Average Salary in Australia by Industry

If you’re planning to migrate to Australia especially as a skilled immigrant, the first thing that in mind is what kind of job that you can get there and what is the average salary. Table below shows the average salary in Australia by different industries:

Industry	AUD / Year
Accountant	85,944
Engineering	128,589
IT & Telecommunication	100,572
Marketing	89,904
Admin / Office Support	54,037
Mining, Oil & Gas	155,860
Human Resources & Recruitment	89,386
Manufacturing	84,712
Construction, Building & Architecture	122, 055
Education & Training	64,824

The top 3 highest income industries are, Mining/Oil & Gas, Engineering and Construction/Building & Architecture. Engineering is the second highest income among all the industry! This seems to be a good news to me but it is not really (in case you do not know, I’m in Engineering field). This is because when you look into more details of “Engineering field” job opportunity that you can find in Australia, almost none of them are related to semi-conductor field (which is my exact field in engineering). So, this doesn’t look good to me. If you have friends who work on any semi-conductor field in Australia, I appreciate you can share me the information. :)

Interestingly, IT & Telecommunication is at the fourth place. No wonder the immigration agents got back to me with all kind of IT related questions. Unfortunately,  I do not have the real IT experiences too. If I really need to get a job there, it seems like I need to really expand my skill sets beyond my existing industry either by self-learning or changing my career now within Malaysia to other industry. However, not all experiences can be learned through self-learning. Change to other industry? I may need to think twice because all my existing experiences in my current industry will be all wasted.

As you can see, there are challenges to migrate to another country. It is not as easy as I thought unless I have plenty of cash but that is not considered as skilled immigrant already. It is more like migration with “Money”! – means the country wants you not because of your skills but your money.  This may be a better route for me but the challenge is I will need to make sure that the cash is enough for me to retire there and it is still better I can get a job there. Or else I feel like a useless guy there.

Just a piece of information to share with you guys since researching in migration to Australia in one of my 2012 resolutions…

Why Indonesia is identified as N-11 and G-20?

I read this from personal finance magazine and I think it is worth to share it here about Indonesia facts and figures. This probably explains why Indonesia is being selected as part of the N-11 and G-20?

In case you do not know, N-11 stands for Next Eleven are eleven countries (i.e. Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam) that are being selected by Goldman Sachs investment bank as having a high potential of becoming the world’s largest economies in 21st century. See N-11 in Wikipedia.

Similar to N-11, G-20 stands for group of 20 countries which represent the 80% of the world economy and is believed will be replacing the G8 – Group of Eight major economy countries (i.e. Canada, France, Germany, Italy, Japan, United Kingdom, United States). See G-20 and G8 in Wikipedia.

Please don’t feel sad if your country is not being selected (e.g Malaysia). :D


Indonesia Facts and Figures

Indicators	2005 (%)	2006 (%)	2007 (%)	2008 (%)	2009 (%)	2010 (%)
Economic growth	5.70	5.50	6.30	6.20	4.50	6.10
Inflation	17.10	6.60	6.70	11.10	2.78	6.96
Exchange rate (IDR/USD)	9,713	9,050	9,130	9,691	9,400	8,991
Unemployment Rate	11.2	10.3	9.1	8.3	8.4	7.14
Poverty rate	16.0	17.80	16.60	15.40	14.15	12.13

Source: Coordinating Ministry for Economic Affairs, Indonesia, and Central Bureau of Statistics
 
The only one key highlight here in my opinion (although the magazine highlight a lot of them) is the Indonesia Economy growth is not affected by the global recession of 2008/2009. If you look at the GDP growth rate in Malaysia, we were having recession during that time. From this perspective, Indonesia is pretty strong.

However, if you look the Indonesian unit trusts in Malaysia, not all of them are making money except for PB Indonesia Balanced and Public Indonesia Select funds from public mutual.

Pure Indonesian Funds	6 months return (%)	1 Year Return ended in Dec 9, 2011 (%)
MAAKL Indonesia Equity	-5.93	-7.70
OSK-UOB Indonesia Equity Growth	-3.04	N/A
PB Indonesia Balanced	3.17	8.91
Public Indonesia Select	2.75	7.96
PRIndonesia Equity	-5.72	N/A

Source: Personal Money (February Edition)

This probably tells you that you should buy from the largest unit trust company in Malaysia or it is too early to tell anything now since unit trust is merely for long term investment. I used to have the Public Indonesia Select fund but I have already sold most of them as the return is not as good as the rest. Perhaps I should invest again in this fund?

My take whether we should invest in Indonesia? Yes, let's go for it. Investing in unit trust is a good start. What is your take?