Most parts of adulthood revolve around making life decisions around education and securing a decent job. Indian youth is not new to the race of finding success, and the hustle culture has caught young Indians to burn the midnight oil and land on their dream jobs.
As the industries are leaning towards data and algorithms to predict the results, there is a tremendous demand for the IT sector, Artificial intelligence, and machine learning.
Gone are those days when people dreamt of the cliched jobs and settled for the average. Now is the time of experimentation and seeking growth in the trending sectors of industry.
But what drives people to switch to action mode? You are right. It is money. One cannot deny that money is the top motivator that pushes you to better yourself every day.
Hence, here is an article for you if you are stuck in choosing a lucrative career. Let’s dig deep into the five highest salaried jobs in India.
A detailed guide to five highest salaried jobs in India
It comes without being told that to land a high package job requires a strong skill-set, good communication, and consistency in the professional life.
The five jobs listed below have a detailed understanding of the salary package, qualifications, and skills required.
The No.1 in this list is the position of a data scientist, a typical white-collar job. It’s a widely known fact that data is the new oil and every industry is actively recruiting a data scientist to interpret and make a root cause analysis of the company’s growth.
What does a data scientist do?
A data scientist compiles the data dump into meaningful trends and patterns that will benefit the company to take actionable steps and, in turn, drive profit to the company.
A data scientist is a valuable asset in every field like IT, health sector, finance sector, to name a few, and hence, highly paid in India.
An average salary in India for a data scientist ranges between INR 10 lac-12 lac per annum. As the seniority level increases, their salary can range up to INR 50 lacs to 60 lacs per annum.
The two mandatory subjects of expertise needed to become a data scientist are Mathematics and Statistics.
You must either have an engineering degree in computer science or a bachelor’s degree in computers, social sciences, statistics, physical sciences, or mathematics.
Since data science is all about gathering information from the set of variables, one needs impeccable knowledge in
- Programming languages like R, Python, Java.
- Machine learning.
- SQL coding.
- Data visualization.
Investment banking is synonymous with a fat cheque and a high profile. So, what makes investment banking a lucrative job? An investment banker is essentially the financial advisor to the company.
If you hire an investment banker, they take care of your IPOs, company acquisitions and provide valuable advice to invest money in bonds and stock markets.
The life of an investment banker revolves around making quick and wise financial decisions on behalf of the company to get ahead with the competitors and negotiate a profitable deal to acquire other companies.
An investment banker’s average salary in India is INR 9 lac per year including commission and brokerage.
However, with reputed clients and a strong portfolio, the salary can range between INR 30 lacs to 50 lacs per annum.
No doubt, to invest elsewhere, you need to invest in your Investor Banker first.
To become an investment banker, you must pursue a bachelor’s degree (BBA or B.Com) in any commerce course such as finance, marketing, sales, or business administration.
Doing higher studies such as Masters in Finance and economics will increase the chances of recognition.
There is also a specialized course called Chartered Financial Analysis(CFA) which trains you to excel in Investment and Finance and is the best way to start your career as an investment banker.
Though the pay is high and attractive, working as an investment banker requires a high motive to be on top of the finance market and work in a fast-paced environment. Some skills required are
- Financial modeling and analysis.
- Microsoft excel.
- Knowledge of Mergers and Acquisitions.
- Leadership skills and excellent communication.
Welcome to the crypto world! The newfound obsession with cryptocurrency has made India rank first globally in cryptocurrency owners (100 million). It necessitates blockchain development to protect online data from hacking or misuse.
Cryptocurrencies like Bitcoin use Blockchain technology to ease transactions and store vital information. Hence, blockchain development is rising rapidly and adopted by various companies in recent days.
Since a blockchain developer creates protocols and designs data decentralization networks, the typical salary ranges between INR 7 lac to 8 lac per annum. The pay scale varies with experience and skills and it can go up to INR 30 lacs per annum.
To become a blockchain developer, you must hold a bachelor’s degree in computer science, information security, or any IT field.
You can turn your dream to become a blockchain developer into a reality by honing skills in
- Blockchain architecture and tools such as Ripple and Hyperledger.
A doctor’s profession is a dream of every child and parent alike. What can be more fulfilling than to save the lives of hundreds of people?
A doctor is always on demand, and the pandemic once again proved that healthcare professionals make up the core part of the service sector and are invaluable to society. Hence, the medical profession is most respected and also pays well.
The salary differs for a doctor based on their specialization. An average salary of a physician is between INR 5 lacs to 6 lacs per annum whereas, a surgeon can earn up to 24 lacs per annum.
To become a doctor in India, you must complete 10+2 with Biology as one of the core subjects. It requires completing an MBBS degree of 5.5 years, including an internship from any reputed hospital. Post-graduation follows after that if one aspires to specialize in one of the fields.
However, learning medicine is expensive in India without an excellent NEET score. Financial institutions like Money view offer instant personal loans at attractive interest rates, and it has a completely online mode.
A doctor has to deal with several patients and their families daily. Hence, they require
- Strong problem-solving skills and communication skills.
- Attention to detail.
- Excellent diagnosis skills.
An office in the skies is everyone’s dream, and a pilot gets to live that dream. Even amidst the spike in demand for IT workers and software developers, one career option unaffected by this is a commercial pilot.
Due to the low competition in the aviation sector and perks and benefits apart from the salary, commercial pilots are drawing hefty cheques and getting paid to travel the world!
A commercial pilot draws a salary ranging from INR 1.5 lacs to INR 8.5 lacs per annum, depending on the rank, seniority level, and the number of flying hours.
To become a commercial pilot, you require medical clearance from the Directorate General of Civil Aviation (DGCA) and finish 10+2 school with Physics and Mathematics as core subjects.
A candidate must crack the Commercial pilot License exam to qualify as a pilot.
After getting to top training institutes of aviation, you have officially begun the journey to fly. However, you need the right skills to qualify as a commercial pilot.
- Physical fitness.
- Excellent eyesight.
- Quick decision-making skills and IQ.
- Problem-solving skills.
Related Articles: Highest Paying Government Jobs in India with Salary
You are motivated to work harder and better only if justified with a good paycheque. Today, students are making careful choices to land rewarding jobs.
Sometimes you lack the necessary skills to climb up the professional ladder but never too late to restart your career and gain knowledge and skills to be successful in life.