Medical Professionals are Australia鈥檚 highest paid, ATO data reveals; check top-paying jobs in the country

Medical Professionals are Australia鈥檚 highest paid, ATO data reveals; check top-paying jobs in the country

TIL CreativesAccording to the 2022-23 ATO data, the top-paying job with the most people was chief executive officers and managing directors.

The Australian Taxation Office (ATO) has released the data on the tax return data of millions of Aussies during financial year 2022-23, giving a glimpse of the massive incomes garnered by some professions. The data has also thrown light upon the highest-paying jobs in the country.The list is led by surgeons who have managed to retain the top spot, earning more than $470,000 per year on average. There are reportedly only 4,247 surgeons in the country, which signifies that they are minting more than six times the average taxable income of $74,240 over the same period.The second position in the ATO list was also bagged by medical professionals, with anesthesiologists who took home $447,193 on average annually. Notably, there are a mere 3,658 workers across the country.In the third spot, following two taken by healthcare professionals, come financial dealers, who were the highest-paid non-medical role. They earned an average of $355,233 a year with a workforce of 5,147 people across the country. Financial dealers carry out financial market transactions on behalf of clients and include stockbrokers.According to the 2022-23 ATO data, the top-paying job with the most people was chief executive officers and managing directors. There were a whopping 231,103 people in this job amassing an average of around $194,987 a year.Live EventsWhat are the highest-paid jobs in Australia?It is pertinent to mention that the list of highest-paying jobs during the financial year 2022-23 remained the same as in previous income years, but notably, incomes have gone up for most professions.List of the top 10 highest-paid jobs and how much their incomes have increased since the previous year’s statisticsSurgeon: $472,475 (up $12,119)Anaesthetists: $447,193 (up $16,000)Financial dealer: $355,233 (down $18,500)Internal medicine specialist: $342,457 (up $1,728)Psychiatrist: $286,146 (up $9,601)Other medical practitioners: $259,802 (up $4,048)Mining engineer: $206,423 (down $7,942)Judicial or other legal professional: $206,408 (up $1,474)Chief executive officer or managing director: $194,987 (down $2,733)Financial investment advisor or manager: $191,986 (up $6,152)According to the latest ATO data, the average Australian income was $74,240 a year. This was up from $72,327 a year. The median income was $55,868 for the 2022-23 income tax. This was up from $53,041 per year from the year prior.(You can now subscribe to our Economic Times WhatsApp channel)

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onhighest paying jobs in Australiatop paying professionsmedical professionals salaries AustraliaAustralian Taxation Office (ATO)surgeon average salary(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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