Study Abroad Content Writer at Collegedunia.com | Updated On - May 6, 2024
Highlights:
- Anesthesiologists earn the highest salary in Canada at 391,568 CAD per year
- Healthcare industry has the most payable jobs in Canada
- Cloud Architect, Software Engineering Managers, Data Scientists are few of the best jobs in Canada with high salary
- Industries like, IT & Software Development, Finance, Construction, Natural resources & Energy are among the top 20 highest paying jobs in Canada
- You need a PGWP (Post graduation work permit) to work legally in Canada
The economy of Canada has seen a 102% rise after the COVID 19 pandemic. Hence, the scope of top paying professions in Canada are now at its utmost demand. There are many factors that are helping Canada to be ranked among the best nations for employment opportunities, annual earnings, and career growth for international graduates. These include market needs, immigration admissions, optimistic economic growth and others. Now here comes the question: what are the highest paid occupations in Canada? According to Immigration Canada, the top 5 high paying careers in Canada are
- Medical Anesthesiologist
- Cardiologist
- Surgeon
- Psychiatrist
- Orthodontist
The average annual salary in Canada earned by graduates is CAD 58,000 (36.59 lakhs INR). The top recruiters for high paying jobs in Canada are the University of Toronto, RBC, Microsoft, IBM, and Accenture. International students who have completed their studies in Canada have a very good opportunity to gain valuable work experience through the Post-Graduation Work Permit (PGWP) program. With a PGWP, international students can stay and work in Canada for up to three years after graduation. What are you waiting for? Apply for PGWP and get into the best paying careers in Canada.
Highest Paid Professions in Canada
The Canadian economy is dependent on immigrants and foreign workers to make up for the lack of manpower. Currently there are around 1,51,226 high wage jobs in Canada available. Healthcare is the most popular job sector with the most paid careers in Canada. Anesthesiologists get the highest paid salary in Canada. Then comes Education and IT at second and third place. Following is a list of the highest paid occupations in Canada, with the average annual salaries, according to the Canadian labor market.
High Earning Jobs in Canada | Top Recruiters | Average Annual Base Salary (CAD) | INR Equivalent |
---|---|---|---|
Medical Anesthesiologist | Canadian Medical Placement Agencies | Provincial Medical Associations | 391,568 | 2.4 Cr. |
Cardiologist | University of Toronto | Sickkids | David Jones | 386,757 | 2.4 Cr. |
Surgeon | Shouldice Hospital | FreshCo (Canada) | City of Toronto | 378,634 | 2.3 Cr. |
Psychiatrist | Nova Scotia Health Authority | Vancouver Island Health Authority | Vancouver Coastal Health | Canadian Mental Health Association | Fraser Health | Northern Health | CAMH | 333,976 | 2.1 Cr. |
Orthodontist | The Aurum Group | Henry Schein | 269,126 | 1.6 Cr. |
Controller | Robert Half | AtkinsRéalis | Deloitte | Wood | Worley | Hatch | Magna International | Siemens | Harris Computer | 207,155 | 1.3 Cr. |
Cloud Architect | Microsoft | IBM | Accenture | Tata Consultancy Services | Amazon Web Services | Bell | Oracle | CGI | VMware | SAP | 147,474 | 93.05 lakhs |
Software Engineering Manager | Amazon | Google | Salesforce | Accenture Intel Corporation | IBM | Microsoft | Veeva Systems | RBC (Royal Bank of Canada) | 143,044 | 90.25 lakhs |
Data Scientist | RBC (Royal Bank of Canada) | IBM | Scotiabank | TD | Intact | Capital One | Bell | CIBC | 134,960 | 85.15 lakhs |
Corporate Lawyer | Stikeman Elliot | Bennett Jones LLP | Torys | Goodmans | 109,631 | 69.17 lakhs |
Note: CAD 1= INR 60.99 as of May 4, 2024
Other Highest Paid Occupation in Canada
It is projected that the number of employed people in Canada will continuously increase between 2024 and 2025 by 0.3 million people (+1.47%). After the 5th consecutive increasing year, the number is estimated to reach 20.64 million people. It will be a new peak of employed persons in Canada in 2025. The government of Canada has updated its minimum and maximum payout list for 2024, highlighting good paying jobs in Canada that offer a CAD 40 per hour wage. Here is the list of high wages jobs in Canada with a CAD 40 per hour wage in 2024
Best Paying Careers in Canada | Hourly Wage Range in CAD |
---|---|
Dentist | 40-50 |
Interpreter/Transcriptionist | 40-50 |
Business Analyst | 38-48 |
Software Developer | Up to 60 |
Radiation Therapist | 40 |
Note: CAD 1= INR 60.99 as of May 4, 2024
How to Find Well Paid Careers in Canada
It completely depends on you how you search for well paid careers in Canada. It is recommended to look for job portals, personal networks, recruitment agencies to get one of the best paying jobs in Canada. However, you can refer below to know more about how to get top paying jobs in Canada.
Top Paying Careers in Canada Across Key Industries
The table showcases the top paying careers in Canada for these five key industries such as Information Technology, Healthcare & Medicine, Engineering & Construction, Finance & Banking, and Energy & Natural Resources. Understand the salary bands and the most well paid jobs in Canada that are establishing the standard for payment in 2024.
Industries | High Salary Jobs in Canada | Average Annual Salary |
---|---|---|
Information Technology (IT) & Software Development and Data Science jobs in Canada | Software Architect | 120,000 - 150,000 CAD |
DevOps Engineer | 110,000 - 140,000 CAD | |
Data Scientist | 100,000 - 130,000 CAD | |
Healthcare & Medicine Jobs in Canada | Specialist Physician | 250,000 - 350,000 CAD |
Pharmacist | 100,000 - 120,000 CAD | |
Dentist | 120,000 - 180,000 CAD | |
Construction & Engineering Jobs in Canada |
Petroleum Engineer | 100,000 - 150,000 CAD |
Civil Engineer | 90,000 - 120,000 CAD | |
Electrical Engineer | 80,000 - 110,000 CAD | |
Finance & Banking Jobs in Canada |
Financial Manager | 110,000 - 150,000 CAD |
Investment Manager | 100,000 - 200,000 CAD | |
Actuary | 100,000 - 130,000 CAD | |
Energy & Natural Resources Jobs in Canada | Mining Supervisor/Manager | 90,000 - 130,000 CAD |
Oil and Gas Drilling Supervisor | 100,000 - 150,000 CAD | |
Environmental Consultant | 80,000 - 110,000 CAD |
Note: CAD 1= INR 60.99 as of May 4, 2024
Province-wise Great Paying Jobs in Canada
Canada has ten provinces, catering numerous international students in the top universities in Canada. The table below summarizes the key information about the rising and high income jobs in Canada in the top 5 provinces.
Province | Best Salary Jobs in Canada | Annual Average Salary (CAD) | Minimum wage per hour (CAD) |
---|---|---|---|
British Columbia | Nurses, Information System Analysts & Consultants, Computer Programmers | 66,232 | 16.75 17.40 from June 1, 2024 |
Nova Scotia | Service Sector, Construction Workers, Manufacturing Sector | 56,550 | 15.20 |
Alberta | Elementary Teachers and day-care Educators, Transport Drivers, Construction Workers | 63,369 | 15 |
Ontario | Database Analysts, Software Engineers, Media Developers | 74,237 | 16.55 17.20 from October 1, 2024 |
Quebec | Finance Sector, Engineers, Computer Programmers | 57,506 | 15.75 |
Note: CAD 1= INR 60.99 as of May 4, 2024
Work Permit in Canada
To get a highly paid job in Canada, you need a work permit to work legally in the country. After completing your higher education in Canada, you need to apply for a PGWP to stay back and work in the country. To be eligible for PGWP, your course duration needs to be at least 8 months. If it is within 8 to 2 years, the duration of your PGWP will be equal to the duration of your course. This PGWP works as the passport to land on high paying jobs in Canada. The application details is stated below
- With a valid Canada student visa, you will have 180 days after your graduation to apply for the PGWP Canada
- You must have a degree, diploma, official letter from your academic institution, or an official transcript.
- The PGWP fees are 155 CAD.
- If you are applying for a PGWP from India, the processing time is 21 weeks
- If you are applying for a PGWP from inside Canada, the processing time is 92 days
There are numerous highest demanded jobs in Canada that one can access in 2024, specifically in technology, healthcare, and finance. Developing skills, conducting research, building a network, and being active online are useful to get the best paid professions in Canada.
FAQs
Ques. What jobs will be in demand in 2024 Canada?
Ans. In 2024, the most in-demand jobs in Canada will include roles such as Medical Anesthesiologist, Cardiologist, Surgeon, Psychiatrist, Orthodontist, Controller, Cloud Architect, Software Engineering Manager, Data Scientist, and Corporate Lawyer. The average annual salary earned by graduates ranges from CAD 391,568 (2.4 Cr. INR) to CAD 109,631 (69.17 lakhs INR).
Ques. Which field is best in Canada?
Ans. Technology and healthcare emerge as leading fields, offering numerous high-paying opportunities and growth prospects.
Other fields are:
- Medicine
- Engineering & Construction
- Finance & Banking
- Energy & Natural Resources
Ques. Which job has the highest salary in Canada?
Ans. Medical Anesthesiologist tops the list with an average annual salary of 2.4 Cr. INR, followed by roles like Cardiologist and Surgeon.
Job Title | Average Annual Base Salary (CAD) | INR Equivalent |
---|---|---|
Medical Anesthesiologist | 391,568 | 2.4 Cr. |
Cardiologist | 386,757 | 2.4 Cr. |
Surgeon | 378,634 | 2.3 Cr. |
Ques. Which skill is in demand in Canada?
Ans. Skills in technology, finance, and healthcare are in demand, including expertise in software development, financial management, and specialized medical fields.
Ques. Which cities in Canada offer the most high-paying job opportunities?
Ans. Ontario and British Columbia stand out, with cities like Toronto and Vancouver offering a concentration of high-paying job openings in various sectors.
Province | Top Job Openings | Unemployment Rate |
---|---|---|
British Columbia | Nurses, Information System Analysts & Consultants, Computer Programmers | 5.1% |
Nova Scotia | Service Sector, Construction Workers, Manufacturing Sector | 5.7% |
Alberta | Elementary Teachers and day-care Educators, Transport Drivers, Construction Workers | 7.1% |
Ontario | Database Analysts, Software Engineers, Media Developers | 6.2% |
Quebec | Finance Sector, Engineers, Computer Programmers | 4.0 |
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