We will discuss the highest paying jobs in India and why they are in the demand?
It's quite hard to land a job with handsome pay along with job security for most of the students in India. To get high paying jobs, it's important to have the required qualifications and eligibility for the job.
Below is the list of 13 popular high paying jobs in India:-
1. Civil Services
Civil services are one of the respectable professions in India. It is also regarded as the sought career option of Indian youth. The job of a civil servant holds massive responsibility along with attractive pay, job security and various other useful benefits
The average salary package of an IFS/IAS/IPS starts from Rs 56,000 to Rs 2,50,000 with benefits such as House Rent Allowance (HRA) and Dearness Allowance Travel Allowance
2. Investment Bankers
The other name of investment bankers is money men. The job profile of an investment banker is regarded as versatile worldwide. They are corporate financial advisors having a strong association with a bank or a financial institution working to increase capital/finances for corporations, government and any other entities. They also offer suggestions and financial advice to the clients in many transactions.
They earn around 9 lakhs per annum at an entry-level job.
3. Data Scientist
The development of science has taken exponentially over the recent years in India. This is mostly because India has experienced massive technological growth as well as advancements in the past few years. As per the data in 2020, it is accounted that India had seen a rise of around 62% in Data Science. That's why data scientists are highly demanded, earning 6 to 8 lakhs per annum.
4. Commercial Pilot
This is a dream job of many because it's only the highest-paid job across the world but also one of the most glamorous jobs. The ones who wish to be a part of the aviation industry and have dreamt of travelling to various parts of the world choose this as a career.
Along with a handsome pay of around Rs 12 to 15 lakhs per month, a commercial pilot also gets various other benefits such as bonuses and profit-sharing.
5. Chartered Accountant
This profession tops the priority of every dedicated commerce student. It is recognized as the most demanding profession having a wide scope worldwide. Although this exam is also counted as one of the toughest exams in the world. Clearing and securing this profession is not an easy job.
The job of a CA is to deal and maintain matters related to accounting or any other industry or business such as auditing, taxation, filing, financial advisory etc. CA earns around 7 to 10 lakhs per annum in India.
6. Medical Professionals
The field of medicine is regarded as a traditional career option and one of the highest-paid industries in the country. Medical professionals such as surgeons, doctors and general practitioners are rewarded with handsome compensation for the services they provide.
The average pay of a doctor or surgeon ranges from 10 lakhs to 15 lakhs and even crores for experienced surgeons and doctors.
7. Scientists
The individuals who are encapsulated by the world of science and have a great interest in this field prepare for being a scientist. The job profile of a scientist is very interesting and highly reputable. It also offers a whopping sum as a salary package. The average package of a scientist starts from 6 lakhs ranging to 20 lakhs per annum with other benefits.
8. Business Analyst
The work of a business analyst is bridging the gap between technology and a business domain with the use of data analytics. It considers the ever-changing requirement of the business for attaining organizational profitability and sustainability.
The salary of a business analyst is wholesome because of the kind of value they add to any business or organization. They take approximately 6 to 10 lakhs depending upon the role in the company.
9. Software Product Manager
Software Product Manager is termed as the most lucrative career opportunity currently. The responsibilities include establishing coordination between several teams for ensuring the best performance of the product, creation of business plans for optimizing the development of the product followed by elimination of any kind of issues.
Moreover, they work with the marketing team for presenting the products to the respective customers. They charge 10 lakhs to 15 lakhs per annum for their services.
10. Machine learning
The experts of artificial intelligence and machine learning help a lot of companies to make data-driven decisions to foster the growth of any organization. The demand for such engineers is at its peak nowadays. The greater is also because of the emergence of digitalization in the world.
The use of technology serves its best in a wide number of sectors like transportation, retail, education and healthcare to offer various fields for such individuals to provide their services. The salary package starts from Rs 7 lakhs per annum.
11. Business Manager
A wide range of companies is looking to hire talented individuals to take care of the responsibility to ensure the operations of a company are running properly and smoothly.
Tasks such as execution of plans, organization of workflow, delegation of tasks to supervisors, coordinating different departments and teams are integral parts of the responsibilities of a business manager.
They also take care of the expenses incurred by the management along with drafting reports based on the performance of the company. They earn 8 to 10 lakhs per annum.
12. Solutions Architect
Building and planning new systems for the smooth running of a business to identify problems and find its required solutions is their topmost priority in the whole job. The professionals work to implement, create and design numerous arrangements within a company or a business.
A solutions architect plays a key role in converting the goals and objectives of a business into practical and actionable steps. Their salary package opens around 19 lakh per annum and the freshers make 5 lakh per annum.
13. Stock Brokers
There are two popular stock exchanges in India named Bombay Stock Exchange and National Stock Exchange. Stock trading is done through stock brokers. The execution of lakhs and crores transactions takes place daily by the brokers on the part of their investors into the stock exchange.
A broker gets a fixed amount of commission on every purchase and sale of stocks. The journey of stockbrokers could be started by clearing several exams set by the authorities. After qualifying for the exams, a stockbroker is free to register themselves in any trading firm and make commissions from it.
A stockbroker earns around 18 to 20 lakhs per annum.
Conclusion:-
India is a wide country with a vast population. There is a wide range of opportunities for a skilled workforce. The demand for a skilled workforce is always upscale as per the conditions of the market.
Organizations or Placement Consultants are ready to pay any amount if they are satisfied with your services and qualifications for the job. Youth are free to focus on any kind of career stream while having the required experience, skillset and education. Once a basic requirement of the job is fulfilled by the person, he would get the desired salary.
