Whether you are a newbie in the job market or a student pursuing higher education, if your focus is to attain financial independency coupled with job security, you need to know the ground reality of the job market. Unlike your peers from the past, you have to navigate a whole new scenario with a different set of challenges and hurdles thrown your way.
A decade ago, a degree in engineering and an MBA would have brought varied job opportunities to your doorstep. In the current scenario, with a major shift in the consumer mind-set and rapid changes in technology, past possibilities have been overridden with new ones. Apart from the conventional opportunities in industry sectors like IT and Medicine, we have now various other options to choose from.
To give you a better perspective on the ground reality, we have complied a list of top 5 jobs, with employers paying the highest salary in India.
1. Data Scientist
Data science is a relatively new field of employment offering good pay in the industry. A data scientist uses analytical, statistical, and programming skills to gather, assess, and deduce from large data sets to develop solutions aimed at resolving challenging business problems.
A Data scientists must be technically proficient in areas such as statistics, machine learning, coding languages, databases, and reporting technologies.
Average Annual Salary: 9.5 Lakhs
Possibility of Increase up to: 13-15 Lakhs
2. Artificial Intelligence / Machine Learning Experts
2019 has seen a rise in AI applications around the world. With its soaring popularity in the tech industry, Machine learning experts have become the most sought after professionals by various business enterprises.
Machine learning experts are proficient in building self-learning AI systems that imitate a human brain to a certain degree. They must be competent in programming languages, statistical knowledge, interactive data visualisations etc.
Average Annual Salary: 7 – 15 Lakhs
Possibility of Increase up to: 30- 40 Lakhs
3. Chartered Accountant
A chartered accountant is required to be efficient in providing advice, audit accounts and reliable information about financial records.
Their services range from offering financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, whilst also dealing in accounting systems and processes.
Average Annual Salary: 6-8 Lakhs
Possibility of Increase up to: 30 Lakhs
4. App Developer
With technological advancements in the smartphone industry, app development has become a dynamic job market.
Android and iOS are the pioneers in the field offering new talents, opportunities in the field of app development. You can learn android app development and iOS app development to get the highest paying jobs in India.
Average Annual Salary: 6 lakhs
Possibility of Increase: 30 lakhs- more
5. Oil & Natural Gas Professional
Emerging reports by experts in the Oil industry suggests that India will be one of the largest consumers of crude oil in the coming years.
Professionals in the field work on various intersecting projects, through cross functional teams. The work they indulge in needs to be delivered on a fixed time and budget.
Average Annual Salary: 3.5 lakhs
Possibility of Increase: 12-25 lakhs
The above list was compiled in an effort to provide you with additional information on the possibilities of earning well. Generous salary packages mentioned above are subject to one’s expertise, unique skills, ability to work and deliver under pressure.
If you have what it takes to be a high earning member of the society, seek out opportunities in the aforementioned fields and tread on. We wish you the best!