Best Paying Jobs in India
1. Software architect
Software Architect Our lives have been simplified thanks to technology and the internet and one of the main reasons for this is software development. Therefore, a career in this field is definitely lucrative. Software architects essentially provide software solutions and take on tasks such as coding, creating new web services, providing software solutions, etc. These individuals are either employed by large companies or can start their own and will have to create efficient software solutions.
Pay Scale
The average salary for software architects is Rs. 22,91,934 per annum with entry level salary starting generally at around Rs.9.7 lakh per annum. As is the case with most other jobs, greater the experience, higher is the salary and can include stock options, bonuses, profit sharing commissions, etc. software architect payscale
Educational Qualification
An undergraduate degree in computer science or a related field may be nece.
2. Solutions Architect
If planning and building new
systems to help run a business smoothly while identifying problems and
finding solutions is what excites you the most, becoming a solutions
architect is the ideal option.
These
professionals work to create, design, and implement various
arrangements within a business. Basically, a solutions architect will
help to convert business objectives and goals into practical, actionable
steps.
The scope of this
profession is immense as one can work in business development, business
management, quality assurance, mentoring, etc.
Pay scale
The
average salary for a solutions architect is Rs. 19,66,764 per annum
while the base annual salary for freshers is generally around Rs. 5 lakh
per annum. With experience of over 20 years, the annual salary can go
as high as Rs. 26 lakh per annum.
Educational Qualification
A
bachelor’s degree in computer science, software engineering, or
information technology is required. Additionally, being creative while
having good leadership and problem solving skills is important.
One should also be knowledgeable about the latest software and technologies.
3. Commercial Pilot
Since
flying is not possible, the next best option is to be a pilot. A dream
for many, traveling to different destinations, enjoying the best the
world has to offer – there are a number of perks that come with being a
pilot, especially a commercial one. In addition to flying the aircraft, a
commercial pilot will have to ensure that all flight operations are
done safely including pre-flight checks, complying with aviation
regulations, operating the airplane safely, etc.
Pay Scale
The
average base salary for a commercial pilot is currently Rs. 17, 89, 958
per annum. A pilot with less than one year’s experience can earn about
Rs. 15 lakh per annum as an entry level salary, including bonuses,
overtime pay, etc. With experience, this amount can go up to Rs. 50
lakh per annum.
Educational Qualification
Candidates
should preferably have an undergraduate degree in a relevant field,
preferably a Science based subject such as Physics or Mathematics.
Additionally, individuals must also have a Commercial Pilot License from
a recognized institute and other licenses such as Airline Transport
Pilot Licenses.
Commercial pilots are also required to be physically fit and must pass all the necessary medical examinations.
4. Product Manager
One
of the most lucrative career options today is that of a Software
Product Manager. While there are product managers under different
departments and sectors, a software product manager, as the name
suggests, manages the development of a software product.
Responsibilities
could include coordinating between various teams to ensure that the
product is performing at its best, creating business plans to optimize
the product’s development, and to eliminate issues if any.
Product
managers may also have to meet with customers (both prospective and
current) to ensure that the product in question meets their
requirements, Additionally, they will also work with the marketing
department to present the product to customers accurately.
Pay Scale
The
lucrative pay scale offered is another lure for those interested in
this field. The average salary for a software product manager is Rs.
17,41,148 per annum while the base salary is around Rs. 9 lakh per
annum. As is the case with other opportunities, greater the experience,
higher is the salary.
Educational Qualification
Aspirants
must have an undergraduate degree in Computer Science or a related
field. Additionally, having previous experience as a manager is an added
bonus. Industry certifications or additional knowledge about certain
software may be required.
5. Investment Manager
The
primary role of an investment manager is to take care of their clients’
financial assets. They also act as brokers/advisors and help their
clients invest their money in a potentially lucrative market at the
right time to maximize returns.
Apart
from this, investment bankers also help with mergers and acquisitions,
conduct research, and act as financial advisors to corporate
organizations as well. They must also keep an eye on the investment
performance, buying and selling securities on the behalf of their
clients, and settle transactions.
With
new financial companies entering the market, the demand for skilled
investment managers is on the rise and is expected to grow
exponentially.
Pay Scale
With
one of the highest average salaries in the market of Rs.14,24,311 per
annum, investment banking is one of the most lucrative professions in
the country today. Entrants can expect a salary ranging from Rs. 5 lakh
to Rs. 21 lakh per annum and with experience, this number can go up to
Rs. 40 lakh per annum.
Educational Qualification
A
Bachelor’s degree or Postgraduate degree in finance, accounting, or
economics is highly recommended. Many aspirants today also go for
specialized advanced certifications or an MBA. Having a strong research
and analytical skill along with expertise in statistics and calculations
and good verbal skills are also essential.
6. Management Consultant
If
you are somebody who loves to help improve your company’s performance
and solve problems while maximizing growth, then management consultancy
is the right career for you. These experts help their clients grow and
eliminate their problems while also dealing with operations of the
company and are concerned with management, structure, and strategy.
The
current annual growth rate for the Management Consulting industry is
around 30% and there is a 4.1% growth seen in the industry globally. The
Indian Management Consulting Industry is also estimated to generate Rs.
27,000 crore in revenues by the end of 2020.
Pay Scale
The
average salary for management consultants is Rs. 11,94,834 per annum.
While freshers can enjoy a yearly pay scale of Rs. 6 lakh to Rs. 7 lakh
per annum, those with more experience can earn anywhere between Rs. 11
lakh to Rs. 23 lakh per annum making this one of the highest paying jobs
in India.
Educational Qualification
A
Bachelor’s or Master’s degree in any business discipline is essential.
While there are specialized courses available for graduates, those
specializing in Economics, Finance, or Accounting can also become
management consultants.