Toronto is one of the most dynamic and diverse cities in Canada, offering a wide range of well paying jobs for professionals in various sectors. Whether you are looking for a career change or a new challenge, you might be interested in knowing which are the best paying jobs in Toronto.
As the economic heart of Canada, Toronto attracts top talent from across the globe, offering lucrative career paths for those seeking high paying jobs and professional growth. In this blog, we'll explore the top 10 best paying white-collar professional roles across finance, accounting & operations, legal, risk & compliance and technology, shedding light on salary banding from our 2024 Salary Survey, job descriptions, and the experience and education that contribute to their elevated earning potential.
By integrating proprietary data, accessible market insights, and the expertise of our recruitment specialists, our Salary Survey delivers comprehensive overviews of the expected salary ranges for candidates and the competitive benchmarks employers must meet to attract top talent.
10. FP&A manager
2024 salary range: $74,000 - $119,000
FP&A managers prepare and oversee the budget, forecast, and variance analysis, as well as provide insights and recommendations to support strategic decision-making. They also collaborate with various stakeholders across the organization to ensure alignment and accuracy of financial data and reports.
Why is this a high paying job?
They play a key role in driving the financial performance and growth of the organization. They require strong financial modeling and communication skills, as well as a deep understanding of the business and industry trends.
Education: Bachelor’s degree in finance, accounting, economics, or a related field, and several years of experience in FP&A or similar jobs.
Latest finance jobs
9. Risk & compliance manager
2024 salary range: $125,000 - $155,000
Risk & compliance managers develop and implement strategies, policies, and procedures to mitigate and prevent risks. They also monitor and report on the effectiveness of the risk and compliance programs and ensure that the organization adheres to the applicable laws, regulations, standards, and best practices.
Why is this in the top 10 well paying jobs?
They help protect the organization from various threats that could harm its performance. They require strong analytical and decision-making skills, as well as a keen eye for detail and accuracy.
Education: Bachelor’s degree in finance, accounting, law, or a related field, and several years of experience in risk and compliance management.
Latest risk & compliance jobs
8. Software engineer
2024 salary range: $100,000 - $155,000
Software engineers design, develop, test, and maintain software applications and systems that meet the needs and expectations of the users. They use various programming languages and tools to create software solutions that are reliable, secure and user-friendly. They also troubleshoot and debug software issues.
Why is it a high paying job in Toronto?
Software engineers create and improve the software products and services that are essential for various industries and sectors.
Education: Strong technical, logical, and creative skills and often expected to have a bachelor’s degree in computer science, software engineering, or a related field.
Latest tech jobs
7. Senior investment manager
2024 salary range: $135,000 - $155,000
Senior investment managers manage the investment portfolios of individuals, organizations, or institutions, such as pension funds, mutual funds, hedge funds, or banks. They research and analyze the financial markets, trends, and opportunities, and make investment decisions based on the objectives, risk tolerance, and preferences of their clients. They also monitor and evaluate the performance and returns of the investments and provide regular reports and advice to their clients.
Why is it a high paying role?
Investment managers handle large amounts of money and assets and generate income and wealth for their clients. They need to have strong financial, analytical, and mathematical skills, as well as an excellent understanding of the economy, the industry, and the market.
Latest finance jobs
6. Senior DevOps engineer
Average salary range: $120,000 - $180,000
Senior DevOps engineers are responsible for developing and maintaining the software development and delivery processes and infrastructure of an organization. They use various tools and technologies to automate, integrate, and optimize the software development life cycle, from coding and testing to deployment and monitoring.
Why are they paid highly?
Senior DevOps engineers improve the quality, efficiency, and speed of the software development and delivery processes, and enhance the collaboration and communication between the software development and operations teams. They need to have strong technical and problem-solving skills, as well as a deep knowledge of the software development and operations practices.
Education: Employers will be looking for candidates with a bachelor’s degree in computer science, software engineering, or a related field, and several years of experience in DevOps engineering.
Latest tech jobs
5. Chief data officer (CDO)
Average salary range: $190,000 - $265,000
Chief data officers are the leaders of the data and analytics function of an organization, reporting to the chief executive officer. They are responsible for defining and executing the data strategy, vision, and governance of the organization. They also oversee the data architecture, quality, security, and innovation, and ensure that the organization leverages data and analytics to drive business value and competitive advantage.
Why is it a top paying job in Toronto?
Chief Data Officers implement the data-driven transformation and growth of the organization. They require strong data and analytics expertise and leadership skills, as well as a strategic and customer-oriented mindset.
Education: Master’s degree or a PhD in data science, computer science, statistics, or a related field, and several years of experience in senior-level data jobs.
Latest tech jobs
4. Chief operating officer (COO) - Investment Operations
Average salary range: $230,000 - $340,000
Chief operating officers are the second-in-command of an organization, reporting to the chief executive officer. They oversee and manage the day-to-day operations and execution of the organization’s vision, goals, and strategies. They also lead and support the senior management team and ensure alignment and collaboration across different functions and departments.
Why are COOs highly paid?
They are essential for the success and growth of the organization. They require strong leadership and management skills, as well as a broad and deep knowledge of the business and industry.
Education: Master’s degree in business administration, or a related field, and several years of experience in senior-level jobs.
Latest finance jobs
3. Chief legal officer (CLO)
Average salary range: $280,000 - $420,000
Making it to the top 3 best paying jobs, Chief legal officers are the head of the legal department of an organization, reporting to the chief executive officer. They are responsible for providing legal advice and guidance to the senior management team and the board of directors on various matters such as contracts, compliance, litigation, governance, and risk management. They also supervise and manage the legal staff and external counsel, and ensure that the organization follows the applicable laws, regulations, and ethical standards.
Why is this one of the best paying jobs?
They are crucial for the legal protection and reputation of the organization. They require strong legal expertise and leadership skills, as well as a strategic and business-oriented mindset.
Education: They also need to have a law degree and a license to practice law, and several years of experience in senior-level legal jobs.
Latest legal jobs
2. Chief financial officer (CFO)
Average salary range: $250,000 - $450,000
Chief financial officers (CFOs) are the top executives and leaders of the finance department of an organization. They are responsible for developing and implementing the financial vision, strategy, policies, and systems of the organization, and ensuring that they align with the business goals and objectives. They also oversee and manage the financial budget, staff, and resources, and ensure the accuracy, reliability, and compliance of the financial reports and statements.
Why are CFOs highly paid in Toronto?
They are vital for the financial health and stability of the organization. They require strong financial expertise and leadership skills, as well as a strategic and analytical mindset.
Education: Master’s degree in finance, accounting, or a related field, and several years of experience in CFO or similar jobs.
Latest finance jobs
1. Chief executive officer (CEO)
Average salary range: $200,000 - $500,000
Chief executive officers (CEOs) are the highest-ranking executives and leaders of an organization. They are responsible for setting and executing the vision, mission, goals, and strategies of the organization, and ensuring its growth, profitability, and sustainability. They also oversee and direct the overall operations and performance of the organization, and manage the relationships with the board of directors, shareholders, stakeholders, and external parties.
Why is the CEO one of the highest paying jobs?
CEOs have the ultimate authority and accountability for the success and failure of the organization. They need to have strong leadership, strategic, and entrepreneurial skills, as well as a broad knowledge of the industry and the market.
Education: Bachelor’s degree in business, management, or a related field, and several years of experience in senior management jobs.
Wrapping up your job guide
These high paying jobs in Toronto offer not only financial rewards but also opportunities for career advancement and professional fulfillment. Aspiring professionals in accounting and finance, legal, risk & compliance, technology, and operations can set their sights on these jobs for a challenging and rewarding career in one of Canada's most vibrant cities.
Robert Walters is a specialist Toronto recruitment agency, focusing on matching the best candidates with their ideal roles. Explore our latest jobs or contact us today to find out how we can help.
