HIGHEST PAID CAREER OPTION IN INDIA – TOP 10

HIGHEST PAID CAREER OPTION IN INDIA – TOP 10

The most discussed topic among youth! Career, what you going to do after completing your academics? What career option will you choose? How are you going to adjust to this big world with lots of career options? These are some questions that everyone has on his mouth for today’s youth. Throughout our school and college life, we hustle to get into a career that helps us to settle down in the future. And hereupon it is important to invest our valuable time in money in such a field in which could have a guaranteed return for our future. And will be worth it. Also, with new and new companies coming up every day, some careers are becoming much more important and celebrated than others.

To choose any career option it needs to have one’s interest and belief factor, money can be considered as the last factor. If we look into the industry trends then everyone out there is preferring the highest status a paid career option for themselves.

Here we are listing top 10 highest paid career option / job that are in high demand in the industry.

1. Investment banking
2. Data Science
3. Charted Accountancy
4. Doctors
5. Business Analyst/Management Professionals
6. Legal Professional
7. Commercial Pilot
8. Software Engineer
9. Merchant navy
10. Oil & Natural Gas Professionals

Investment Banking

In investment banking, it helps companies with huge assets to manage their investment. So that the business firm can optimize their investment and make some good profit on them. Investment banker helps clints in making right investment choices and also helps in facilitating them. The starting pay package of investment banking is 3 lakhs to 50 lakhs per annum. The median pay package is about 10 lakhs. To become an investment banker one needs to have a strong background in finance. The best way to enter at the junior level (Analyst) is a BBA in finance and an MBA in finance could land an Associate role.

Data Science

Data is an essential element of a company. Data plays an important role in making sure that informed decisions are taken. Data scientist helps companies in finding right data and sum-up their strategy based on it. Hereupon the professionals will work in the field of healthcare, banking, e-commerce, business, and consultancy services. The package in the career of a data scientist is 3.5 lakhs to 20 lakhs. To become a data scientist one needs to have a strong background in Data scientists require a combination of maths, statistics, data visualization, advanced computing, data engineering, and domain expertise. The best way to enter data science is to have a bachelor’s degree in computer science, social science, or statistics.

Charted Accountancy

Charted accountants are advisors to most of the companies in making sure if the company is financially strong to tackle the events of uncertainty. So, the charted accountant plays a very crucial role in helping businesses in planning their financial structure. As CA plays a very important role in any business, this field surely is considered rewarding. The starting package of a CA is 4 lakhs and the highest is 20 lakhs. To grow in this field, one has to go through 3 rounds of exams viz, the CA foundation course, IPCC (Integrated Professional Competence Course), and FC (Final Course).

Doctors

It is not needed to explain doctors to anyone. But still, we have seen a shortage of doctors in every field. Increased demand for doctors and low availability make it the right tie to enter this field. To enter and grow in this field one needs to have an MBBS degree a general medicine degree. And then go on to take additional training and education in their fields of choice such as primary care, surgery, ob-gyn, and the like. Also, if you want to enter the non-medical field you can be a Physical Therapist, Chiropractor, Optometrist, etc. the pay scale varies as per the expertise and the city they practice in. The average fresher gets about Rs. 25,000 per month. Senior professionals especially MDs could earn up to Rs. 15 lakhs with seniors in other fields such as ophthalmology earning up to Rs. 6 lakhs per annum.

Business Analyst/Management Professionals

Today every company needs a small group of leaders that grows larger as it grows. Not because management professionals only manage the team but also helps in getting a clear vision of the industry. They also play the crucial role of business analysts who identify the gaps in the companies functioning and find solutions to these problems. Hence, they get employed in different roles of joiner analyst to senior leaders. The pay package starts from 3 lakhs and goes up to 12-15 lakhs per year. An MBA degree is needed.

Legal Professional

Whatever works get done in the company it needs to be legally viewed and inspected. Every contract with the customer and with the stakeholder’s company needs a legal eye to view. Just like Cas legal professionals have also become an essential element of every business. Therefore, this legal profession is in high demand. If you work for a high court the salary is about Rs. 15,000 per month. A corporate lawyer’s salary starts at Rs. 5 lakh per annum to 30 lakhs and even more depending on clients and experience. LLB degree with an internship under a professional is needed to be a legal professional.

Commercial Pilot

The job of a pilot is also very challenging since you are the one in charge of the safety of the lives of hundreds of people and involves an hour of traveling. Though in COVID times this industry may have slowed down with increased competition and more and more countries developing strategies to grow their economies based on tourism, this is a very gainful field to enter in.  starting pay package for the commercial pilot is 1.5 lakhs to 6 lakhs. Degree in physics, chemistry, and math’s as their subject is needed to be a pilot. Apart from a degree, pilots need to go through medical assessments and flight training followed by at least 200 hours of flying before applying for a commercial pilot license.

Software Engineer

As the computing-based tasks are increasing day by day. Software engineering is essentially a branch dealing in the development and maintenance of applications, software, and computer systems. The pay package on the average basis is about 7 lakhs and a senior professional could easily earn up to 20 lakhs. Courses in which one should hold a degree to be a software engineer are BE Software Engineering, BSc Software Engineering, BTech Software Engineering, M Tech Software Engineering, MSc Software Engineering, and ME Software Engineering.

Merchant navy

The merchant navy creates the strongest links in international trade. Mainly merchant navy involves in shipping cargo, ore, oil etc across borders. The starting pay of merchant navy is 2 lakh per annum for the fresher and the highest position of captain brings about 7 lakhs- 12 lakhs. If the merchant navy is the one you chose then you need to have degrees in B.E. Marine Engineering, B.E. Electrical & Electronics Engineering, B.Sc. Nautical Science and B.E. Naval Architecture and Offshore Engineering.

Oil & Natural Gas Professionals

The requirement of fuel has been termed as an essential need for the population. Right from industries to our personal vehicles, everything works on a direct or indirect product of the oil and natural gas industry. But it is more important to make it available to the right consumer at the right time. And in this work Oil & Natural Gas Professionals play a crucial role. These professionals may be petroleum engineers managing the assessment and development of gas fields or energy engineers harvesting energy from the various available sources or even geologists who play crucial roles in the finding of natural reserves and plan out how to harvest these. The pay package in this field is 15000 to 70000 per month. Courses in which you need to hold a degree to enter in this field are BSc in Oil and Gas Management or an MSc in the same field or a Bachelor’s in Petroleum Engineering. Other options involve an MBA in Oil and Gas Management or a Post Graduate Diploma in Oil and Gas Management, or a Bachelor’s in engineering in mechanical, chemical, or civil engineering.

We have tried to provide essential information according to the mentioned topic. Also, these are not only career options those have highest pay there are may more. We hope this article has helped you according to your need.

Good luck!

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