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In recent years, Canada has undoubtedly emerged as one of the most popular destinations for immigrants. The benefits of Canadian immigration policies are one of the key drivers to people choosing Canada as their preferred immigration destination. In addition, immigrants are attracted by Canada’s high standard of living, medical benefits, safety and security, stunning geographical locations, and great employment opportunities.
This article will help you explore the various career opportunities and highest paying jobs in Canada.
Career Prospects in Canada
Career prospects in Canada offer great earning opportunities over the next five to ten years, as employers are facing skill shortages. According to Statistics Canada, the number of available job openings throughout Canada reached a record high of 912,600 in the third quarter of 2021. According to Ted Mallett, CFIB’s vice president and chief economist, “businesses will likely respond to these trends by investing more in the capital than labor, along with redistributing wages to key roles in the company.” The table below shows the vacancy rates by provinces in Canada.
Quebec – 4.10%
British Columbia – 3.70%
Ontario – 3.30%
New Brunswick – 2.70%
Manitoba – 2.60%
Nova Scotia – 2.60%
Alberta – 2.60%
Saskatchewan – 2.00%
Prince Edward Island – 1.50%
Newfoundland & Labrador – 1.30%
These are just a few of the best-paying jobs in Canada for 2023. We can find top-paying jobs in almost any sector, and what you can earn depends on factors such as your experience, preferences and whether you’re willing to relocate.
So, if you’re looking for a new job or just want to know if there’s a chance to make more money, read on to learn about some of the best jobs in 2023, listed in no particular order.
Orthopedic Surgeon
In Canada, an orthopedic surgeon earns an average of $250,000 per year. However, wages vary nationally and some earn significantly more than others.
Orthopedic surgeons are among Canada’s highest-paid workers because of their expertise in diagnosing and treating conditions affecting the muscles, bones, and joints. They may also work in private practices, in addition to hospitals and clinics. Because they are passionate about assisting people to regain mobility and lead active lives with improved bones, muscles, and joints, many orthopedic surgeons choose this profession.
A bachelor’s degree, four years of medical school, and five years of orthopedic surgery residency training are required to become an orthopedic surgeon. A second or two years of schooling may be required for some orthopedic surgeons to become more specialized. After graduating from high school, many orthopedic surgeons complete 14 years of education and training.
In the coming years, there will likely be a high demand for orthopedic surgeons due to an aging population and an increase in sports participation.
General Physician
In Canada, the average salary for a general physician is $216,864, with salaries exceeding $700,000. When it comes to medical students in Canada, general practice is a highly sought-after specialty, and there is a strong demand for GPs in most of the country.
A general physician, also known as a GP or family doctor, is a type of doctor who gives their patients primary care. They enjoy working directly with people to improve their health and are typically approachable.
A general physician must complete a three-year residency program, four years of medical school, and four years of undergraduate study. Pediatrics, geriatrics, or sports medicine are some of the specialties of some physicians. A lot of family doctors also earn a Master’s or Ph.D
Dentist
A dentist is a physician who focuses on oral health for their patients. After passing national and provincial exams, dentists must complete four years of undergraduate study and four or five years of dental school.
Periodontics, endodontics, and oral surgery are examples of specialties practiced by some dentists. Dentistry is a popular career choice for people who enjoy working with their hands and have manual dexterity.
In Canada, the starting salary for a dentist is almost $174,000 on average. In some parts of Canada, the highest possible salary for a dentist is over $400,000. Regarding prospects for employment, a shortage of dentists’ labor is anticipated to occur between 2019 and 2028, indicating that job seekers will outnumber job openings over the next ten years.
Senior Software Engineers
The average annual salary for a senior software engineering manager is over $162,000. Job prospects for senior managers of software engineers in Canada are good, with an increasing number of openings.
Senior software engineering managers are responsible for leading a team of software engineers and overseeing software applications’ development, implementation, and maintenance. Daily, they might be involved in tasks such as planning project timelines, writing code, and troubleshooting software issues.
To advance to a management position, a senior manager of software engineers must have a Bachelor’s degree in computer science, software engineering, or a related field and several years of software engineering experience.
Financial Analyst
The average salary for financial analysts has increased over the past few years, making them one of the highest-paying positions. The average salary for a financial analyst is between $80,000 and $120,000.
Financial analysts with years of experience help businesses succeed by spotting patterns in financial data and assisting senior management in making good decisions. A financial analyst is necessary for a finance function that is more strategic and analytical because it requires more frequent and direct contributions from other departments. As a result, there is a high demand for candidates for financial analyst positions in numerous sectors.
Radiologists
With an average annual salary of $325,000, Canadian radiologists are among the highest-paid workers in the country. Radiologists are doctors who specialize in using medical imaging, such as X-rays, MRIs, and CT scans, to diagnose and treat diseases.
They often work in hospitals or clinics but may also work in private practices. Many people who take this career path are interested in science and technology and want to use these tools to help others.
A bachelor’s degree, four years of medical school, and a five-year radiology residency program are all required to become a radiologist.
Some radiologists may choose to further specialize by completing a fellowship in a particular area of radiology, such as breast imaging or cardiovascular radiology, for an additional one to two years.
There is currently a shortage of radiologists in Canada, which is expected to continue into the next decade. As a result, the demand for radiologists is high, and wages are expected to remain high.
Anesthesiologist
In Canada, the average salary for an anesthesiologist is $356,000, with a median salary of $281,182. Anesthesiologists typically receive salaries in excess of $500,000.
In Canada, there is a strong demand for anesthesiologists. Over the next ten years, there are expected to be more job openings than applicants.
Anesthesiologists, another on the list, are in charge of administering medications that maintain or induce anesthesia during surgery. An anesthesiologist must complete a Bachelor’s degree, four years of medical school, a four-year anesthesia residency program, pass a specialty certification exam, and be licensed by the appropriate province or territory in addition to completing medical school.
Psychiatrist
In Canada, the average salary for a psychiatrist is closer to $300,000, while the median salary is $281,182. Psychiatrists earn more than $600,000 per year in some parts of Canada.
Between 2019 and 2028, there will be a shortage of workers in psychiatry, which means that psychiatrists will be in high demand.
Doctors who specialize in diagnosing and treating mental disorders are called psychiatrists. A psychiatrist must complete four years of medical school and five years of psychiatric residency training after earning a bachelor’s degree.
A psychiatrist may spend two or three years completing a fellowship in a specific field of psychiatry, such as child and adolescent psychiatry or geriatric psychiatry, to further specialize. People who enjoy working with people and want to assist others in a medical capacity are ideal candidates for this career.
Cardiologist
As highly sought-after specialists, cardiologists frequently earn salaries at the upper end of the medical field. In Canada, a cardiologist earns an average salary of $269,967. Over $700,000 is the highest possible salary for cardiologists.
A cardiologist is a doctor who looks for, treats, and prevents heart and blood vessel diseases. Four years of undergraduate study and four years of medical school are required to become a cardiologist. After that, they must complete four years of internal medicine training and three years of adult cardiology training that has been approved by the Royal College to earn certification from the Royal College.
Over the next ten years, the number of job seekers is expected to exceed the number of open positions in cardiology, a well-known specialty among medical residents. The need for cardiologists is expected to rise as the population ages and the number of people with heart conditions rises.
Cyber security engineer
In Canada, a cyber security engineer earns $135,000 on average.
Because cyber security is a real issue, there is a lot of demand for cyber security engineers in Canada, with some earning over $148,883 per year. The goal of cyber security engineers is to safeguard devices, networks, and services from malicious digital attacks through a variety of security-related tasks. Because you often have to work under a lot of pressure, the job can be very hard.
In the country, the majority of cyber security engineers are young, and some businesses are now even accepting applications from candidates who do not have a college degree. To get the highest-paying job in Canada, all you need are skills, certifications, and previous work experience. Nevertheless, a college degree may be advantageous.
Lawyer
The median salary for a lawyer in Canada is $116,000. However, salaries for lawyers in Canada vary greatly, with some lawyers earning hundreds of thousands more each year: the average sits at just over $120,000. Job prospects for lawyers across Canada tend to be good, with certain areas being better than others. For example, prospects in Alberta and British Columbia are greater than in Ontario, where the market is more competitive.
A lawyer is a professional that provides legal advice and represents clients in court. To become a lawyer in Canada, one must complete four years of undergraduate study, three years of law school, and be called to the bar in their province or territory.
Lawyers can specialize in several different areas, including corporate law, criminal law, family law, tax law, and more. They can also work in private practice, for the government, or a corporation.
Electrical engineer
Electrical engineers make up to $115,000 on average with between five and ten years of experience. Starting out, these positions often pay between $80,000 and $100,000, though you’ll find higher average pay in locations such as Calgary, Ontario and British Columbia. Electrical engineers that work in energy and manufacturing tend to enjoy the most competitive pay.
These roles are compensated at such high rates due to the education and experience required and supply and demand factors. A general STEM skills shortage in Canada often drives higher compensation for technical jobs.
Pharmacist
The average base salary for a pharmacist in Canada is $94,224. The high end of the salary range is over $200,000. Currently, there is a surplus of pharmacists in Canada, so job prospects are not as good as they are for some other professions. However, the aging population is expected to drive up demand for pharmacy services, so the job market could improve over the next ten years.
Another medical professional with a high-paying salary is a pharmacist. They are responsible for dispensing medications to patients, offering advice on the proper use of those medications, and monitoring patients’ reactions to the medications.
Pharmacists must complete a minimum of 2 years of undergraduate study followed by four years of pharmacy school. In Canada, they must also pass a national exam and obtain a license from the province or territory in which they wish to practice.
Solution Architect
Solutions architects’ salaries will range from $84,000 to $130,000. They’ll find that the top-paying provinces are Alberta, Ontario, and British Columbia. Salary ranges can vary significantly depending on various crucial aspects, including schooling, credentials, supplementary talents, and the length of time you’ve worked in the field.
As companies expand their information technology networks, the demand for solutions architects is increasing, and the job is more in demand.
Full Stack Developer
The average full-stack developer salary in Canada is around $85,000 annually. Full-stack developers in an entry-level position usually start at $75,000 per year, while most experienced full-stack developers can make upwards of $130,000 per year.
There’s never been such a high demand for full-stack developers, and that demand will only keep rising. It’s safe to say there’s never been a better time to pursue a career as a full-stack developer.
