Find out which jobs in India pay the most, as well as the skills you’ll need to get them.
If you’re wondering which job has the highest salary in India, we’ve got you covered. Here, we outline some of the roles that pay the most, as well as the skills needed to enter these areas.
As we’ll see, there are three key fields: artificial intelligence and machine learning, management, and the medical industry.However, with the onslaught of rapid changes in the world, the situation of the highest paying jobs in India has received a considerable face-lift.
Global pandemic aside, India is a fast-growing economy with an incredibly diverse job market. The range of high-paying jobs in India can almost be comparable to that of any first-world economy. Taking into consideration the population, the rate of economic growth, and recent favorable business policies, there has been a significant change in the way top-paying jobs in India have affected the country’s status in the world economic scenario.
Young adults and millenials looking to choose their careers have a diverse list of options to choose from. Read on to learn how you can land yourself among the highest-paying jobs in India.
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The current job market in India
Updated educational courses and highly paid jobs in India seem to have a solid connection to each other. Landing the best-paying jobs requires more than just a degree from a good university. Going beyond the constraints of offline education, remote educational courses have come to the rescue of professionals that wish to supercharge one’s credentials to land the job of your dreams.
Furthermore, access to the best-paying jobs in India has always been full of competition. Considering the massive human resources available, the race to find the highest-paid jobs in India with a salary is an intense competition that many young adults find themselves in.
It also seems like the gap between the unorganised, unsalaried sector of the job market in India is reducing slowly. Advances in technology have created a scenario where careers are constantly growing and flourishing, offering employees greater rewards in the long run. It does a lot of good to gain a fresh update on how the job market will pay its future employees.
What are the highest salary jobs in India?
Understanding the Indian job market is key to figuring out the highest-paying jobs in India. The criteria for the top jobs in the country range from educational qualifications, foreseeable payscale, and the Industry it comes from. After compiling all of these critical points, we present to you a list of the highest salary jobs in India.
1. Machine learning professionals
As the most up-and-coming field, artificial intelligence and machine learning development are paying the big bucks to their professionals. Starter level salaries can range from anywhere between 6-7 Lakhs per annum. For much more experienced employees, it can reach nearly two crores.
The exclusivity of the machine learning world ensures a sure shot spot among the highest paying jobs in India. Since it is a very self-sufficient field that depends on self-learning systems, people interested in this field are required to possess a high level of educational qualification.
A basic Bachelor’s of Engineering or a Bachelor’s of Technology in Computer Science, in addition to a strong knowledge of statistical computer languages, is sure to give you a strong start in this field.
2. Medical fraternity
It shouldn’t come as a surprise to note that the medical field ranks among the highest salaried jobs in India. With the starting salaries of surgeons and established doctors ranging from 10-11 lakhs per annum, professionals in the medical field are undoubtedly among the people that are consistently paid the most.
More often than not, a minimum requirement of a Bachelor’s of Medicine and a Bachelor’s of Surgery (an M.B.B.S.) from a Medical Council of India-approved Institute is expected. Specialisations in the form of Doctor of Medicine (M.D.) or Administrative niches can guarantee a higher salary band.
3. Chartered accountancy
No matter what field anyone chooses to make a career out of, money management remains a constant requirement across the board. When people specialise in giving financial advice for a living, they often rank among the highest salary jobs in India.
Specialising as a chartered accountant involves passing the extremely challenging Chartered Accountancy exam conducted bi-annually by the I.C.A. With starting salaries ranging anywhere between 7-8 Lakhs Per Annum, being a chartered accountant often pays extremely well.
4. Data science
Next in our list is the field of data science. As the most valuable currency of the digital age, data has become the primary driving force of the global economic scene. People who know how to manage, control, and filter data are highly appreciated and often find themselves among the top-paying jobs in India.
Having a primary Bachelor’s of Technology or a Bachelor’s of Engineering in either computer science or information technology is a must to enter this field. Completing a Master’s in Data Science will also be helpful. Those with the right qualifications can secure a starting salary that can range anywhere between 5 – 11 Lakhs per annum.
An additional understanding of business management, consumer psychology, and complex algorithms are other crucial skills in this area.
5. Digital marketing managers
The role of marketing manager is another high paying job in India and one which demands a wide range of responsibilities. Their primary job description includes working with maintaining and improving the brand image of the company, aligning fresh creative ideas, implementing business strategies and managing product development teams efficiently.
To pursue a career in management, there are several routes you can take in terms of education and experience. However, completion of a Master’s in Business Administration from a recognized university will secure a starting salary ranging anywhere from 4 – 7 Lakhs per annum.
6. Blockchain development
Considering how valuable blockchain is, it is all the more surprising how little the general population knows about its workings. The apparent gap between the demand and supply of skills in this area makes it a very lucrative industry in and of itself.
People who are well-versed with the workings of blockchain technology and are involved in blockchain development easily rank among the highest salary jobs in India. Experienced veterans in this profession may earn about 45 Lakhs Per Annum.
To land a job in blockchain development, you’ll need the right skills and experience. Qualifications in computer science and information technology are desirable. Additional coding experience can help you get started in your career.
7. Investment banking
As it is in many countries worldwide, investment banking is one of the highest-paid jobs in India. Since it deals with guiding clients to invest their money wisely, there is a significant demand for those with skills in wealth management.
Beginners in this career can earn anything between 4 – 10 Lakhs per annum. To secure a position in this industry, you’ll need to have completed your Bachelor’s degree in economics, mathematics, statistics, or finance, or business. Furthermore, investing in a Master’s degree will help you stand out from the crowd.
What does the future hold?
It is always hard to predict what the future of the Indian job market will hold at any point in time. Multiple factors like economic policies, political scenarios, and technological advancements dictate the best paying jobs in India. However, through careful observations and foreseeable patterns, it seems like there are a few industries that will generally persist.
Marketing and management positions will likely be a constant requirement and will generally command a higher salary. Additionally, professionals entering the technology field – be it artificial intelligence, machine learning, or data science, will definitely continue to prove their value. Finally, no matter how technologically advanced, the medical field will continue to require the invaluable assistance of the human touch for patient treatment.
As we predicted earlier, it is difficult to accurately foresee the trajectory of the highest salary jobs in India. Choosing a lucrative career can be quite a challenge for young adults beginning their professional pursuit in the near future. One of the best ways to stay ahead of the field is to find a position that constantly challenges you to learn more and develop your skills.