Looking to make a move into a more lucrative role? Check out the list of top-paying roles in Canada for 2022.
Salaries are trending up across numerous industries due to factors such as skills shortages, rapid growth following openings after the COVID-19 shutdowns and confident job seekers that 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 2022 below.
1. Software Developer/Software Engineer
Software developers and software engineers earn competitive salaries in general, but for those looking to break into six-figure incomes, leadership roles tend to be the best bet. These roles pay more for a variety of reasons:
• They rely on specific skills backed by years of education and on-the-job training
• They may require specific technical skills or certifications
• They demand strong communication and leadership skills
Most professionals should expect to put some time in as developers or engineers before stepping into higher-paying senior roles.
2. Financial Controller
Financial controllers can earn between $80,000 and $150,000 annually depending on factors such as experience, certifications, education and type of employer organization. Larger enterprises typically pay more, and controllers who are able to oversee financial departments or act as executives in accounting arenas typically earn the most.
3. Plant Manager
Plant managers make an average of $90,000 to $160,000 annually, with salaries more than $100,000 per annum typically going to those with experience in plant management. The COVID-19 pandemic has impacted job growth and salaries in this niche in several ways:
• A shortage of skilled workers as people chose to retire early or otherwise leave physical work locations due to the pandemic
• An increasing consumer demand that makes it critical plants can operate at the highest levels of functionality
• A need for efficiency and cost-savings that can come from investing in better leadership
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4. Application Programming Manager
Application programming managers with experience can earn more than $100,000 per year, and those with experience may be able to earn even more depending on how big their teams are, where they work and what type of employer they have.
These positions pay well because they rely on expansive experience, knowledge of multiple types of programming and the ability to lead teams and coach junior analysts. Application programming managers also take on a large burden, as their teams may be responsible for maintaining and improving the technology that runs an entire business.
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5. Marketing Director
Marketing directors oversee marketing departments, which may comprise multiple teams. They must be able to understand all facets of marketing, including traditional, digital and disruptive technologies, and work with managers and other team members to create overall strategies for branding and messaging.
Marketing directors typically have experience in one or more marketing methods, having worked their way up from more basic marketing positions through the years. Part of the reason they’re paid so well is that they’re highly responsible for brand messaging, a factor that can make or break a business.
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6. Business Development Manager
Business development managers can command salaries of $85,000 to $100,000 when they start out. With experience and a proven track record. they can earn as much as $175,000 annually. Business development managers earn so much because they’re vital to the success of a business. They close deals, develop new client relationships and bring revenue in, which is why companies are willing to pay a premium for the best talent.
COVID-19 has done its share to make this one of the highest paying jobs. Customers may be nervous to do business with entities they don’t know, and competitive post-pandemic markets make every deal critical to long-term success. It’s a time for business development managers to shine.
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7. Cloud Architect
Cloud architects and engineers with more than five years of experience can earn around $100,000 per year on average. That experience doesn’t have to be specific to cloud architecture, as areas such as networking and data management may be applicable too.
These positions pay well because it takes a lot to become a viable candidate. Cloud architects typically have four-year degrees or an equivalent amount of education and experience. Employers may require candidates to hold certifications gained only through rigorous (and possibly expensive) testing.
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8. IT Operations Manager
Like other leaders in the technical sector, IT operations managers can earn six figures a year. The highest compensation comes after years of experience, and IT ops managers tend to rise from the ranks, working in various technical positions to gain the experience and knowledge necessary for the leadership role.
9. Electrical Engineer
Electrical engineers make up to $115,000 on average with between five and 10 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 also because of 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, 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 types of business structures mean more work for construction project teams.
These are just a few of the best paying jobs in Canada for 2022. Top paying jobs can be found in almost any sector, and what you personally can earn depends on factors such as your experience, preferences and whether you’re willing to relocate.