Mining, resources and energy industries are highest paid in Australia

by Ray Clancy on August 28, 2018

in Jobs in Australia

The top 20 highest paid industries in Australia have been revealed in a new analysis report which gives those considering a move to the country an idea of the areas where jobs are doing well.

Mining, resources and energy industries top the list from employment marketplace SEEK, and have the highest average advertised salaries.

The data, which ranks the average advertised salaries across 28 industries, shows the highest average advertised salary across the country in these industries is $116,108 per annum and the sector has consistently been a top performer topping the annual salary ranking as the highest paying industry for the sixth year running.

Next is consulting and strategy with an average advertised salary of $110,045, followed by construction at $109,325, engineering and $105,810, and information and communication technology at $104,874.

Administration and office support has the lowest average salaries at $58,671, followed by call centres and customer services at $58,942, then retail at $60,704, hospitality and tourism at $61,944 and sport and recreation at $65,900.

‘With recent reports showing confidence slowly returning to the sector, it’s no surprise that mining, resources and energy salaries are managing to maintain the top spot in this year’s annual salary rankings,’ said Kendra Banks, SEEK managing director in Australia.

However, she pointed out that despite this ranking, average advertised salaries are well below the level they were at five years ago, with the sector posting the biggest decline in average advertised salaries over the last five years and many of the major mining roles absent from the list of top salaries.

The industries with the greatest change in average advertised salary over a five year period are education and training with a rise of 19.15%, design and architecture up 15.78% and real estate and property up 13.6%.

But salaries in mining, resources and energy are down by 13.96, down by 6.91% in engineers, down 2.27% in manufacturing, logistics and transport, down 1.77% in construction and down 0.94% in science and technology.

Looking at Australia’s top 20 highest paying jobs over the last five years, there has been a notable shift in the industries that dominate the rankings. In 2013, mining, resources and energy dominated the rankings, offering 13 of the top 20 highest paying jobs. This figure has dropped significantly to just two salaries in the top 20 in 2018.

Today, the information and communication technology (ICT) industry dominates, with salaries from six roles within the industry featuring in the top 20. The highest salaries in 2018 are found in ICT with architects commanding $138,144, followed by engineering managers at $133,927, mining, resources and engineering managers at $131,462 and legal generalists at $128,988

However, the figures also reveal that ICT is performing strongly, growing by 7.3%, with the average salary climbing from $97,700 to $104,800 in five years.

‘What we are seeing is that candidates in information and communication technology are more motivated by salary and compensation than those in any other industry. Other factors that are of importance when considering roles within ICT are work-life balance and career development opportunities. We expect to see salaries for ICT roles continue to strengthen across every sector in the coming years,’ said Banks.

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