I know it's a naive question. I really am wondering what are these jobs? I've been living in Melourne for less than a year. Economic distribution of wealth is quite fair here in Australia. So, most of the people earn the same as others, but there are rich people. I just want to know, what kind of sector or jobs you can earn that much?
Jobs Where You Can Make over 100K a Year?
LAdiOZ on 11/10/2017 - 19:32
Poll Options
- 60Money doesn't represent life
- 98I wanna know
- 319Yeah.. I earn around 100K
Comments
You live in Melbourne.
Just remember that and put some value in that statement.
I "lived" in Melbourne but spent some 300+ days in a hotel one year working in the sector I do now.
I am also thinking about moving for an increase in salary which will be cancelled out by increased living expenses of renting an additional place in shitney.
I am doing this and increasing what I earn because I want family security and for my partner to not work if they do not want to, and so that I have job security overseas if and when another downturn occurs.
I think you need to think about the rich people and see that most if not all of them have made massive sacrifices in getting to where they are. Through study, hard graft, or shoulder to the wheel experience of goingutahd chasingwhat qualifications are required for the career bump and progression to where you want to be.
Again, most want to have the balance of family etc.
I want that on but my security and mindset is wired differently to that of others I mcompanyand I would suggest here.
I don't think you're hungry enough or old enough yet touderstand that you red to put in he time and effort…but the god news is yo are much more advanced that 8% of people as you are asking the question.
Best of luck
And even 100k is not that much.
Full time childcare for one child before benefit last year was in the order of 22k.
Call it 15 after tax paid. Jesus. Open a childcare centre and pay your workers minimum wage. Those places print money
+1 for the open a childcare centre, they seem to be giving away teaching degrees too (study-free not fee-free), I have proofed the work of someone who passed their early childhood educator exams and it is kind of scary that they did pass.
Garbage, the op margin on childcare centres is very low. Go read some of the financial reports of the publicly listed childcare operators. Only way you'll make good money is scale. By the time you corporatize the business it is hardly a place you'd want to send your own kid anyway.
What would you say abt dodgy degree-sellings shops that produce childcare educators by selling Cert IV and even Diplomas?
Even economies of scale is limited with child care centres - main costs are labour, rent, centre-specific costs.
There isn't really any "economies" as such, maybe a bit with management systems and the like. I was talking from a raw operating profit point of view. ie. if you are only going to make ~3% margin on your business you better open 20 of them if you want to buy a house in a good suburb! ;)
ALDI are advertising for Area Managers at the moment and the salary range is 99-150k (includes super) and you also get a company car.
http://www.aldicareers.com.au/Search-results?nodeid=15&roles…
Thanks, everyone can become Area Managers for Aldi and earn $150k
Government job
PoliceStock trading: after 2-4 years of experience easily 100K+ per successful trade ~ 500k per year and income rises exponentially
A better questions is in what jobs can you earn $200k.
IT
for the top 10-15%
most IT people dont … big fallacyreally all of my friends in IT earn much more than that.
yes doing what ?
most tech jobs are helpdesk / tech support / sales support which are all sub-100k.
even IT managers in SME dont get 100K.
if you specialize in IT or a contractor, yeah sure but most contractors dont work fulltime either and when you charge 150+/hr its not hard to rack up 100K turn over.
@BiotBargin: the thing is, though, that help desk and such should be able to crack 100k during their career by advancing into different roles, using experience from help desk.
While those large number of roles are under 100k, there's nothing stopping them from hopping around and earning more.
Not many people make a career out of doing help desk kind of work.. Some do, and usually become supervisor or manager roles, and end up making decent enough money for what it is anyway.
@brezzo:
yes but then they are no longer helpdesk and tech support guys because they had advanced themselves.the topic is jobs that earn 100K a year, not jobs that can lead to earning 100K a year - that can be any job if you get lucky :)
@BiotBargin: To be fair, the original guy said "IT" which is broad enough to include plenty of jobs that earn over 100k+
the money is usually in the creative part of IT. Solution architects or CX designer etc.
IT sales you fool. No one that does the stuff gets paid.
Lol there is no option of "I earn significantly more than 100k". OP, no disrespect but you need to think beyond.
I know someone who is a Specialist Anaesthetist and he gets paid heapppsss, like can afford to travel Emirates First Class in the Residence Suite 30k round trip. His job gets paid more than Brain and Heart Surgeons. The highest paid job in Australia according to 7news is Anaesthetists.
Wow, your friend sounds like a knockout.
Yeah that's not even close to true. Brain and Heart Surgeons will double at least what an Anaesthetist gets paid. Anaesthetist make great coin, but they don't tend to crack 7 figures. A lot of other specialists and surgeons do.
Director of Nursing. Nearly $200K
I know a few supermarket store managers whose salaries are over $100k but the hours are too much - 50+ hour weeks are not uncommon.
Not another OzBrag thread.
You can make that in a lot of construction type jobs. Even lollipop traffic controllers make a mint, considering they have literally no skills
Was earning almost 115k flogging my ass off for a company that couldn't give an ass and my social life was nothing.
Left that and now I'm working for another mob in similar role and earning 77k and loving it, great conditions, easy work team, personal benefits are a massive plus (I.e 4 hours a day in traffic going to and from work, and now 20 mins return trip).77k is still very good, I am only on 45k a year still survivable.
If I were starting out and wanting to make a lot of money (and didn't already have money with which I could invest), I would go into banking/finance at a big corporate/commercial level. Or work for a property developer.
$100k as in (base salary + super) or $100k (base salary) ?
There are many variety here, I mean people could say I'm on 110k but that the total package (base + super + "at risk bonus").
i think what you 'earn' should be base + super. what net take home most would refer to would be net of super.
I don't know why most people's atttitudes are disregarding of super. if you make $100k a year and $10k super you are still rightfully the owner of $10k being put aside. i guess it's that short sightedness where most people can't control it now so it isn't really their money..
Its because the "take home money" is more visible or tangible hence like for me super is just like temporary untouchable savings.
But you are right tho, mindset need to change as super is actually our money as well.
My mindset also need to change hahah
yeah exactly. i know it isn't as fully in our control as we expect, and perhaps some of us could invest it better than super, but in a way it is forced savings and still our savings. and moving to different super plans or changing your investment mix is something you can actively influence. so it's still a good reason to educate yourself on investing and being able to change your mixes to be appropriate.
IT's also a long term game. salary sacrifice an extra $100 a week in your 20s and by the time your 60 imagine how much extra you've salary sacrificed. it could mean a 400k super versus 550k. that extra 150k is les pressure off you and i know you wont miss $100 a week - after all when you take out tax you get say $65,70.
Super is also an effective way to pay insurance if the policies suit. you'd be paying out of pre-tax dollars and then the tax itself is only 15%. so by having abigger super balance you do even out some fixed costs eroding your super.
Transport modeller. Bit over 100k salary, few years out from uni. Most seniors in our team (around 10 years experience) are on 130k base, associates/principals (around 16 to 18 years experience) on around 180k base a year.
Very easy job if you enjoy maths and are good at problem solving/ pick things up quickly. I work 37.5 hours a week, rarely do overtime and when I do it's paid.
I don't think 100k is considered rich. I'd say comfortable. I live in a disadvantaged suburb, drive an old car, and paying off a house worth around 400k (got 250k to go). Don't really have anything spare to go splurging. Other than on that $1.08 xiaomi usb fan.
What degree did you have to complete to get that kind of job?
I did a degree in engineering, but I know others who have done degrees in science or urban/environmental planning.
sounds like a dream
Guessing you work at ST because 37.5hrs/week? If so, then you're most probably on Grade RC5. TfNSW transport modellers/planner earn between Award Grade 7 and 9 but they do 35hrs/week though you probably get the travelpass. I'm around the same level as you also an engineer working in Transport and loving life.
Data Sciences / Digital Analytics / Digital Marketing
Moved to Brisbane and kept my Sydney based job and salary working in QLD Office = $125k+super
Quit the job coz it drove me nuts. Had a baby and was jobless for 3mths and too proud to go on centrelink (survived the 3mths on tax return and annual leave payout)… settled for a $91k+super job to stay in Brissy for a less senior role.
Its very location dependent and reflected in housing prices/boom. There aren't many Aussie companies with head offices in Brisbane for white collar roles. At the end of the day, a salary doesn't define financial security versus knowing how to invest and save. I took the paycut (and 'status/title' cut) to stay in Brissy because every time I had to go to Sydney for work or visit my family, I remembered the traffic, human congestion, etc and slap myself back to the reality of why I to leave.
Depends where you work. Almost every industry except mining/resource will pay more in MEL/SYD than in BRIS/PER.
Dentists start at 120k so that’s pretty good :)
I was curious so I will leave a separate comment below.
Easy as mate
The formula is here!
Get a video camera or a webcam and make videos of yourself yelling like a goof while playing games and put it on YouTube.
You will be worth big bucks in no time.
This.
Not really, not that much money on YT. Don't get me wrong, I am planning to start a channel of my own but do I have few friends that have 100k+ subs, and they share me the insights, it not that easy.
finance and accounting. cracking 100k is possible. but it's like alot of finance and commerce roles - bell curve. as you get to senior and management and rise above common finance functions you go from $50-80k to the $100-250k mark. i think the whole average of $80k+ someone mentioned in an earlier response is inflated becuase alot of every day persons i know get $50-85k and have been with the companies for 10,20 , 30 years.
I think there are just a heap of people that earn a big chunk over 6 figures. it's great to finally crack it but scary that what will the next job bring if it doesn't pay as well?!
It's a money field so of course a lot of money involved here, but also a lot of people. Many I know do not make over 60-70k.
yeah, that's the thing, there's a big average, and ahigher cohort. Sometimes it's luck and also hard work and smarts to et up there. i've been lucky to crack it but definitely not one of those top guns (you know partner, manager etc. pre 30 yo).
It's still a job where in general you'll take home a wage that'll be liveable off though, so can't complain with that one. And yeah - anything involved with money : finance, property, investment, can literally roll in cash.
Train driver. No qualifications or experience necessary and easily make over 100k. Bear in mind shift work is not for everyone and you also run the risk of having to experience fatalities and such.
Most tradesmen I know earn at least this much.
I'm a data scientist (not to be confused with data analyst), doing big data for energy market sector, earn 156k p.a from this job alone.
My taxable income is a different story. I can be classifed as low income earner if I play my cards right.
100k jobs by default will take approx 25% tax from you, smart people dont pay 25k in tax each year.
What do you mean? How do you get classified as a low income earner on a salary that high?
negative gearing or lie and claim false deductions
Neg gear is just a dumb way to waste ur money, yes u save tax but at the same time lose money out of pocket.
No false deductions, depending on each job/situation you can claim a lot or nothing.
Easy example: cash in hand plumber dont pay tax.
@westernculture: But you buy investment properties which go up 10% per year but the rents don't cover your interest payments so you claim it on tax, so you are losing money but your capital keeps going up.
@freemoneyhunter: wow, thats genius, no wonder those smarties pants got 12 investment properties. And the properties keep growing by 10% but wages only climb by 1%.
Hmmm, wonder where the rest of 9% disparaty will get covered? Ahh yes, simply by keep importing 'skilled' migrants as they bring their savings to be spend on new cars once they fotb to impress their cousins.
Could also have a trust to split the income with a stay at home wife or running a business in the red and thus tax write offs
His statement "this job alone" is a giveaway. He must have his own ASIC registered company in which he pumps a ton of business expenses through. Or the trust idea that someone else above mentioned is also true. Or even both, perhaps
No need to setup dodgy company, I dont earn as much as these guys:
http://www.smh.com.au/federal-politics/political-news/meet-t…
I would love to know how you do this, please PM. As I earn close to that but pay heap o tax
There are a lot of analytical positions across various industries (banking, finance, logistics, telecommunications, etc) where with 5 years experience you can pull $100-130K.
What degrees do you need?
Basic IT or Commerce degree.
Any basic undergraduate degree (Accounting, Business, Finance, Commerce, Engineering, etc). Quite a few of the roles will ask for a CPA even though it's completely not necessary.
Cash in Hand :)
been earning more than $100k since 2010 excluding overtime and super
IT
Neg'd for telling the truth?
You can make 100k in almost any industry if:
- You build your own business and have the smarts to make it successful
OR
- Can add significant value to someone else's business (Obviously over $100k of profit), show it to them and convince them to pay you for it.
It ultimately comes down to your attitude and skill set.
I'm in a role right now where I get paid over $100k when my industry peers get paid $60k-$80k but the company I work for gets their damn money's worth from me.
Big data architect.
180K.100K isn't that much. I know that sounds terrible, but, a senior school teacher (one who has more than 10 years experience) is earning about 90k.
100k for a teacher is a great wage they only work 40 weeks a year put into some perspective
40 weeks on a 38 hours - is $65 an hour for a degree that requires a fairly low Atar score. On top of that they would get almost 10k in super, public holidays (that dont fall on regular school holidays) and sick/maternity leave.
Once you add the leave/Public holidays in they are probably close to $70 p/h
Now how many professions do you know that actually make $70 p/h in Australia?
And before you start on the bullshit about doing 'extra' work after hours ie planning compare that the planning extra study nurses have to do and how much they get per hour and you got no argument.
On top of that if they are actually any good they can tutor for cash money
The biggest lie in the country if teachers are underpaid - if they had to work during school holidays i'd agree and just had a regular 4 weeks annual leave but to say that 100k a year to work 40 hours is bad thats an absolute joke
Most successful small business owners might make 180-200k a year working usually on average 60-80 hours a week with no leave entitlements and super and a high risk of losing it all if you average them out just over a 60 hour week thats around $64 an hour (@ 200k a year)…
Annual salary is not important i know people working at coles and safeway 7 days a week on close to 100k and doctors that make 80 but work 2 long days a week.
What truly matters is the hourly rate
Teachers do all their prep work in class when they give the kids textbook activities to do.
lol at teachers working 40 hrs a week. Teachers work double that easily. They are just required to be at work 40hrs a week. It's not a leave your work at work type of job.
Thats bullshit sorry mate im calling a spade a spade every teacher I know at worst absolute WORST might do 6-7 hours extra a week but most jobs do that and if anything they have weeks where the barely do 40 hours of actually work
@Pastry: You are delusional. Partner is a teacher. Works her ass off, at work at 8am, leaves work at 5pm, comes home and works 2-3hrs a night correcting and planning. Usually has an entire weekend day spent marking and planning also. She works through her holidays because Y12s send her emails to correct. In the last 3 week break, she worked an entire week 9-5. Perhaps if you had teachers who could do their job properly, you might have been able to use punctuation in your sentence.
You know your right when the opposition switches to insults over facts if you knew anything about arguing you might of made a better point then 'MY WIFE DOES IT SO EVERYONE ELSE DOES TOO'.
Good on your wife for doing a good job dead set meant no disrespect but the vast majority of teachers dont put in this amount of effort i'd say year 12 would be more difficult due to how important of a year it is. Keep in mind year 12s have a even shorter term 34-35 weeks a year opposed to the standard 40.
But just because YOUR wife puts in that much effort you cant say that ALL TEACHERS as a profession work 80 hours a week most preps wouldnt know how to send an e-mail…
I also highly doubt from week 1 term 1 she is getting e-mails every 10 seconds maybe prior to SACKS and Exams but that would be the major brunt of it.
So for 6-10 weeks a year she might be doing 60 hours but considering the term finishes early in term 4 and once the kids are on exam majority of the job is done i'm still calling you on BULLSHIT teachers complain more then any other profession but simply put they dont have the facts to back it up.
@Burnertoasty:
given the very low entrance requirements needed to get into teaching degrees, you shouldn't be complaining about the long hours. The income teachers earn is not commensurate with their skill level, they should be on 70-80K max.So lets say that your wife works 8 to 5pm straight no breaks = 9 hours a day x 5 days a week = 45 hours (pretty unlikely).
Lets give her the full 3 hours a night of marking extra work (unlikely). 3 x 5 = 15 hours.
lets say she works all day Sunday no lunch break from 8 to 5 = 9 hours. (unlikely)
Still not even at 70 hours.
And lets not forget that teachers get most of December off, all of January off because there is no school on, no emails from year 12s then.
Teachers do work hard, they work more than a 40 hour week probably (join the club) but 80 hours is much harder to hit than people realize.
Just accept the fact that they have a sweet set of circumstances when it comes to leave, and make a decent wage.
@serpserpserp: So you are saying I'm lying. Maybe she's having an affair and playing PS4 all Sunday instead of marking. It's either that or I'm lying. Good teachers work the same hours as she does. Bad teachers work in shitty schools and get fired.
It is unlikely that people work 8am to 5pm with literally no breaks for 5 days (or including your weekend day, 6 days) a week, week on week, all year long.
Nothing in there about someone lying. I said that you might not realize that working 80 hours a week is a completely different beast to being a diligent teacher.
@serpserpserp: So it's unlikely that she works 3 hours a night or all of Sunday, like she is right now?
OMG dude let it go. Even if she is working all Sunday and 3 hours a night as per my calcs in my original post, still doesn't hit 80 hours! The whole point of the post!
Which I didn't so….
Wonder who is being the A hole here then???
It also seems you are fighting a fires on a lot of fronts on this thread, lots of people don't agree with you, I guess the whole forum must be wrong…
I'll stop replying now, so you have to time to rebuttal/insult everyone else in this thread.
teachers work extra (10-20 hours tops), but so do most occupations with those sort of dollars.
the work is exactly technically difficult, its just volume.
where they do earn it tho is dealing with the parents and the kids some of these parents produce and at the end of the day it drags the whole class down, hence one of the major reasons Australian education is going down the drain.
what gets me tho it the actual hours of teaching is only around 16-20 for secondary and about 30 in primary … i cant believe they get APT time etc, most people would have to do that sort of work at home in other jobs!
the other thing teachers forget is there industry is recession and GFC proof, like the medicial services industry.This is supremely ignorant.
Teachers work many hours outside school hours. The work they do outside hours includes:
Preparation of lessons
Marking
Staff meetings on most days after school
And many other duties!To have to come up with enough content for lessons, lasting 4-5 hours a day, in line with curriculum standards and then actually deliver the lessons is an enormous workload.
Teaching is tiring in a way that is difficult to understand until you’ve either been a teacher or lived with one! Having to stand up and present for that many hours is draining. Keeping a class of unruly children or adolescents attentive and behaving is a Herculean task, and one that can take a heavy toll on a teacher’s health.
It is sad there is such disrespect for a profession that is so important to society. Providing children with an education is both a difficult task and a crucial need for our society to function. Contrast this with the respect doctors are given for the work they do. Many people forget that without teachers, there would be no doctors!
Let's support teachers and the valuable work they do educating our children and preparing them for their futures.
I work in education so to say this is supremely ignorant is a stretch and obviously you didnt read what i typed - just made an assumption that someone was having a misguided crack at teachers.
Even the points you list are incorporated into there 8 hour day - this is one of the points i was making about actual teaching time, the spill over is what they do as extra (overtime).
Teachers enjoy a lot of benefits that no other industry offers and only a fraction of those understand that because 90% have never been out of the school environment - they do year 12, go to uni, get a job teaching. No one is suggesting its easy, but you have to way up what they do, what they get and the perks involved.
they will get more respect if they increase the entry requirements to teaching degree's. Make it a minimum ATAR score of 90.
@mlburnian: That’s just stupid. There are many academic teachers, and most teachers enter the profession with a post graduate degree, meaning they had a 90+ ENTER to get into their undergrad course at a top uni. Certainly there are teachers who enter with a low TER thanks to an education degree, and while that matters for perhaps their job interview, it’s their workplace performance that matters after that. Doctors also have a back door for entry. Not every doctor has a high ENTER score, you can enter post grad medicine at Notre Dam University for example which has much less academic entry requirements, does it produce worse doctors? There are some fantastic doctors I’ve seen who’ve taken that route.
@Burnertoasty: some of the dumbest people I have worked with had post grad degrees. A masters degree does not amount to much these days.
@notout50: You sound like you've worked in one before…hahahahaha