Highest Paying Jobs in Canada in 2023
When you are looking for jobs in Canada, you must be sure that the prospective job will provide you with good money and a relative amount of job security. For international students, these criteria are the most important because if you decide to apply for Permanent Residency (PR) in the future, you need to have a strong case that is reflected in the kind of job you hold. Since the population of Canada is sparse in certain areas, the Canadian economy is dependent on immigrants and foreign nationals to make up for the lack of manpower. Healthcare, Education and IT are some of the most popular job sectors in Canada. In this article, we will cover some of the highest paid jobs in Canada. Students must note that their course selection should not be based on the highest paid jobs in Canada only; rather, they must consider other factors that include their interest, University rankings, career prospects in the long term, location, future of a particular sector of the economy, etc.
The Canadian economy has grown to 103% of its pre-pandemic level. In addition, the economic recovery in Canada has been fast and steady, as the country has noted a record-low unemployment rate of 5%. In addition to this, Canada has planned 465,000 Permanent Resident (PR) Admissions by 2023; 485,000 by 2024; and 500,000 by 2025, signalling a positive economic outlook. According to the Immigration, Refugees and Citizenship Canada (IRCC) data for the year 2022, Canada saw 551,405 international students from 184 countries. Out of these, 226,450 students were Indian students, followed by 52,156 Chinese students. An increase in the number of international students, and immigrants, and a positive economic outlook prove that Canada is one of the most sought-after study-abroad destinations that can offer remunerative jobs.
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Popular Jobs in Canada for the Year 2023
1. Registered Nurses
The Canadian healthcare system is called Canadian Medicare. It is a publicly funded healthcare system that is administered and governed by the various Canadian provinces. According to Ca Talent, the average salary of a registered nurse in Canada is CAD 71,752 per year. Demand for Registered Nurses is expected to increase over the next couple of years. Medical professionals are not only in high demand but are also considered one of the best-paying jobs in Canada. This sector has always been popular with Indian students and the healthcare industry is growing faster than other job sectors. One major factor that is driving the demand for registered nurses is the ageing population of Canada. Elderly people usually require more medical attention compared to the younger population. In addition, Registered Nurses are required in every province of the country, so, there are a lot of opportunities in this field.
A cardiologist specializes in the treatment of the cardiovascular system. Canada has a strong and publicly funded healthcare system that offers attractive remuneration. Though becoming a cardiologist requires patience and hard work, it is worth it in the end. According to Ca Indeed, the average salary of a cardiologist in Canada is CAD 280,591. With a change in lifestyle, which is more sedentary in nature, the demand for cardiologists has increased and will continue to increase in the future as well.
3. Management Consultant
In today's increasingly challenging business environment, corporates need to adjust to the circumstances and be productive. Management Consultants are responsible to achieve that goal. Demand for professional and management consulting is going to rise, which will create more job opportunities for Management and Business Consultants. In addition, as the global economy integrates more and more, businesses are expected to increase their international presence. This economic integration is expected to increase the demand for management professionals. Candidates usually acquire a business or management-related degree and gain relevant work experience in a particular domain. A management consultant is not only a high-paying job in Canada but they also have the advantage of working across different sectors. As per Glassdoor, the average salary of a Management Consultant in Canada is nearly CAD 96,457.
4. Software Engineer
Software engineering and designing are going to be one area that is going to be in high demand from all sectors whether IT, retail, banking, etc. Increasing digitization will create the need for more people who can handle this challenging task. In the post-COVID economy, businesses have increased their IT infrastructure exponentially. This is going to increase the demand for IT professionals further. In addition, this is a high-paying job area for professionals. According to Ca Indeed, the average salary of a Software Engineering Manager in Canada is nearly CAD 143,044.
5. Data Scientist
“Data is the new oil” never gets old. Every business, every marketing campaign, every product introduction, and every government initiative is driven by data. However, raw data is not of much use. Data is useful only when it is processed and has been put into a decipherable pattern. That is where the role of a data scientist comes into play. According to Ca Indeed, the average salary of a Data Scientist in Canada is CAD 84,630.
6. Marketing Officer
With stiff competition, companies are always looking for new marketing strategies that might help in increasing their sales. Under such circumstances, it becomes inevitable for companies to hire creative marketing officers. Naturally, the salaries and benefits are high. A Chief Marketing Officer of a company can earn, on average, CAD 105,000 in Canada.
Highest Paying Jobs in Canada
Apart from the above-mentioned jobs, there is going to be a huge demand for Doctors, Dentists, and Miners/Gas Driller. These will be some of the highest-paying jobs in Canada. In addition to this, there is going to be a high demand for the below-mentioned jobs.
- Customer Service Representative
- Industrial Electrician
- Truck Driver
- Aerospace Engineer
- Financial Advisor
- Corporate Controller
- Enterprise Architect
- Marketing Officer
- Automotive Engineer
Real estate, banking, rental, and leasing, manufacturing, mining, quarrying, and oil and gas extraction are some of the biggest sectors of the Canadian economy. Students are advised to build their professional network during the course of their studies, as it will help them find their desired job in Canada.
Top Job Sectors in Canada
The job market in Canada is dynamic and diverse, with a variety of industries providing employment opportunities. The healthcare, technology, financial, and educational industries are some of the most popular job areas in Canada. Here is a closer look at each of these industries and the jobs they provide:
- Medical and Healthcare: The healthcare industry is one of the fastest-growing in Canada due to an ageing population and rising healthcare service demand. Doctors, nurses, medical laboratory technicians, and healthcare administrators are all employed in this field.
- IT & Other Technology: Canada has a thriving technology sector with diverse roles such as software developers, data analysts, IT managers, etc.
- Finance: The banking, insurance, and investment management businesses are all part of the Canadian financial industry. Financial analysts, accountants, investment bankers, and portfolio managers are all employed in this field.
- Education: Canada has a strong educational system, and jobs in this sector include teachers, professors, educational administrators, etc.
- Automobile: The automobile sector offers excellent job opportunities after students complete automobile courses in Canada.
- Others: In addition to this, there are possibilities in fields including manufacturing, retail, and energy. It is important to keep in mind that the work market in Canada might differ by area, with certain towns providing more chances in particular industries than others.
Post Study Work Permit Canada
After completing their degree in Canada, students, who wish to stay back and work in Canada, need to apply for a PGWP Canada (Post-Graduation Work Permit). In order to be eligible for a PGWPP, your course must be at least 8 months in duration. If your course is more than 8 months but less than 2 years, the duration of your PGWPP will be equal to the duration of your course. If your course is for 2 years or more, your PGWPP may be for 3 years. Here are the application details for the post-study work permit Canada:
- You will have 180 days after your graduation to apply for the PGWP Canada. Your Canada student visa must be valid during these 180 days.
- You must have a degree, diploma, official letter from your academic institution, or an official transcript.
- The fee for the PGWP Canada is CAD 255 and the processing time is 148 days for online applications and 25 days for paper-based applications.
The Canadian job market is strong overall with numerous potential career pathways open to job seekers with the necessary qualifications and experience.
For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.
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FAQs for Jobs in Canada
Q. Do you need a work visa to work in Canada?
A. Once you finish your studies (degree) as an international student you can work for a period as per the length of your programme. Maximum you can work for a period of three years. After completing your studies you need to apply for a (PGWP Canada) to work in Canada. Students must note that to be eligible for PGWP Canada, their course must be of at least 8 months in duration. If the course is from 8 months to 2 years, the duration of PGWP will be equal to the duration of the course. If the course is of 2 years or more, the duration of PGWP might be 3 years.
Q. What type of institutions one must have studied to apply for a post-graduate work permit?
A. To apply for a PGWP, one must have studied from a
- Public higher education
- Private higher education institutions (that function on the line of public schools)
- Private institution that offers degrees authorized by the Canadian province
- Private institution that offers qualification programmes of 900 hours or more
Q. Which is a growing job sector in Canada now?
A. Oil and gas drilling sector is one of the fastest-growing sectors in Canada right now. Students can pursue a diploma or other courses related to this field in Canada and look for jobs here. Additionally, healthcare, technology, e-commerce, and various digital occupations are currently some of the growing job sectors in Canada. As the population continues to age and needs more medical care, the healthcare business is anticipated to stay in demand. Canada's technology sector is also booming, with numerous startups and well-established businesses adding jobs in fields like cybersecurity, data analysis, and software engineering. With people increasingly turning to internet buying in recent years, particularly during the Covid-19 pandemic, the e-commerce industry has experienced substantial development.
Q. What is the present job market scenario in Canada?
A. As per the official data, Canada's unemployment rate fell to 5% in April 2023 from a record 13.7% in May 2020. As things are coming back to normal and the country is opening different sectors this is projected to fall further. Apart from this, employers are also planning to re-hire employees who were laid off due to the pandemic. Demand is increasing in fields including healthcare, technology, e-commerce, and numerous digital professions. It is significant to keep in mind that the employment market is continuously changing and that each person's experiences will differ based on their region, industry, and other factors.
Q. What is a good salary in Canada?
A. In Canada, what constitutes a "good salary" depends on a number of variables, including education level, industry, region, and cost of living. For skilled professionals, the typical yearly income in Canada is between CAD 55,000 and CAD 100,000; nevertheless, various sources suggest that any wage above CAD 55,000 might be regarded as a high salary in Canada. When calculating what wage would be regarded as "good" for a certain individual's circumstances, it is crucial to keep in mind that living expenses can vary greatly depending on the area.