Published: 03 Nov 2020
If you’re an electrician you’re sitting pretty, plugged in to plenty of earning potential, opportunity for growth and enough time to spend your hard-earned dollars.
Show me the money
Electricians are right on the money sitting in second place in the top five highest-paid trades in the country in 2019. When it comes to pay packet, you’re out-earning the other major tradies including carpenters, plumbers and bricklayers. In case you’re wondering, top honours went to boilermakers.
According to Trade Risk the average annual income for an electrician in 2019 was a cool $91,455; Job Outlook quotes a higher figure of $94,796. And you’re not only in one of the highest-paid trades. You’re also earning pretty good coin in comparison to the rest of the country. Across all industries the average Australian salary is, according to the Australian Bureau of Statistics, $88,140.
Not bad when you consider electricians are working a comfortable 45 hours a week. Decent working hours means you get ahead while enjoying all the perks of the lifestyle a good salary affords. Thinking of getting into property, buying the latest Ducati or taking the family on an overseas holiday? As an electrician you have the earning power to achieve those goals and more.
The future for electricians is bright
Electricians are not only earning more than the other trades but are spoilt for choice with a number of career and specialty paths, and strong job prospects in a range of areas including smart technology. Jobs for electricians are also one of the few occupations that has thrived in the wake of the COVID-19 pandemic.
Whether you’re an employee or you own your own business, you can reap the benefits of job security and the chance to make more money as you go. Presently 90% of electricians are employed full time and that tidy take-home pay we mentioned before? It’s expected to rise over the next five to ten years as a shortage of electricians may see demand rise and competition for good employees become fierce.
The Australian Government regularly highlights the need for skilled labour as infrastructure and industry continue to grow. So there’s always opportunity to expand your small business with contracts in the construction and energy sectors.
Spark up your career
The sky’s the limit — think opportunities in mining, energy or water, auto electrical, building and construction, or green energy and solar.
Even better, transfer your skills to a specialised area or upgrade your qualification and you can leverage your skills into a career in a higher earning industry. SEEK's latest data cites Mining, Resources and Energy as the highest paid industry. If the big bucks are what you’re after, a little bit of direction and planning goes a long way.
Out in front
Electricians are well out in front of many other trades, with great earning potential, career path options and a good work–life balance on offer. Being a sparky allows you to enjoy your lifestyle in the short-term while investing in your long-term financial future. If you are a tradesperson that wants to invest in your future, please consider Energy Super for your Industry Super Fund.
The data on which these forecasts are based are updated on a yearly basis and compiled from national statistics which may not reflect either regional variations or more recent changes in employment conditions.