Top 10 Highest Paying Jobs in India 2021 – Astonishing
Top 10 Highest Paying Jobs in India 2021 Astonishing
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You have hustled hard throughout your 12+3/4+2+x (where x varies from 1 to ?) of your formal education and now, you are looking for one of the highest paying jobs in India that justifies all those years of burning the midnight oil. You are looking for a career that rewards you just right, jobs with high salary, and maybe even better, one of the best jobs in India.
Lets be honest, money is the best motivator when it comes to choosing a career path. And if it is an important factor for you, as well, listed are thetop 10 highest paying jobs in India(in no particular order). This list is updated in 2021 and irrespective of your work level, beginner/entry-level, or middle level, these will help you decide the direction you want to go in next and help you find the best jobs in India. Lets get into the highest paid jobs in India.
Key Takeaways:
- The highest-paying jobs in India are basically in Information Technology, Healthcare, Data Industry, BFSI, and Marketing.
- The average salary range of most of the top jobs in these sectors ranges between Rs. 7 15 LPA, with the highest salaries going as high as Rs. 20 40 LPA.
- Modern jobs such as Data Science, Machine Learning have started replacing traditional jobs in the highest paying jobs list.
Please Note Salaries in all industries are always subject to the employees experience, training, and knowledge. The more you score in these domains, the better you are paid.If you are aspiringfor one of thebest jobs in India, the salary package is not the only factor.
Career growth, job security, and reputation make a career attractive.Also, different industries pay different highest salaries. Hence, it will be unfair to compare the salary of a Chartered Accountant in the Information Technology sector to that of a Chartered Accountant in the BFSI domain.
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List of Top 10 Highest Paying Jobs in India
- Medical Professionals (Doctors & Surgeons)
- Data Scientist
- Machine Learning Experts
- Blockchain Developer
- Full Stack Software Developer
- Product Management
- Management Consultant
- Investment Banker
- Chartered Accountant
- Marketing Manager
Top 10 Highest Paid Jobs in India in Detail
1) Medical Professionals (Doctors & Surgeons)
Salary
According to the standard pay scale of medical professionals in India, theaverage salary of healthcare professionals in Indiais around 10 LPA in India. Over 25% of medical professionals earn an annual package of 20 LPA. PayScale maintains that theaverage salary of a General Physicianin India is Rs. 6,95,239 LPA and that of aGeneral Surgeons salaryis Rs. 11,10,412 LPA.
Generally, the specialization stream determines the salary package of medical experts. Alongside traditional specializations such as Dentistry, Optometry, Pharmacy, domains like Healthcare Administration, Nursing & Medical Assistant, Home Health Aide, etc., have emerged as promising and high-paying healthcare avenues.
Industry
In India, the healthcare industry comprises both government and private players. Thanks to the rapid technological advancements and owing to the rising incidence of diseases, the demand for affordable and quality healthcare services is increasing. Healthcare offers one of the highest-paid jobs in India. As a result, the industry is also expanding tremendously.Going by the latest stats, the fast incremental growth of the healthcare industry will bring India to thetop three healthcare marketsby the end of 2021.
Educational qualification
In India, an M.B.B.S (Bachelor of Medicine and a Bachelor of Surgery)degree is the entry card for becoming a doctor. Thus, all doctors must have an M.B.B.S degree from an institution recognized by the Medical Council of India (MCI). While pursuing their postgraduate degree (M.B.B.S), aspirants can choose from specializations like Doctor of Medicine (M.D.), Master of Surgery (M.S.).
Skills
- Quick thinking and problem-solving skills.
- Compassion and willingness to help others.
- Excellent communication and interpersonal skills.
- Calm and composed nature.
- Patience and concentration.
- Attention to detail.
Job profile
The job profile of medical professionals varies according to the specialization stream. For instance, the responsibilities of a general physician are starkly different from that of a surgeon or a psychiatrist. However, there are some general duties of medical professionals such as examining patients, diagnosing their health issues, and treating them. Healthcare consists of some of the best jobs in India. While the specific responsibilities of medical professionals vary,all doctors must perform the following duties:
- To prescribe medicines and administer befitting treatment to patients.
- To assess a patients symptoms and diagnose the medical issue
- To take accurate notes of a patients health issues and medical complications.
- To offer follow-up care of patients and evaluate the results of medical tests (if any).
- To collaborate with medical assistants, nurses, and other health experts for delivering top-notch treatments.
- To always stay updated with the latest trends and findings in medical technology and research.
How to become a medical professional?
- A candidate must pass class 12th with at least 60% marks in the science stream either with physics, chemistry and biology (PCB) or physics, chemistry, mathematics and biology (PCMB) specialization, from a recognized board of education.
- To get into a reputed medical institute, all candidates must crack relevant entrance exams such as NEET, AIIMS, JIPMER, and other state-level/institute-level entrance exams.
- To pursue postgraduation (M.D/M.S or M.Sc in Medicine), a candidate must have an M.B.B.S degree from a recognized institution.
Top employers
- AIIMS (All India Institute of Medical Sciences)
- Apollo
- Fortis
- Max
- Columbia Asia
2) Data Scientist
Salary
Data Science offers asalary between 4 12 lacs to certified experts even if they have limited or no work experiencein the functionmaking it one of thehighest paying jobs in India. Data scientists with 5 years of experience get INR 60 70 LPA. Salary ranges between the following range
Average Data Science Salary
- India 9,50,000
- Mumbai 11,70,000
- Bangalore 10,30,000
- Pune 8,66,000
Industry
While many careers have been around forever, data science is a relatively new and buzzing option offering lucrative packages.A big reason for taking up Data Science as a career, there is a40 per cent risein demand approximately for data scientists since January 2019, and more than 300% since 2013. Data scientist is considered one of the best jobs in India. The reason for this should be clearing, considering everything today is data, and expertise in the science of managing that data is precisely what is required.
Educational Qualification
- Engineers BE / BTech(without coding experience)
- Graduates(no programming knowledge)
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Skills
- Ability to work with complex formulas (40%)
- An understanding of consumer psychology (25%)
- Business acumen (25%)
- Skilled at programming languages (10%)
Job Profile
A data scientist helps manage and organize a massive amount of data that an organization collects. He gleans actionable insights from that data to drive business decisions that improve profits and customer relationships.Data Scientistshave a strong foundation in computer science, programming, mathematics, statistics, and analytics.
Responsibilities of a Data Scientist
- To identify valuable data sources and automate data collection processes.
- To clean and organize both structured and unstructured data.
- To analyze huge volumes of data to extract meaningful trends and patterns.
- To use data visualization techniques for presenting the findings from large datasets.
- To design predictive models and ML algorithms
How to be a data scientist?
Here is the most common and recommended path:
- Graduates / Engineers can opt forExecutive PG Program in Data Science, an 11-month program and is offered jointly by upGrad and IIIT-B.
- You can also get a Masters in Data Science whileparticipating in global competitions held on Kaggle and working on your own projects.
Companies Hiring Data Scientist in India (3300 Jobs on Naukri / 2700 Jobs on Linkedin)
- Amazon Hyderabad / Bangalore
- Walmart Labs Bangalore
- People Interactive Mumbai
- GreyAtom Mumbai
- Procter & Gamble Hyderabad
3) Machine Learning Experts
Salary
The average Machine learning engineer salary in India is ?691,892.
Machine learning engineers with less than 1-year experience can earn ?501,058 per annum. Early level professionals can expect compensation of ?698,443. After the machine learning professional gains more experience (10 to 19 years), they earn a whopping ?1,948,718 per annum.
Bangalore, the silicon valley of India is the best city for machine learning experts which provides 20% more than the countrys average.
Python & Deep learning are the skills known to improve the professionals average salary.
Bangalore has the most number of openings followed by Delhi/NCR.
32% of the ML jobs from Naukri provide salary between 6 to 10 LPA & 22% of the ML jobs offer salary between 10 to 15 LPA.
Industry
Machine Learning(ML) is a branch of artificial intelligence (AI) that is now actively incorporated across industries, including IT, BFSI, retail, transportation, healthcare, education, etc. There is no denying that this is one of the best jobs in India. Although the adoption of ML technology is at a nascent stage in India, the AI and ML market is projected to expand substantially in the near future. The latest stats suggest that the investment in the Indian AI sector willgrow at a CAGR of 33.49%between 2018-2023.
Educational Qualification
B.E./B.Tech in Computer Science/Mathematics/Statistics/Information Technology or Data Science (if possible). Higher degrees, such as postgraduate or doctorate degrees in similar fields are also highly valued in the industry.
Skills
- Programming in R / Python
- Strong statistical knowledge
- Excellent data modelling and data architecture skills.
- Proficiency in working with ML frameworks such as TensorFlow or Keras.
- Strong written and oral communication translated as the ability to prepare presentations, progress reports, and interactive data visualizations
- Ability to convey complex data into non-technical insights and possible decisions.
Job profile
Data Science & Machine learning is all the rage right now, and they are some of the highest-paid jobs in India, not only in India but also worldwide.Machine learning is an application of AI wherein the system learns and improves on its own without being programmed.Machine Learning jobs is one of the highest-paid jobs in India. Just like the human brain, YES!!!. Machine learning experts are the professionals who build these self-learning systems.
Responsibilities of ML experts
- To perform statistical analysis
- To fine-tune test results
- To train and retrain ML systems
- To work on new ML experiments and projects
- To design ML programs and algorithms and implement them for suitable business requirements.
4) Blockchain Developer
Salary
Theaverage salaryfor Blockchain technology in India is Rs. 8,01,938.
Due to the lack of experienced professionals, organizations offer a handsome pay-out for the required skills.The excessive & growing demand makes ML experts land on one of thehighest salary jobs in Indiaas professionalsearn up to 45 LPA. Salary ranges between the following range
Salary
- 0 3 Lakhs
- 3 6 Lakhs
- 6 10 Lakhs (27%)
- 10 15 Lakhs (23%)
- 15 25 Lakhs (25%)
- 25 50 Lakh
A significant gap in the demand and supply of blockchain developers impacts the salary of blockchain developers as out of 2 million software developers in India, only 5K professionals possess blockchain skills.
Industry
The Indian government is planning to invest heavily in Blockchain technology. In fact, Blockchain tech makes up a core part of the governmentsNiti Aayog strategy, along with other frontier technologies like AI, ML, and IoT. In India,investment in Blockchain tech has increased to a whopping 103.4%throughout 2018, standing at US$ 154.8 million. Between 2019-2025, Blockchain investment is further expected to grow at a CAGR of 47.3%, increasing from US$ 289 million (in 2019) to reach US$ 4,348.3 million by 2025.
Educational qualification
B.E./B.Tech in Computer Science/Mathematics/Statistics/Information Technology. Companies prefer candidates having a few years of prior coding experience in popular languages like Java, JavaScipt, C#, C++, and Python.
Skills
- A solid understanding of Blockchain architecture, data structures, distributed systems.
- Excellent foundational knowledge in Cryptography and decentralized applications (DApps).
- Well-versed in web development and Smart Contract development.
- Good understanding of Blockchain platforms like Etheruem, Hyperledger, Fabric, EOS, etc.
Job Profile
Blockchain is thenew revolutionary fieldand is redefining everything from currency transactions, internet connectivity, to data security and handling.Blockchain technology cuts out middlemen, reduce costs, and increase speed and reach. It is supposed to usher in greater transparency and traceability. As both private and public sectors warm up to this new, market-changing technology, there will be a considerable lack of specialists. A gaping hole that you can fill. Further, theres also a continuouslygrowing demandfor Blockchain Developers in India.
5) Full Stack Software Developer
Salary
Entry-level full-stack developers (less than one year of experience) can earn ?375,000 per annum. Full-stack developers between 1 to 4 years of experience can earn ?553,000 per annum. Mid-level developers with 5 to 9 years of experience earn ?1,375,000 per annum.
Industry
The Indian IT/ITeS industry is projected togrow to US$ 350 billion by 2025, creating around 2.5-3 million job opportunities across the country. This only proves that the demand for Software Developers, including Full Stack Developers is only going to skyrocket in the coming years.
Educational qualification
Full-Stack Developers must at least have a bachelors degree, either B.E. or B.Tech in Computer Science/Information Science/Information Technology. Plus, they must have a solid foundation in computer programming in languages like Java, Python, C, C++, Ruby, etc.
Skills
- Ability to work in a collaborative environment
- Excellent understanding of both frontend and backend design.
- Good understanding of best software development practices and processes.
- Knowledge of basic design skills and web architecture.
- Knowledge of HTTP and REST protocols.
- Detail-oriented with an eye for aesthetics
- Able to meet tight deadlines
- Fluent in Javascript, HTML, and CSS
Job Profile
Full-stack developersare tasked with the job of creating both the front end and the back end of a software/website i.e.they are both web developer and have a fair understanding of database systems. As web developers, they build the website from the ground up and write the code for it. Full-stack development is one of the highest-paid jobs in India. They work with the websites appearance, CSS, HTML and align it with the clients industry, business, and target audience.
Responsibilities of a Full-Stack Developer
- To develop both the frontend and backend of website architecture.
- To design user interactions on web pages.
- To create servers and database functionalities.
- To optimize applications for multiple platforms.
- To design APIs
How to be a full-stack developer
Individuals with Bachelors in IT or Computer Science can team it up with online courses about full-stack development including the necessary programming languages.upGrad has an updated program for Full-Stack Development Executive PG Program.In this internet era, if you are looking for one of the best jobs in India, full-stack development is one. The course will help them understand, how the backend of a website functions, and the design elements that you need to know. Mix these with internships and projects to build and strengthen your portfolio.
Top employers
- Barclays
- IBM
- Dell
- Siemens
- E2logy
- Simpalm
- ChromeInfotech
6) Product Management
Salary
According to LinkedIn, the average salary of Product Managers in India is Rs. 14,40,000 LPA. Freshers with little or no experience in this domain can earn around Rs. 7-8 LPA, whereas experienced professionals can earn anywhere between Rs. 17 26 LPA.The higher range of salaries is mostly offered by companies like Amazon, Flipkart, and Ola, to name a few. Heres a picture of the average salary range offered by companies in India:
Industry
Indias industrial canvas is expanding rapidly. From IT/ITeS firms, Data Science/Big Data-based companies, FMCG enterprises, retail, and telecom companies every business nowadays follows a customer-centric approach. Thus, product design, development, and management are fast taking the forefront. Naturally, Product Management has emerged as a crucial role in the Indian industry. In the coming years, the demand for Product Managers in India will double up.
Educational qualification
The basic education qualification required for Product Management roles is a bachelors degree in Business Administration or related fields like Economics/Communications/Marketing/Public Relations/Advertising/Management. Usually, firms require advanced educational degrees for senior-level Product Management job roles.
Skills
- Empathy and a keen eye for understanding customer needs
- Collaboration, since the product manager will be working with a variety of divisions
- An eye for aesthetics
- Ability to set deadlines and meet them for prototypes, product manufacture, and delivery
- Excellent oratory and negotiation skills.
Job Profile
In large corporations, product management is a coveted position. Product Manager is responsible for the strategy, marketing, feature definition, forecasting of the product or product line among other things.In simpler terms, the product manager is responsible for understanding customer requirements, envisioning the necessary features,and working with the engineering team to build them. If you are looking for jobs with a high salary, consider becoming a product manager, but make sure you have the passion for it. Product manager is one of the highest-paid jobs in India. There are a variety of roles ranging from Associate Product Manager to the Chief Product Officer.
Responsibilities of a Product Manager
- To define the product vision, strategy, and roadmap.
- To collect, prioritise, and manage market and customer requirements.
- To develop business cases for new products and enhance existing products.
- To collaborate with engineering, sales, marketing, and support teams to ensure that both businessand customer goals are fulfilled.
Most Important HR Interview Questions
7) Management Consultant
Salary
According toPayScale, the average salary of a Management Consultant in India is Rs. 11,49,770 LPA. Entry-level Management Consultants usually make around Rs. 6 7 LPA while those having a few years of industry experience can earn between Rs. 8 11 LPA. For experienced Management Consultants, the salary scale ranges from Rs. 18 23 LPA.
The image below depicts the salary ranges of Management Consultants in different companies:
Industry
In India, the Management Consulting industry isgrowing at a CAGR of 30%. The Associated Chambers of Commerce and Industry estimates that theIndian Management Consulting industry will generate Rs. 270 millionin revenues by the end of 2020. Approximately, there are over 10,000 consulting firms, with around 6,000 firms established in just four metro cities Mumbai, Delhi, Chennai, and Kolkata.
Educational qualifications
Management Consultants must possess a bachelors or masters degree in business-related fields. Although candidates from all fields can get an entry in Management Consulting, some specializations like Finance, Economics, or Accounting, are preferred. Today, Management Consulting certifications are also gaining acceptance and acknowledgement by many companies.
Skills
- Knowledge of business, finance, economics, mathematics
- Ability to work as part of a team
- Interpersonal and communication skills oral and written
- Problem-solving skills
- Ability to cope with challenges and pressure
Job Profile
The primary role of management consultants is to help companies solve problems, improve performance, and maximize growth. Youll be concerned with the strategy, structure, management, and operations of the company.
Responsibilities of a Management Consultant
- Tohold meetings with clients to discuss areas of proposed improvements.
- To perform quantitative and qualitative analysis for a proposed solution.
- To present the findings from the analyses before the client.
- To develop and present a plan to implement the recommended changes/solution.
How to become a Management Consultant?
After graduating with a bachelors degree in Business Administration/Economics/Finance/Accounting/Management or related areas, the best course is to pursue an MBA program or aPGPM course. After that, candidates usually gain work experience and complete Management Certification courses.
A Bachelors degree in business, economics, finance, management or related areas is necessary for most organizations. Some even look for an MBA. You can couple these degrees with relevant work experience to strengthen your CV.
Top employers
- McKinsey & Co.
- KPMG
- PwC
- Accenture
- Deloitte
- Ernst & Young
8) Investment Banker
We have heard so much about this career profile, seen a lot of Hollywood & Bollywood actors play this role. One of thehighest paying jobs worldwide, an investment banker helps their client (a bank or a firm) investtheir money wisely for the highest possible returns.It has always been one of thebest jobs in India, and dealing with money yours and others is the stuff of dreams.
Salary
The average salary of Investment Bankers in India ranges from 4 40 LPA, making it one of thetop paid jobs in India. For freshers, the pay scale begins from 10 12 LPA. Mid-career & experienced professionals can earn up to 30 LPA and more, as the experience grows.According to Glassdoor, the salary package for Investment Banker in some of the top companies in India is as follows:
Industry
India boasts of a diverse banking and financial services network thats continuously expanding, thanks to the rapid growth of existing financial institutions and new players entering the industry. This has been one of the best jobs in India for years now. The investment banking sector in India is also growing steadily. In 2019 (H1CY19) investment banking activities brought in arevenue of US$ 522.9 million, recording an increase of 10.8% over the same period in 2018.
Educational qualification
Investment Bankers must at least hold a bachelors degree in Finance/Economics/Mathematics/Business Administration or related subjects. If they have a masters degree in any of these specializations, it is even better.
Skills
To become an investment banker, you need to
- Be very good with statistics/calculations
- Have strong research and analytical skills since youll be making suggestions about potential investments.
- Be on your toes, at all times. After all, in addition to being one of the highest paying jobs in India, it is also a fast-paced one.
- Have strong verbal, communication, and presentation skills since that is what most of your job will entail convincing people or firms to invest in certain domains.
Job Profile
Investment Banking is a high demand career in India. Professionals who specialize in Finance from reputed institutions like IIM select this as a career option. One of the highest paying jobs worldwide, an Investment Banker helps their client (a bank or a firm) invest their money wisely for the highest possible returns. It is one of the highest-paid jobs in India. It has always been one of the best jobs in India, and dealing with money yours and others is the stuff of dreams.
Investment Bankers offer a host of financial servicesproprietary trading, trading securities, assisting inmergers and acquisitions (M&As), and helping their clients raise money in capital markets by issuing debt or selling equity in the companies.
Responsibilities of Investment Bankers
- To develop different types of financial models for debt and equity valuation for mergers, acquisitions, and capital raising transactions.
- To advise clients on unique investment opportunities and recommend product offerings, private equity transactions, and mergers and acquisitions.
- To develop relationships with new and existing clients.
How to be an Investment Banker?
Most students opt for an MBA (Finance) and then specialize in IB.However, the best option is to go for anMBA in Digital Banking & Finance.If, instead of a degree, you are looking for a skills-based approach, then in India, one of the best places for learning these skills is The WallStreet School, Delhi offers a course is to make trainees job-ready and hence, a practical approach is followed. The sessions which are held over 6 weeks feel like corporate training and not a classroom, and they take great pains to ensure that all their students are placed.
Top employers
- Goldman Sachs
- JP Morgan Chase
- Citibank
- Deutsche Bank
- HSBC
- Axis Capital Ltd.
- ICICI Securities Ltd.
- IDBI Capital
9) Chartered Accountant
Salary
Starting from Rs. 6-7 LPA, thesalary of a CAcan rise up to 30 LPA or more, depending on the expertise and experience.
International salaries can go as high as Rs. 75 LPA. Chartered Accountants with experience of 3 4 years are paid in the range of 8 to 12 lakhs. Listed below are a few companies that hire CAs and their pay scale:
Industry
Chartered Accountants are members of ICAI (Institute of Chartered Accountants of India), the only national accounting body in India. As of 2018, thenumber of CAs in the countrystood at about 2.82 lakhs.At present, India faces a huge shortage in this industry.For the 6.8 crore taxpayers in the country, there are only 1.25 lakh full-time practitioners.
However,since the number of taxpayers in India continues to grow every year, the demand for CAs also increases each year. From large corporations to small companies, CAs are hired by a wide range of firms to serve as financial advisors.
Educational qualifications
Commerce graduates and postgraduates having a minimum of 55% marks and intermediate level passed students of Institute of Company Secretaries of India and Institute of Cost Accountants of India can pursue the Intermediate course offered by ICAI. Graduates/postgraduates in other disciplines can also pursue ICAIs CA course, however, their minimum cut-off percentage is 60%.
Skills
- Strong communication skills to convey complex financial aspects to your clients in an easy-to-understand manner.
- Awareness about the industry he/she is working in to be able to clients effectively.
- Strongnumerical and analytical skills to be able to work with numbersand make effective decisions based on them.
Job Profile
CAs work in every industry and provide financial expertise for managing money well. They provide accountancy, tax, and audit services to clients and help you to understand things like the GST reform, any change in taxation policies, or salary-related issues.
Responsibilities of a Chartered Accountant
- To maintain accounts and prepare financial statements.
- To implement accounting systems and processes.
- To prepare monthly financial reports.
- To reconcile income statements.
- To perform auditing and taxation services.
How to become a Chartered Accountant?
The CA course is regulated by The Institute of Chartered Accountants of India (ICAI), New Delhi. It has 4 important levels:
- Common Proficiency Test
- Integrated Competence Professional Course
- 3 years articleship/ training under a practising CA
- CA final
More details can be found atICAI Website
Top employers
- Standard Chartered
- Deloitte
- KPMG
- Ernst & Young
- BDO International
- Grant Thornton International
10) Marketing Manager
Salary
According to PayScale, the salary of a Marketing Manager in India is Rs. 7,01,976 LPA. Entry-level professionals generally earn around Rs. 4 6 LPA, whereas mid-level professionals with some experience make anywhere between Rs. 10 12 LPA. Experienced managers earn higher salaries, nearing around Rs. 15 22 LPA making it one of thehighest salary jobs in India.
Below is a depiction of the average salaries of Marketing Managers in different companies in India:
Industry
Marketing is one of the core elements of every business in any industrial sector. Thanks to the rapid digitization and technological advancement, the marketing industry is growing by leaps and bounds. For example,Indias Digital Marketing industrywill exceed INR 225 billion by the end of 2020, producing over 20 lakh jobs. An increasing number of companies hire Marketing professionals who can add value to the organization.
Educational qualifications
Marketing Managers must have a bachelors degree in Marketing Management or Business Administration. However, candidates specializing in other domains likeAccounting/Finance/Business Law/Economics/Statistics can also become Marketing Managers. Anyone who has advanced degrees like a masters degree or MBA is highly preferred.
Skills
- Effective communication and interpersonal skills.
- Strategic planning and problem-solving skills.
- Team spirit and collaborative attitude.
- Leadership and management skills.
- Excellent sales and negotiation skills.
Job profile
Marketing Managers work across all parallels of the industry, including software/IT, automotive, finance, retail, manufacturing, etc. They collaborate with product development teams to design innovative products and solutions that align with company objectives and customer demands.
Conclusion
These are thetop 10 highest paying jobs in India that will help you grow financially / that will be in demand.The above list clearly illustrates how a high salary package is independent of the industry one works in.The opportunity for good, jobs with high salary exists in every sector.We hope you liked our highest paid jobs in India list. One only needs to be clear about their goal, know which path to take, and preserve in order to make the best of that opportunity.
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