Many young people today aspire to do well in school and secure a stable job. To assure a high standard of living and a secure future, it is essential to aim for financial stability. Choosing the ‘ideal’ career will be difficult unless you are certain of your interests, but one thing that can undoubtedly help is the economic potential presented.
In the last 20 years or so, India’s work economy has changed dramatically. There used to be a few traditional options that were said to provide financial security, and most people would choose these irrespective of their preferences. Today, however, there are a variety of choices.
While classic professions such as ‘Engineer,’ ‘Doctor,’ and ‘Architect’, other professions for arts students are still important and valued today, there seem to be a variety of new options that have transformed India’s work sector. This could be due to the internet’s arrival, globalization, and the need to make important decisions.
Most students are indecisive about their professional path, and to be frank, money/salary is a powerful motivator that can help them make a decision.
While other considerations are important, understanding which careers pay the most in India can help you make an informed decision about your career path. These are just a few of the highest paying jobs in India after 12th today. The good news is that they are far from the only options.
Let’s have a look at top 10 highest paying jobs in India as of 2022:
1. Software Architect
Technological innovations have made our lives easier, and software development is one of the key reasons for this. As a result, a profession in this industry is extremely profitable. Software architects primarily provide technology solutions and do activities such as coding, developing new online services, and implementing software solutions, among other things.
These professionals are either hired by huge corporations or have the option of starting their own business, and they will be responsible for developing effective software solutions.
Pay Scale
Software architects earn an average of Rs. 23,00,000 per year, with entry-level salaries starting at roughly Rs.10 lakh per year. As with most other occupations, the more experience you have, the higher your income.
Qualifications of a Software Architect
A bachelor’s degree in computer science is required. A master’s degree in a relevant subject would also help. Knowledge of operating systems like Linux and programming languages such as C++, Java and others is advantageous.
2. Product Manager
A Software Product Manager is one of the most rewarding career opportunities available today. While product managers work in a variety of departments and industries, a software product manager oversees the implementation of a software product.
Coordinating across numerous teams to make sure that the product is working at its best, formulating business plans to optimize the product’s development, and resolving any issues that arise are all possible responsibilities.
Product managers may also be required to meet with customers (both potential and current) to verify that it meets their needs. They will also collaborate with the marketing team to accurately introduce the product to customers.
Pay scale
Another allure for people interested in this career is the excellent pay scale. A software product manager’s average annual pay is Rs. 18,61,548, with a starting salary of roughly Rs. 8 lakh per annum. As with other professions, the more experience you have, the higher your income will be.
Qualifications of a Property Manager
Candidates must hold a bachelor’s degree in computer science or a closely related subject. It’s also a plus if you’ve had previous management experience. Certifications in the industry or additional software skills may be required.
3. Business Manager
A company manager is a job that is in high demand today. A lot of firms are looking for competent people who can bear the job of ensuring that the company’s operations function properly these days. These managers will collaborate closely with different divisions to ensure that the company runs smoothly.
A business manager’s responsibilities include arranging workflow, assigning work, coordinating teams and departments, and executing plans. Their responsibilities also include expense control and the preparation of reports depending on the company’s performance.
Pay Scale
The average annual salary of a company or a business manager is presently Rs. 9,11,050 in India. Starting salaries for freshers can range from Rs. 4 lakh to Rs. 5 lakh per year, with experience increasing this to somewhere between Rs. 14 lakh and Rs. 20 lakh per year. Bonuses, extra pay, stock options, and other forms of compensation are all possible.
Qualifications of a Business Manager
A bachelor’s degree in a related field, such as business studies or accounting, is necessary. An MBA from a respected university is also a significant plus.
4. Management Consultant
Management consulting is the appropriate career for you if you enjoy helping your organization improve its performance and solve challenges while optimizing growth. These professionals assist their clients in growing their businesses and resolving challenges, as well as dealing with corporate management and operation, structure, and strategy.
By giving insights from thorough research done on an amalgam of various domains, a management consultant helps in taking better and fruitful decisions.
Pay Scale
Management consultants earn an average of Rs. 10,98,934 per year. Freshers may expect to earn between Rs. 5 lakh and Rs. 7 lakh per year, while people with greater experience can expect to earn between Rs. 12 lakh and Rs. 24 lakh per year, making this one of India’s highest paying jobs.
Qualifications of a Management Consultant
Any business subject requires a Bachelor’s or Master’s degree. While specialist courses are offered for graduates, anyone with a background in Finance Economics, or Accounting can work as management consultants.
5. Data scientist
Data scientists are generally analytic professionals that utilize statistics and science to discover and manage data patterns. They analyze raw data to find solutions to various business problems.
Data scientists can also help with the creation of custom statistical techniques and algorithms that are based on end-user behavior. This is also one of the highest paying jobs in India for PCB students.
Pay scale
According to current forecasts, the average income for a data scientist is Rs. 8,54,985 per year.
Even without much experience, certified data scientists can expect to get paid between Rs. 3.75 lakh and Rs. 13 lakh per year. The higher the level of experience, the higher the income, which can range between Rs. 60 lakh and Rs. 80 lakh per year, making it one of India’s highest-paying IT professions.
Qualifications of Data Scientist
Engineers (BE/BTech) or graduates with a bachelor of science or certificate will have a substantial advantage, although no special skills are required.
Additionally, having a working grasp of basic programming languages such as Python and their relevant packages is advantageous.
6. Chartered Accountant
Chartered Accountants (CAs) are members of the Institute of Chartered Accountants of India (ICAI), the country’s only national accounting organization. CAs are in high demand in the country, but there is also a severe shortage, making this a lucrative job.
The necessity for a CA can be found in small businesses as well as major organizations. This is one of the best jobs for commerce students in India. Also, the job of a chartered accountant has always been open to arts students given that they get accustomed to well versed in subjects of curriculum.
Furthermore, this is a position that has a high level of job security and is continually in demand. Additionally, this is a career with a high level of job stability and is always in demand. Standard Chartered, BHEL, and Citibank are among the top CA recruiters in the country.
Pay Scale
CAs make an average of Rs. 8,04,292 per year, with wages ranging from Rs. 16 lakh to Rs. 20 lakh depending on experience. You’ll earn more money if you have more experience.
Qualifications of a CA
Students of the Institute of Company Secretaries of India and Institute of Cost Accountants of India who have passed the intermediate level can apply. Commerce students and postgraduates with a minimum percentage of 55 percent 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 tests are notoriously difficult to pass and necessitate discipline and dedication.
7. Doctor
A doctor/medical practitioner is one career that has existed for centuries in terms of dignity as well as financial advantages.
A doctor might operate alone or in a hospital and treat a wide range of health conditions. A doctor can specialize in a variety of fields, including cardiology, nephrology, pediatrics, and so on.
Over time, as you get more experience, your compensation and perks will rise as well. This is one of the highest paying jobs in india for pcb students.
Pay Scale
Doctors earn an average income of Rs. 7,16,290 per year. The annual compensation for newcomers starts at roughly Rs. 6 lakh. Salaries for people with a decade and more of experience can reach Rs. 20 lakh per year. A profession in medicine is a good choice if you want a wealthy employment.
Qualifications of a Doctor
The basic qualification required to become a doctor is an MBBS. This bachelor’s degree takes 5 years to complete. However, an MD or extra specialization is required to obtain greater prospects and more profitable options.
8. Commercial Pilot
Air travel has become the part and parcel of traveling in almost all nations. Traveling to new places and seeing the best that the world has to offer is a dream come true for many people. There are various perks to being a pilot.
A commercial pilot must ensure that all commercial flights are carried out smoothly, which includes pre-flight checks, adherence to aviation legislation, and safe operation of the plane, in addition to flying.
Pay Scale
A commercial pilot’s average income is currently Rs. 18, 39, 968 per year. A pilot with not much experience can expect to earn roughly Rs. 12 lakh per year. This compensation might rise to Rs. 50,00,000 per year with experience.
Qualifications of a Pilot
Applicants should have a bachelor’s degree in a relevant field, especially in a science-related field such as mathematics or physics. Individuals must also have a respectable institution’s Commercial Pilot License, and other licenses such as Airline Transport Pilot Licenses.
9. Solutions Architect
If you enjoy designing and constructing new systems to assist in the smooth operation of a business, as well as detecting problems and providing solutions, then being a solutions architect is the appropriate career path for you.
These specialists are responsible for developing, designing, and implementing various business arrangements.
Pay Scale
A solutions architect’s average yearly income is Rs. 19,56,864, while a fresher’s base annual compensation is typically about Rs. 6 lakh. With over 20 years of expertise, the annual income might reach Rs. 25 lakh per annum.
Qualifications of a Solutions Architect
It is necessary to have a bachelor’s degree in software engineering, computer science, or information technology. It is also necessary to remain up to date on the latest technology and software.
10. Investment Manager
The primary role of an investment banker or manager is to maintain their clients’ financial assets. They also serve as brokers/advisors, assisting their clients in investing their money in a possibly profitable market at the optimal time to optimize returns.
Apart from that, investment bankers assist with acquisitions, perform research, and serve as financial planners to businesses. They must also keep track of investment performance, settle trades, and buy and sell securities on behalf of their clients.
The demand for professional investment bankers or managers is on the rise, and it is predicted to grow rapidly as new financial companies enter the market.
Pay Scale
Investment banking is among the most attractive occupations in the country today, with one of the highest paying jobs in India government, with an average wages in the market of Rs.15,25,315 per annum. Entrants can expect to earn between Rs. 6 lakh and Rs. 20 lakh per year, with the possibility of earning up to Rs. 50 lakh per year with expertise.
Qualifications of an Investment Manager
A bachelor’s or master’s degree in finance, accountancy, or economics is strongly advised. Many applicants nowadays pursue specialized advanced certificates or a master’s degree. It’s also vital to have excellent research and analytical capabilities, as well as knowledge with statistics and mathematics, as well as good conversational abilities.
