1. Science and technology
Toronto is the world's fourth biggest market for technological talent, employing over 241,000 technology employees and rapidly creating new tech-focused jobs—faster even than the San Francisco Bay Area. As a result, it has attracted numerous well-known technological businesses that need global talent to succeed, such as Oracle, Cisco, Shopify, Google, and Microsoft, to mention a few.
While computer systems design and related services account for the majority of these jobs (60.2 percent), other important sub-sectors include telecommunications (21.2 percent), computer and electronic product manufacturing (7 percent), information services (5.5 percent), software publishers (3 percent), electronic and precision equipment manufacturing (1.6 percent), and internet service providers and data processing services (1.5 percent).
The following are some of the highest-paying IT jobs in the Toronto area:
$110,930 CAD for a Software Engineering Manager
$104,051 CAD for Software Architect
Engineer, Senior Development Operations (DevOps): $94,150 CAD
Senior Software Engineer: CAD $93,503
Manager of Information Technology (IT): $90,015 CAD
$87,324 CAD for Senior Java Developer
$83,415 CAD for Senior.NET Developer
While rising demand for IT skills is beneficial to job searchers, it also increases competition for the highest-paying positions. As a result, it's vital to keep broadening your skill set in order to grow in your job. Earning a Master of Science in Cybersecurity, Computer Science, or Analytics will help you build the skills and expertise that businesses need and require.
2. Finance and Business
In addition to being one of Canada's premier technology centres, Toronto is the country's biggest financial center, employing about 210,000 people. Many of the country's top financial institutions, including the Canadian Imperial Bank of Commerce, the Royal Bank of Canada, Manulife Financial, Sun Life Financial, Aviva Canada, and many of the country's largest pension funds, have made the city their home.
Many of the available employment are centered in the banking services industry (58.3%), although other key finance and business related sub-sectors that are actively recruiting include securities and investments (22.5%), insurance (17.7%), and various other funds (1.5 percent).
The following are some of the highest-paying (non-executive) business and finance occupations in the Toronto area:
$95,915 CAD for Investment Manager
Finance Manager: CAD $85,142
$77,938 CAD for Business Analyst
$74,337 CAD for Branch Manager
$73,091 CAD for the project manager
$71,134 CAD for Chartered Accountant
$70,637 CAD for Bank Manager
If you want to work in business or finance in the Toronto region, it's important to be able to distinguish yourself from the competition. Earning an advanced degree that demonstrates a unique skill set, such as a Master of Science in Project Management, Business Analytics, Cybersecurity, or Leadership, can help highlight your value to an organization and increase your chances of landing one of these more advanced, competitive positions.
3. Biological Sciences
Toronto has a vibrant and healthy life sciences industry. With approximately 30,000 employees and dozens of prominent firms like as Eli Lilly, Johnson & Johnson, Janssen, McDougall Scientific, Thornhill Medical, and others, the pharmaceutical sector contributes more than $2 billion to the Toronto economy.
Life sciences is a very vast industry. The bulk of open positions in Toronto are divided into the following sub-sectors: Paid hospital researchers (32.3%), pharmaceuticals manufacturing (20.5%), medical and diagnostic services (17.3%), research and development (8.8%), pharmaceuticals and pharmacy supply (7.9%), medical instruments manufacturing (6.8%), and medical equipment and supplies manufacturing (6.8%). (6.4 percent).
The following are some of the highest-paying occupations in the Toronto life sciences industry:
$103,238 CAD for Senior Clinical Research Associate
$89,564 CAD for Regulatory Affairs Manager
$80,472 CAD for Compliance Manager
Medical Devices Quality Engineer: $61,141 CAD
Associate in Clinical Research: $60,880 CAD
$59,406 CAD for Biomedical Engineer
Technician in Biomedical Engineering: $59,190 CAD
Many of these roles, particularly those requiring research, will undoubtedly need the acquisition of an advanced technical degree demonstrating proficiency in a certain sector. The degree needed may vary depending on the profession, but Master of Science degrees in biotechnology, bioinformatics, and health informatics may boost your chances of securing a position in the life sciences field.
It should be noted, however, that not all professions in the business need technical degrees. If you want to work in support, such as as a regulatory affairs professional or product specialist, a degree like a Master of Science in Regulatory Affairs or Project Management may help you show the non-technical abilities and competence you'll need.
If you live in the Toronto region and want to develop your career or find a high-paying job, Northeastern University-academic Toronto's programs may assist. They are intended to address the demands of Toronto area companies by combining tough academics, practical learning, and faculty members with industry expertise.
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