Top 10 Highest-Paying Jobs in India: Blockchain Developers vs. Doctors
 |
| Top 10 Highest-Paying Jobs In India. Photo: KnowInsiders.com |
| Table of Contents |
Striving for financial stability is important to ensure a high quality of life and a secure future. If your question is ‘Which job has the highest salary in India?’ then we may have some answers.
India's labor market has experienced a dramatic transformation. Even though well-known career paths like becoming a "engineer," "doctor," or " architect" are still respected and relevant today, a lot more options have emerged and completely changed the Indian labor market.
To be honest, money is a great motivator and can help students make decisions about their careers, but most of them are confused about what to choose. Making confident decisions about your career path will be easier if you are aware of the highest paying jobs in India.
What are the highest-paying jobs in India?
#1 Data Scientist
 |
| Photo 365 Data Scientist |
A data scientist is someone who uses data to analyse business and market trends. It is one of the highest paying jobs in India and probably a job that can help you earn around INR 6LPA in India as a starting salary package. The number definitely increases with time and now you know that this the job that Chandler did that had something to do with numbers. A Data Scientist with a minimum of 5 years of work experience can earn around INR 60LPA. Now, imagine writers who only earn INR 3LPA, henceforth, feel lucky if this is your area of interest or if you have gained specialization in Data Science.
Required Educational Qualifications
There can be many paths to enter into the Data Science field but there are some common paths I would like to mention that are accepted by giant firms or MNCs.
B.Tech/Graduation in Mathematics/Statistics/Computer Science or any other is also prefered.
Master’s with specialization in Data Science (not mandatory)
A lot of students also pursue PG Diploma in Data Science after their graduation to get hold of skills like programming languages and complex formulas.
Required Skills
Apart from educational qualifications students definitely need the following skills to become successful data scientists in India:
Ability to analyze the data of the business to drive results
An understanding of the audience’s psychology and market trends
Understanding of the advanced analytics techniques for data mining
Understanding of computer programming languages
#2 Machine Learning Specialist
Salary Range
Artificial Intelligence and Machine Learning Specialist salaries in India range from 20,000 INR per month (minimum salary) to 55,900 INR per month (maximum salary).
Median Salary
The median salary is 34,100 INR per month, which means that half (50%) of people working as Artificial Intelligence and Machine Learning Specialist(s) are earning less than 34,100 INR while the other half are earning more than 34,100 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
| Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Artificial Intelligence and Machine Learning Specialist(s) are earning less than 24,300 INR while 75% of them are earning more than 24,300 INR. Also from the diagram, 75% of Artificial Intelligence and Machine Learning Specialist(s) are earning less than 41,400 INR while 25% are earning more than 41,400 INR. |
#3 Product Manager
A product manager is a professional who recognises the customer's needs in a product that the customer will satisfy.
They own the business strategy behind both physical and digital products and also specify their functional requirements and manage the launch of features.
They also coordinate the work of software engineers, data scientists and product scientists and are ultimately responsible for the business success of the product.
A product manager in India can earn around Rs. 25 lakhs per annum.
Required Skills
Although candidates do need educational degrees, they need certain skills as well to become a product managers.
Understanding of consumers’ needs
Must have impeccable communication and negotiation skills
Must be good at collaborating with the team and outside the team
Ability to make things done on time
Roles & Responsibilities
A product manager is someone who handles the queries of consumers and makes strategies to promote the product according to that. He is the one who defines the product’s vision and strategies as per the market and customer requirements. A product manager is a person who is responsible for product’s marketing as well and he enhances existing products. Hence, the salary of a product manager is always high and if you get experience in the product management field then it will be like icing on the cake.
READ MORE: Top 9 Highest-paying Jobs in 2020 in the World
#4 Artificial Intelligence Engineer
Required Educational Qualifications
AI Engineer is an extremely professional and technical field and hence you need to fulfil the following eligibility criteria to become an AI Engineer:
You must have a B.Tech/B.E. degree or a bachelor’s degree in Mathematics/Computer Science/Statistics from a recognized university.
A master’s or a PhD in the same field.
Required Skills
Understanding of algorithms and Mathematical methods
Understanding of Machine Learning, Neural Networks, and Deep Learning
Must know programming skills like Python, R, and Torch.
Roles & Responsibilities
Developing new applications based on Machine Learning to improve the performance of the business.
Maintaining coordination between Data Scientists and Business Analysts
Developing and programming complex networks based on AI
Develop viable products that require Machine Learning
| Top Recruiters Tata Consultancy Services (TCS) Accenture IBM Infosys |
#5 Medical Professionals (Doctors)
 |
| Photo BioVoice News |
The medical professional is not only extremely important but also one of the most respected professions. Even in today’s pandemic, doctors and surgeons are on the frontline. The medical field is really vast, you can specialize in every part of the human body but it’s not just limited to humans, you can also become a vet. Surgeons are even more highly paid. You have to do careful research and figure out which filed of study interests you the most.
Salary can start from 10 LPA and goes up very high. Top recruiting companies for medical professionals are Mankind Pharma, Cipla, Zydus Cadila, Ajanta Pharma etc.
Educational Qualification
Bachelor’s degree in medicine, surgery, dentistry, Ayurveda, homeopathy, veterinary medicine, etc.
For further specialization, you can do MD DO in your field
| Some of the best medical colleges in India All India Institute of Medical Sciences New Delhi Christian Medical College, Vellore There are many governments and private colleges in every state. |
#6 Blockchain Developer/Engineer
 |
| Photo Techgig |
The Indian government may have had a complicated relationship with blockchain and cryptocurrencies but now not only the ban on cryptocurrencies has been lifted but also the state bank of India(SBI), the largest bank in India has adopted blockchain for its KYC procedures and soon many other banks are to follow. Blockchain is the hottest field right now. It is revolutionary and is redefining everything from data security to currency transactions. Both the private and public sectors are adopting this technology and soon there will be a lack of specialists. Blockchain developer must possess both hard and soft skills, as they are required to handle and manage lot of responsibilities.
Educational Qualification
B.E./ B. Tech degree
Bachelor’s or Master’s degree in computer applications
#7 Management Consultant
 |
| Photo Consultancy |
If you are somebody who loves to help improve your company’s performance and solve problems while maximizing growth, then management consultancy is the right career for you. These experts help their clients grow and eliminate their problems while also dealing with operations of the company and are concerned with management, structure, and strategy.
The current annual growth rate for the Management Consulting industry is around 30% and there is a 4.1% growth seen in the industry globally. The Indian Management Consulting Industry is also estimated to generate Rs. 27,000crore in revenues by the end of 2020.
Pay Scale
The average salary for management consultants is Rs. 11,87,585 per annum. While freshers can enjoy a yearly pay scale of Rs. 6 lakh to Rs. 7 lakh per annum, those with more experience can earn anywhere between Rs. 11 lakh to Rs. 23 lakh per annum making this one of the highest paying jobs in India.
Educational Qualification
A Bachelor’s or Master’s degree in any business discipline is essential. While there are specialized courses available for graduates, those specializing in Economics, Finance, or Accounting can also become management consultants.
#8 Chartered Accountant
 |
| Photo Economic Times |
Chartered Accountants (CA) are members of the ICAI (Institute of Chartered Accountants of India) which is the only national accounting body in the country. There is a high demand for CAs in the country but also a huge shortage making this profession highly lucrative. From small firms to large corporations, the need for a CA is everywhere.
Additionally, this is also considered to be a job with high job security and will always be in demand. Companies such as Standard Chartered, BHEL, Citibank are some of the top recruiters for CAs in the country.
Pay Scale
The current average salary offered to CAs is around Rs. 8,04,292 per annum and can go up to Rs. 20 lakhs per annum depending on the experience. More the experience, greater is the pay.
Educational Qualification
Commerce graduates and postgraduates with a minimum percentage of 55% or students of the Institute of Company Secretaries of India and Institute of Cost Accountants of India who have passed the intermediate level can apply. These exams are known to be notoriously hard to crack and require discipline and dedication.
#9 Full-Stack Developer
A full-stack developer is a professional who can make both client and server software.
They do work in both front-end and back-end development and also decide the stage of development from concept to end product.
They should know how to program a browser, server and database, like using JavaScript, jQuery, angular etc.
The average yearly salary of a full stack developer in India is about Rs. 11 lakhs per annum.
#10 Cloud Architect
A cloud architect is responsible for analysing a company’s cloud computing strategy and includes cloud adoption plans and design, cloud management and monitoring.
So what qualifications are you required to have to make the cut, if you like? About half of the employees placed in different companies as cloud architects have a PostGraduate degree. About 49% of other cloud architects are graduates, and only 1% have a Ph.D. degree. Now let us see the salary of people with different educational qualifications.
If you are a graduate, you will be paid around Rs 1,500,000 per annum. A cloud architect with a PostGraduate degree is paid around Rs 1,900,000 per annum. If you have an MBA degree, your salary can go up to nearly Rs 2,000,000 per annum. So you can see that your educational qualifications indeed matter.
A cloud computing course, whether online or classroom learning, could be the key differentiator when it comes to organizations choosing you over all the other candidates that have just a college PG or graduate degree. This short-term course will only focus on the aspects that you should know of and the situations that you must be prepared to handle as a cloud architect.
 How Much Does Fashion Designer Earn Per Year in The US? How much money do the fashion designers in US get paid per year? And what do they do? Scroll down to know more about this ... |
 How Do Real Estate Agents Get Paid? Do you want to become a real estate agent and wonder how much they earn and how they get paid? |
 Top 10 Highest-Paid Female Models in the World Modelling is a tough industry that keeps the people involved on their toes, yet it's demanding and rewarding. Check out the top 10 highest-paid female ... |
