Surgeons took the crown as the highest paying job in Australia, with other medical, finance, legal and mining jobs also making the list.
The ATO has revealed the highest paying jobs in Australia, with medical professionals dominating the list once again.·Source: Getty
TheAustralian Taxation Office (ATO)has revealed the highest paying jobs across the country, with the top role bringing in nearly $520,000 a year. The list is based on thetax return dataof millions of Aussies and gives a comprehensive insight into how much people are earning.
Surgeons were once again named thetop earners in Australia, making an average of $519,998 a year. This was up nearly $47,500 from the previous year and accounts for 4,280 workers in the country.
For context, this means surgeons are earning more than six times the average taxable income of $78,127 over the same period.
Medical professionals once againdominated the list, making up half of the top 10 roles. Anaesthetists took second place with average earnings of $475,455 and internal medicine specialists were in third at $362,120.
Financial dealers were the highest paid non-medical role, earning an average of $347,375 based on the salaries of 5,148 individuals.
The more nebulous roles of CEOs and managing directors were the most common profession to crack the top 10, with 237,168 people in the role earning an average of $200,418 a year.
What are the highest paid jobs in Australia?
TheATO data, which was released today, is based on the tax returns from the 2023-24 financial year.
The top 10 occupations have remained the same over the years, but incomes have gone up for most professions and some jobs have switched places in the list.
Here is the full list of roles and how much their incomes have changed since the previous year.
Surgeon$519,998(up $47,523)
Anaesthetists$475,455(up $28,262)
Internal medicine specialist$362,120(up $19,663)
Financial dealer$347,375(down $7,858)
Psychiatrist$305,282(up $19,136)
Other medical practitioners$277,728(up $17,926)
Judicial or other legal professional$217,127(up $10,719)
Mining engineer$216,080(up $9,657)
Financial investment advisor or manager$202,840(up $10,854)
Chief executive officer or managing director $200,418(up $5,431)
How much does the average Aussie earn?
The ATO data also revealed the average Aussie income was $78,127 a year, which was up from the previous year's average of $74,240.
The median income was lower at $58,739 a year, but also up from the previous year's median of $55,868.
Superannuation balanceshave also increased, with the average balance at $182,781, up from $172,834 the year prior. The median balance was $63,339, up from $60,037.
The ABS releases more up-to-date data on average weekly earnings for full-time adult workers. Itslatest datashowed average earnings were $2,051.10 in November, or $106,657.20 a year.
