The job market in India has undergone a radical change. Gone are the days when the only stable professions considered ‘highest paying’ were that of a doctor, engineer, or working for the government. While these choices are still relevant and respected today, many more options have revolutionized the job market in India. Most students are confused regarding their career, and to be honest, money is a great motivator and can aid them in their decision. Knowing the top highest-paying jobs in India will help them decide their career path with confidence.
Indian Govt jobs have the best salaries and reputation
You can also read our blog on Government Jobs for Engineers.
Freelancer Jobs in India
In India, we have many Web sites offering to do freelance from any place worldwide; Some most popular sites are Upwork, Fiverr, Freelancer, Peopleperhour, and many more. Follow Chegg for more information. We also offer freelancing jobs in content writing, blog writing, Subject matter expert, etc. Please reach out to our team for more information. Find opportunities in your career.
1. Data Science
One term that has gained significant popularity in the past few months is data science. Data scientists are essentially analytical experts who use social science and technology to find trends and manage data. This is done to analyze raw data and find solutions to various business problems.
Data scientists also help create customized statistical models and algorithms based on end-user behaviours.
While no predefined qualification is necessary, engineers (BE/BTech) or graduates with a degree or certification in data science will definitely have an added advantage. Additionally, a rudimentary knowledge of basic programming languages such as Python and SQL is helpful. Over the years, with experience, data scientists can move on to larger roles such as that of chief data scientists, big data engineers, etc.
Certified data scientists are offered salaries between Rs. 4 lakhs to Rs. 12 lakhs per annum as their base even without much experience. Higher the experience, higher is the salary and can range from Rs. 60 lakhs to Rs. 70 lakhs per annum, making this one of India’s highest paying IT jobs.
Industry and Growth
Data science is a relatively new field that offers lucrative pay scales and opportunities. This field is currently seeing tremendous growth and a 40% rise in demand since January 2019 and is only expected to grow further.
2. Digital Marketing
With the rise of social media and alternate forms of marketing and advertising, digital marketing is here to stay and is changing today’s way of communication. Digital marketing refers to any marketing effort that uses the internet and other means of digital communication such as email, social media, text, and web-based advertising.
Because of this field’s diversity and creative freedom, people from various backgrounds are becoming marketing professionals. There are multiple roles available for those looking for jobs within the digital marketing field, such as content writers, SEO analysts, social media managers, brand marketing managers, etc.
While a specific digital marketing degree is not necessary, having certifications, Bachelor’s or Master’s degree in Marketing, PR, or Mass Communication will be an advantage. There are also multiple online courses available to help individuals upgrade their skills even further.
Entry-level professionals can earn anywhere between Rs. 3 lakhs to Rs. 6 lakhs per annum, whereas those with more experience can command between Rs. 10 lakhs to 12 lakhs per annum. Additionally, those with over 10-12 years of experience can enjoy Rs. 15 lakhs to Rs. 22 lakhs per annum & making this one of the highest paying digital marketing jobs in India.
Industry and Growth
The digital marketing industry is expected to continue growing. Thanks to the increased reliance on the internet, the way people communicate and consume information has changed, highlighting the need for online marketing tools and techniques.
You can also read our blog on How to create a Digital Marketing Resume.
3. Medical Professionals
Having a doctor in the family is seen as something to be proud of as medical professionals command immense respect and are a necessity. While becoming a doctor, surgeon, or any other medical professional is not easy. The rewards are worth the hard work. They are also one of the backbones of society, as evidenced during the current pandemic that we are in.
Becoming a good medical professional requires a lot of dedication and study. An MBBS is the entry-level qualification required, and further specialized training is also required, such as an MD or MS (Master of Surgery). Apart from this, having good interpersonal and communication skills, compassion, and attention to detail is important.
Medical professionals with higher qualifications or specialized degrees tend to earn more.
The average starting salary for those with an MD is around Rs. 5 lakhs – Rs.10 lakhs per annum and can go up to Rs. 25 lakhs per annum or more & making this one of the highest paying medical professional jobs in India.
Industry and Growth
It is safe to say that the healthcare industry will only continue to grow as medical professionals are necessary for a healthy society to thrive. These individuals usually start their careers as interns and then move on to other opportunities. Higher degrees may help them specialize in niche fields such as neurology, cardiology, neonatal care, etc.
4. Machine Learning Experts
A few years ago, the words AI(Artificial Intelligence) and ML (Machine Learning) would have confused everyone, but today these technologies are taking over the world with their impact. Today, machine learning and artificial intelligence experts help companies make data-driven decisions and set them up for greater success and are very much in demand today and will be for the foreseeable future.
A Bachelor’s degree in computer science, artificial intelligence, or other related fields is essential. There are also many specialized courses available today for those interested in pursuing a career in this field. These certifications will give an edge over those without them.
The annual salary starts at Rs. 5 lakhs for entrants and can go up to Rs. 7 – 8 lakhs. For those with experience of a decade or more, salaries can go up to Rs. 20 lakhs per annum. If having a lucrative job is what you dream of, a career in machine learning is one to consider, making this one of India’s highest paying AI jobs.
Industry and Growth
While the adoption of machine learning technology is still in a relatively nascent stage in India, the growth is expected to be exponential. This technology is also being used across various retail, healthcare, transportation, and education sectors. Certain statistics also suggest that the Indian machine learning and artificial intelligence sector will have a compound annual growth rate of 33.49% between 2018 and 2023.
5. Blockchain Developers
Continuing with our list of jobs in the IT sector, blockchain technology is another field that is gaining increasing popularity. While the term may sound complicated, a simple way of understanding blockchain is that it is a digital record of transactions and is used to record transactions made with cryptocurrencies. This technology has other applications as well. Digital payments have gained tremendous momentum in India, especially with lockdowns and the pandemic, and therefore blockchains are a key innovator in the fintech space. As the field is relatively new in India, there is a high demand for blockchain technology specialists.
Applicants with degrees in B.E/B.Tech in Computer Science, Statistics, Mathematics or other fields specializing in programming, or applicants with knowledge of Ripple, R3, bitcoin, and Etherium technologies are given preference. Having an in-depth knowledge of security protocol stacks, consensus methodologies, and crypto libraries are also necessary.
While there are not many specialized degrees for blockchain technology, many certifications are available.
The starting salary for an entrant can range between Rs. 3 lakhs to Rs. 6 lakhs per annum and can grow exponentially with experience. While the average salary currently for blockchain technology experts is around Rs. 8 lakhs, it can go up to Rs. 45 lakh per annum with time and experience makes this one of the highest-paying developer jobs in India.
Industry and Growth
Did you know that blockchain technology makes up a large part of the Indian government’s Niti Aayog strategy? There is a lot of investment in this sector, and is only expected to grow exponentially to reach over USD 4 million by 2025.
6. Software Engineers
Once upon a time in India, most parents would aspire for their children to be either engineers or doctors. While there are many more lucrative options available today, the lure and demand for software engineers have not waned. One of the most in-demand and highest-paid sectors today, thanks to digitization, software engineering is here to stay.
Many universities in the country offer Bachelor’s and Master’s degrees in Software Engineering. Those with specialized certifications will have an added advantage, considering the competition for this sector is also quite high.
The lucrative pay scale offered is another lure for those interested in this field. Freshers can expect a salary package ranging from Rs. 4 lakhs to Rs. 6 lakhs per annum. In comparison, seasoned engineers can expect anywhere between Rs. 10 lakhs per annum to Rs. 30 lakhs per annum depending on seniority and experience, making this one of India’s highest paying engineers jobs.
You can also read our blog on career objectives for software engineers.
7. Chartered Accountant
Another highly in-demand profession, Chartered Accountants (CA), are members of the ICAI (Institute of Chartered Accountants of India), the only national accounting body in the country. There is a high demand for CAs in the country and a huge shortage making this profession highly lucrative. From small firms to large corporations, the need for a CA is everywhere.
Commerce graduates and postgraduates with a minimum percentage of 55% or students of the Institute of Company Secretaries of India and Institute of Cost Accountants of India who have passed the intermediate level can apply. These exams are notoriously hard to crack and require discipline and dedication.
The current average salary offered to CAs is around Rs. 7 lakhs per annum and can go up to Rs. 30 lakhs per annum depending on the experience. Certain international salaries can also go up to Rs. 75 lakhs per annum make this one of India’s highest-paying CA jobs.
Industry and Growth
There will be chartered accountants as long as there are taxpayers and a need to maintain accounts. The demand is only increasing with the rise in companies and individuals who pay tax. Additionally, this is also considered a job with high job security and will always be in demand. Companies such as Standard Chartered, BHEL, Citibank are some of the top recruiters for CAs.
You can also read our blog on the Salary of Chartered Accountants in India.
We’ve seen lawyers being depicted as having a high-flying lifestyle while fighting for justice at the same time. While most of these depictions may be overdramatic, there is no denying that lawyers today are some of the highest-paid professionals in India and the world.
A lawyer advises and represents their clients – both private and public- and is categorized into tax lawyers, criminal lawyers, securities lawyers, etc.
A Bachelor’s degree in law, liberal arts, or political science is recommended. Additionally, clearing admission tests like LSAT is also necessary. A Master’s degree in their chosen specialized field can also help their career. To become lawyers, however, applicants must also clear the bar examination.
Independent lawyers may charge per case or appearance in court, whereas those working in corporate companies may receive a monthly salary with additional bonuses. Salary can start at Rs. 3 lakhs per annum and can go up to Rs. 12 lakhs to even Rs. 25 lakhs per annum depending on experience and success rate, making this one of India’s highest-paying jobs.
Industry and Growth
Law is one field where the demand for professionals will never cease. Individuals can also explore multiple areas under their chosen branch. One can also become an attorney and, if they have over 2 decades of experience, can also become a judge.
9. Investment Banker
The primary role of investment bankers is to take care of their client’s financial assets. They are also brokers and advisors and help their clients invest their money in a potentially lucrative market at the right time to maximize returns. In addition to this, investment bankers also help with mergers and acquisitions, conduct research, and act as financial advisors to corporate organizations.
A Bachelor’s degree or Postgraduate degree in finance, accounting, or economics is highly recommended. Many aspirants today also go for specialized advanced certifications or an MBA. Having strong research and analytical skills and expertise in statistics and calculations, and good verbal skills are also essential.
With one of the highest average salaries in the market, investment banking is one of the most lucrative professions today. Entrants can expect a salary ranging from Rs. 4 lakhs to Rs. 12 lakhs per annum, and with experience, this number can go up to Rs. 40 lakhs per annum.
Industry and Growth
The tremendous growth in digital banking and financial services in the country today only expects growth in the coming years. With new financial companies entering the market, the demand for Skill investment bankers is rising and expects growth exponentially.
10. Management Consultant
If you love to help improve your company’s performance and solve problems while maximizing growth, management consultancy is the right career. These experts help their clients grow and eliminate their problems while also dealing with company operations and are concerned with management, structure, and strategy.
A Bachelor’s or Master’s degree in any business discipline is essential. While there are special courses available for graduates, those specializing in Economics, Finance, or Accounting can also become management consultants.
The average salary for management consultants is just over a whopping Rs. 11 lakhs per annum. While freshers can enjoy a yearly pay scale of Rs. 6 lakhs to Rs. 7 lakhs per annum, those with more experience can earn anywhere between Rs. 11 lakhs to Rs. 23 lakhs per annum make this one of India’s highest-paying management consultant jobs.
Industry and Growth
The Current Annual Growth Rate for the Management Consulting industry is around 30%, and there is a 4.1% growth in the industry globally. The Indian Management Consulting Industry is also estimated to generate Rs. 27,000 crore in revenues by the end of 2020. There is a constant demand for excellent management consultants in the market today, which is only expected to grow in the future.
Online tutoring is the easiest way to start teaching as a student in India. Many online educational platforms hire people for giving online tuitions. Apart from directly becoming an online teacher, you can take up the job of answering subject-related questions. This comes under the role of a Subject Matter Expert.
Chegg India is an e-learning portal providing these opportunities to students. For this, all you have to do is sign up on the website. Then select a subject you are interested in, such as mathematics, chemistry, psychology, etc.
Following that comes a registration process that includes:
After this, you can start answering questions posted by students. Moreover, by doing this, your subject knowledge increases, but you also get to earn some extra pocket money. And the best part is that you don’t need to pay for any online teacher training course to get started. Just grab your books and put in some effort to give correct answers, and there you go!