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Top 10 Highest Paying Jobs in India 2020-21

Highest Paying Jobs in India

India is one of the fastest-growing economies in the world. So, now is one of the best times in the country to get a good education and job that will pay well till the day of your retirement. Everyone aspires for a high-paying career, but they tend to focus only on the education part. You can’t reach your destination if you keep focusing on the road. So, its time to pay attention to the top-paying careers in the country.

In the following blog, theres detailed information on the highest paying jobs in India. These professions belong to a variety of sectors and industries, so you can pursue a job in the industry that appeals to you the most. Theres also information on the qualifications, skills, duties, and responsibilities of the profession. Youll get a 360-degree understanding of the professions.

 

Highest Paying Jobs in India

The current highest paying jobs in India are a mix of traditional and new professions. A few years ago, parents would only urge students to go for low-risk jobs that ensured a monthly salary, but this thinking has changed and students are looking at creative fields as well. There’s money to be made everywhere as long as a person is good at what they do. Of course, there are some industries where the opportunity to make money is much better and the following information explores the best jobs in these industries.

 

List of Top 12 Highest Paying Jobs in India

There are so many professions available to students today because they are more inclined to follow something, they are passionate about. However, passion does not mean average pay. Many jobs allow students to follow their passion and even make money. Now is one of the best financial times in the country, and students should make the right career moves and make money.

So, here are the top 10 highest salary jobs in India that students should consider the following:

  1. Chartered Accountant (CA)
  2. Investment Banker
  3. Medical Doctor or Surgeon
  4. Data Scientist
  5. Blockchain Developer
  6. Machine Learning Expert
  7. Product Manager
  8. Marketing Manager
  9. Cyber Security Expert
  10. Commercial Pilot

 

1. Chartered Accountant (CA)

The chartered accountant (CA) is an accounting specialist. Every business in the country has a chartered accountant on board to look after their accounts and ensure everything is in order. CAs can work in companies or start their own practice giving consultancy and auditing services after gaining experience.

What does a Chartered Accountant (CA) Do?

A chartered accountant is the highest level of an accountant. They are absolute experts when it comes to matters of company accounts, taxes, and finance and ensures their clients accounts are in order.

Chartered Accountant (CA) Duties and Responsibilities

To truly understand the CA career path and what is expected from these professionals, you should know what exactly a CA does. Therefore, a chartered accountant (CA) duties and responsibilities include:

  • Have in-depth knowledge of accounting practises in the country.
  • Ensure accounts are in order and accordance with the countrys laws.
  • Ensure taxes are paid accurately.
  • Conduct financial auditing to find errors and discrepancies.
  • Manage their employer or clients accounting department.
  • Provide sound financial advice.

Chartered Accountant (CA) skills and qualifications

To be a successful CA, you are required to have certain skills. Only then will you be able to do well in this profession. The skills required to be a CA are as follows:

  • Should be good with mathematics and accounting.
  • Analytical skills are useful in spotting errors and anomalies.
  • Communications skills help understandably explain complex financial matters.
  • Need to have good leadership skills as they have teams working under them.
  • Foresight to prevent employers and clients from making financial mistakes.

Qualifications

  • Need to be a commerce graduate with more than 55% as the final score.
  • Need to clear the CA foundation, intermediate and final courses by ICAI.
  • Need to complete articleship under a professional CA for 3 years.

Chartered Accountant (CA) Average Salary Range

In the accounting profession in India, CAs are the top earners. This is a prestigious profession with a large number of students failing to become CA. Those who become CAs are paid handsomely. According to the latest figures, a CA makes anything in between INR 4.1 lakhs to INR 20 lakhs with INR 7.87 lakhs being the average figure.

 

2. Investment Banker

Financial advisors provide financial advisors to individuals, but who provides financial advice to big companies and large financial entities? Investment bankers are professionals who provide financial advice to big clients regarding capital investment.

What does an Investment Banker do?

An investment banker handles large investments on behalf of their clients. Their main job is to raise capital for their clients and work as middlemen and negotiators in large merger and acquisition deals. They have to look after their clients best interests.

Investment Banker duties and responsibilities

Looking after their clients financial interest is like a blanket term. In reality, a lot more is involved in doing this. To know about them all, here are an investment bankers duties and responsibilities:

  • Conduct research and analysis of the financial markets and investment opportunities.
  • Develop investment models based on sound data and analysis.
  • Play negotiator and mediator in important mergers and acquisitions.
  • Conduct risk analysis on deals on behalf of their clients.
  • Advise clients on unique investment opportunities.
  • Maintain good relations in the market to bring in new clients.

Investment Banker skills and qualifications

To excel as an investment banker, you will need to have a few skills that will help you thrive. Here are the following skills needed by an investment banker:

  • Should understand and be able to use the latest data analytics.
  • Need to have good business acumen and financial instinct.
  • Good communication skills to deal with high-profile clients.
  • Presentation skills will help present investment opportunities attractively and understandably.
  • Researching and analytical skills are important in this profession.

Qualifications

  • Graduation in commerce or science.
  • Masters degree in a finance-related specialisation.
  • Certifications are required to give financial advice.

Investment Banker Average Salary Range

Investment bankers work with the biggest companies and banks in the country. Their work ensures high profits and low risks in investments. Therefore, the work they do is extremely important, and are compensated accordingly. In India, an investment banker makes anything in the range of INR 3 lakhs to INR 50 lakhs. INR 10 lakhs is the average you can expect supplemented by bonuses and commissions.

 

3. Medical Doctor or Surgeon

A doctor or a surgeon is a medical professional who provides medical advice to the general public. They treat their illnesses and diseases through medicines, surgery, nutrition, and exercise. This is one of the most respected professions in the country with high earning potential.

What does a Medical Doctor or Surgeon do?

Doctors and surgeons treat the human body. They have to treat their patients to prolong and improve the quality of their life. They have to know all about the human body and the illnesses that affect it. They also have to know a wide variety of treatments.

Medical Doctor or Surgeon duties and responsibilities

Being one of the most important professionals in the world, a lot is expected from a medical doctor or surgeon. Here are some of the most important duties and responsibilities of a doctor:

  • Understand a patients symptoms and make an accurate diagnosis.
  • Create an accurate line of treatment to cure the disease.
  • Collaborate with other medical professionals to treat the patient.
  • Conduct follow up care.
  • Advise patients on lifestyle changes to improve and sustain health.

Medical Doctor or Surgeon skills and qualifications

Apart from high-quality education, doctors need to have a lot of skills to become successful medical practitioners. Some of these skills are:

  • Doctors should be able to empathise with patients and understand their pain.
  • Interpersonal skills help them build rapport with patients.
  • Analytical skills help them make accurate diagnosis even in complicated cases.
  • Tenacity is needed for treating complicated cases.
  • Decision-making skills are a must for them to make tough and important decisions.

Qualifications

  • Graduation in Science (PCB) with more than 60%.
  • Clear state-level or national-level competitive exams like NEET, JIPMER, AIIMS.
  • 5.5 years for MBBS degree
  • 3 years post-graduation to attain MD or MS degree.

Medical Doctor or Surgeon Average Salary Range

Considering the importance and respect of the doctor and surgeons profession, they are highly paid. They have 2 forms of employment. They can either work in hospitals and clinics or have their own practice. In India, medical doctors make something in between INR 2 lakhs to INR 20 lakhs with INR 7 lakhs being the average figure. Surgeons make a salary in the range of INR 1.2 lakhs to INR 40 lakhs with an average INR 10 lakhs being the average salary.

 

4. Data Scientist

In todays data-driven business world, one of the most sought-after professions is of a data scientist. Data scientists help companies tap into the power of data to improve their business, and customer services and bring about innovations and products and services. Data scientists help harness the power of big data.

What does a Data Scientist do?

Data scientists create programs, software, tools, and data models to harness the power of big data, process the data, and get insightful findings from this data. The findings can be used for many things like business decisions, market research, development, and investment.

Data Scientist duties and responsibilities

Data science is a new and upcoming area of expertise. Therefore, data scientists have to wear many hats. Therefore, data scientists duties and responsibilities include:

  • Automate data collection from reliable sources.
  • Give structure to unstructured data.
  • Spot patterns and trends after analysing data.
  • Develop AI and ML algorithms of analytics
  • Present data in a visually understandable format.

Data Scientist skills and qualifications

Data scientist is an upcoming profession that is interesting to most students. But you need to have the following skills to do well as a data scientist:

  • Need to have good programming and technical skills
  • Analytical skills are a must as it is a major part of the job.
  • Attention to detail will help them do well in the career
  • Understanding of business is also important to this profession.
  • Should be able to make accurate predictions based on data and logic.

Qualifications

  • A graduate degree preferable in science.
  • Masters degree related to data science or certifications related to data science.

Data Scientist Average Salary Range

Data scientist is a new profession and yet it finds itself in the most high-paying careers in the country. The numbers for this profession are only going to get better over time. Currently, a data scientist in India makes a salary in the range of INR 3.4 lakhs to INR 20 lakhs with INR 8.14 lakhs being the average figure.

 

5. Blockchain Developer

A blockchain developer develops blockchain technology that is used in developing data security, currency management, and technological advancement in many other fields. Since blockchain technology is new in India, the demand is high and supply is short, making blockchain developers an in-demand profession.

What does a Blockchain Developer do?

Heard of Bitcoin? This cryptocurrency was created by blockchain technology. The blockchain developers make use of blockchain technology to create unique solutions, services, and products for a wide range of needs in the tech industry.

Blockchain Developer duties and responsibilities

The blockchain developer is a highly sought after professional because only now businesses have realised the importance of blockchain technology. They have many duties and responsibilities on their shoulders like:

  • Developing various blockchain interfaces, systems, and applications
  • Innovate and upgrade business to use new technologies and tools.
  • Create safer and secure data storage technologies.
  • Build and develop software infrastructure.
  • Remove unnecessary middlemen to reduce costs.
  • Contribute to the global blockchain community.

Blockchain Developer skills and qualifications

Blockchain technology is a new technology that is revolutionary in nature. To be able to properly leverage this, developers need the following skills:

  • Tech skills because this profession is completely related to technology.
  • Deep understanding of blockchain architecture, de-centralised apps, and cryptography.
  • Deep understanding of various blockchain platforms like Fabric, EOS, Hyperledger, etc.
  • Analytical skills to analyse data and prevailing tech needs.
  • Business acumen as they have to provide solutions that improve business.

Qualifications

  • Degree and certification holders in computer science can become blockchain developers.

Blockchain Developer Average Salary Range

Despite being a relatively new profession, blockchain developers are already commanding some of the best salary figures. In India, a blockchain developer commands a salary in the range of INR 2 lakhs to INR 10 lakhs with INR 5 lakhs being the average salary. The figures are going to get much higher in the coming years.

 

6. Machine Learning Expert

Machine learning is another emerging technology that is making strong headway into all businesses. It is part of artificial intelligence and will be part of every business and industry. Machine learning experts are engineers who develop deep learning and machine learning systems.

What does a Machine Learning Expert do?

The machine learning experts develop systems that learn to do a task over time and keep improving in executing that task, so to simply put it, they have to develop systems that learn on their own, and can replace needless manual labour.

Machine Learning Expert duties and responsibilities

Machine learning expert is a profession of the future but is getting its due importance today. A lot is expected from machine learning experts in the form of the following duties and responsibilities:

  • Conduct statistical and data analysis
  • Understand data structures and modelling.
  • Design and develop deep learning and machine learning systems.
  • Oversee experiments and tests that will help the systems learn.
  • Write and apply ML algorithms for various business needs

Machine Learning Expert skills and qualifications

The machine learning expert is a new profession and expectations are high from the. To succeed, they need to have the following skills:

  • Mathematical and coding skills.
  • Understanding of modern business needs and creating systems accordingly.
  • Should know the Python language used mainly in ML.
  • Should know the use of frameworks like Keras and TensorFlow.
  • Should be able to communicate technical insights in an understandable manner.

Qualifications

  • Engineering degree in computer science, information technology, or data science.
  • Masters courses in ML or certification courses in ML.

Machine Learning Expert Average Salary Range

Machine learning experts are in high demand but low in supply, so they get a good salary. Even ML experts with 1-year experience also get a good salary. Currently, machine learning experts are getting a salary in the range of INR 5 lakhs to INR 20 lakhs with INR 7 lakhs being the average figure.

 

7. Product Manager

Product managers are product experts who look after the lifecycle of products and services in a company. Product managers are high in demand in almost all industries in the country which have products and services to sell. This includes IT firms as well who develop IT products. A customer-centric approach is a key to success and product managers are the key to this.

What does a Product Manager do?

A product manager treats a product or products like a separate business and helps in the complete management of the product which includes aspects like designing and branding of the product, quality control, and sales of the product.

Product Manager duties and responsibilities

For the success of a company, the success of the product is of utmost importance. Therefore, a product manager has the following duties and responsibilities towards the company and product:

  • To understand the product, its market, and its future.
  • Work with advertising and marketing teams to create a brand story.
  • Closely watch competition and market demands to upgrade products.
  • Develop new products and services.
  • Ensure the sales numbers are up to the marks and keep reaching set targets.

Product Manager skills and qualifications

The product manager is an important position, especially in an increasingly competitive world. They need to have the following skills and qualifications to do well:

  • Strong business acumen to help a product succeed.
  • Excellent communication skills help in creating brand communication.
  • Need to have creative solutions for the problems faced by the product.
  • Should be able to handle high demand and pressure.
  • Research and analytical skills come in handy for researching on market and products.

Qualifications

  • Bachelors degree
  • Masters degree in business and product-related courses.
  • Technical courses in design are helpful.

Product Manager Average Salary Range

The work of a product manager is important to the success of a company and that is why they are paid really well for their expert services. They are in demand across many different industries and companies. A product manager in India gets a salary in the range of INR 7 lakhs to INR 30 lakhs with an impressive average salary figure of INR 20 lakhs.

 

8. Marketing Manager

The marketing manager is the head of the marketing department. They are in charge of all the marketing activities undertaken by the company to increase the sale of products and services. The work of the marketing manager and their department has a direct impact on sales and profits of an organisation.

What does a Marketing Manager do?

Marketing managers have the main job of managing the marketing department, ensuring the marketing executives are performing and designing marketing campaigns for their companys products and services.

Marketing Manager duties and responsibilities

A marketing manager is an important position in a company. There are many duties and responsibilities they have to fulfil. Some of the duties and responsibilities are:

  • Ensuring the products and services are achieving high sales and profits.
  • Work with other departments heads to create strong brand communication.
  • Expertly manage all the employees in the marketing department.
  • Design marketing campaigns.
  • Get feedback from customers.
  • Analyse the performance of a product and make adjustments in campaigns.

Marketing Manager skills and qualifications

A marketing manager needs to be versatile as they have to be experts at many things. To succeed as a marketing manager, you need to have the following skills:

  • Strong communication skills to be able to create brand and marketing communication.
  • Leadership skills to manage a whole department.
  • Sales skills this is the primary requirement of this profession.
  • Planning and executing skills are a must for marketing campaigns.
  • Tech skills help marketing managers leverage the latest technology for marketing.

Qualifications

  • MBA, PGDM, MMS, or PGPM in marketing.

Marketing Manager Average Salary Range

When the market is slow and the sales are down, its the marketing department that can get a company out of trouble. No wonder the marketing manager is one of the highest paying jobs in the country. Currently, they make a salary in the range of INR 2.8 lakhs to INR 20 lakhs with NR 7 lakhs being the average salary figure. Marketing managers also get good bonuses and commissions on sales.

 

9. Cyber Security Expert

Almost every mid-level and major business has strong IT operations. To protect these IT operations, they need the expert services of cybersecurity experts. They protect all your IT operations from cyber-attacks and ensure there are no breaks in operations.

What does a Cyber Security Expert do?

The cybersecurity expert protects the companys IT operations from cyber attacks. Cyber-attacks have become more and more common. Even countries use these attacks to destabilise business in rival countries. Therefore, the importance of cybersecurity experts has become even more.

Cyber Security Expert duties and responsibilities

Since a cybersecurity expert is so important to a business, they have many duties and responsibilities to fulfill. These duties and responsibilities are:

  • Protect all IT systems of their employer and clients.
  • Review all the security systems to plug all gaps and rectify errors.
  • Know and stay updated about all the cybersecurity threats.
  • Create backups and restoration systems for data and operations.
  • Provide regular reports on the security systems.

Cyber Security Expert skills and qualifications

Cybersecurity expert is such an important and in-demand profession. Therefore, to succeed, they need to have the following skills:

  • Strong problem-solving skills
  • Foresight to know what attacks and issues can happen.
  • Analytical skills help them in spotting chinks in the security armoury.
  • Working understanding of all the major software and programs.
  • Deep knowledge and understanding of all the major software and security platforms.

Qualifications

  • Bachelors degree in science, mathematics, computer science, or computer applications.
  • Masters or certificate course in cybersecurity.

Cyber Security Expert Average Salary Range

Cybersecurity expert is one of the most important professions in a world that is heavily reliant on IT systems. Organisations understand the importance of protecting data and systems, so are more than happy to pay a cybersecurity expert an excellent salary. Today, cybersecurity experts are commanding a salary in the range of INR 2.75 lakhs to INR 20 lakhs with INR 6.5 lakhs as the average salary figure.

 

10. Commercial Pilot

Commercial pilots are professionals who fly the planes in private, commercial airlines. Pilots working in the national carrier are also commercial pilots. Their main job is to fly the plane safely and get passengers and cargo to their destination. Owing to the importance and risk of their profession, commercial pilots are paid really well, making them one of the highest-paid professions in the world.

What does a Commercial Pilot do?

Commercial pilots fly passengers and cargo from one destination to another. But there are other things as well that they do. Putting out forest fires, and crop dusting, rescue operations are also some other things commercial pilots do.

Commercial Pilot duties and responsibilities

The general people dont really know but a commercial pilot has many duties and responsibilities. Some of them are:

  • Before embarking on a flight, they have to do a systems check.
  • Calculate the weight of the passengers and cargo for filling fuel.
  • Make detailed reports and flight logs after every flight.
  • Calm down passengers in case of incidents in the plane.
  • Make emergency landings if a passenger takes ill.
  • Coordinate with air traffic controllers.
  • Instruct stewards and stewardesses.

Commercial Pilot skills and qualifications

Commercial pilots have several lives in their hands, so they have to be skilled at what they do. To succeed in this profession, they need to have the following skills:

  • Good understanding of flight technology.
  • Calm and cool demeanour even in the most stressful situations.
  • Attention to detail is needed for pre-flight checks.
  • Need to be physically fit as the job is quite taxing.
  • Teamwork skills are important as they are always part of the flight team.
  • Excellent problem-solving skills.

Qualifications

  • Degree in aviation, aircraft operations, or aeronautical engineering.
  • Complete the required amount of flight hours.
  • Get a pilots licence.

Commercial Pilot Average Salary Range

Commercial pilots are some of the highest-paid professionals in India. The aviation industry of the country is growing and there is a huge demand for commercial pilots. Currently, commercial pilots in India get anything in between INR 1.2 lakhs to INR 80 lakhs with INR 20 lakhs being the average figure.

 

Summary

Though the economy of the country is growing, it has experienced a slowdown. Therefore, students should choose high-paying careers from the get-go, and earn well irrespective of the economic situation. All the careers mentioned above are from varying fields and you can choose something that truly interests you.

You can be eligible for quite a few professions mentioned in the list above by doing an MBA course from ASMs IBMR located in Pune. get in touch with our counsellors and they will fully guide on getting one of the top-paying careers in India.

Team ASM IBMR
Team ASM IBMR
ASM's Institute of Business Management & Research, Pune was established in 1983. It is affiliated to University of Pune. It is a prominent institute for higher education in the state of Maharashtra.

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