The dynamics of employment has drastically changed in recent years, especially since India opened its doors to multinational companies (MNCs) after globalisation policy was implemented by the Narsimham committee. The pay scale since then has witnessed meteoric rise pertaining to various factors from inflation to drastic changes in the technological sector.
In this article we see which are the top 10 highest paying jobs in India. While many jobs offer a gargantuan amount of money, considering the future prospects and current industry scenario, this list is made to properly reflect reality.
1. Software Architect
One of the most sought-after occupations on the market is that of a software architect. Software architects often earn a high compensation, which rises with related training and expertise. They will have duties such as managing end-to-end solutions, delivering the application, and managing the team.
With an average annual salary of 26 LPA in India, no wonder it is at the top of the list.
2. Management Consultant
Management consultants identify and resolve complex business, organisational, and operational problems with domestic and/or international clients (organisations, executives, leaders, and teams), as well as define and enhance processes. A baseline of a 2:1 degree in business management or business studies is essential. Characteristics of planning, communication, and analytical skills inculcated by working experience through internships, temporary contracts, or placements.
Management Consultants make an average of 22 LPA, although the journey can be long and arduous for some.
3. Commercial Pilot
Commercial pilots participate in unplanned flying operations such as charter flights, aviation touring, and aerial services. Commercial pilots could have more non-flight responsibilities. Some commercial pilots plan their own trips, oversee aircraft maintenance, and load their own belongings.
The average salary for a commercial pilot is 17 LPA, although the investment needed to become a commercial pilot can be quite expensive and only affordable to few.
4. Data Scientist
Data analysis for practical insights is the responsibility of a data scientist. Determining the data-analytics issues that provide the company with the most prospects is one example of a specific task. Identifying the relevant variables and data sets is another one of the tasks which is to be looked after in the profile of a Data Scientist.
With an average salary of 10 LPA & ranging from 4 LPA to 26 LPA, Data Scientist is a sought after job for many engineering and graduate students.
5. General Surgeon
General surgery is a speciality where doctors treat a variety of common illnesses with generic surgical techniques. They are also in charge of the patient's care prior to, during, and following the procedure. Several disorders, particularly those involving the abdominal organs, can be surgically clinically diagnosed by general surgeons. One of the medical specialties that is regarded as being the most difficult is surgery. Long hours, much study, plenty of practice, and a lot of mental energy are needed. Only those who have a strong, enduring enthusiasm for surgery should consider a career in the field.
General Surgeons earn along the lines of 11 LPA on average and take a huge amount of effort and toll on physical & mental health on field.
6. Data Engineer
A data engineer's primary goal is to transform the raw data into something useful and understandable before presenting it to an organisation. In addition, they must design, construct, test, mix, manage, and optimise the data using a variety of sources. A bachelor's degree in computer science, software or computer engineering, applied maths, physics, statistics, or a related discipline is required for entry into this industry. To even be considered for the majority of entry-level professions, they will also require practical experience, such as internships.
Data Engineer earns on an average of 8.2 LPA and has to have the aforementioned skills.
7. Merchant Navy
Moving cargo from one location to another is the merchant navy's main duty. It is the element of the global economy that is most crucial. Ships are used to transport goods more than 90% of the time worldwide. These individuals are essential to the logistical supply chain of the globe, upon which the economy sustains. With great risk comes great pay, and the respect as well.
Fleet managers who look after the ship earn a whopping 8.5 LPA and commandeer the large vessels carrying metric tons of cargo.
8. Chartered Accountants
Chartered Accountant offers guidance, audits financial records, and disseminates reliable information along with various other important tasks which are in accordance with the Ministry of Corporate Affairs. Accounting systems and procedures, financial reporting, taxation, auditing, forensic accounting, corporate finance, company recovery, and bankruptcy may all be involved.
CAs earn an average salary of 7 LPA and is one of the most lucrative jobs as the exam is considered to be one of the toughest in the nation.
9. Investment Analyst
An investment analyst conducts research and provides information to aid stockbrokers, fund managers, and traders in making investment decisions. A well-managed investment portfolio and the identification of potential investment opportunities are made possible by the information you offer.
Average salary offered to an Investment analyst is 6.5 LPA is a very bankable job in the fintech sector.
10. Corporate Lawyer
Commercial law is a specialty of corporate attorneys. They are responsible for making sure business dealings adhere to corporate laws and rules. They could serve on the legal staff of a business or at a law firm. Document preparation, partnership evaluation, and transaction negotiation are among the responsibilities.
A Corporate Lawyer earns somewhere around 6.5 LPA on average and is one of the prestigious jobs as they come.