the country.

Healthcare industry

Among the well-paying sectors in Australia, the healthcare sector stands out, boasting an annual average wage exceeding AUD 95,000. While doctors and surgeons take top earnings in this field, other rewarding professions, such as nurses, therapists, and technicians, also make a comfortable living.

Information Technology Industry

The information technology industry is thriving in Australia, offering respectable yearly earnings of around AUD 85,000. Demand for various IT jobs is rising, with software developers, network engineers, and cybersecurity specialists being particularly valued for their expertise and getting paid handsomely.

Finance industry

With an average annual income of over AUD 80,000, the financial services sector in Australia also provides high-paying employment opportunities. Accountants, financial analysts, investment bankers, and wealth managers are among the occupations in the finance sector.

Engineering industry

With an average yearly income of about AUD 75,000, the engineering sector in Australia also offers competitive pay. Depending on their degree of training and experience, engineers in various specialities, including civil, mechanical, and electrical, may be paid more.

Education industry

The Australian education sector provides a variety of employment at various pay levels. Professors teaching in the top universities usually earn the big bucks, typically in the ballpark of AUD 100,000 to AUD 200,000 per year. While teachers in public schools make about AUD 70,000 per year on average.


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Frequently Asked Questions

1. What are the average salaries in different industries in Australia?

The average salaries in Australia vary by industry. Here are some industries and their average salaries-

  • Mining sector- annual salaries averaging almost AUD 120,000.
  • Healthcare sector- an annual average salary exceeding AUD 95,000.
  • Information technology sector- offering decent annual salaries of around AUD 85,000.
  • Finance industry- With an average annual salary of over AUD 80,000.
  • Engineering industry- With an average annual salary of about AUD 75,000.
  • Education industry- With an average annual salary for university professors of around AUD 100,000 to AUD 200,000. And for public school teachers, an annual salary of AUD 70,000 on average.

2. How do average salaries vary across various industries in Australia?

  • High-Paying Industries: The mining, healthcare, and IT industries produce some of the highest average earnings.
  • The financial and banking industries pay handsomely for positions like investment bankers, financial analysts, and wealth managers.
  • Engineering: Engineers with specialised knowledge, such as those in the petroleum and electrical industries, get good money.
  • Education and academia: University professors and lecturers often make more money than public school instructors.

Remember that compensation ranges within each field might vary depending on an individual's situation and criteria, including geography, experience, and credentials.

3. What factors influence average salaries in different industries in Australia?

It's crucial to keep in mind that earnings in Australia might vary significantly based on things like geography, experience, and educational attainment.

For instance, in the mining sector, top management jobs and tasks requiring specialised knowledge, such as those for mining engineers, geologists, and metallurgists, sometimes have the highest salaries. Medical experts like surgeons and anesthesiologists often earn greater compensation than other healthcare workers.

Salary levels are also heavily influenced by education and experience levels. Generally, people with higher education and experience are typically paid more. Since incomes might change greatly across various states and regions, location is another crucial consideration.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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