Last Updated On 23 November 2023, 10:34 AM EST (Toronto Time)
Toronto is often described as the financial capital of Canada, as it is one of the largest business hubs.
However, the cost of living in Toronto is far greater than the average cost of living in other parts of the country.
Here is the list of the 10 highest-paying jobs in the Toronto area within each growing sector.
The demand for healthcare workers has drastically increased with the increase in population across Canada.
Similarly, in Toronto, the healthcare industry continues to grow and provides several opportunities to move up in your career. Some of the highest-paying titles in healthcare are:
1. Surgeon: Average annual salary of $196,401 per year 2. Orthodontist: Average yearly pay of $179,925 per year
Careers in business and finance are beneficial as they provide management and leadership roles.
Moreover, the business and finance industries are generally lucrative. High-paying jobs in this field are:
3. Marketing Director: Average annual salary of $171,401 per year 4. Investment Manager: Average yearly salary of $95,915 per year
The fastest-growing industry in Toronto that continues to be in demand is IT or information technology.
Additionally, as most things move to a digital landscape, all industries need tech-savvy employees. Below are high-paying tech jobs in Toronto.
5. Developer: The average annual salary is $114,400 per year. 6. Software Engineers: average yearly pay of $124,005.50 per year
Another high-paying industry is the legal industry. However, being a very competitive field, there are not as many job opportunities as before.
Nevertheless, if you are passionate about law, below are some high-paying legal jobs you could consider:
7. Lawyer: The average yearly salary is $102,474 per year. 8. Paralegal: average annual wage of $78,059 per year.
Although construction may not be as attractive as other industries, it continues to be one of the highest-paying jobs. Additionally, you can earn higher wages as you get promoted to a managerial position.
9. Construction Manager: Average annual salary of $98,253 per year 10. Civil Engineer: Average yearly salary of $84,000 per year
What comprises of the Greater Toronto Area?
The Greater Toronto Area (GTA) includes the following municipalities: Toronto, Mississauga, Brampton, Markham, Vaughan, Richmond Hill, Oakville, Burlington, Milton, Aurora, Newmarket, and Pickering.
What are the 10 highest-paying jobs in the Greater Toronto Area?
Here are the 10 highest-paying jobs in the Greater Toronto Area:
1. Surgeons with average annual salary of $196,4012. Medical Directors with average yearly pay of $171,4013. Marketing Directors get paid an average annual salary of $140,1374. Investment Managers have an average yearly salary of $95,9155. Developers get average annual salary of $114,4006. Software Engineers have average yearly pay of $110,9307. Lawyers get paid an average of $102,474 per year8. Paralegals get average annual wage of $78,0599. Construction Managers get paid annual salary of $98,25310. Civil Engineers have an average yearly salary of $84,000
Please note that these professionals get paid even more with experience and above listed are just the average salaries.
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