What salaries are ready to rise?
Although mining remains the highest paying industry in 2018, advertised salaries are well below the level of five years ago. In 2013, the average salary on offer in the industry was just under $135,000, now it’s hovering just above $116,000.
Commodity prices have recovered so the demand for drilling and exploration has picked up, and NAB’s monthly business survey shows mining is reporting the best conditions of any industry currently,” he says, “…but I don’t think we’ll see it get back to 2012-13 levels – that was a one in a 100 year cycle.
Strong population growth has been good for services, with a 19% growth rate in advertised salaries for the education sector and a 16% growth for community services jobs over the past five years
The five highest paying industries in 2013 still pay the highest salaries in 2018, however all of them, except ICT, pay less for the role than they did five years ago.
ICT salaries, by contrast, grew by 7.3%, with the average climbing from $97,700 to $104,800 in five years.
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