Top 11 Highest Paying Jobs in India 2020

India is one of the world’s largest democracies and it houses the world’s second-largest population. In the same way, India is also one of the biggest nations that educate and delivers a large number of people. There was a time when a majority of the people who get educated in India could not find an appropriate job nor could get an appropriate salary for the work they do. However, with time, things have changed, today the employment rate has increased and the salary these employed people receive has increased. Nevertheless, note this, unemployment is a major issue in India even today.

The education system in India is not a perfect one, however, the employment sectors are challenging and at the same time, helps the employees gain knowledge and experience. Let us be honest, as of now, the major factor that motivates Indian people in selecting a particular career path is money alone.

There is one thing that most of the educated fresher’s in India fail to realize while selecting a career path, the salaries in all the Indian industry is not only based on the educational qualification, but in a huge way on the experience, knowledge, and the performance of the applicant or employee. Therefore, if you are a fresher or a person who is hunting for a job then, I urge you to consider these facts and select a career path accordingly. With all these things shared, here is the list of 10 highest paying jobs in India today.

1. Investment Banker 

Most of the people out there today believe investment banking that is not a career that everyone could peruse; it is not true. Anyone can peruse this career, however, the success will be based on the skill, knowledge, and the experience the applicant possesses.

Investment banking is somewhat a complicated career, but the salary package can give a shock. If you are a person who is interested in working in financial institutions that deal with capital for governments, private companies, and other entities, then investment banking is the best choice for you. The main aim of an investment banker is to manage huge capital, facilitate, deal, and help with acquisitions and mergers. The functions of an investment banker also involve multiplying the investment of an investor in a given period, raising capital for corporations, governments, and other entities. An investment banker will also have to analyze the risk of investing in certain firms based on the customer’s request and make sure they do not lose the money.

Educational qualification and Skills 

  • Bachelors or Graduate degree in business administration or any related finances
  • MBA
  • CA
  • An interest in mathematics, especially in statistics and calculus
  • An interest in financial management

Salary package 

  • For Fresher’s – INR 15 lakhs per annum
  • For Intermediate – INR 35 lakhs per annum
  • For Experienced – INR 60 lakhs per annum

2. Data Scientist 

Pilot, banking, engineering, jobs have been there for a very long time, but, data scientist career is relatively new and most of the people do not have an idea on what exactly the job refers to. This job vacancy over the past 4 or 5 years has gained very high importance on the Indian, as well as, international market.

The role of a data scientist is to organize and manage the massive amount of data that an organization holds. His/her job functions include procuring actionable insights from the collected data and provide the customer, in order to make a business decision to improve customer relationship and to increase profit.

As of 2019, there is a 40% increase in the demand for Data scientist and this is approximately 300% more than what was in the year 2010. This is because of the reason that most of the data is available with ease as the role of social media and the internet has increased over the years.

Educational qualification and skills 

  • Bachelors degree in engineering or any other course
  • Programming knowledge
  • High knowledge in consumer psychology
  • Skills and interest in working with complex formulas

Salary package 

  • For Fresher’s – INR 14 lakhs per annum
  • For Intermediate – INR 30 lakhs per annum
  • For Experienced – INR 50 lakhs per annum

3. Commercial Pilot 

As young kids, most of them dream of becoming a pilot, but when they grow up most of the youngsters gives up this dream. However, if you are a person who still has a wish to choose a career as a commercial pilot, then you should know that apart from being an adventurous profession, becoming a commercial pilot earns you a lot of money.

Becoming a commercial pilot or a pilot is not an easy task; it requires ambition, skills, knowledge, and very high training to become a pilot. While most of the career options demand experience and qualification. Becoming a pilot requires experience, skill, qualification, and at the same time physical pre-requisites which includes impeccable vision and healthy built body. Unlike most of the professions to become a pilot, one should go through rigorous training and he/she should work relentlessly to master his or skills in problem-solving skills and mathematics.

Educational qualification and skills 

  • A bachelor degree in any fields like aircraft operations, aeronautical engineering, aviation etc
  • Problem-solving skills
  • Observation skills
  • Expertise in handling computer and navigation system
  • Strong communication skills

Salary package 

  • For Fresher’s – INR 10 lakhs per annum
  • For Intermediate – INR 25 lakhs per annum
  • For Experienced – INR 35 lakhs per annum

4. Machine learning expert 

Machine Learning Expert is one of the highest paying careers in India and the world today. As you know, Artificial Intelligence is one of the fastest-growing streams in the world today, in the same way, AI has based industries have been increasing India since the past few years and therefore, the jobs related to it.

Machine learning expert is a person who has an up hand knowledge in machine learning. Most of the people do not know what exactly machine learning. You might have a faint idea that machine learning is something related to artificial intelligence. Yes, machine learning is an application, which with the help of Artificial Intelligence provides a machine or a system the ability to improve and learn all the processes based on experience rather than manual programming.

A machine-learning expert’s main function is to focus on the development of a high-tech computer program that can collect, access, and use the data to learn and adapt to the working condition accordingly.

Educational qualification and skills 

  • Bachelors degree in anything course related to system design or software engineering
  • Expertise in computer programming and its fundamentals
  • High skills in statistics and probably
  • Knowledge in machine learning algorithms
  • Ability to convey and convert complex data into simple data

Salary package 

  • For Fresher’s – INR 9 lakhs per annum
  • For Intermediate – INR 20 lakhs per annum
  • For Experienced – INR 30 lakhs per annum

5. Blockchain Developer 

Blockchain is one of the most innovative things of this century. With this system, things have changed a lot. For those who do not know what Blockchain is, it is a decentralized system of digital ledger that can automatically record transactions.

One of the biggest advantages of Blockchain is tracking and recording crypt to currency, at the same time, Blockchain can be used to virtually record any type of transaction simply from the details that include medical data to the shipping information. One of the notable things about Blockchain is that only new information can be added to it and this information is commonly stored in blocks, these blocks cannot be modified. If anyone tries to tamper with the data stored as a block, it would compromise the new data stored in it.

A career as Blockchain developer might not be on your list of preferred jobs, however, if you are looking for a job that will get you a good salary and at the same time is challenging, and then Blockchain developer will satisfy you for sure. As both private and public sectors opting to use Blockchain, the number of Blockchain developers required will surely increase with time.

Educational qualification and skills 

  • Bachelors degree in engineering
  • Knowledge in cryptography
  • Up hand knowledge in smart contract development
  • Skill in web development

Salary package 

  • For Fresher’s – INR 7 lakhs per annum
  • For Intermediate – INR 15 lakhs per annum
  • For Experienced – INR 20 lakhs per annum

6. Full-Stack Software developer 

Today with the role of internet increasing day by day, the role and demand for website developers and software developers have increased. There are more than 200+ top companies in India, which requires software developers and website designers.

The functions of a full stack developer are not limited to just one function, it includes functions like writing code and designing mobile stack or website stack or any native stack. A full-stack web developer is one of the most interesting and in-demand career paths today. A full-stack web developer is an expert who can work in both front-end, as well as, back-end of any website or any application. The salary package of a full-stack developer is not just limited five or 6 lakhs per annum, a website design studio with a team of highly-skilled professionals can earn you up to 25 to 30 lakhs per annum.

To become a full-stack software developer a person should be interested in writing in programming code and he/she should be able to communicate clearly with the customer and visualize the customer’s requirement and should be able to satisfy his needs.

Education qualification and skills 

  • Bachelors degree in Engineering related to software or computer science or IT
  • Problem-solving skills
  • Knowledge in writing programming code
  • Precise view
  • Skill to work in a collaborative environment
  • Skills to keep up with tight deadlines

Salary package –

  • For Fresher’s – INR 5 lakhs per annum
  • For Intermediate – INR 10 lakhs per annum
  • For Experienced – INR 20 lakhs per annum

7. Product Management 

Product management is one of the top-growing career’s in the world today, with the increase in the role of online commerce websites like Flipkart, Snapdeal, Amazon, Myntra, Ola, Uber, Walmart etc. the role of product management experts have increased tremendously.

The functions of product manager are not just targeted a single function, the actual function might range from developing a product, marketing a product, to selling a product with an appropriate profit. Most of the people do not have any deep knowledge on what product management means, this career involves studying a specific product and creating a concept based on the target audience, then using this concept to manufacture, market, and sell the product.

The main role of a product management expert is to make the product valuable to the targeted customers and, in turn, producing high-profit for the industry. Product management can be split into two main sections

  1. Product development
  2. Product marketing

A product management expert should be able to coordinate both product development and product marketing in an effective way in order to efficiently maximize sales revenue and profit margins.

Educational qualifications and skills 

  • Bachelors degree or a graduate degree in any course
  • Interest to understand customer needs
  • Should possess an eye for aesthetics
  • Skill to set a deadline and produce prototypes based on a study

Salary package 

  • For Fresher’s – INR 4 lakhs per annum
  • For Intermediate – INR 12 lakhs per annum
  • For Experienced – INR 26 lakhs per annum

8. Management Consultant 

The career of management consultant has been there at different industries for some time right now. The functions of a management consultant is not a simple one, there are more than a dozen responsibilities that he/she should handle in this position

To become a management consultant there are certain skills and knowledge the person should pose and most of the time it takes reasonable time for a person to master this skill and knowledge. The primary responsibility and role of a management consultant are that he/she should solve problems, study issues, and circumstances and improve the performance of the industry to maximize the profit and growth.

A management consultant should be smart, vigilant, precise, and strong. He/she should have up hand knowledge in business, mathematics, finance, and economics. One of the biggest skills he/she should possess is that ability to work with a team and deliver result within the deadline. When it comes to employment opportunities in India, most of the industries with an average income have a vacancy for a management consultant.

Educational qualification and skills 

  • Bachelors degree in business, finance, economics, and business management
  • Problem-solving skill
  • Skill to cope with pressure and day to day challenges
  • Superior communication skill and excellent personality
  • Ability to perform teamwork within a given deadline

Salary package 

  • For Fresher’s – INR 3 lakhs per annum
  • For Intermediate – INR 8 lakhs per annum
  • For Experienced – INR 17 lakhs per annum

9. Chartered Accountant 

Almost everyone knows what a chartered accountant actually means. The chartered accountant career has been there for a very long time. Every industry whether big or small, requires the services from a chartered accountant.

A chartered accountant can find a job opening in both the private and public sectors and the pay can vary with the firm he/she works with or works. Unlike most of the career, the career of a chartered account is not that simple, like a commercial pilot becoming a chartered account also demands the person to be functioning at high speed and requires rigorous training before working.

The functions of a chartered accountant are not just limited to auditing, it includes preparing accountancy tax, helping the user understand about GST reforms, informing the customer or employer about the latest taxation policy, and other salary-related issues.

Educational qualification and skills 

  • First –> common proficiency test, second ->Integrated professional course, third ->third-years training under a CA practicing person, fourth-> CA final exams
  • Should possess strong communication skills
  • Should be able to handle and deal with complex calculations
  • Strong numerical and analytical skills are very important
  • Confident and strong decision-making skills

Salary package 

  • Salary package of a chartered accountant can vary with the firm he/she is working.
  • Salary at an average can range from 5 lakhs per annum to a maximum of 50-60 lakhs per annum

10. Reserve Bank of India job 

Reserve bank of India as you know is one of the biggest financial institutions and architect of the Indian financial system. Every job related to RBI is a public sector job and the salary paid is comparatively higher than most of the government jobs.

Getting a job in the RBI has many benefits, which includes travel allowances, medical allowances, house allowance, and many other benefits. However, acquiring a job in an RBI related job vacancy is not that easy. The applicant should pass the pre-requisites and should have clean records. The salary package of an RBI employee will be revised regularly and there has been a notable increase in the salary for the past few years.

Educational qualification and skills 

  • An applicant with age between 21 and 30-years and with a minimum 60% marks in the graduate exam is suitable to get this job
  • The skills required to be an RBI officer varies with the post he/she holds.
  • Problem-solving skills
  • Interest in mathematics and in the financial calculation

Salary package 

  • Based on the latest RBI notice, an RBI employee could receive a minimum salary up to 75831 per month.

11. Doctor 

Indians have been obsessed with sending their kids for medical profession for many years. The reason for such a trend is that the medical professional receives better pay and receives good respect from the public. It has been predicted that the demand for medical professionals like doctors and nurses will be on a rise in the coming years.

At an average, a doctor will receive a minimum of 7 lakh per annum and for doctors who work in well-reputed international hospitals, the pay can be, as high as, 20 to 40 lakhs. Apart from working in hospitals, most of the doctors today visit more than one or two hospitals, which, in turn, add up their income.

There is one thing that is important, being a doctor is not about just qualification, it is about service, talent, experience, and the way he/she deals with people. Doctors with excellent experience can work until they themselves feel like retiring; this is unlike most of the jobs.

Educational qualification and skills 

  • Graduated MBBS
  • Minimum 2-year experience
  • BAMS, Bachelor of Ayurvedic medicine and surgery
  • Excellent communication skills
  • Should have empathy
  • Should have patience
  • Should be self-motivated, trust-worthy, and confident to make a quick decision

Salary package 

  • For Fresher’s – INR 7 lakhs per annum
  • For Intermediate – INR 20 lakhs per annum
  • For Experienced – INR 30 lakhs per annum

Conclusion 

The above-mentioned list illustrates different jobs and the salary package independent of the industry he/she works in. When it comes to India, the salary package depends entirely on the experience, skill, talent, and qualification of the applicant. If you have still not chosen a career path then, refer the above-mentioned list and decide.

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