What university degrees are the most valuable on the Canadian labour market? Psychologists, anesthesiologists, accountants — among many others — can earn a lot of money in Canada.
There are many things to consider before deciding on a future profession. One of the most important considerations is how much the employer is willing to pay. Here is the list of the highest paying jobs in Canada today.
1. Nurses
Annual salary: from C$38K to C$115K
For several years now, nursing has been included in the list of the most in-demand occupations in Canada. To become a nurse, you need a bachelor’s degree and registration with the regulatory authority in your province or territory.
2. Software Engineers
Annual salary: from C$48K to C$153K
Software engineers are extremely sought-after as all kinds of software apps are constantly growing in popularity. To become a software engineer, you need to get a computer science degree, a computer engineering degree or a software engineer degree.
3. Business Administrators
Annual salary: from C$27K to C$134K
If you have a degree in Business Administration, your salary will vary significantly depending on the position. Holders of Business Administration degrees are all making decent money, whether account managers (from C$57K to C$101K annually) or business analytics (from C$27K to C$134K).
4. Anesthesiologists
Annual salary: from C$109K to C$580K
To become an anesthesiologist, you need to get a bachelor’s degree, graduate from a medical school followed by a minimum of 5 years of additional training. It sounds exhausting, but the payoff may be quite high.
5. Accountants
Annual salary: from C$42K to C$103K
To become an accountant you should get a bachelor’s degree (ideally in accounting), and then pass the CPA Prerequisite Education Program. Once you do it, you can hope for a more than decent money.
6. Engineers
Annual salary: from C$58K to C$122K
Engineers who progressed up the career ladder to become project managers can hope to earn money at the top of the range. To get an engineering job, you are not required to be specialized in a specific engineering branch, however, you will have an advantage if you obtained a master’s degree in engineering management.
7. Aerospace Engineers
Annual salary: from C$49K to C$110K
Aerospace engineers can earn pots of money. Actually, this is one of the highest-paying jobs for generation Z (people born between the mid-1990s and mid-2000s).
8. Pharmacists
Annual salary: from C$44K to C$142K
Pharmacists get a salary comparable to that of doctors but spend much less time studying. To become a pharmacist, you need to get a corresponding degree and to pass the Pharmacy Examining Board of Canada’s exam and register with the regulatory authority in your province or territory.
9. Recruiters
Annual salary: from C$20K to C$214K
If you study Human Relations (HR), you can expect employment by a large company and get an average annual wage of around C$83K as a recruiter. You can further increase your income by becoming a registered professional recruiter and a member of the Association of Professional Recruiters of Canada (APRC).
10. Psychologists
Annual salary: from C$64.5K to C$160K
Psychology-related occupations are in high demand in Canada, and the labour market has enough job openings to accommodate psychology graduates. To become a licensed psychologist, you need to get a bachelor’s degree in psychology and a master’s or a doctorate degree in the field.
Industrial electricians, welders, aircraft pilots, veterinarians, opticians, and construction estimators also earn good money in Canada.
We hope that this list will help to choose your future profession or find out how much you can earn in Canada. And if you regret your career decision, it is never too late to return to the school and change your major. In addition, you can increase the chances of getting permanent residency if you completed a degree or diploma in Canada.