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Top 10 Highest Paying Jobs In India to Start A Career in 2023
Ankit Sahu
5 months ago
Are you looking for a job that pays well and provides a great
opportunity for career growth? Are you searching for the highest paying jobs in
India? If so, then it’s time to unlock your potential!
In this article, we will explore the different industries with the
highest salary potential and what qualifications are needed to get these
positions.
We will also look at how the job market is changing for high-paying
roles, as well as how you can stand out from other candidates when applying for
these positions. So let's get started!
The Current Job Market in India
The
job market in India is constantly changing, with new opportunities opening up
all the time. But what are the highest-paying jobs in India?
What qualifications do you need
to secure these positions and stand out from other candidates?
In this section, we will explore
the current job market in India and uncover which industries offer some of the
best salary potentials. So let's get started!
Overview of current job market trends
The job market in India is constantly changing, and that means it
can be hard to keep up with the latest trends. To help you stay ahead of the
curve, here is an overview of current job market trends:
- The demand for highly skilled professionals continues to grow, particularly in areas such as technology, data science, analytics, and engineering.
- There has been a rise in remote work opportunities due to flexible working arrangements being adopted by companies across different industries.
- Companies are focusing more on employee experience than ever before, which means there will be increased competition for top talent.
- Employers increasingly value soft skills over hard skills when making hiring decisions. Therefore job seekers should focus on developing their interpersonal skills as well as technical ones.
Economic Growth and its Impact on the job market
India's economy has grown a lot, which is good for the job market.
More people want to hire professionals with skills. Companies can spend more
money on hiring these people and giving them better jobs and higher pay.
In India, the job market is ever-changing and it can be difficult
to keep up with the latest trends. To help you get ahead of the curve, here are
some key industries with high-paying job opportunities in India in 2023:
- Technology – The demand for highly skilled professionals continues to grow in areas such as data science, analytics, and engineering.
- Healthcare – With an aging population and rising healthcare costs, this sector offers excellent career potential.
- Financial Services – This industry pays well due to its complex nature and need for experienced professionals.
- Education– There is a growing demand for qualified teachers due to increased enrollment rates across all levels of education.
Top Highest Paying Jobs in India 2023
Are you looking for a job that pays well and provides great
opportunities for career growth? Are you searching for the top highest paying
jobs in India? Then look no further!
In this section, we will explore the different industries with the
highest salary potential and what qualifications are needed to get these
positions.
We will also look at how the job market is changing for high-paying
roles, as well as how to stand out from other candidates when applying for these
positions.
So if you’re serious about finding one of the best paying jobs in
India, keep reading!
1. Information Technology (IT) sector jobs
The Information Technology (IT) sector is one of the most powerful
and important industries in India. As technology advances and more businesses
rely on IT services, the demand for skilled professionals in this field is only
increasing.
IT jobs are known to be some of the highest paying roles in India,
with salaries ranging from ₹6-15 lakhs per year. To get a job in the IT sector,
you will need to have strong technical skills, such as programming and software
development.
2. Medical Professionals
The medical industry in India is one of the most important and
rapidly growing sectors. With an aging population and rising healthcare costs,
this sector offers excellent career potential for professionals with the right
qualifications.
Medical professionals are some of the highest paid individuals in
India, with salaries ranging from ₹4-15 lakhs per year depending on their
specialization.
To get a job in this field, you will need to have specialized
knowledge and skills such as medicine or nursing.
Additionally, many employers value soft skills such as
communication, problem-solving, and leadership which can help set you apart from
other candidates when applying for these roles.
India should include specialized knowledge and skills such as
medicine or nursing, strong technical skills, communication, problem-solving,
and leadership.
Additionally employers may value soft skills when making hiring
decisions.
Top employers:
- AIIMS
- Fortis Healthcare
- Apollo Hospitals
- Max Healthcare
- Aditya Birla Memorial
- Parvathy Hospital, Chennai
Average salary for medical professionals:
- Mumbai - INR 60,964 /mo
- Bangalore - INR 51,210 /mo
- Pune - INR 50,462 /mo
- New Delhi - INR 78,064 /mo
- Hyderabad - INR 51,169 /mo
Salary Insights:
Company | Average Salary (per annum) |
All India Institute of Medical Sciences | INR 12,00,000 /yr |
Fortis Healthcare | INR 7,44,000 /yr |
Apollo Hospitals | INR 9,00,000 /yr |
Max Healthcare | INR 15,79,000 /yr |
Aditya Birla Memorial | INR 17,00,000 /yr |
KEM Hospital | INR 10,56,000 /yr |
Source: Glassdoor
3. Data Scientists
Data Science is an emerging field of study in India and it is
gaining prominence among job seekers.
Data Scientists are highly sought after due to their ability to
interpret large amounts of data and draw meaningful insights that can help
businesses make better decisions.
Data Scientists are responsible for analyzing data, a process known
as ‘data mining’ which involves gathering and processing large amounts of
structured and unstructured data.
They then use a range of tools to interpret the data and generate
insights.
Data Scientists need at least a Bachelor's degree in Computer
Science or a related field, as well as knowledge of programming languages such
as Python or R.
Most employers also prefer to hire candidates with experience in
data analytics or machine learning.
Data Scientists can find job opportunities at tech companies,
government agencies, and research firms. Popular roles include data analyst, software
engineer, machine learning engineer, and research analyst.
The demand for Data Scientists is increasing in India and salaries
can range between ₹10-25 lakhs per annum, depending on qualifications and
experience.
To stand out as a candidate, it’s important to stay up to date with
the latest industry trends and technologies.
Top Employers:
- Amazon
- Procter & Gamble
- Walmart Labs
- AskTalos
- Accenture
- TCS
- Deloitte
Average salary for Data Scientists:
- Mumbai - INR 83,300 /mo
- Bangalore - INR 96,600 /mo
- Pune - INR 66,600 /mo
- New Delhi - INR 1 Lakh /mo
- Hyderabad - INR 83,000 /mo
Salary Insights
Company | Average Salary (per annum) |
Accenture | INR 13,90,014 /yr |
Tata Consultancy Services | INR 6,52,035 /yr |
IBM | INR 9,55,404 /yr |
Optum | INR 15,12,321 /yr |
Amazon | INR 20,81,693 /yr |
Deloitte | INR 11,10,169 /yr |
Source: Glassdoor
4. Machine Learning Experts
Machine Learning Experts are highly sought after in India due to
their ability to use sophisticated algorithms and techniques to interpret large
amounts of data.
They have the potential to revolutionize the way businesses
operate, as they can provide more accurate predictions and insights.
To become a Machine Learning Expert in India, you will need to have
at least a Bachelor’s degree in Computer Science or a related field.
You will also need to know programming languages such as Python or
R, and experience with machine learning frameworks such as TensorFlow or Keras.
Machine Learning Experts are in high demand in India and can find
job opportunities at tech companies, government agencies, and research firms.
Popular roles include software engineer, machine learning engineer,
and research analyst. Salaries for Machine Learning Experts can range between
₹10-25 lakhs per annum, depending on qualifications and experience.
Top Employers:
- Accenture
- IBM
- ITC Infotech
- Zycus
- Quantiphi
- Infosys
Average salary for Machine Learning Experts:
- Mumbai - INR 72,225 /mo
- Bangalore - INR 82842 /mo
- Pune - INR 55,036 /mo
- New Delhi - INR 78,897 /mo
- Hyderabad - INR 83,300 /mo
Salary Insights:
Company | Average Salary (per annum) |
Tata Consultancy Services | INR 8,42,063 /yr |
EXL Services | INR 8,32,677 /yr |
Google | INR 14,00,000 /yr |
IBM | INR 9,00,000 /yr |
Tech Mahindra | INR 12,00,000 /yr |
Microsoft | INR 10,00,000 /yr |
Source: Glassdoor
5. Engineering Jobs in India
The engineering industry is one of the most important and rapidly
growing sectors in India. It offers a wide range of job opportunities for
professionals with technical skills and qualifications.
Engineers are highly sought after by employers due to their
expertise in problem-solving, design, analysis, construction, and maintenance.
There are various types of engineering jobs available such as
mechanical engineering, electrical engineering, civil engineering, and more.
- To get an entry-level position as an engineer in India you will need at least a Bachelor’s degree or Diploma from an accredited university or college related to your field of study (e.g., Mechanical Engineering).
- Some companies may require additional certifications or experience depending on the type of role they are looking to fill (e.g., software engineers may require coding certifications).
With the rapid growth of technology across all industries there has
been an increased demand for engineers with specialized knowledge and skill
sets needed to develop innovative solutions that can help businesses remain
competitive globally.
6. Blockchain Developer
A Blockchain Developer is a professional who specializes in
developing and maintaining distributed ledger systems (Blockchain), which are
secure, decentralized networks used to store and transfer data.
In India, the demand for blockchain developers has been on the
rise, as companies seek to leverage the technology for various applications.
- Bachelor’s degree in Computer Science or a related field.
- Knowledge of programming languages such as JavaScript and Solidity.
- Experience with blockchain technologies such as Ethereum, Hyperledger Fabric or Corda.
Blockchain Developers can find job opportunities at tech companies,
government agencies, and research firms. Popular roles include software
engineer, blockchain developer and analyst.
Salaries for Blockchain Developers can range from ₹10-25 lakhs per
annum, depending on qualifications and experience.
Top Employers:
- Cyient
- Tata Elxsi
- Primchain
- Birla Soft
- Accenture
- Wipro
- MindTree
Average salary for Blockchain Developer:
- Mumbai - INR 48,615 /mo
- Bangalore - INR 58,300 /mo
- Pune -INR 67,834 /mo
- New Delhi - INR 58,372 /mo
- Hyderabad - INR 33,300 /mo
Salary Insights:
Company | Average Salary (per annum) |
HCL Tech | INR 19L - 21L |
IBM | INR 10L |
Cisco Systems | INR 14L - 15L |
Wipro Technologies | INR 15L - 16L |
Tata Consultancy Services | INR 8L - 10L |
Source: Glassdoor
7. Full Stack Software Developer
Full Stack Software Developers are professionals who specialize in developing
complex web and mobile applications. In India, they are highly sought after due
to their technical expertise and ability to build robust web-based
applications.
- Bachelor’s degree in Computer Science or a related field.
- Knowledge of programming languages such as HTML, CSS, JavaScript, and Python.
- Experience with database technologies such as MySQL or MongoDB.
Full Stack Software Developers can find job opportunities at tech
companies, government agencies, and research firms.
Popular roles include software engineer, web developer, and
software architect. Salaries for Full Stack Software Developers in India can
range from ₹10-25 lakhs per annum, depending on qualifications and experience.
To stand out as a candidate, it’s important to stay up to date with
the latest industry trends and technologies.
Top Employers:
- Deloitte
- Dell
- IBM
- Siemens
- Microsoft
- Oracle
Average salary for Full Stack Software Developer:
- Mumbai - INR 52,117 /mo
- Bangalore - INR 62,500 /mo
- Pune - INR 58,625 /mo
- New Delhi - INR 55,521 /mo
- Hyderabad - INR 56,812 /mo
Salary Insights:
Company | Average Salary (per annum) |
Siemens | INR 7L - 8L |
Cognizant | INR 6L - 7L |
Accenture | INR 6L - 7L |
IBM | INR 7L - 8L |
Tata Consultancy Services | INR 8L |
Source: Glassdoor
8. Finance and Accounting jobs
The finance and accounting industry is one of the most important
sectors in India, with job opportunities for professionals who have a strong
background in financial management.
This sector offers excellent salaries ranging from ₹4-15 lakhs per
year, depending on qualifications and experience.
To stand out as a candidate for these roles, it’s important to
understand the different qualifications needed and what kind of opportunities
are available in this field.
Here are some key points about the finance and accounting industry
in India:
To get an entry level job as a finance or accounting professional,
you will need at least a Bachelor’s degree in finance or accounting from an
accredited university. Additionally, most employers prefer candidates with some
experience working in the finance industry.
Finance and accounting professionals can find job opportunities
across a wide range of industries. Some of the most popular roles include
financial advisors, accountants, auditors, and analysts.
9. Commercial Pilot
Being a pilot is a dream job for many people since it involves getting to travel to exotic locations and experiencing the best of what the world has to offer in terms of culture and experiences. Being a pilot, especially a commercial one, entails a number of benefits.
A commercial pilot is responsible for controlling the aircraft and making sure that all flight operations, such as pre-flight inspections and aircraft operations, are carried out safely.
Currently, a commercial pilot makes an average base income of Rs. 17,00,000 annually. With bonuses, overtime pay, and other compensation, a pilot with less than a year of experience can expect to make roughly INR 25 lakh per year.
Average salary for Commercial Pilot:
- Mumbai - INR 1,59,953 /mo
- Bangalore - INR 1,52,773 /mo
- Pune - INR 1, 53,790 /mo
- New Delhi - INR 3,69,159 /mo
- Hyderabad - INR 1,68, 371 /mo
10. Product Management
Product Management is an integral part of the tech industry in
India.
Product Managers are responsible for overseeing a product’s
development from ideation to launch and beyond, ensuring that business
objectives and customer needs are met.
To become a successful Product Manager in India, one must possess
strong analytical, communication and problem-solving skills.
- Bachelor’s degree in Business, Computer Science, or a related field.
- Knowledge of product management processes and tools such as Agile and Kanban.
- Experience with market and customer research methods.
Product Managers can find job opportunities at tech companies,
government agencies and research firms. Popular roles include product manager,
product analyst, and program manager.
Salaries for Product Managers in India can range from ₹10-25 lakhs
per annum, depending on qualifications and experience.
Top Employers:
- Amazon
- Microsoft
- Flipkart
- Salesforce
- Uber
- Ola
Average salary for Product Management:
- Mumbai - INR 1,00000 /mo
- Bangalore - INR 1,83,300 /mo
- Pune - INR 1,83,300 /mo
- New Delhi - INR 1,75,000 /mo
- Hyderabad - INR 1,08,300 /mo
Salary Insights:
Company | Average Salary (per annum) |
Tata Communications | INR 11L - 12L |
Larsen & Toubro | INR 11L - 15L |
ICICI Bank | INR 9L - 14L |
Zoho | INR 4L - 16L |
Whitehat Jr | INR 4L - 6L |
Source: Glassdoor
11. Legal professionals
Legal professionals play an important role in the Indian legal
system. They are responsible for providing advice and assistance on a range of
legal matters, such as contracts, corporate law, criminal law, civil disputes
and more.
To become a legal professional in India, you will need to have at
least a Bachelor’s degree in Law from an accredited university.
In addition to a Bachelor’s degree, legal professionals need to
also have a working knowledge of Indian laws and regulations. To stand out as a
candidate, it is important to gain experience by participating in moot court
competitions or internships at law firms.
Legal professionals can work in a variety of settings, including
law firms, government agencies and corporations. Common roles available include
lawyers, paralegals and legal secretaries.
With the right experience and qualifications, legal professionals
can also find opportunities to become judges or corporate counsels.
12. Management Consultant
Management Consultants are professionals who specialize in
providing business, financial and strategic advice to organizations.
They help companies identify areas where they can improve
efficiency and profitability, as well as develop strategies to achieve their
long-term objectives.
In India, the demand for management consultants has been growing
due to the increasing complexity of business operations in the country.
- Bachelor’s degree in Business, Economics, or a related field.
- Knowledge of management consulting processes and tools such as SWOT analysis and KPI tracking.
- Experience with statistical software packages such as SPSS and Minab.
Management Consultants can find job opportunities at consulting
firms, government agencies and research organizations. Popular roles include
consultant, project manager and analyst.
Salaries for Management Consultants in India can range from ₹10-25
lakhs per annum, depending on qualifications and experience.
Top Employers:
- KPMG
- McKinsey & Co.
- Deloitte
- Ernst & Young
- Accenture
- PwC
Average salary for Management Consultant:
- Mumbai - INR 2,08,300 /mo
- Bangalore - INR 1,91,600 /mo
- Pune - INR 1,16,600 /mo
- New Delhi - INR 1,91,600 /mo
- Hyderabad - INR 1,75,000 /mo
Salary Insights:
Company | Average Salary (per annum) |
Accenture | INR 26L |
PwC | INR 15L - 16L |
KPMG | INR 17L - 19L |
McKinsey & Company | INR 7L - 8L |
Source: Glassdoor
13. Solutions Architect
Does it seem interesting to develop and create new systems to aid in the smooth operation of a firm while detecting issues and locating solutions? If yes, then the best career to pursue is solution architecture.
By developing, planning, and implementing various solutions and arrangements within a firm, a solutions architect assists in translating business objectives and goals into useful, concrete tasks.
This career has a huge range of work and tasks because one can engage in quality control, company growth, management, coaching, and much more.
While the base yearly wage for freshers is often in the range of INR 6 lakh per annum, the average salary for a solutions architect is INR 15,00,000 per year. However, with more than 6 years of expertise, the annual remuneration can reach INR 25 lakh.
Average salary for Solutions Architect:
- Mumbai - INR 1,75,000 /mo
- Bangalore - INR 2,08,300 /mo
- Pune - INR 2,08,300 /mo
- New Delhi - INR 1,91,600 /mo
- Hyderabad - INR 1,91,600 /mo
14. Investment Banker
Investment Bankers in India are professionals who specialize in
providing financial advice to organizations, helping them make informed
decisions on investments and acquisitions.
They also provide services such as capital raising, mergers and
acquisitions, restructuring, and portfolio management.
To become a successful Investment Banker in India, one must possess
strong analytical skills along with knowledge of the investment banking
industry.
- Bachelor’s degree in Finance or Economics.
- Knowledge of investment banking processes and tools such as valuation models and financial statements analysis.
- Experience with statistical software packages such as Bloomberg Terminal Opportunities Available for Investment Banking.
- Investment Bankers can find job opportunities at banks, hedge funds, or private equity firms. Popular roles include analyst or associate.
These are some of the highest paying jobs in India, and with the
right qualifications and experience, you can stand out as a candidate for these
positions.
Opportunities Available for Investment Bankers in India have been
steadily increasing over the past few years.
With banking becoming more digitized and technology-driven,
investment bankers are in high demand to provide financial advice and services
that are tailored to the individual needs of clients. Popular roles for these
positions include analyst, associate or director.
Salaries for Investment Bankers in India can range from ₹10-25
lakhs per annum, depending on qualifications and experience.
To become a successful Investment Banker in India, one must possess
strong analytical skills along with knowledge of the investment banking
industry.
15. Chartered Accountant
Every sector needs Chartered Accountants (CA) since they act as financial consultants and advise clients on effective money management. CAs are in high demand and are one of the highest-paying professionals in India.
Graduates in commerce must pass the CA exam administered by the Institute of Chartered Accountants of India (ICAI), New Delhi, in order to practice as a CA.
Chartered Accountant pay ranges from INR 8 LPA (depending on experience and expertise) to 30 LPA or more.
Top Employers:
- Standard Chartered
- Ernst & Young
- Deloitte
- KPMG
- BDO International
- Grant Thornton International
Average salary for Chartered Accountant:
- Mumbai - INR 73,160 /mo
- Bangalore - INR 80,000 /mo
- Pune - INR - INR 68,985 /mo
- New Delhi - INR 72,400 /mo
- Hyderabad - INR 71,360 /mo
Salary Insights:
Company | Average Salary (per annum) |
EY | INR 10,06,340 /yr |
KPMG | INR 10,54,193 /yr |
Deloitte | INR 9,33,813 /yr |
PwC | INR 9,65,261 /yr |
ICICI Bank | INR 8,44,830 /yr |
Source: Glassdoor
Conclusion
With the right qualification, a great attitude and the willingness
to work hard, you can unlock a brighter future with any of these high-paying
jobs in India.
Learning more about what the job entails is important, as is
networking and knowing how to get ahead in such competitive roles. Make sure to
focus on your skillset and research everything with thoroughness when looking
into potential career opportunities.
With these tips, you will be sure to find an industry where you can
shine and grow your financial potential.
Good luck on this next step of your journey – remember, anything is
possible if you have the dedication and ambition to pursue it!
Frequently Asked Questions (F.A.Q.)
Ans: India is a diverse country with a
wide range of job opportunities in various industries. The highest paying jobs
in India are typically found in the technology, finance, healthcare, and
management sectors.
- Data Scientist
- Investment Banker
- Surgeon
- Chartered Accountant
- Management Consultant
- Artificial Intelligence (AI) Engineer
- Petroleum Engineer
These are just a few examples of the highest paying jobs in India.
However, it's worth noting that salaries can vary greatly depending on the
location, industry, and experience level of the individual.
Ans: High paying jobs often require a
combination of technical skills, soft skills, and specific domain knowledge.
These skills can vary depending on the industry, but there are some
universal skills that can help individuals land high paying jobs. Here are some
examples:
- Technical Skills
- Leadership Skills
- Creative and Innovation
- Strategic Thinking
- Communication Skills
These skills vary depending on the industry, but individuals who
possess a diverse skill set are more likely to land high paying jobs.
Ans: The educational requirements for
these high paying jobs in India will vary depending on the specific role and
industry.
Generally, many of these jobs will require at least a Bachelor's
degree or higher. Some of the more technical roles may also require specialized
certifications or additional training.
Ans: The job outlook for these high
paying jobs in India is very strong, due to the increasing demand from
businesses and industries.
In fact, many of these roles have reported increases in salary over
time as well as a prevalence of opportunities due to the growth in technology
and automation.
Ans: The career paths for these high
paying jobs in India are varied and can lead to exciting opportunities for
career advancement.
For example, Data Scientists can become Analytics Managers or Chief
Data Officers; Investment Bankers can progress to Investment Directors or
Wealth Management Advisors.
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