Salaries are trending up across numerous industries. Even with inflation and an impending recession, salaries continue to rise because of factors such as skills shortages, talent shortages, rapid job growth, and confident job seekers who aren't afraid to negotiate for better pay.
If you're in the market for a new job or just wonder if there's a chance at higher earning potential, find out about some of the best-paying jobs in 2023 below.
1. full stack developer
The average full-stack developer salary in Canada is around $85,000 annually. Full-stack developers in an entry-level position usually start at $75,000 per year, while most experienced full-stack developers can make upwards of $130,000 per year.
There’s never been such a high demand for full-stack developers, and that demand will only keep rising. It’s safe to say there’s never been a better time to pursue a career as a full-stack developer.
2. financial analyst
Financial analyst jobs remain among the top positions, and their salary averages have risen over the past couple of years. As a financial analyst, you can expect your salary to be between $80,000 to $120,000.
Businesses rely on experienced financial analysts to enhance corporate success by spotting patterns in financial data and assisting senior management in making wise decisions. A more strategic and analytical finance function necessitates a financial analyst contributing more frequently and directly to other departments. Therefore, candidates for financial analyst jobs are in demand across many industries.
3. HR manager
The average human resources manager's salary in Canada is $83,00 annually. Entry-level HR managers' positions start at $80,000 annually, while most experienced workers make up to $110,000 annually.
People working in the Human Resources field can expect high earning potential, job stability, and rising salaries. HR specialists can anticipate good job stability over the next couple of years while making a competitive salary. With job openings at a high, workers with in-demand skills have more negotiating power.
Millwrights can earn between $50,000 at the entry-level and $95,000 for a more senior position. Millwrights are in high demand and have quickly become one of the top-paying skilled trades jobs. As machine automation increases, more millwrights will be required to keep those machines in good working order.
Millwrights are one of the fastest-growing trades, and there will be a greater need for millwrights as more advanced manufacturing equipment is adopted. Salaries follow suit, as top millwrights are sought after with higher wages, making it a great time to be in the field.
5. production supervisor
A production supervisor is one of the top-paying jobs in Canada. Production supervisors can see a salary starting at $65,000 and heading upwards of $100,000 for more senior positions. The compensation has been steadily climbing, and production supervisors have become more and more valuable to companies.
Demand for production supervisors isn’t expected to slow down as the manufacturing sector has seen a high increase in demand over the past couple of years.
6. executive assistant
The average salaries of executive assistants across Canada range from $60,000 to $96,000 annually. The employment outlook for executive assistants has been growing, with many new job openings growing across the country.
Behind every great executive is a fantastic assistant. Executive assistants help manage inner office workings and balance professional, familial, and social obligations, making a good executive assistant sought after by companies.
7. solution architect
Solutions architects' salaries will range from $84,000 to $130,000. They’ll find that the top-paying provinces are Alberta, Ontario, and British Columbia. Salary ranges can vary significantly depending on various crucial aspects, including schooling, credentials, supplementary talents, and the length of time you've worked in the field.
As companies expand their information technology networks, the demand for solutions architects is increasing, and the job is more in demand.
8. forklift operator
The salary for a forklift operator ranges from $40,000 to $58,000. Forklift drivers are in-demand positions, and their salaries have risen with this demand. With the rise of e-commerce, there has been an increase in warehouse and fulfilment centres.
Forklift drivers are needed to stack, move, and inventory merchandise at warehouses and fulfilment centres across the country. Due to the high skills gap, employers are looking for skilled workers to fill the numerous open positions.
9. electrical engineer
Electrical engineers make up to $115,000 on average with between five and ten years of experience. Starting out, these positions often pay between $80,000 and $100,000, though you'll find higher average pay in locations such as Calgary, Ontario and British Columbia. Electrical engineers that work in energy and manufacturing tend to enjoy the most competitive pay.
These roles are compensated at such high rates due to the education and experience required and supply and demand factors. A general STEM skills shortage in Canada often drives higher compensation for technical jobs.
10. construction project manager
Construction project managers earn very competitive salaries. Depending on the location of the position, the pay can be as much as $100,000 per annum or more.
The pandemic has opened the doors for job growth in this sector, which is also leading to more competitive salaries. Pressures on the housing market and a need for different business structures mean more work for construction project teams.
These are just a few of the best-paying jobs in Canada for 2023. We can find top-paying jobs in almost any sector, and what you can earn depends on factors such as your experience, preferences and whether you're willing to relocate.
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