This is part one of our two part series on the highest and lowest paying jobs in Canada. In the following article, we’re going to take a look at 10 of the highest paying jobs in the country.
Of course, the figures that we’ll mention can vary significantly depending on employers, as well as the employee’s actual work experience. However, this article is intended as a guide to give you better idea of how much the highest paying jobs in the country earn per year.
According to Statistics Canada, the average Canadian employee makes about $952 per week, which is just shy of $50,000 per year. Most of the jobs on our list earn anywhere between two to three times as much as this. So, as you’ll soon see, the following job positions pay significantly more than the jobs held by average Canadians.
Highest Paying Canadian Jobs
Below, you’ll find a list of 10 of the highest paying jobs in Canada, starting with the highest paying job and then moving down the list. We’ve included 3 figures for each job, which includes both the lower entry level wage and the upper senior level wage, as well as an actual average yearly income for the position.
Obvious to say, it’s not going to be easy being a federal judge. The shear amount of responsibility that falls on your shoulders is enough to scare most people away from the trade.
However, those that are brave enough to take on the job are looking at making anywhere between $308,600 to $396,700, or a yearly average of about $352,650.
Whether it’s cardiology, neurology, pediatrics, or any other form of specialized medicine, specialist physicians take the second spot on our list by earning between $117,000 to $375,000.
On average, specialist physicians make $246,000 per year.
Making a bit less than specialty physicians, family physicians still earn an impressive wage coming in between $58,015 and $310,054 per year. That’s an average of $184,034 per year.
For our next highest paying job, we have dentists, who can earn anywhere between $53,805 and $213,671. On average, it works out that dentists make roughly $133,738 per year.
Essentially, engineering managers supervise other employees, creating schedules and overseeing the general administrative process. They are also responsible for the concept and development of new products, as well as solving any technicalities that are preventing the completion of any current projects.
They earn anywhere between $68,100 to $172,000, or a yearly average of $120,050.
Senior Project Manager in Goods Production, Transportation, Utilities and Construction
The duties of a senior manager include overseeing entire projects or departments and ensuring that the company’s operations remain in good standing. In these 4 areas of industry, senior managers make anywhere between $75,159 and $141,569, or a yearly average of $108,364.
Senior Project Manager in Finance and Communications
Coming in at just slightly below senior managers in other areas of industry, those working in finance or communications make anywhere between $77,805 to $129,629 per year, or an average of about $102,217.
If you’ve ever been involved in a court case of any sort, you know firsthand that lawyers can be extremely expensive to hire. With that being said, Canadian lawyers earn between $48,630 and $146,431, or an average of about $97,530 per year.
Not everyone has the bravado to learn how to fly airplanes. However, those that do have what it takes to get their feet off the ground are looking at making between $35,233 and $146,274, with an average yearly wage of $90,753
Actuaries use statistics, mathematics, and financial theories to analyze financial consequences and risks. Essentially, an actuary’s job is to study uncertain future financial events.
Actuaries earn between $45,820 to $129,740 per year, or about $87,780 on average.
Top Paying Canadian Jobs
Keep in mind that the list above is only meant as a reference guide and the figures mentioned can vary significantly depending on the specific position, as well as the company a person is working for.
For example, while lawyers make an average of about $97,530, this figure can vary drastically depending on the lawyer’s experience, as well as what area of law they are practicing in.
Regardless, by now, you have a good idea of what the highest paying job titles are in Canada. In the next part of our series, we’ll be taking a look at 10 of the lowest paying jobs in the country.