Highest Paying Jobs in Canada
Aside from the highest paid professions in the business world, there are also some high-demand professions in Canada. Among these professionals are CFOs, Orthodontists, Construction managers, and IOT specialists. In this article, you will learn the highest-paid professions in each of these fields. Keep reading for more information! Listed below are some of the top-paying jobs in Canada.
IOT specialists earn between $236K and $676K per year:
Considering a career as an IOT specialist? The demand for such professionals is high. The average annual salary for this professional ranges between $236K and $676K. You'll have plenty of job opportunities as the demand for IOT specialists is high. In fact, this field is growing at a fast pace. It is a good time to become an IOT specialist as the salary potential is huge.
CFOs are the highest-paid professionals in the business world:
The role of the CFO has expanded in the business world, from managing a company's finances to helping it plan for growth. This position has increased in importance as companies grow into more global, strategic companies. Burke has experience taking firms public and private, and has led Toronto-based Renee's Gourmet Foods through a rough patch before its sale to Heinz Canada in 2006.
The role of a CFO requires a broad range of skills, including strategic planning, financial analysis, and risk management. Many chief financial officers receive most of their compensation in stock options, bonuses, and other variable compensation. They have a strategic vision and work closely with senior managers in the organization. This broad range of skills is crucial to becoming a successful CFO. As a result, CFOs are among the highest-paid professionals in the business world in Canada.
Orthodontists are the highest-paid professionals in the medical field:
As one of the highest-paid health professionals in Canada, becoming an orthodontist is an excellent career choice for individuals who enjoy working with their hands. Besides being known for their high stamina, orthodontics also requires rigorous training. While there is no recommended undergraduate major in dentistry, dental schools usually require prerequisite courses in chemistry and biology. Students interested in becoming an orthodontist may consider joining a predental society during undergraduate.
This occupation is in high demand in middle-to-high-income communities. According to the US Bureau of Labor Statistics, orthodontists earn around US$208,000 per year. However, earnings vary according to location and number of patients. This occupation has high salaries, with a range of salary packages, ranging from $176,000 to $287,550 per year.
Construction managers are high-demand jobs in Canada:
A construction manager is responsible for the overall management of a construction project, and their daily duties often involve working with a team. They must be good at delegating tasks to employees while avoiding micromanagement and setting realistic deadlines. The job also requires an excellent understanding of construction projects and the legalities involved in them. Hence, a construction manager with good communication skills will have an edge over their peers.
The job outlook for construction managers is generally good. There are more openings than job seekers. As a result, it is possible to plan your immigration and settlement to Canada accordingly. Furthermore, it offers an excellent career path to advancement. As per the National Occupational Outlook Center, the number of construction managers is expected to grow by 11 percent by 2026, or by one-third from the current level. Meanwhile, the number of openings for construction managers is estimated to reach 38,900 by 2030.
Psychiatrists are among the lowest-paid medical professionals:
Psychiatrists make over $250,000 per year, a salary that is almost four times that of the average worker in the state. According to the BLS, job openings for psychiatrists in Washington will increase by 23% through 2026. Those living in Seattle-Tacoma earn the highest wages at $285,030 per year. In Indiana, psychiatrist salaries average $243,630 a year and job openings are projected to grow by nearly 17% between 2016 and 2026.
Psychiatrists undergo a similar education as medical doctors, though they spend more time with their patients. Psychiatrists also face prejudice and bias from other medical professionals. Many insurance plans place unreasonable limits on psychiatric care. Furthermore, patients with psychiatric illnesses face a stigma that these conditions are not true medical issues and are therefore a sign of weakness on the part of the sufferer.
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