Mining, Resources & Energy has been announced as having the highest average wage, however it is also the industry with the most significant decrease in salary.
SEEK, Australia’s number one employment marketplace, announces Australia’s highest paying industries and jobs across the country.
The data which ranks the average advertised salaries across 28 industries, reveals Mining, Resources & Energy as the industry to be the most lucrative for Australian workers. The data shows the highest average advertised salary across the country for this industry is $116,108 per annum. This sector has consistently been a top performer in the salary stakes, topping SEEK’s Annual Salary ranking as the highest paying industry for the sixth year running.
The top 5 paying industries with the highest average advertised salary:
- Mining, Resources & Energy: $116,108
- Consulting & Strategy: $110,045
- Construction: $109,325
- Engineering: $105,810
- Information & Communication Technology: $104,874
The industries with the lowest average advertise salaries:
- Sport & Recreation: $65,900
- Hospitality & Tourism: $61,944
- Retail & Consumer Products: $60,704
- Call Centre & Customer Service: $58,942
- Administration & Office Support: $58,671
Kendra Banks, Managing Director of SEEK ANZ said; “With recent reports showing confidence slowly returning to the sector, it’s no surprise that Mining, Resources & Energy salaries are managing to maintain the top spot in this year’s SEEK Annual Salary rankings. Despite this ranking, average advertised salaries are well below the level they were at five years ago, with the sector posting the biggest decline in average advertised salaries over the last five years and many of the major mining roles absent from the list of top salaries.”
The industries with the greatest change in average advertised salary over a five year period are:
Most significant increase in salary:
- Education & Training: 19.15%
- Community Services & Development: 16.06%
- Design & Architecture: 15.78%
- Administration & Office Support: 13.64%
- Real Estate & Property: 13.60 %
Most significant decrease in salary:
- Mining, Resources & Energy: -13.96%
- Engineering: -6.91%
- Manufacturing, Transport & Logistics: -2.27%
- Construction: -1.77%
- Science & Technology -0.94%
Looking at Australia’s top 20 highest paying jobs over the last five years, there has been a notable shift in the industries that dominate the rankings.
In 2013, Mining, Resources & Energy dominated the rankings, offering 13 of the top 20 highest paying jobs. This figure has dropped significantly to just two salaries in the top 20 in 2018. Today, the Information & Communication Technology (ICT) industry dominates, with salaries from six roles within the industry featuring in the top 20.
The top five highest salaries in 2018 are as follows:
- Information & Communication Technology – Architects: $138,144
- Engineering – Management: $133,927
- Information & Communication Technology Management: $132,307
- Mining, Resources & Energy – Management: $131,462
- Legal – Generalists, In-house: $128,988