The Australian Taxation Office recently released statistics on the Highest paying jobs in australia. The statistics are broken down by postcode and suburb. New South Wales and Victoria dominate the list, with Western Australia making it onto the list too. Only one state, Queensland, is absent from the list. Psychiatrists and senior care workers earn AUD 83,000 or more per year.

Psychiatrists are the highest-earning professions in australia

Psychiatrists earn an average gross salary of $324,568 per year, or $156 per hour. This amount is 6% higher than the average gross salary of Australians. The average psychiatrist salary includes a bonus of $13,469, making the median salary for this profession $324,568 per year. A psychiatrist's income increases depending on the level of experience. Entry-level psychiatrists can earn as much as $219,926 per year, or $2,938 per week.

Psychiatrists are medical practitioners who specialize in the diagnosis and treatment of mental and emotional disorders. They may also treat people who suffer from substance abuse problems. These doctors use different tools, such as psychotherapy and electroconvulsive therapy (ECT), to treat their patients. They must be good communicators, have strong analytical skills, and be compassionate.

Getting into psychiatry is a competitive process. Doctors must complete a 5-year fellowship program with the RANZCP before they can practice independently. Specialists must also be in continuous professional development to stay relevant in this field. Because of the high level of competition in this field, many people who are interested in this career should seek advice from a medical recruitment agency.

Solicitors start out with very high salaries

Starting out as a Solicitor in Australia, you can expect to earn a salary that is well above the median for this profession. In Melbourne, a new mid-tier lawyer can expect to make around $65,000 to $80,000 a year. If you work your way up to becoming a partner, you could earn more than $300,000 a year.

While solicitors work primarily from their office, they are legally permitted to appear in court in some cases. However, they usually delegate this responsibility to a barrister. To become a solicitor, you need to complete a Bachelor of Laws (LLB) degree, or, if you already have a Bachelor of Arts degree, complete a Juris Doctor (JD). Both degrees will ensure that you have received a thorough legal education.

The salaries of Solicitors in Australia vary according to their experience and skill level. Typically, a junior lawyer may earn $300 per hour, while a senior lawyer with 5+ years of experience can command around $600 an hour.