Indian job markets have changed dramatically in recent years. In the past, only doctors, engineers, or government workers were considered to be the highest paying professions. However, there have been a lot more "upsides" that have revolutionized the job market in India over the last few decades. It's a fact that most students are unsure of their career paths. Yet, money can be a powerful motivator and influence their career choice. It will definitely help them make a smart career choice if they know the top-paying jobs in India.
5 Highest Paying Jobs in India - 2021
Career concerns are highly prevalent among students today. For these people, we have compiled the list of the top 5 highest paying jobs in India so they can make the right choice.
1. Data Science
In recent months, data science has gained a great deal of notoriety. A data scientist is a person who uses social science and technology to identify trends and manage information. The goal of this process is to analyze raw data and find solutions to different business problems. Additionally, data scientists assist in the creation of custom statistical models and algorithms based on the behavior of users.
- Educational Qualification - The requirements for this position are not defined, however engineers (BE/BTech) or graduates with data science studies or certifications will be considered more favorably. Furthermore, it would be beneficial to have some familiarity with basic programming languages, such as Python and SQL.
- Pay Scale - The salaries of certified data scientists range from Rs. 4 lakhs to Rs. 12 lakhs per annum as their base salary. A top-paying IT job in India has the potential to pay anywhere between Rs. 60 lakhs to Rs. 70 lakhs per annum, depending on experience.
- Industry and Growth - A relatively new field, data science offers a wide range of opportunities and high pay scales. There has been a 40% increase in demand in this field since January 2019.
2. Digital Marketing
Through the rise of social media and alternative forms of advertising and marketing, digital marketing has become a dominant force in marketing and advertising. In simple terms, digital marketing means marketing efforts that use the internet or digital communication methods such as email, social media, text messages, and web-based advertising. This field offers diverse experiences and creative freedom, which attracts people from all over the world. Digital marketing jobs include writing content, SEO analyst, social media manager, brand manager, and many other types of roles. You can enroll in the digital marketing course in Vadodara if you want to gain knowledge about digital marketing.
- Educational Qualification - An introductory course in digital marketing is not required, however candidates with a bachelor's or master's degree in marketing, public relations, or mass communication will have an advantage. To further enhance individuals' skills, online courses are also available.
- Pay Scale - Entry-level professionals earn an average salary of Rs. 3 lakhs to Rs. 6 lakhs, while experts make between Rs. 10 lakhs and Rs. 12 lakhs. The digital marketing career can also bring in an average salary of Rs. 15 lakhs to 22 lakhs for those with at least ten years of experience.
- Industry and Growth - Digital marketing is expected to grow over the next few years. Communications and information consumption have changed as internet use has grown. Therefore, online marketing tools and techniques are increasingly needed.
3. Machine Learning Experts
The world is constantly being impacted by AI (Artificial Intelligence) and ML (Machine Learning). Currently, companies use machine learning and artificial intelligence experts to help them make data-driven decisions and set themselves up for greater success, and these experts are extremely in demand now and will continue to be so for the foreseeable future.
- Educational Qualification - You must have a Bachelor's degree in either computer science or artificial intelligence. There are numerous specialized courses available today for those who want to pursue a career in this field. By obtaining these credentials, candidates will have an advantage over their competitors.
- Pay Scale - Entry-level employees earn up to Rs. 7 - 8 lakhs annually. Salary can reach Rs. 20 lakhs per annum for those with at least a decade of experience. Among the most lucrative careers in AI, machine learning is one of the highest-paying fields in India.
- Industry and Growth - Even though machine learning technology has been adopted relatively late in India, its rapid growth is expected. Additionally, this technology is being embraced by a number of sectors, including retail, healthcare, transportation, and education. India's machine learning and artificial intelligence sector are expected to grow at a significant rate of 33.49% per year between 2018 and 2023.
4. Medical Professionals
Medical professionals command great respect and are indispensable in a family, which is why the presence of a doctor in the house can be a source of great pride. Despite the difficulties, it is worth the effort to become a doctor, surgeon, or anyone else in the medical profession. Our current pandemic has also shown that they are the backbone of society.
- Educational Qualification - Studying and dedication are necessary in order to become an excellent medical professional. As a minimum requirement, students must have an MBBS and further specialized training such as an MD or M.S. (Master of Surgery). Apart from these attributes, it is important to have good interpersonal skills, compassion, and attention to detail.
- Pay Scale - Qualifications and specialization tend to increase the earnings of medical professionals. MDs typically start at around Rs. 5 lakh - Rs. 10 lakh per year and can be paid as much as Rs. 25 lakhs. This makes it one of the highest-paying jobs in India.
- Industry and Growth - In order to keep a healthy society, medical professionals are necessary. Health care is predicted to grow even more in the future. As interns, these individuals usually evolve into other opportunities throughout their careers. With a higher degree, they might specialize in neurology, cardiology, neonatology, etc.
5. Management Consultant
For those who enjoy helping businesses improve performance, solve problems, and grow, management consulting is the right career. In addition to helping their clients grow, these experts take care of the company's operations as well as its structure, strategy, and management.
- Educational Qualification - Candidates must have undergraduate or master's degrees in a relevant field of business. Graduates with a specialization in Finance, Economics, or Accounting can also become management consultants.
- Pay Scale - Over the course of a year, management consultants earn just over Rs. 11 lakhs on average. A fresher in this field can expect a salary of Rs. 6 lakhs to Rs. 7 lakhs per year and an experienced consultant can expect a salary of Rs. 11 lakhs to Rs. 23 lakhs per year, making this one of the highest paying management consulting jobs in India.
- Industry and Growth - Management Consulting has an annual growth rate of 30% and a global growth rate of 4.1%. The management consulting industry in India is projected to generate 27,000 crores of revenue by the end of 2020. The market for excellent management consultants is constantly in demand today, and this trend is only expected to continue in the future.
Final Verdict
We conclude our write-up on the Top 5 Highest Paying Jobs in India here. I hope you found all this information helpful and that you can choose a career that is perfect for you. Use the comment section to contact us if you have any questions or concerns.