You’ve probably heard that the job market is changing faster than ever. As technology and automation continue advancing, some jobs will decline while new opportunities emerge. If you live in Sydney and want to future-proof your career, it pays to understand where things are heading. We researched the top employment trends and can forecast the 10 most in-demand jobs in Sydney for 2024.
Whether you’re choosing a career path, upskilling, or looking to change fields, this inside scoop will help you make strategic moves. Stick around as we count down the jobs that will be booming in Sydney just two years from now. You may be surprised which industries have the brightest outlook and options that align with your strengths.
The Job Market in Sydney
Sydney is poised to have a strong job market over the next few years. As Australia’s largest city, Sydney offers opportunities in diverse industries from finance and technology to healthcare and education.
- The New South Wales government predicts over 150,000 new jobs will be created in Sydney by 2024, largely driven by major infrastructure projects. This includes roads, public transportation, schools, hospitals, commercial spaces, and more.
- Areas projected to see the most job growth align with broader economic trends and include:
- Technology – software developers, programmers, IT consultants
- Construction – engineers, project managers, skilled tradespeople
- Healthcare – nurses, home care aides, medical technicians
- Finance and business services – accountants, analysts, consultants
- Education – teachers across all levels and subjects
- With new companies continuing to expand in Sydney and an aging population demanding more services, job seekers with the right skills and education should find abundant openings.
- It’s an exciting time in one of the world’s most livable cities. By understanding the forecasted high-demand occupations, job seekers can position themselves to benefit from Sydney’s bright economic future.
- Some key ways to prepare include pursuing STEM training and credentials, emphasizing transferable skills, and being flexible to change. Focusing on personal growth and compassion for others doesn’t hurt either!
The future looks bright for Sydney. There will be challenges too, but many reasons to be optimistic.
The Top 10 Highest Paying Jobs in Sydney
It’s no surprise that Sydney, the largest city in Australia, has some of the highest paying jobs in the country. With a booming financial industry, major technology companies, and innovative startups, there is plenty of opportunity to land a lucrative career. These jobs are not only in high demand in Sydney, but also offer the chance to earn an enviable salary.
Let’s take a look at the top 10 highest paying jobs in Sydney in 2024:
1. Surgeon
With an aging population and advanced medical facilities, surgeons are able to command salaries averaging $400,000 per year. Specializing in areas like neurology or cardiology can boost earnings over $500K.
2. Chief Executive Officer
Heading up major corporations or organizations, CEOs in Sydney earn well over $300,000 on average. Those leading large ASX companies or multinationals can make over $1 million annually.
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3. Anesthesiologist
Keeping patients comfortable and monitoring vital signs during surgeries and procedures allows anesthesiologists to earn around $350,000 per year on average.
4. Psychiatrist
With high demand and relatively few specialists, psychiatrists earn approximately $300,000 helping patients manage conditions like depression, bipolar disorder, and schizophrenia.
5. Financial Manager
Overseeing investment funds and advisory services pays around $250,000 on average. Those at top investment banks or hedge funds can earn over $500,000 per year.
6. Lawyer
Corporate attorneys provide legal services to businesses for around $200,000 annually on average. Top partners at elite global law firms can make over $1 million per year.
7. Engineer
Chemical, civil, electrical and mechanical engineers earn roughly $150,000 on average, with high demand across various booming infrastructure sectors.
8. IT Manager
Overseeing network infrastructure, systems, databases and security for $140,000 annually. Experience with cutting-edge technologies can boost salary higher.
9. Actuary
Analyzing statistics to assess financial risk and uncertainty pays over $130,000 on average. Consulting at top firms can earn over $200,000 per year.
10. Software Developer
Designing, building and supporting software applications and platforms earns around $100,000 annually on average currently. Increased demand predicts much higher salaries by 2024.
READ ALSO: Top Highest Paying Jobs in Australia 2024
FAQs
What are some of the most in-demand jobs in Sydney in 2024?
The top jobs range across sectors like technology, healthcare, construction and education. Some of the hottest jobs include software developers, registered nurses, electricians and secondary school teachers. There is strong demand for skills like coding, nursing care, electrical systems and working with youth.
Why is the technology sector booming in Sydney?
Sydney is home to a thriving startup scene and many multinational companies have regional HQs here. With new technologies like AI, automation and cloud computing transforming business, demand for tech talent is skyrocketing. Jobs like software developers, UI/UX designers and cybersecurity specialists are highly sought after.
Are there good job opportunities in healthcare in Sydney?
Absolutely. Australia’s ageing population and the rollout of the National Disability Insurance Scheme is fueling demand for healthcare workers. Registered nurses, occupational therapists and aged care workers are just some of the medical roles with ample openings in Sydney.
What’s driving the need for teachers in Sydney?
A rising population paired with a wave of retiring baby boomers is leading to a teacher shortage in NSW. Primary and high school teachers who specialise in math, science and English will be in high demand over the next few years.
Why the need for more trade workers?
Infrastructure projects and new housing developments across Sydney require skilled tradespeople like electricians, carpenters and plumbers. With many tradies retiring soon, it’s a great time for newcomers to enter the construction industry.