Philosophers might talk about money not being able to buy happiness. But the highest paying jobs in India (and the world) continue to attract millions of wide-eyed employees year after year.
So we kept philosophy aside and tried to dig out the best paying jobs with the highest salaries.
We’ve avoided niche careers that require a highly specialized set of qualifications and skills (any Breaking Bad fans out here?) who might be earning huge salaries that lesser mortals can only aspire for.
This isn’t a ranking, just a collection of jobs that pay the highest compensation in their industries.
Ideally, the money we earn should only be a component of living a rich life, while we should be doing something we love to do. Yet, we don’t live in an ideal world and money somehow is the chief motivator for a myriad of life decisions, especially in the case of careers and jobs.
The deep-rooted tendencies due to a socialist past and the current reality of the rising education loans make the whole picture even more skewed. Hence, it is not an amazing coincidence when parents revel in the fat-pay packages of their children or Pinky Aunty wants her son-in-law to be an Ivy League graduate.
While correlation does not imply causality, a quick glance into the proximate causes for a fast tracked career progression is the ‘fit’ of an individual or the accompanying ‘passion’, I write this with full knowledge that the above statement immediately puts this article in a potentially risky territory of being tl;dr-zoned.
So if you are actually landing up on this article through a Google search with a search string along the lines of the best paying jobs in India or any variant, you are in for a good introduction to those jobs but I can’t see any prudence in approaching things this way.
Apart from just vying for a high package, most of us don’t want to venture too far in the high-risk zones of freelancing/entrepreneurship and prefer keeping a stable job.
So fellas, here is a super-practical list of high paying jobs in India which is compiled for guys who have an extra liking for the dough. These are annual salaries in Indian Rupees.
I can already hear the hues and cries from the disgruntled techies who are perpetually distressed because of the painfully slow career progression in the IT sector and forever stagnant salaries.
The overall sector seems to be past its age of glory as far as the current trend is concerned, as the supply far outstrips the demand for majority of the software jobs out there.
But make no mistakes here, there is a difference between maintaining an outsourced obscure code and development of a happening UX from scratch. The competition is not that fierce at the top.
Average Salary for Software Engineers*:
Entry level – INR 3,50,000, Mid-Career – INR 6,30,000, Experienced- INR 12,50,000
All the years of labor usually reap rich rewards as Chartered accountancy continues to be one of the most respected professions in India.
Unlike the mushrooming institutes conferring engineering/medical/medicine degrees without reins (being slightly politically incorrect), the fort of chartered accountancy is still held secure as a single central bastion is responsible for the regulation of the profession.
Average Salary for Chartered Accountants:
Entry level – INR 5,50,000, Mid-Career – INR 8,80,000, Experienced – INR 11,70,000
While the job market for pilots is in a pretty bad shape right now, sky is the limit for the right candidate (err… at the right time). Commercial pilot license is also a lucrative option and is offered by a few prestigious institutes in India, and there are plenty of options if one can afford an abroad stint.
Make sure you do take care of the bank balance of your parents while you pursue your dream of flying high.
Average Salary for Aviation careers:
INR 20,00,000 (Commercial pilot), INR 18,00,000 (Helicopter pilot), 9,80,000 (Aircraft maintenance engineer)
No field of profession can be as recession proof as this one. The super-specialists in their fields have a high consultation fees and rightly so, but the amount of time and money one has to put in for excelling in this career is a major deterrent for many folks. No pain, no gain!
Average Salary for Medical Careers:
INR 8,10,000 (General surgeon), INR 17,00,000 (Medical doctor), INR 4,80,000 (General practice)
The top notch lawyers can command fees (for a single argument) which can be annual salary for the lesser mortals.
But the top-level material is few and far between, and the majority of lawyers work for peanuts scouting for ‘business’ outside courts and other government establishments signing/printing government documents. The world ain’t all sunshine and rainbows.
Average Salary for Legal careers:
INR 6,10,000 (Corporate lawyer), 9,50,000 (senior attorney)
As a breed, consultants are the most sought after business problem-solvers of the current decade. Due to their cross-industry expertise and quick learning abilities, they are the favorites for solving conundrums that prove to be a pain for the higher management of any organization.
Moreover, they also have a very dynamic lifestyle and move places quite often. Ideal for those who get bored too easily and want a (somewhat) stable income rolled up in a slightly profligate lifestyle. You can read up Business Doctors by Sameer Kamat to have an inkling about the profession, in Hollywood style!
Average Salary for business consultants:
Entry level – INR 14,00,00, Mid-Career- INR 25,00,000, Experienced- INR 80,00,000
The investment bankers are extremely well-paid individuals and possess a specific set of skills such as number-crunching ability, excellent communication and a capacity to work long… hours.
They raise capital for companies, offer specific financial advice (e.g. mergers and acquisitions) and do a whole lot of other brainy financial stuff. The entry barriers are real high yet carving out time to spend the hard earned money proves to be a tougher nut to crack eventually.
Average Salary for investment banking jobs:
Entry level – INR 12,00,000, Mid-Career – INR 30,00,000, Experienced – INR 50,00,000+
One of the most favorite channels of the youth holds a very promising future for a new kind of marketing paradigm that can be highly customized and based on permission marketing, rather than mass produced one-size-fits-all media marketing campaigns with hazy figures for return on investment.
Social media marketers and copywriters have a role which is fairly automation-proof and a proficient social media manager can command a salary with a good upside potential.
Average Salary for Social Media jobs:
INR 4,00,000 (Social media specialist), INR 4,70,000 (Social media marketing manager)
Analytics is nothing novel but the proliferation of data due to steep cost reduction in electronic data collection and memory devices have made the organizations open up to the concept of leveraging data to stay ahead of the curve.
A good analyst should be well-versed in mathematical concepts (primarily statistics and probability), open to learning new technological platforms (though they are usually vehicles to get the idea across) and be knowledgeable enough to fill the gaps in understanding through an acute business sense.
Average Salary for Business Analytics Jobs:
Entry level – INR 6,00,000 – 8,00,000, Mid-Career – INR 15,00,000, Experienced – INR 25,00,000
It makes real sense to inculcate invaluable and irreplaceable skills instead of following just any high-paying job trends. If love marriage with career isn’t happening for now, it makes eternal sense to yearn for the right kind of love from an arranged marriage.
*The above figures are obtained from the data at payscale.com for entry-level (0-5 years), mid-career (5-10 years) and experienced (10+ years) professionals. The figures are provided for indicative purposes only and no blind faith is warranted under any circumstances whatsoever.
Note: Consulting and i-banking are for front end units and not captives (KPO / Back-office roles). We’ve tapped into various websites plus our own experience for these numbers. Let us know if we are way off the mark.
Author Bio: I am Rohit, an engineer by education, a data analyst by profession and a reader by inclination. Since 2012, I’ve been writing about self-improvement, productivity, coping with life as it comes and just being plain happy. I blog at http://urbangallivant.wordpress.com/
If you are going for a career only because it’s listed among the highest paying jobs in India, it would be a mistake. There are many more tangible and intangible aspects that you need to keep in mind when you decide to make a career or job change. If you want to know what other elements you should be considering before making a choice, try out this Free Career Guidance Tool