In recent years the job economy in India has changed dramatically. Different sectors have adopted the latest technologies and processes for smooth functioning and due to this, there has been a massive boom in job creation.
While traditional professions such as ‘Engineer,’ ‘Doctor,’ and ‘Architect’ are still important and valued today, the new age jobs are also equally important and have a promising future. You will also find a lot of career guidance websites recommending career options that were non-existent in the past few years.
According to research, there are more than 12000 career options that an individual can choose from, but if you’re looking for the most lucrative ones, these are some of the options that you can consider.
Investment Banker
Investment banking is an appealing job for freshers and seasoned professionals alike because it includes raising equity and debt capital for organizations. Investment bankers begin their careers as analysts, and after gaining experience and obtaining more education, they can advance to Associate.
If they have relevant expertise from other organizations, some will be hired as associates. The competition for these roles can be fierce, making this an excellent alternative for young professionals looking to earn more while gaining experience.
An Investment Banker’s average income is Rs. 12 LPA, which can be increased to Rs. 85 LPA as the professional earns expertise in this industry.
Data Scientist
Working as a data scientist can be intellectually interesting, analytically satisfying, and puts you at the forefront of technological breakthroughs. As big data becomes more crucial to how firms make choices, data scientists have grown more common and in demand.
What is the role of a data scientist? On a daily basis, a data scientist might perform tasks like taking insights into patterns and trends in datasets of the market at each product. Forecast outcomes, create algorithms and data models to improve the quality of data or product offers, use machine learning approaches.
Data scientists also assist in the development of businesses with bespoke statistical models and algorithms depending on end-user behavior. The average income for a data scientist is Rs. 8.5 per year.
Certified data scientists earn pay ranging from Rs. 3.45 lakhs to Rs. 14 lakhs per annum as a starting salary, even if they have little expertise. The level of experience, the higher the pay, which can vary from Rs. 60 lakhs to Rs. 70 lakhs per year which is India’s highest-paying IT position.
Marketing Professionals
Marketing professionals analyze the strategies utilized to attract clients to a company. They assist businesses to maximize earnings and expand market share by determining price based on product demand and supply. They assist in the development of new products and criticize market trends, analyze market trends, build advertising campaigns, devise pricing and targeting strategies based on demographic data. In addition, helps firms collaborate with the company to raise awareness of what they have to offer.
To maximize the return on investment of marketing efforts, creative professionals must explore unorthodox marketing ideas and strategies. As we can see from the trend, a senior executive who has an in-depth knowledge of marketing may become the company’s next Chief Operating Officer. Earning as a marketing professional works as a marketing professional goes 7 lakh as a base and like every other profession it increases up to 50 lakhs or more.
Fitness Commitment Counselor
Fitness counselors might seem like a not-so-stable career. However, it has proven to be the most lucrative career of all time. A fitness counselor, often known as a fitness trainer or instructor, advises clients on exercise and other topics related to health and wellness. They frequently work with individuals one-on-one to analyze their needs and build a lifestyle strategy to assist them in achieving fitness goals such as weight loss or muscle gain. They frequently instruct their clients in specific fitness routines, such as weightlifting or yoga.
The average income of a fitness commitment counselor depends upon location, expertise, and branding. Working at a fitness center or working with clients who pay generously can make you a lot of money. The base income in a less active region is between 5 and 7 lakhs, but with client networking, it can rise to 40 lakhs or more.
Solution Architect
Solution architecture jobs involve techniques of generating, specifying, and managing quality solution engineering concerning specific business challenges.
A solution architect is responsible for guiding the profession and articulating a solution’s technical vision. Technical knowledge, communication, and leadership are required skills of a solutions architect. However, their commercial project experience is crucial to landing the position. It’s the equivalent of hiring a super-senior developer who specializes in a given field—healthcare, education, travel, or anything else.
The typical yearly income for a solutions architect is Rs. 19 lakh per annum, whereas the starting wage for freshers is usually around Rs. 5 lakh per annum. With additional experience, the annual compensation of Rs. 26 lakh is possible.
Management Consultant
Management consulting is the right career for you if you enjoy helping your organization improve its performance and solve challenges while optimizing growth. These professionals assist clients in establishing their businesses, overcoming hurdles, and dealing with corporate operations, management, structure, and strategy. However, business and mathematically focused majors like Finance, Economics, and Accounting are required to become management consultants.
Management consulting has become a demanded profession due to its ideas, practice norms, and standards. Management consulting is critical to productivity and long-term viability in economic activities and sectors.
To give you an insight, the current yearly growth rate for the Management Consulting industry is over 30%, and the industry is growing at a global rate of 4.1 percent. In 2020, the Indian Management Consulting Industry produced Rs. 27 crores in revenue.
The average annual salary for management consultants is Rs. 11 lakh. Freshers may expect to earn between Rs. 6 lakh and Rs. 7 lakh per year, with more experience earning between Rs. 11 lakh and Rs. 23 lakh per year, making this one of India’s highest-paying positions.
Chartered Accountant
Chartered Accountants (CAs) are members of the Institute of Chartered Accountants of India (ICAI), the country’s only national accounting organization. CA’s are in high demand around the country, yet there is a serious shortage, making this a lucrative position. CA’s are required by small firms as well.
Chartered accountants are specialists who operate in every industry, managing an entity’s finances, offering financial advice, and assisting with money management. It could be for a company, an individual, or the government.
Furthermore, this has a high level of job security and is continually in demand. Standard Chartered, BHEL, and Citibank are among the top CA recruiters in the country.
CA’s currently earn an average of Rs. 8 lakh per year, with salaries ranging from Rs. 20 lakhs and above per year based on experience.
Business Analyst
Many people relate a business analyst’s job to a mediator between advanced technology and an organization’s stakeholders’ goals. Individuals are in charge of enhancing the efficiency and effect of specific business activities, such as program or technical process reviews.
Business analysts are in charge of assessing and communicating data to a management team about business-related trends and solutions. Business analysts’ ongoing evaluations and recommendations are relied upon by organizations, as the knowledge provided is frequently utilized to improve decision-making processes and restructure business goals both internally and at the customer level.
In other words, they undertake research and analysis to develop answers to business challenges and assist in the implementation of these systems into organizations and their customers.
Although specific role requirements may vary based on the needs of the company, most roles share a few core functions. The income of a Business Analyst begins with an average salary of 7 lakh per annum and goes about 19 lakh per annum.
Commercial Pilot
For many people, becoming a pilot is a dream come true. Traveling to new places and seeing the finest that the world has to offer are just a few of the benefits that come with being a pilot, especially a commercial one. In addition to flying the plane, a commercial pilot must guarantee that all flight operations are carried out safely, including pre-flight checks, adherence to aviation laws, and safe operation.
The average annual base salary for a commercial pilot is approximately Rs. 17 lakh. With bonuses, overtime pay, and other incentives, a pilot with less than one year of experience can expect to earn around Rs. 15 lakh per year.
Content Writer
Writing content is a skill-based profession. There is no specialized degree or course available in the field of content writing. On the other side, bachelor’s degrees in Journalism, English, or Mass Communication are recommended for becoming a Content Writer. Excellent content writers are people who have mastered the art of expressing themselves in words.
A content writer creates content for platforms, including websites, blogs, essays, stories, newspaper articles, training modules, and more. You’ll know how and where to edit, spot, and correct frequent blunders and grammatical faults, and write descriptions as you gain experience. Adding marketing expertise will add up to your earnings and brand.
Your earning as a content writer could range from 2 lakh a year to the amount you want, seriously! It depends on your expertise, the services provided, and the cost you provide. For example, content writers work as freelancers in addition to their full-time jobs and can earn up to a seven-figure salary.
Conclusion
These are some of the highest-paid jobs in India and around the globe. The good news is that these are not the only ones available. Top-ranking individuals in various industries such as blockchain developers, executives, and civil servants are known to be very wealthy. Work ethic, intelligence, passion, and attention to detail, are all characteristics that can help a person reach the top of their profession.