The Highest Paying Jobs In India- All that you need to know!

The professional landscape is constantly changing. While agricultural jobs were important in the 19th century, most jobs in the United States today are in administration, sales, and transportation. So how can job seekers find the fastest growing jobs of the future?

According to the US Bureau of Labor Statistics (BLS), 11.9 million new jobs will be created between 2020 and 2030, a compound annual growth rate of 7.7%. However, some jobs are growing much faster.

The IT industry is also referred to as "growth". Every day we see something new emerging in the field of technology. It has completely changed the way we live. In addition, technological developments have changed the course of the labor market.

There is no doubt that the pandemic has impacted careers and job opportunities in ways we could not have foreseen. On the other hand, the job market weathered the crisis well thanks to the constantly evolving technology and IT industry.

The unemployment rate fell from 11.9 percent in May 2021 to 9.2 percent in June 2021, according to reports from the Center for Monitoring the Indian Economy (CIME). IT business has opened up new opportunities for job seekers.

Fortunately, machine learning, robotics, artificial intelligence, cloud computing, and other advanced technologies have opened up new career opportunities for job seekers.

Civil Services

Civil service is one of the best-known services in India and hence one of the most sought-after job options for young Indians. As a result, despite the fact that thousands of people apply each year for public service competitions, only a small percentage of them manages to get a job. Public positions are prestigious positions that offer competitive salaries, job security, and other benefits.

If you want to work for the government, you have three options: IFS (Indian Foreign Services), IAS (Indian Administrative Services) and IPS (Indian Police Services). When it comes to salaries for those working in these services, IFS earns more than all three.

-Qualifications- Bachelor's degree in any field. To work as a civil servant in any of the above categories, you must have a bachelor's degree (in any field) and pass the civil service selection tests of the Civil Service Union (UPSC).

- Salary Range: IAS/IPS/IFS monthly salaries range from Rs 56,000 to Rs 2,50,000 including HRA, Love Allowance, Travel Allowance (TA) and other benefits.

Investment Banker

Isn't it true that investment bankers are demanding? It is also a dream career for many Indian students who enjoy managing their money and finances. Investment bankers are commonly referred to as "money men." Investment jobs are among the highest paying jobs in the world, not just in India. An investment banker is a corporate financial advisor who works for a financial institution/bank and assists governments, corporations and other entities in raising funds/capital. In addition, they offer financial assistance to their customers in a variety of transactions.

– Qualification: A bachelor’s degree in finance or a related subject or an MBA is required. You must have all the unique talents required for this career, including verbal and communication skills, in-depth knowledge of the market, analytical skills, etc., in addition to the academic requirements.

- Salary Range: A junior investment banker in India earns an average of $9,92,681 per year.

Data Scientist

Another well-paid profession that has been in high demand in India in recent years is data scientist. In India, career prospects in data science have skyrocketed in recent years. This is largely due to India's huge technological advances and developments in recent years. By 2020, the number of data processing jobs in India is projected to increase by 62%.

Over time, it became a high-profile and highly paid career. A data scientist is a technical analyst who works with large amounts of data to solve problems in a company's operations. A data scientist is a combination of scientist, mathematician, computer scientist, and statistician.

- Qualifications: A bachelor's degree in mathematics, data science, computer science or statistics is required. In addition, analytical ability, technical skills, computer programming skills, data visualization skills, etc. are required.

- Salary Range: Typical entry level data scientist salary in India is 6-7 lakhs per year.

Commercial Pilots

How can we forget airline pilots when we talk about the highest paying jobs? It's one of the highest paying and most glamorous jobs in the world, not just in India. So if you want to work in the aviation industry and dream of flying around the world, you can consider becoming a commercial pilot.

A pilot working for a top airline not only gets paid well but also receives additional benefits and rewards such as bonuses, profit sharing, etc. A commercial pilot should not be confused with military pilots. Commercial pilots work for a private airline and are responsible for passenger airlines, international flights, cargo aircraft, air taxis and charter flights, among other things. On the other hand, military aviation pilots are required to work for the Indian Air Force, which is a public position.

–Qualification: To become a CP, you must complete Grade 12 in PCM and English. Pilot training must be completed. Directorate General Civil Aviation (DGAC) CPL (commercial pilot license) is required.

- Salary Range: The average annual salary for each entry-level CP can be 1-2 lakh per month depending on the company.

Chartered Accountants

The Chartered Accountant profession is one of the most demanding, and it has a lot of potential in the future. Although the profession of chartered accountant is not new, it has long been the first and predominant choice of most commerce students in India.

A Chartered Accountant is an accounting professional who is responsible for all accounting-related matters in a business or industry, such as taxation, filing tax returns, auditing, keeping investment records, preparing and analysing financial reports, providing business advice to clients, and so on.

A Chartered Accountant is required by every sector, business, or entity, which is why this profession is in high demand. In India, becoming a Chartered Accountant is not straightforward because candidates must pass several tiers of exams to obtain the qualification, and these exams are difficult. As a result, Chartered Accountants are compensated well.

-Qualifications: CA accreditation from the ICAI is required.

-SalaryRange- In India, a CA's typical annual salary varies from 7 lakhs to 8 lakhs.

Medical Professionals (Physicians/Doctors/Surgeons)

Despite being a traditional career path, medicine is still one of the highest-paying professions in the country. Medical staff, especially doctors, general practitioners and surgeons, are well paid for their work. The main responsibility of doctors is to diagnose and treat any kind of disease in patients while surgeons diagnose and treat disease through surgical procedure.

Doctors are one of the few professions that are believed to never slow down. So if you are a biology student interested in a career in medicine, becoming a doctor or surgeon might be a good choice.

Qualification: To become a doctor, an MBBS degree must be completed with the required internship and practice. Physicians can continue their education after completing their MBBS. NEET is a requirement for MBBS students.

Salary Range: In India, the average salary for a doctor is Rs 685,778; However, surgeons are paid much better than general practitioners. The monthly income of a surgeon can range from 1 lakh to 2 lakh rupees.

Scientists

A job as a scientist in the Indian government's defence research and development divisions or other organisations such as ONGC, DRDO, ISRO, and others is a fantastic option. Scientists are a good choice for those who are attracted by science and have a strong interest in any branch of research. It has a lot of potential in India and throughout the world because every country is looking for cutting-edge ideas and innovation to grow and scale these days.

Many ambitious scientists in India dream of working for Indian government institutions such as DRDO, ONGC, ISRO, BHEL, IISER, BARC, ICAR, and others. A scientist's job is a well-respected occupation that pays well. However, it is not easy to get into this job as one has to be very effective and has to clear numerous exams to be a scientist in a government organisation.

If you want to work as a scientist in India, you can apply to a variety of organizations/institutions based on your qualifications. You can apply to any of the following organisations:

Various government departments, research institutes, medical/healthcare institutions, the mining industry, aeronautical and space agencies, defence, wildlife institutions, and many others.

-Qualifications- Preparation for a career as a scientist should begin in elementary school. You must have science in +12 and then obtain a bachelor's, master's, or doctoral degree in the corresponding topic of interest.

- Salary Range: A research scientist's average annual salary in India is 6-7 lakh rupees, excluding other incentives.

Business Analyst

Nowadays, if a company or sector wants to expand and upgrade quickly, it turns to Business Analysis. In recent years, it has become a standard business practise in the majority of the country's businesses. As a result, the demand for Company Analysts has increased in almost every business environment across the country.

A business analyst is a professional who uses data analytics and changing business needs to bridge gaps between a business domain and its technology in order to achieve organisational sustainability and profitability. They are well compensated because they add significant value to the company.

– Salary Range- A business analyst's average salary in India is between 6 and 7 lakhs, depending on the firm.