One question experts recommend you wait to ask until you’re further along in the job interview process is, “What does this job pay?” Though high-paying jobs are at the top of many people’s lists when finding a job, searching for a new position or career, jobs that pay well are not important to all job seekers.
The major you choose, will help position you to work in one of the best-paying jobs in Canada once you graduate with a comfortable salary you can earn straight out of college from British Columbia to Newfoundland and Labrador. College students are carefully considering the income potential of their study, given the rising cost of higher education.
This recent article by Alison Doyle highlights the factors to consider when you’re matching your interests to career options in the job market today. There are numbers of best paying majors, job responsibilities that are fit for your interests and mental health, work environment and whether the long-term job outlook is promising for fresh graduates and permanent residents. Many of best-paid jobs require additional education and training so you may want to consider taking a short course or an advanced diploma program to achieve your career path goals and strategic positions such as director and vice president.
The Bureau of Labor Statistics (BLS) can help current and prospective college students to gain insight into the income and job potential of various popular options. Many of the skilled trades are technology-related, but there are other fields that pay graduates well, including health, communications, sales, finance, and entry-level management..
Top 20 Highest-Paying Jobs for Graduates
We compiled the 20 highest-paying jobs for college graduates who attended a degree program without years of experience or those with average pay. The chart and list below show the median income, projected job growth, and a brief description with job requirements. Based on the labour market report, the median salary or average salary for all occupations is $38,640, and the projected job growth for all occupations during the decade ending in 2026 is 7%. This has appealed many more people abroad to immigrate to and work in Canada as well. Statistics Canada lists jobs with highest salary in Canada as well as the hourly-pay table by management level for all occupations that may indicate the high in-demand jobs as well as the highest paid occupations in Canada. This has lured many more people to immigrate to Canada using Express Entry program, while obtaining a work permit after a study path also often works. If a good salary is important to add to your work experience and you need to get out of your survival job in a warehouse or being a truck driver, check out our list of the best paying jobs to keep an eye on the next job openings or opportunities from a human resources manager. Let’s see the list of the highest paying jobs in Canada below.
- Software developers are the creative minds behind computer programs. Some develop applications that allow people to perform specific tasks on a computer or another device. Others develop the underlying systems that run the devices or control networks. A role in software engineering is one of the good paying jobs in Canada.
- Electrical engineers design, develop, test, and supervise the manufacturing of electrical equipment, such as electric motors, radar and navigation systems, electrical systems, communications systems, and power generation equipment. Electronics engineers design and develop electronic equipment, including broadcast and communications systems, like portable music players and global positioning system (GPS) devices.
- Computer systems analysts study organizations’ current computer systems, computer science, and procedures and design solutions to help operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both.
- Industrial engineers and industrial electricians find ways to eliminate wastefulness in production processes. As paid trades, they devise efficient systems that integrate workers, machines, materials, piping systems, information, and energy to make a product or provide a service.
- Mechanical engineers design, develop, build, and test mechanical and thermal sensors and devices, including tools, engines, and machines. Being one of the best trade jobs, petroleum engineers, mechanical engineers and engineering managers design power-producing machines—such as electric generators, internal combustion engines, oil and gas, and steam and gas turbines with heavy duty equipment or construction projects—as well as power-using machines, such as refrigeration and air-conditioning systems.
- Civil engineers conceive, design, build, supervise, operate, construct, and maintain and repair infrastructure projects and systems in the public and private sector, including roads, buildings, airports, maintenance and repairs, tunnels, dams, bridges, and systems for water supply and sewage treatment, industrial mechanics, making the role as one of the skills trades jobs with highest paying trades in Canada.
- Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, financial reporting, and other types of investments. They work for banks, pension funds, mutual funds, securities firms, insurance companies, and other businesses. Financial analysts and financial planning ranked as one of the top paying jobs in Canada.
- Management analysts or consultants propose ways to improve organizational efficiency. They advise managers on how to make organizations more profitable by reducing costs and increasing revenues. Managers are responsible for leading the team to achieve the goals. Organizations hire consultants to develop strategies for entering today’s marketplace and staying competitive within it.
- Network and computer systems administrators organize, install, and support organizations’ computer systems, including local area networks (LANs), wide area networks (WANs), diagnose and treat cyber threats, network segments, intranets, and other data communication systems. Administrators manage servers and desktop and mobile equipment. They ensure that email and data storage networks work properly.
- Sales managers and marketing managers for technical and scientific products sell goods for wholesalers or manufacturers to day-to-day businesses, government agencies, and other organizations. It’s one of the highest-paying business jobs as well as manager jobs. They contact customers, explain and promote the features of the products they are selling, negotiate prices, and answer any questions that their customers may have about the products.
- Chemists study substances at the atomic and molecular levels and analyze the ways in which the substances interact with one another. They use their knowledge to develop new and improved products, and to test the quality of manufactured goods.
- Logisticians analyze and coordinate supply chain of an organization, the systems that move products from supplier to consumer. They manage the entire life cycle of a product, which includes the acquisition, operations manager, allocation, and delivery of a product.
- Registered nurses provide and coordinate patient care, educate patients and the public about various health conditions, and provide advice and emotional support to patients and their family members.
- Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently.
- Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses. The work of a loan officer has sizable customer service and sales components. Loan officers often answer questions and guide customers through the application process.
- Securities, commodities, and financial services salespersons connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.
- Marketing research analysts study market conditions to examine the sales potential of products or services. They help companies understand what products people want, who will buy them, and at what price. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.
- Human resources specialists recruit, screen, interview, and place workers. They often handle other human resources work, such as those related to employee relations, compensation, benefits, and training.
- Public relations specialists create and maintain a favorable public image for the organizations they represent. They craft media releases and develop social media programs and project manager to shape public perception of their organizations, and to increase awareness of their work and goals.
- Elementary, middle school and high school teachers prepare lessons, present educational material to students, evaluate students’ progress, manage classroom behavior, and communicate with parents about student problems and progress.
Do your skills and passion match any of the highest paying careers above? Contact our team today to discuss how to reach your career goals.
Source: Job descriptions, salary, and job outlook information courtesy of the Bureau of Labor Statistics