Top 10 Highest Paid Jobs In India
Though a career cannot be defined in terms of salary or monetary but a well-paid job is a major attraction for many of us. We all invest many years of our life in education to have a secure and promising career that not only offers us stability but also offers growth and opportunities to get high salary packages. There are many career fields that are highly paid. Still, it is important to keep in mind that different industries and organizations pay on their own benchmarks and high salaries also depend on the educational qualifications, skills, and years of experience one holds. The job market in India has undergone a progressive change while choosing careers like engineering, architects, and doctors are still popular and relevant. Still, now there are a lot more different options available to pursue your career goals. While choosing a career, we all strive for a high quality of life and secure life that is possible through financial stability and growth. India is a country of young people, and many of them are students who are confused as to what career choices suit best for their long-term goal, and money is a great motivator in taking such decisions. So, here is the list of the top 10 highest-paid jobs in India.
1. Data Scientist
As we all know, there is a lot of development in the technological sector, which is why there is rapid advancement in the job profiles that are technology-based. Everything in today's world is data-based, and people who have knowledge and expertise in managing data get rewards in terms of the highest salary packages. Since 2013 this career has seen 300% demand. Data scientists are basically analytical experts who find the trends and manage data. They create customized statistical and algorithms based on end-user behaviour. This job field offers salaries ranging from 4 lakh to 12 lakh per annum to experts that are certified, and professionals who have work experience of at least 5 years can get salaries upto 60 - 70 lakh per annum.
The educational qualifications for being a data scientist requires B.Tech/BE and additional knowledge of basic programming language like Python, SQL, etc.
2. Medical Professionals ( Doctors & Surgeons)
Someone who loves science has one of the best options to choose a career in the medical field. Choosing a career in healthcare involves many different profiles and disciplines that are equally important but are not equally rewarding in terms of salary. Doctors and Surgeons have the highest salaries in this field, around 10 lakh per annum. According to the available sources, fresh postgraduate surgeons are paid 11 to 12 lakh per annum.
The Educational Qualifications requires a degree of MBBS from an institute that is recognized by the MCI (Medical Council of India). For Post Graduate specialization, candidates can choose among the diverse medical range like Orthopaedic, Surgery, Psychiatry, and Cardiologist, etc. There are many top-level hospitals in India that recruit like AIIMS, Fortis, Apollo, Max, etc.
3. Machine Learning Expert
This job is among one of the promising and highest-paid jobs in India. Machine Learning professionals build self-learning systems by applying AI (Artificial Intelligence) so that it improves on their own without any programming, just like human brains. Bangalore, the Silicon Valley of India, is a hub for professionals in machine learning with a huge number of openings. The second-best option for these professionals in Delhi/NCR. At the entry-level, the average salary is 5 to 7 lakh per annum, and with experience, it rises upto ₹19,48,000 per annum. The educational qualifications for this field are B.Tech/BE in Computer Science, Mathematics, Statistics, or Information Technology.
4. Commercial Pilot
If you are someone who doesn't like to work in a traditional setup of an office and also a wanderlust, then this profession is definitely for you. Working as a pilot has its own perks and advantages, especially if you are a commercial pilot in some leading aviation company. Your office space will be 40ft in the sky in your cockpit, viewing the beauty of the sky, traveling to different destinations within and outside the country, and enjoying the best world has to offer. In addition to flying an aircraft, pilots must ensure all flight operations are done safely, like complying with aviation regulations, pre-flight checks, etc. Candidates who want to build a career as a pilot need to have PCM as their stream in class 11th and 12th. After the 12th, you can get admission to any government-recognized flying institute to get your CPL (Commercial Pilot License). There are many aviation companies in India that offer packages starting from 15 lakh per annum as the first officer and going upto ₹ 48-60 lakh as a Captain.
5. Product Manager
It is one of the most promising career options. Though there are different sectors and departments for product managers, the software product manager is the most lucrative one who manages the development of software products. There are various responsibilities of product manager such as ensuring coordination between different teams for the best performance of the product, making business plans to optimize the development of products, eliminating if there is an issue and they also have to work with the marketing department of the company so that they can present their product to customers accurately. A candidate who aspires to build a career in this field needs to have an undergraduate degree in Computer Science (software product manager), a bachelor's in Management, or related fields like economics, marketing, etc. Having industry certification, additional knowledge of certain software, and previous experiences is an added bonus. The average salary of a product manager is 17 to 26 lakh per annum.
6. Investment Banker
It is one of the highest-paid careers not only in India but around the world. The role of an investment banker is to guide its client to invest money to acquire higher returns wisely. The client of an investment banker can be a firm, or it can be a bank. They also help to conduct research, help with acquisition and mergers, and can also act as financial advisors to corporate organizations. Someone who aspires to be an investment banker can pursue finance or banking courses. They can also do MBA in Finance or a certified Financial Analyst. They also need strong analytical skills, expertise in statistics, and good communication skills. Investment bankers with some experience earn up to ₹30 lakh per annum, and it can go up to ₹90 lakh per annum.
7. Management Consultant
This field is growing rapidly with a compound annual growth rate (CAGR) of 30%, and hence it also offers exponential career growth. A management consultant has to help companies to improve and solve problems and maximize growth. This job profile is also concerned with functional expertise in areas like structure, governance, reorganization, strategic leadership, risk management, strategy and operations of the company, etc. Anyone who is aspiring to build a career in this field should essentially have an undergraduate or postgraduate degree in a business discipline. Those who have specialization in Finance, Economics, or Accounting can also become management consultants through some specialized course. The average salary of a fresher in this field is ₹ 11,87,585 per annual, and with a few years of experience, it goes upto ₹ 23 lakh per annum and above.
8. Charted Accountant
CA is a profession related to auditing financial statements, maintaining tax returns, accounting, assessments of finance for firms or individuals, and maintaining records of investment. It is a designation that is given to an accounting professional who has received certification from a statutory body of ICAI (Institute of Charted Accountants of India). There is a huge shortage and high demand for this profession which makes it one of the most lucrative jobs. All the firms and corporations, whether small or large, need a charted accountant. Charted accountants are also hired by companies like BHEL, Standard Chartered, and Citibank, etc. A candidate who wishes to build a career in this field must have at least 50% aggregate in class 12th and should pass three levels of exam CA Foundation, CA Intermediate, and CA Final. Candidates can also opt for a direct route for this course if they are commerce graduates with a minimum of 55% aggregate and 60% aggregate for non-commerce graduates. The average salary of a fresher is ₹ 8,04,292 per annum and, with experience, can go up to ₹ 20 lakh and above.
9. Business Manager
It is one of the most in-demand job profiles. There are many companies that want talented individuals who are apt for this job profile. A Business or Office Manager is a person who is responsible for managing business operations and business affairs of an organization, individual, or company and ensures that operations are running smoothly. There are many tasks one has to do as a business manager, like delegating tasks, executing plans, coordinating teams, and departments, etc. A Bachelor's degree in business studies or accounting or an MBA from a reputed institution or university is also highly beneficial. The current average salary for a business manager is ₹ 8,75,184 per annum, which can go up to ₹ 30 lakh per annum and above with experience.
10. Blockchain Developer
Demand for this job profile is skyrocketing. There is a significant and huge gap between the demand and supply that ensures a handsome salary from the company. The role of a blockchain developer is to optimize and develop blockchain protocols, using blockchain technology to develop smart contracts and web apps and crafting the architecture of the blockchain system. This career is redefining currency transactions, data security and handling, and internet connectivity and increasing speed, accuracy, transparency while reducing cost.
The educational qualifications one requires to become a blockchain developer are B.Tech/BE in Computer Science, Statistics, Mathematics, Information Technology, and coding experience in Python, C++, and other desirable languages. The average salary of a fresher is ₹ 8 lakh per annum, and with experience, can earn up to ₹ 45 lakh per annum and above.