Best Paying Jobs

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.