While ideals, interest, skills and ambition may drive you to chase any particular career path, salary plays an important role when it comes to sustaining that path. With the cost of living rising by leaps and bounds every year, it’s only natural that money will be a key decisive factor for freshers and experienced professionals alike when it comes to taking up any role.
We have come up with a list of the highest paying jobs in India to help aspiring professionals set their expectations and maybe also nudge them towards their goals. It’s safe to say that the following occupations have emerged as the highest paying jobs in India in recent years. However, the exact figures might vary depending on the cities and the level of professional experience.
12 Highest Salary Jobs in India 2020
- Doctors and Surgeons
- Data Scientists
- Investment Banker
- Software Engineers
- Commercial Pilots
- Chartered Accountant
- Artificial Intelligence Professionals
- Marketing Professionals
- Cyber Security Professionals
- Machine Learning Professionals
- Full Stack Developers
- Cloud Computing Professionals
1. Doctors and SurgeonsPractitioners of medicine are still among the highest paid professionals in India. Considering India’s vast population, it is not surprising that the country faces a number of health issues. However, the ratio of available doctors to patients is really low in India, making it one of the most sought after career path. Even within the domain, there are areas of expertise which are more-demand than the rest. Example, surgeons need to be extremely skilled and therefore are often paid more. Sadly, even with all the career enthusiasm over medicine, there’s a very limited section of the professionals who go and practise in the rural regions of the country.
- Entry Level:10 lakh/annum*
- Mid Level: 24 lakh/annum*
2. Data Scientists
Data scientists are among the most sought after professionals today as companies are investing heavily into big data. Big data is important to create consumer-centric solutions and enhance product/service performance. Hence companies are hiring data scientists to help them make more data-driven business decisions. Data professionals are in high demand now and the coming years are going to see more data scientists getting hired by top business companies. In keeping with this demand, data scientists can earn a base salary that is 36% higher than most professionals in the analytics industry.
You can expect your salary to shoot up to new highs after becoming a subject matter expert or after acquiring multiple degrees in data science. Typically data scientists earn upto 7 lakhs/annum at the entry level and the number can go as high as 21-25 lakh/annum when you become a senior.
- Entry Level: 5-7 lakh/annum*
- Mid Level:12-15 lakh/annum*
- Senior Level: 21-25 lakh/annum*
3. Investment Banker
Investment bankers work with financial organisations to raise capital through equity financing or debt management. It is a very demanding job since they need to work in a fast-paced environment where decisions can make or break the financial fate of the organisation. They also investigate the stakes involved and deal with them accordingly. Investment bankers are one of the best paid professionals in the country.
- Entry Level: 9 lakhs/annum*
- Mid Level: 16 lakhs/annum*
- Senior Level: 25 lakhs/annum*
4. Software Engineers
India has been rather infamous when it comes to the number of IT professionals it churns out every year. Yet, the market keeps absorbing an increasing number of software engineers each year. With international tech giants investing in the Indian market and outsourcing talent overseas like never before, the number keeps growing. Cities like Bangalore alone has seen a rapid rise in the employment of engineers in recent years.
International projects and a steady domestic market ensures that money keeps coming in this sector. Seasoned Engineers with 4-5 years of experience can expect anywhere between 10-12 lakhs.
- Entry Level: 4-6 lakhs/annum*
- Mid Level: 10-15 lakhs/annum*
- Senior Level: 25-30 lakhs/annum*
5. Commercial Pilots
One of the most glamorous professions worldwide, aviation is also quite well paying. Commercial pilots earn handsome remuneration, especially if they are employed by the top-most airlines. Since the job is quite physically taxing with long flying hours and travelling time, pilots need to physically fit all the time.
- Salary: 16 lakhs/annum*
6. Chartered Accountant
Chartered accountants handle finances for companies and organisations to ensure they stay profitable and tax compliant. It takes years for a CA to master all the aspects of the domain and become an expert. Quite naturally, an experienced CA gets paid a lot for his/her services.
- Entry Level: 7 lakhs/annum*
- Mid Level: 15 lakhs/annum*
7. Artificial Intelligence Professionals
The supply-demand gap for artificial intelligence professionals is incredibly high in India. Even now there are 2500 vacant AI positions that require skilled professionals and the steady rise of the applications of AI indicates the number is only going to increase in the coming future. However, a dearth of skilled AI professionals in the market has led to companies competing with each other to hire the best talent. Needless to say, AI experts are getting lucrative offers from all the leading companies along with a number of other benefits.
AI professionals are chiefly responsible for enabling machines to have artificial intelligence. Their core tasks include understanding and creating AI algorithm, programming and more.
- Mid Level: 17 lakh/annum*
- Senior Level: 26 lakh/annum*
8. Marketing Professionals
Marketing is core to any business strategy and the rapid digitization of marketing platforms is opening up new avenues. As such, companies are now looking to hire professionals who have a hands-on knowledge of new marketing strategies.
If you have a knack for creative thinking and find brand building interesting, this might be a career path for you. Digital marketing is popular among students of marketing owing to its high demand in the market. An MBA or a digital marketing course can land you quite lucrative jobs.
- Entry Level: 5-6 lakhs/annum*
- Mid Level: 8-10 lakhs/annum*
- Senior Level: 15-25 lakhs/annum*
9. Cyber Security Professionals
All most all kinds of businesses have an online presence today and so it becomes important to protect their valuable digital assets. Since cybersecurity is indispensable to all kinds of businesses, there’s a growing demand for cybersecurity professionals. They ensure brands and businesses are secured against cyber threats and crimes. Recent reports show that cybersecurity experts can easily earn between 30-40 lakhs/annum.
- Entry Level: 6 lakhs/annum*
- Mid Level: 10-12 lakhs/annum*
- Senior Level: 30 lakhs/ annum*
10. Machine Learning Professionals
AI and ML have taken the modern world by storm by designing more personal solutions for consumers. Machine learning professionals are helping brands to take more data driven business decisions so that business risks are low.
Experts in machine learning have proved to be valuable assets to companies and their demand keep rising each year. A certification or degree in machine learning can accelerate your career to exciting directions.
- Entry Level: 5-7 lakhs/annum*
- Mid Level: 15 lakhs/annum*
- Senior Level: 22lakhs/annum*
11. Full Stack Developers
Full stack developers are responsible for overall web development and maintenance. Their ability to work on both the front end and the back-end functionalities of any application makes them particularly significant in the tech department of any company. Reports show that there has been a 20% spike in the demand of full-stack developers in India in recent times.
Startup companies seem to be employing more full stack developers as they need professionals who are responsible for product applications end-to-end. If you love coding and have commendable knowledge of Java, CSS, Python, RubyonRails and other coding languages, then you can expect high paying offers from both startups and top MNCs.
- Entry Level: 5-6 lakhs/annum**
- Mid Level: 8-10 lakhs/annum**
- Senior Level: 10-12 lakhs/annum**
12. Cloud Computing Professionals
Indian cloud computing industry will be worth $4 billion dollars by 2020. Cloud software engineers, cloud architects, cloud infrastructure engineer etc are in high demand and it will continue to rise. There are more openings than qualified candidates for cloud computing in India at the moment. A degree in cloud computing can spike your salary by up to 60%. Seasoned experts can even earn upto 70 lakhs/annum.
- Entry Level: 6-8 lakhs/annum**
- Mid Level:10-12 lakhs/annum**
- Senior Level: 30 lakhs/annum**
A Little Practicality Hurt No One
While certifications and training will definitely help you move forward in your career, passion and inner drive will lead you towards success. True passion along with self-discipline always pays off in the long run and sets you apart from the crowd.
Great Learning offers extensive courses on all the leading domains to help professionals upskill and make the most of all the opportunities of the disruptive economy. Check out the courses below:
*Data sourced from Glassdoor.co.in
**Data sourced from Indeed.co.in