Guest The Pom Queen Posted May 9, 2018 Share Posted May 9, 2018 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. Quote Link to comment Share on other sites More sharing options...
Kenfrapin Posted May 14, 2018 Share Posted May 14, 2018 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 Quote Link to comment Share on other sites More sharing options...
can1983 Posted May 14, 2018 Share Posted May 14, 2018 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. 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! Quote Link to comment Share on other sites More sharing options...
Skani Posted May 15, 2018 Share Posted May 15, 2018 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. 1 Quote Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted May 15, 2018 Share Posted May 15, 2018 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 Quote Link to comment Share on other sites More sharing options...
NicF Posted May 15, 2018 Share Posted May 15, 2018 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. Quote Link to comment Share on other sites More sharing options...
can1983 Posted May 15, 2018 Share Posted May 15, 2018 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 Quote Link to comment Share on other sites More sharing options...
Skani Posted May 15, 2018 Share Posted May 15, 2018 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/ Quote Link to comment Share on other sites More sharing options...
CaptainR Posted May 15, 2018 Share Posted May 15, 2018 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... Quote Link to comment Share on other sites More sharing options...
rammygirl Posted May 15, 2018 Share Posted May 15, 2018 How do you know they actually own them. People have massive mortgages and cars on finance............ 1 Quote Link to comment Share on other sites More sharing options...
Drumbeat Posted May 15, 2018 Share Posted May 15, 2018 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. 2 Quote Link to comment Share on other sites More sharing options...
Skani Posted May 15, 2018 Share Posted May 15, 2018 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. Quote Link to comment Share on other sites More sharing options...
SWMOY04 Posted August 7, 2018 Share Posted August 7, 2018 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[emoji6] Quote Link to comment Share on other sites More sharing options...
Rallyman Posted August 11, 2018 Share Posted August 11, 2018 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 think No allowance for any deposits ? Quote Link to comment Share on other sites More sharing options...
SWMOY04 Posted August 11, 2018 Share Posted August 11, 2018 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: 200000 total annual income for joint applicants or 266000 per annum for an individual surely scenario 2 still reflects a high wage, relative to this discussion wouldn't you agree? 1 Quote Link to comment Share on other sites More sharing options...
Rallyman Posted August 12, 2018 Share Posted August 12, 2018 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: 200000 total annual income for joint applicants or 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) Quote Link to comment Share on other sites More sharing options...
SWMOY04 Posted August 12, 2018 Share Posted August 12, 2018 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. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.