Top 6 highest-paying jobs in Canada for international students

Canada is an amazing country when it comes to building a prosperous future. It provides amazing quality education, a high standard of living, a welcoming and safe environment, and plenty of job opportunities. It also offers an amazing post-study work permit, which allows international students to live and work in Canada for up to three years after completion of the program. This is the reason a large chunk of international students are inclined towards Canada as their preferred destination. If you also belong to that international community in Canada or would like to go to Canada to pursue further education and are curious to know the top 5 high-paying jobs in Canada, then here are these

1. Construction Manager 
2. Lawyer 
3. Petroleum Engineer
4. IT Manager
5. Financial Manager 
6. Data Scientist

Here are the Top 6 highest-paying jobs in Canada

1) Construction Manager: 

Average Salary: $100,000-$150,000 per year 

Education Requirement: Bachelor’s or Master’s in Civil Engineering or Construction Management work experience 

Reasoning behind the construction manager job profile: For any country, building infrastructure is very important, and we all know Canada is struggling with the housing crisis, too. The construction manager role comes under the skilled and high-demand role in Canada and offers a lucrative salary package. A construction manager is the person who supervises all the construction activities, such as buildings, roads, bridges, and other related activities. The high demand for construction managers in Canada is inspired by several vital factors

• Invest in infrastructure: Canada is making insignificant investments in public infrastructure, such as roads, bridges, hospitals, etc. 
• Housing crisis: As we are all aware, Canada is facing a housing crisis. According to the report, Canada would need an additional 1.3 million homes by 2030 to eradicate the country’s housing gap. As per the Canadian Mortgage and Housing Corp., Canada would need to build 3.5 million additional homes by 2030 to restore affordability to 2003-04 levels.
• Skilled Labour Shortage: The construction trade is experiencing a scarcity of experienced labour, which increases the demand on managers to manage projects effectively.
• Sustainable and Green Building Initiatives: Canada has switched its focus on sustainable construction and eco-friendly materials, and of course, it demands experienced managers who can understand new technologies and environmental regulations.
• Government Assistance and Immigration Regulations: Construction managers and other skilled professionals are being aggressively encouraged by Canada through Provincial Nominee Schemes (PNPs) and Express Entry, two Permanent Residency (PR) schemes.

2) Lawyer

Average Salary: $110,000-$270,000 per year 

Education Requirement: Law Degree + License

Reasoning behind a lawyer’s job profile: The law industry is a sunrise industry with increasing demand throughout a range of practice areas. There are multiple reasons that a lawyer’s job profile is increasing such as

• Economic Development and Company Growth: Canada is an industrial hub, and in this current era of competition, it is very important for businesses to expand, and business expansion needs legal knowledge in corporate law, intellectual property, contracts, and compliance. Not only big firms but also start-up tech companies require legal experts to handle mergers, acquisitions, and regulatory issues.
• Lawyer Retirement and the Ageing Workforce: It is omnipresent information that Canada is struggling big time with ageing issues, and to maintain the current lawyer workforce, it requires new lawyers.
• Litigation and dispute resolution have increased: The need for solicitors is increasing as a result of an increase in family law proceedings, corporate litigation, and civil conflicts.
• Need of the Public Sector and Social Justice: Legal experts are needed by government organisations, advocacy groups, and non-profits to work on public interest law, human rights issues, and policies.

3) Petroleum Engineer:

Average Salary: $120,000-$220,000 per year

Education Requirements: Bachelor’s or Master’s in the Engineering stream

Reasoning behind the Petroleum Engineer job profile: Canada has ample oil reserves, and it requires a skilled, professional workforce to effectively identify, harvest, and manage these resources, making a substantial contribution to the nation’s energy security and economy. The reasoning behind the Petroleum Engineer job profiles is

• Third largest oil reserve and gas industry: Canada is the third largest oil reserve country in the world after Venezuela and Saudi Arabia, and most of Canada’s oil reserves are in the oil sands of provinces such as Alberta, Saskatchewan, and Newfoundland.
• Canada is ageing. Plenty of experienced petroleum engineers are retiring and creating a workforce shortage in the sector. Firms are looking for fresh talent to take the place of retiring experts.
• Government spending and incentives: The Canadian government is very serious about oil and gas projects, and this is the reason it backs numerous related projects through tax incentives, R&D investment, and infrastructure development. Additionally, there is a push for carbon capture technologies, which will open up new career paths for engineers working in petroleum-related industries.

4) IT Manager

Average Salary: $120,000-$200,000 per year

Education Requirements: Bachelor’s in computer science, Information Technology, and related fields + experience

Reasoning behind the IT manager job profile: Canada, being a flourishing hub for technology innovation, has seen an increase in the need for IT professionals. The IT manager job opportunities is booming in Canada, and there are many factors

• Speedy digital change: whether talking about small, medium, or big businesses, in every sector, there is a swift change in IT, and everyone is adopting Cloud computing, cybersecurity, AI-driven technologies, and digital solutions
• Lack of qualified professionals: The talent pool and the need for IT managers are not aligned in Canada. Employers have difficulty finding seasoned experts who can lead innovation and oversee IT operations.
• Every sector is in demand. Beyond the tech industry, IT managers are required in a number of industries where digital solutions are becoming indispensable, such as healthcare, finance, education, and manufacturing.
• Expanding Technology Sector: The tech industry in Canada is flourishing, not only in big cities such as Toronto or Vancouver but also in Scarborough, Kingston, and Niagara Falls. As more international businesses build offices in Canada, there is a greater need for IT leadership.

5) Financial Manager 

Average Salary: $100,000-$170,000 per year

Education Requirements: Bachelor’s or Master’s in Accounting, Finance, or a related stream

Reasoning behind the Financial Manager Job Profile: The financial health of any company is very important, and a financial manager knows exactly how to take care of the financial health of the firm. Here are the factors that put this job profile in high-paying jobS in Canada.

• Economic Development and Company Growth: The Maple Country economy is booming, and sectors including manufacturing, technology, healthcare, and finance are all growing. To supervise risk management, budgeting, and financial planning, businesses need qualified financial managers. The start-up culture in Canada is flourishing, particularly in major areas like Toronto and Vancouver. To manage money, acquire financing, and streamline operations, startups require financial specialists.
• Growing Need for Financial Planning and Risk Management Risk management, cost containment, and strategic financial planning are becoming top priorities for businesses. Financial managers are essential in assisting businesses in navigating challenging economic times.
• Requirements for Regulation and Compliance: Businesses operating in Canada are subject to stringent tax and financial rules. Financial managers assist in avoiding legal problems by ensuring adherence to government regulations.
• Agening problem in the workforce: There is a manpower deficit as a result of the retirement of several top financial managers. To assume leading positions in financial management, businesses require fresh people.

6) Data Scientist

Average Salary: $120,000-$170,000 per year

Education Requirements: Bachelor’s or Master’s in Data Science, Computer Science, or Statistics

Reasoning behind the Data Scientist job Profile: Data is becoming an inevitable part of human lives; for every single decision made in business, data analysis and data manipulation are becoming vital; they help to make the decision effectively. Several important factors contribute to the strong need for data scientists in Canada and around the world:

• Growth of big data: Companies nowadays produce extraordinary volumes of data via financial transactions, social media, e-commerce, IoT devices, and other sources, and to handle, examine, and derive useful insights from this massive amount of data, businesses are in dire need of data scientists.
• Industry-Wide Digital Transformation: Artificial intelligence, machine learning, and data analytics are being adopted by nearly every industry, including government, manufacturing, retail, healthcare, and finance. Businesses want qualified data experts to optimise procedures and decision-making as they digitise operations.
• Risk management and data security: Businesses require data scientists for cybersecurity analytics, fraud detection, and anomaly detection due to the increase in cyberthreats and data breaches. Data science is used by banks and insurance providers for financial modelling and risk assessment. Data science is used by online companies (Amazon, Shopify, etc.) for supply chain optimisation, fraud detection, and customer recommendations. Data-driven decision-making is essential to customer experience and personalised marketing.