Which courses lead to the most stable jobs and highest wages?

Further study, as they say, is the surest path to a high paying job. If you are starting higher education and are uncertain of what you actually want to do, consider the majors that have been in high demand for the last couple of years to date and are more likely to result in better financial security. Who knows? One of these courses might just be the one you are looking for.

Healthcare

Average starting salary: $70,000

Australia’s ageing population and increasing healthcare costs mean thousands of job openings for healthcare professionals. In fact, thousands of international graduates from the health industry are benefiting from Australia’s shortage of medical staff. If you want to find ready and stable employment, a healthcare qualification might be the solution. Majors in pharmacy, dentistry and optometry, as well as medical studies and psychology, are good starting points.

Engineering

Average starting salary: $60,000

A lot of areas in the engineering industry are popular for their generous incomes. Civil engineering, for instance, is considered one of the top earners among all engineering majors, especially now that the construction industry is booming.  If subjects such as maths and science interest you, or you have always been fascinated by how things work, you will likely be a good civil engineering candidate. You can also take your chances on chemical and mining engineering as they are also in demand.

IT/Computer Science

Average starting salary: $60,000

With the advancement of technology, IT makes for one of today’s most dynamic job markets. Also, because of the demand for web designers, programmers, system administrators and technical support specialists in nearly every industry, it is no longer a surprise that majors related to computers and technology rank well.

Accounting/Finance

Average starting salary: $50,000

Do you like crunching numbers? If so, an accounting or finance major may be the right one for you. While these careers can be challenging, they offer great rewards and remuneration. Unlike in the past when accountants are only tied to the traditional finance function, many organisations are now hiring accountants to act as financial leaders in their businesses.

Skilled Trades

Average starting salary: $46,000

As more and more urban development projects take place in Australia, skilled tradespeople like plumbers, electricians, mechanics and carpenters are also sought after. These careers require practical training and completion of an apprenticeship, where you can start earning while also learning on the job. If you don’t want to be bound to your desk all day, a skilled trade may be the job for you. As a skilled tradesperson, you can either work for a company or run your own business. Either way, it is a great way to make a living.

For migrating to Australia, you should also consider the Skilled Occupation List and other factors that relate to immigration requirements.