Working as an Mechanical Engineer in Canada | Randstad Canada (2024)

According to Job Bank, the average salary of a VP finance (large enterprise) is $130,870 per year. In an entry-level position, your salary starts at $90,756 annually, while experienced VP finance (large enterprise) take home over $196,772 yearly.

what factors affect the salary of a VP finance (large enterprise)?

As a VP finance (large enterprise), your earnings depend on your position in the company and the responsibilities involved. In large organizations, VPs finance (large enterprise) are in charge of substantial resources. You could be the VP finance (large enterprise) of one division or supervise the financial resources of the entire company. When you are the chief finance manager, you earn more due to the complexity of your duties. Holding an executive position also comes with additional benefits that boost your earnings.

The industry you work in also influences your earnings. When you work in the government sector, your salary depends on your responsibilities and the size of the institutions you manage. VPs finance (large enterprise) in the private sector generally earn higher salaries.

Your salary is also based on your educational qualifications and work experience. As an assistant finance manager, you earn a lower salary, which improves as you gain experience. Improving your qualifications with professional certifications also increases your earning potential.

Working as an Mechanical Engineer in Canada | Randstad Canada (2024)

FAQs

Working as an Mechanical Engineer in Canada | Randstad Canada? ›

Working as a mechanical engineer is a lucrative career in Canada due to the high demand for the role. You have multiple areas of specialization, which expands your career growth opportunities. You can work in various industries and gain additional skills.

Are mechanical engineers in demand in Canada? ›

There is a tremendous scope of job vacancies in Canada for mechanical engineers. The “Canadian Association of Professional Engineers” states that there are 15,000 job opportunities in Canada for mechanical engineers whereas only 10,000 can fill them.

Is Canada a good country for mechanical engineering? ›

Canada is another country with numerous high-paying job opportunities for mechanical engineers. Over the last few years, the demand for skilled mechanical engineers has increased with the innovations in clean energy and advanced transportation technologies.

Which city in Canada is best for mechanical engineers? ›

Highest paying cities for Mechanical Engineers near Canada
  • Edmonton, AB. $111,298 per year. 43 salaries reported.
  • Saskatoon, SK. $103,843 per year. 7 salaries reported.
  • Calgary, AB. $97,878 per year. 56 salaries reported.
  • Vancouver, BC. $92,136 per year. 45 salaries reported.
  • Toronto, ON. $88,635 per year. ...
  • Show more nearby cities.

Do mechanical engineers make a lot of money in Canada? ›

How much money would a mechanical engineer make in Canada? - Quora. Depending on age and experience, from CAD 70,000 to CAD 150,000. This is a GOOD income, Median income for all working persons in Canada is CAD 33,000. Combined median income for all families is CAD 73,000.

What is the basic salary of mechanical engineer in Canada? ›

The average mechanical engineer salary in Canada is $122,091 per year or $62.61 per hour. Entry-level positions start at $77,522 per year, while most experienced workers make up to $125,846 per year.

Which country has highest demand for mechanical engineers? ›

The countries with the highest demand for Mechanical Engineers are China, the United States of America, Germany, and France. These countries have a high demand for this profession because they need them to design and build machinery and other equipment for their businesses.

Which state is best for Mechanical Engineering jobs in Canada? ›

Mechanical engineers Job Trends in Canada; 2024-25
  • British Columbia offers the highest pay of CAD 120,805 per year for mechanical engineers.
  • The average salary for a mechanical engineers is CAD 96,091 per year.
  • Mechanical engineers can migrate to Canada through 11 pathways.
  • Work 35 – 40 hours a week.

How can I work as a Mechanical Engineer in Canada? ›

To be a mechanical engineer in Canada, pursue a bachelor's degree in mechanical engineering. The degree program should be accredited to get a practising licence. To specialize in a particular area, you should get a master's degree and a doctorate.

Where do mechanical engineers get paid the most? ›

Find high-paying industries: Some of the highest-paying industries for mechanical engineers are pharmaceuticals, aeronautics and nanotechnology. These industries are usually competitive, so it's important to have a compelling resume to impress hiring managers.

Can I move to Canada as a mechanical engineer? ›

Mechanical engineers can work full-time either by starting their own business or working under a Canadian employer. There are various chances & opportunities available for working either part-time or full-time. In addition, you have multiple areas of specialization, which enhances your career growth opportunities.

Which province in Canada needs mechanical engineers? ›

When planning to migrate to Canada as an engineer it is best that you have a professional engineering license in Canada and places like Alberta and Ontario are most suitable for Mechanical Engineers as these provinces provide immense growth prospects to the candidate.

How much does a mechanical engineer make in Ontario? ›

Mechanical Engineer Salaries in Ontario

The average salary for Mechanical Engineer is $83,000 per year in the Ontario.

Why Canada is best for Mechanical Engineering? ›

Research Hub. Canadian Universities are known for their top-notch research activities. Engineering programs such as Mechanical, Electrical, and Electronics involves curriculum to do many pieces of research, and international students get an opportunity to put their hands in fascinating projects and experiments.

How much do mechanical engineers make in Canada 5 years experience? ›

Recent salaries shared for Mechanical Engineer
Job title LocationTotal Base | AdditionalYears of Experience
Mechanical Engineer Canada$110K /yr $110K | $015+ Years
Mechanical Engineer Canada$80K /yr $80K | $04-6 Years
Mechanical Designer Canada$25 /hr $25 | $01-3 Years
Mechanical Engineer Canada$117K /yr $117K | $01-3 Years
1 more row

Which company gives the highest salary to mechanical engineers in Canada? ›

Which company gives the highest salary to mechanical engineers in Canada? Suncor, Shell, and TC Energy are among a few of the highest payers to mechanical engineers in Canada.

Which engineer is most in demand in Canada? ›

the most in-demand engineering jobs in canada in 2024
  1. mechanical engineering. ...
  2. electrical engineering technicians. ...
  3. estimators. ...
  4. service technicians. ...
  5. civil engineering. ...
  6. project engineers. ...
  7. structural engineers. ...
  8. process engineers.
Jan 3, 2024

Are mechanics in high demand in Canada? ›

Canada's auto care sector has long been a cornerstone of the country's economy, providing essential services to keep Canadians on the move. However, the industry has faced a growing challenge in recent years—a significant skills shortage. The shortage of automotive service technicians has doubled between 2021 and 2022.

Is there a shortage of engineers in Canada? ›

Engineers are in demand throughout most provinces, especially British Columbia, Alberta, Manitoba, Ontario and Quebec. According to a labour market report, Canada's economy needed to fill more than 44,000 engineering jobs between 2020 and 2024, spanning 14 different fields.

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