How much money does an Optometrist make in Australia? Show
Average Yearly Salary 207,000 AUD ( 17,300 AUD monthly) LOW A person working as an Optometrist in Australia typically earns around 207,000 AUD per year. Salaries range from 97,400 AUD (lowest) to 327,000 AUD (highest). This is the average yearly salary including housing, transport, and other benefits. Optometrist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria. Optometrist Salary Distribution in AustraliaOptometrist Salary Comparison by Years of ExperienceHow does experience and age affect your pay?Optometrist Salary Comparison By GenderIn this article, we will look at the average Optometrist salary for 2022 in Australia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more! The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information. All salary information is in the local currency, which is the Australian dollar. To keep things simple, we are using the AUD currency code instead of the currency symbol $. How Much Does an Optometrist Make in Australia?An Optometrist working in Australia will typically earn around 206,700 AUD per year, and this can range from the lowest average salary of about 97,100 AUD to the highest average salary of 326,600 AUD. Average Annual Salary 206,700 AUD Average Monthly Salary 17,225 AUD Lowest Annual Salary 97,100 AUD Lowest Monthly Salary 8,091 AUD Highest Annual Salary 326,600 AUD Highest Monthly Salary 27,216 AUD These are average salaries for an Optometrist in Australia and include benefits such as housing and transport. It's also possible for an Optometrist to earn more or less than the average salaries shown above. Optometrist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas. Distribution of Optometrist Salaries in AustraliaSo we've looked at the average salaries an Optometrist will earn in Australia. The next interesting data point is the distribution of salaries. Salary rangesWe already know that an Optometrist can earn between 97,100 AUD and 326,600 AUD on average in Australia. This is known as the range in statistics. The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn. Median salaryThe median salary for an Optometrist in Australia is 218,100 AUD. This is the middle value in the distribution of salaries. What this means is that approximately 50% of the population earn less than 218,100 AUD, and 50% of the population earn more than 218,100 AUD. If you are earning more than the median salary, that's a good indicator that you are being paid well. If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc). PercentilesPercentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution. For the average Optometrist salary in Australia, 25% of the population are earning less than 142,300 AUD while 75% of the population earn more than 142,300 AUD. 75% of the population earn less than 288,900 AUD, and 25% of the population earn more than 288,900 AUD. Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location. The difference between a median and an average salaryThe median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
Optometrist Salary by Experience Level in AustraliaThe most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage. We have researched the average optometrist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
Average Salary by Experience Chart
Optometrist Salary by Education Level in AustraliaAs well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary? In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level. The salary you can earn based on your education is very specific to both your location and the career path you choose. The data we have below is combined across all professions. To view the most accurate data possible, you can select a specific job from the list below. Employees that have earned a certificate or diploma from a post-secondary program can expect to earn approximately 17% more than those who only completed high school level. If you have a bachelor's degree, you can expect to earn approximately 25% more than those who only completed to a certificate or diploma level. For professionals reaching the master's degree level, your salary would be around 30% higher than those with a bachelor's degree. If you are able to achieve a PhD, you can expect to earn approximately 22% more than those with a master's degree for the same job role. How Much is a Master's Degree or MBA Program?The approximate cost of a master's degree or post-graduate program like an MBA in Australia is around 37,800 to 114,000 AUD and takes two years to complete. As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree. It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company. Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive. Optometrist Salary Compared by GenderIn the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job. In Australia, a male optometrist will earn an average of 211,200 AUD, while a female optometrist will earn around 201,000 AUD. This means that a male optometrist earns approximately 5% more than a female optometrist for performing the same job. Average Salary by Gender Chart in Australia
Optometrist Average Pay Raise in AustraliaIn many countries, an annual pay raise is often given to employees to reward their service with a salary increase. From our research, we can see that the average pay raise for an Optometrist in Australia is around 13% every 15 months. The national average pay raise across all professions and industries in Australia is around 8% every 16 months. In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months. To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula: Annual Increase = ( Increase Rate ÷ Months ) × 12 So for this example, it would be: Annual Increase = ( 13 ÷ 15 ) × 12 = 10% What this means is that an Optometrist in Australia can expect to receive an average pay raise of around 10% every 12 months. Annual Pay Raise by Industry in Australia for 2022In the chart below, you can see the average annual pay raise percentages for each of the major industries in Australia. You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Optometrist Bonus and Incentive Rates in AustraliaAnother part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates. Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals. An Optometrist is a high bonus based job, with 87% of employees reporting at least one bonus in the last 12 months. 13% reported that they had not received any bonuses in the previous 12 months. For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.
What are the Types of Bonus?There are a number of difference types of bonus you can receive in a job. Including:
Government vs Private Sector SalariesAnother commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector. Public sector employees in Australia earn approximately 5% more than private sector employees in the same role.
Salaries for Jobs Similar to an OptometristIn the table below, we have salary information for jobs that are similar to an Optometrist in Australia.
Salary Comparison by CityIf you want to compare salaries with different cities in Australia, you can use the links below to explore the data for each specific city we have researched.
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Are Optometrists in demand in Australia?In 2018, a report by Deloitte Access Economics was commissioned by Specsavers which investigated the supply and demand of Australia's optometric workforce until 2037. The report outlined that the demand for optometric services would grow from 9.4 million in 2018 to almost 18.1 million by 2037.
Is optometry a good career in Australia?Optometry is an extremely rewarding career choice that we encourage you to consider. We believe that a career in optometry and the vision sciences will provide you with immense satisfaction as you will play a key role in helping individuals and communities to protect and care for their eye health and vision.
Where do optometrist get paid the most?West Virginia has a median salary of $175,120 and North Carolina has the highest median salary among all 50 states for optometrists.
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1. West Virginia.. How long does it take to become an optometrist in Australia?In Australia the optometry degree is generally 4 years when you are entering as a university graduate. Following on from an undergraduate degree that is at least 3 years, this pathway takes at least 7 years.
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