Top 10 Highest Paid Professions 2021 – Canada
Posted on January 5, 2021
If you are planning to move to Canada for an overseas career in 2021, then you must be aware of the top highest paying jobs in Canada to decide if it really worth moving to the country. The top industries in Canada are mining, transportation and foreign trade. Most of the job opportunities here are in the services sector while there are significant number of job opportunities in the manufacturing, construction and agricultural sectors.
Here is a list of the top ten highest paid professions in Canada
Canada has one of the best healthcare services in the world. However, the number of doctors per capita of the population is lower compared to countries like Austria or Norway.
Canada ranked 24th out of 30 nations, with 2.8 doctors per 1000 residents, according to the Organization for Economic Co-operation and Development (OECD). Therefore, a large number of positions for physicians are vacant in the country.
According to Jobs Bank, the employment growth rate of general practitioners and family physicians in Canada is expected to be the second highest in the country.
In order to qualify for the job, you must have completed a medical degree and the subsequent 5-year residency program. The average salary for a surgeon is 340,000 CAD per year.
One of Canada’s most prestigious and well paid professions is that of a dentist. According to Jobs Bank of Canada, there will be about 12,200 new jobs for dentist till 2028 while only 7,000 new job seekers enter the market every year. This discrepancy in demand and supply presents a huge opportunity for the international job seekers.
The average salary for this profession is 293,000 CAD per year.
3. Petroleum engineer
Petroleum engineers perform studies for the discovery, production and exploitation of oil and gas deposits; and are involved in the planning, design, development and supervision of projects related to oil wells.
For this job a bachelor’s degree in petroleum engineering or in a related area of engineering is required.
The average salary for this profession is 208,000 CAD per year.
The treatment of mental illness is done by a psychiatrist. In this profession, 48,500 individuals were working in 2018. From 2019 -28, this is predicted to rise by 32,500.
After graduation, students are expected to pass an examination at the Royal College of Physicians and Surgeons to practice as a psychiatrist in Canada.
The average salary for this profession is between 250-290,000 CAD per year.
5. IT manager
An IT Manager’s duty is to build strategies for information technology, research solutions and staff management. The pay is smaller compared to that of physicians and dentists, but it is also relatively easier to become an IT Manager in Canada. It requires only a bachelor’s or master’s degree in computer science, IT or related fields.
IT managers earn about 200-203,000 CAD per year.
6. Marketing manager
The responsibility for sustaining and improving the brand image of products/services rests with marketing managers. To promote brand awareness, they formulate promotions and tactics. An MBA preferably from a Canadian university is required for this job.
A marketing manager earns between 190-195,000 CAD in a year.
Pilots are required in Canada for commercial flights, security services or government-owned aviation services, pilots may be charged with ensuring secure air travel. This industry has a stable job market, according to Jobs Bank Canada, with the total number of jobs generated being equal to the number of new pilots entering the sector.
They are paid an average of 195,000 CAD per year.
Lawyers or attorneys give legal counsel to clients. According to Jobs Bank Canada, over 106,000 people were working in this occupation in the year 2018. Detailed research found that between 2019 and 2028, 46,000 new positions will be created for judges, lawyers and Quebec notaries.
The qualification required is an LLB or LLM degree. The average annual salary is between 190,000 to 192,000 CAD per year.
9. Sales manager
Sales managers are hired by stores and other retail businesses, wholesale businesses, rental service establishments and businesses involved in telemarketing.
They outline and prepare the tactics and methods for improving a company or organization’s revenue.
One must have a Bachelor’s or Master’s degree in business administration to become a sales manager.
The average salary of sales managers is between 180,000 to 187,000 CAD per year.
10. Business Operations manager
The Business Operations manager manages business operations, budget problems, contracts, etc. They lead and oversee different activities in the company and report directly to the CEO.
For this job, you will need a degree in business management and some years of work experience.
The average salary for this profession is between 160,000 to 170,000 CAD per annum.