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The Pom Queen

Australia’s Highest Paying Jobs

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Earlier we looked at the professions that were in high demand in Australia and will be for the coming years. Now let’s look at the highest wages based on careers.

My anaesthetist is a very lovely middle aged gentleman and although he has saved my life numerous times when I receive his bill at the end he nearly causes me a heart attack.

No wonder an anesthetist has been ranked at number two in the top ten list of Australia’s highest earners revealed by the Australian Taxation Office.

Surgeons come out on the top of the list, while anaesthetists and internal medicine specialists rank 2nd and 3rd respectively.

The top ten also includes CEOs, managers, financial dealers and psychiatrists.

 

95BE9214-0172-4647-9043-CB1A47391E17.jpeg


If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

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This data is a little confusing as it seems to be missing some sectors. Also, by saying taxable income do they discount the first $18200 plus whatever else is included as expenses etc?

As an example, because I work in the sector, quite a few Program Managers, IT Project Managers, IT architects, senior programmes, IT Managers, Finance Analysts etc have starting salaries from $160k going all the way to $220k, with some touching close to $250k, all benefits included. General and Executive Managers earn well in excess of $250k, again including benefits

And this is just for permanent staff. And if you think about contractor day rates for most IT skills, then yearly package for most professions mentioned above are around the $200k mark going all the way up to $300k

KnK


Karen & Ken | PRs done and UK Home on Sale : Jun 16 | Moved to Aus : Dec 16 | Break from Life : Dec 16 to Feb 17 | Mel Rental, Jobs and City Life : Feb 17 | UK Home Sold : Mar 17 | Mel Land Purchase : May 17 | Home Construction : Sept 17 | (Bye bye city and hello suburbia) Moved in : Aug 18 | and on to the next............

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On ‎09‎/‎05‎/‎2018 at 14:59, The Pom Queen said:

Earlier we looked at the professions that were in high demand in Australia and will be for the coming years. Now let’s look at the highest wages based on careers.

My anaesthetist is a very lovely middle aged gentleman and although he has saved my life numerous times when I receive his bill at the end he nearly causes me a heart attack.

No wonder an anesthetist has been ranked at number two in the top ten list of Australia’s highest earners revealed by the Australian Taxation Office.

Surgeons come out on the top of the list, while anaesthetists and internal medicine specialists rank 2nd and 3rd respectively.

The top ten also includes CEOs, managers, financial dealers and psychiatrists.

 

95BE9214-0172-4647-9043-CB1A47391E17.jpeg

Wow Anaesthetists earning that much! must be a demand and supply issue surely. That's not really consistent with the level of skill, you would think it was easier to control pain than perform brain surgery!

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On 09/05/2018 at 14:59, The Pom Queen said:

My anaesthetist is a very lovely middle aged gentleman and although he has saved my life numerous times when I receive his bill at the end he nearly causes me a heart attack.

After reading that,  I'm counting my blessings.  I had surgery twice in 3 days in a private hospital here in Hobart - with 2 different anaesthetists....and didn't have to pay  a cent.  They both bulk billed.  Thank you lovely gentlemen.  ?

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Not really familiar with how our Health policy worked, we went along with our Doc's recommendation for a Appendectomy for Connie a few months ago. The specialist said get in touch with this Anaesthetist for the operation. His rate was estimated $750 for an operation lasting less than 1hour, Medicare paid $225 and our health scheme paid $75, we had to stump up the rest about $480. We have since learned that we could have gone to any Anaesthetist and not had to have the one specified by the surgeon.

We will know better next time round.

Mike

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3 hours ago, can1983 said:

Wow Anaesthetists earning that much! must be a demand and supply issue surely. That's not really consistent with the level of skill, you would think it was easier to control pain than perform brain surgery!

That will be why surgeons earn more than anaesthetists then.  


Any fool can criticize, condemn, and complain but it takes character and self control to be understanding and forgiving.

Dale Carnegie – 1888-1955, Author and Lecturer

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1 hour ago, NicF said:

That will be why surgeons earn more than anaesthetists then.  

ha ha, $30,000 is only 10%

actually if you google anaesthetist jobs in Australia the numbers are completely made up. No job advertised is more than $200000. That survey says average is $359,056

porky pies article I reckon

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9 minutes ago, can1983 said:

. No job advertised is more than $200000. That survey says average is $359,056

porky pies article I reckon

That would be the starting salary for employees - for hospitals etc.   Many (most?) anaesthetists end up working for themselves in private practice, having patients referred by private practicing surgeons and maybe doing some extra paid work in public hospitals.  Those figures  (from the Australian Taxation Office)   are taxable income  - so  not only income from their employment but also from investments, properties etc.   (And no doubt after tax minimisation schemes activated by their accountants, so real gross income would be considerably higher).

https://www.ato.gov.au/media-centre/media-releases/australia-s-highest-earners-revealed/

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I’m sure many self employed people will be earning similar figures judging by the number of tradies I know who own $1m+ house, investment house plus boat and nice cars... 

 

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How do you know they actually own them.  People have massive mortgages and cars on finance............

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So many wineries ......so little time :yes:

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14 hours ago, can1983 said:

Wow Anaesthetists earning that much! must be a demand and supply issue surely. That's not really consistent with the level of skill, you would think it was easier to control pain than perform brain surgery!

Anaesthetics do a lot more than control pain, delivering anaesthesia is a huge responsibility.

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14 hours ago, CaptainR said:

I’m sure many self employed people will be earning similar figures judging by the number of tradies I know who own $1m+ house, investment house plus boat and nice cars... 

 

Apart from the fact that they may have enormous debt....those ATO figures are median incomes.  Young tradies start on low incomes - much lower than those for surgeons etc.  - so would markedly affect  the median income figure.

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How do you know they actually own them.  People have massive mortgages and cars on finance............
if he says the house are $1m plus... then you can divide the house price by a factor ranging from 3.0-3.75 or so for individual mortgage or 4.0-4.75 or so for joint mortgage

that gives you annual salary...

I think

Melbourne... ahhhhhh😊

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On 08/08/2018 at 00:06, SWMOY04 said:

if he says the house are $1m plus... then you can divide the house price by a factor ranging from 3.0-3.75 or so for individual mortgage or 4.0-4.75 or so for joint mortgage

that gives you annual salary...

I thinkemoji6.png

No allowance for any deposits ? 

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42 minutes ago, Rallyman said:

No allowance for any deposits ? 

less deposit 10-15% of a million and costs?...call it 800,000...divide that by the worst muiltpier (which doesnt make sense to me as why would someone with a poor credit record be given anything upwards of 750000...)

and that gives about:

  1. 200000 total annual income for joint applicants or
  2. 266000 per annum for an individual

surely scenario 2 still reflects a high wage, relative to this discussion wouldn't you agree?

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Melbourne... ahhhhhh😊

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2 hours ago, SWMOY04 said:

less deposit 10-15% of a million and costs?...call it 800,000...divide that by the worst muiltpier (which doesnt make sense to me as why would someone with a poor credit record be given anything upwards of 750000...)

and that gives about:

  1. 200000 total annual income for joint applicants or
  2. 266000 per annum for an individual

surely scenario 2 still reflects a high wage, relative to this discussion wouldn't you agree?

Yes agree it’s a high wage , are there that many earning that kind of money , recently built a house for an antithesis in sydney he was earning 1milion plus per annum ( all private work) 

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I wouldn't know if many are earning that kind of money Rallyman.

I was simply answering Rammygirl's assertion that people have massive mortgages, so I was (I hope) logically using my little knowledge of mortgages to "reverse engineer" someones annual wage in order to compare it to the table at the top of the thread....

Its always difficult to estimate someones wages depending on their title.

my official title/desription is Mental Health Nurse.... If you want to be more specific, it is band 6 mental health nurse.

but if you compare what that title/despriciotn should be getting paid for last tax year (£26,500-£36,500), you'd be confused as to why my actual income was waaaaaaaaay over that in the same tax year.

So I can fully appreciate the example of the "millionaire" anesthetist in Sydney.?


Melbourne... ahhhhhh😊

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