Top 10 Highest Salary Jobs in India in 2023:
Every individual strives to work for a job that pays them well. A handsome salary drives individuals to work hard and is one of the most important criteria to pursue a career. Investing time, and effort and paying education fees, everyone wants a career that renumerates them for the work they have put in all these years. There are several reasons why people want to know about the highest paid jobs.
- It offers you financial stability, allowing you to spend your money comfortably on goods and services you want, as well as save money for posterity.
- High paying jobs carve a path for career growth opportunities and build skills and professional development.
- More money becomes a status symbol for people, and they enjoy the prestige and recognition that comes with it.
- You can invest money more efficiently by hiring professionals and guidance regarding health, stock markets, education, or any other life skill.
We are enlisting career options that offer high paycheque. However, it must be noted, that salaries vary across industries, depending on the company and the location of your job as well as the individual experience and skills. While these factors make difference, here is the list of the top 10 highest salary in India you need to watch out for in 2023.
PHRi Professional in HR International
Last Updated: 2022-07-22
PHRi Professional in HR International
- Data Scientist:
While data science has been in the market in recent years, it has gained momentum, and has a huge craze, for all the right reasons. Linkedin terms this career as ‘the most promising’, the average salary of a data scientist in India is usually around 12 Lakhs to 30 Lakhs and can go easily up to 60 Lakhs to 70 Lakhs. A data scientist complies with their expertise in statistical and machine learning techniques and is responsible for collecting, interpreting and analysing large amounts of data, and then delivering their insights to the stakeholders, thus helping the organisations make better decisions.
- Medical Professionals:
Healthcare professionals are one of the highest paid professions in India, as they bring with them almost decade-long years of education and practical learning to transform and save lives. Indian doctors and surgeons have very high earnings. The annual median salary of health professionals in India is around 10 Lakhs INR, and more than 25% of the health experts earn more than 30 Lakhs per annum. It is imperative to note that salaries vary, depending on specialisations like Pharmacy, Nursing, Ophthalmology, Pediatrician, Gynaecologist, dentistry, or domains like health administration, or working in a pharmaceutical company.
- Management Professionals (CEOs, CTOs, etc.):
Management consultants’ job includes solving problems and boosting growth. The executives of the company are responsible to curate strategic growth direction and chart the success of the organisation. CEOs are the highest-level executives in the company, responsible for making major decisions that impact the overall structuring and operations of a company, acting as the point of contact between the board of directors, and the executives below them. The average salary for executives in India is between 40 Lakhs INR to 102 Lakhs INR.
- Machine learning experts:
They specialise in the design, development and implementation of algorithms that make decisions, by using different techniques like supervised learning, and unsupervised training to train the models. They have a deep understanding of statistical and mathematical models, and experience working with large and complex datasets. This field is projected to grow even further in the next years, and currently, the average salary of a machine learning professional in India is around 8 Lakhs to 12 Lakhs INR.
- Full stack Software Developer:
A full-stack software developer is a professional with expertise in front-end and back-end development, responsible for building a website from scratch, and maintaining the software of a web application or software system. While beginners in this career earn around 4.2 Lakhs INR, an experienced full-stack software developer can earn around 16.1 Lakhs INR.
- Investment Banker:
An investment banker is a financial professional, responsible for helping clients manage finance, raise capital, and structure complex financial transactions. They have a strong understanding of financial markets, securities and the role of transactions. If you are interested in managing responsibilities like preparing due diligence, performing financial duties, preparing and presenting market pitches, underwriting and issuing securities, then this is the job for you. Pay-scale for beginners is around 4 Lakhs to 6 Lakhs, while for experts, it can go up to 30 Lakhs and more.
- Chartered Accountant:
They serve as financial advisors, certified by a professional body, and their expertise varies widely, including, accounting, finance, tax and business strategies, assisting with mergers and acquisitions and advising on risk management. These financial professionals earn around 30 Lakhs per annum and can earn more depending on the individual’s skills.
- Business Analyst:
A business analyst’s work is to process, and analyse the systems and models of operation in the organisation, and help in chartering the growth of the firm. This is a highly rewarding career in India and graduates and postgraduates can apply for this role. The salary begins at 4 Lakhs INR and can go up to 22 Lakhs per annum in big firms.
- Blockchain Developer:
Gained attention in recent years due to the tweets by big businessmen, blockchain technology is employed in many organisations and reduces the cost of work, and a blockchain developer specialises in creating and maintaining decentralised applications. They have a deep understanding of blockchain technology, cryptography and distributed systems, and earn an annual median salary of 8 Lakhs INR, and can up to 45 Lakhs INR.
- Marketing and Sales Professional:
They are responsible for pitching in marketing strategising content, rebranding the products of the brand, ideating campaigns and advertisements, and increasing the reach of the brand to the mass. They are an integral part of the business, bringing business strategies, meeting consumer needs and maximising profits. On average, a marketing and sales professional can easily earn around 10 Lakhs to 12 Lakhs, while a fresher can earn 4-6 Lakhs INR, which can go upto 22-30 Lakhs INR.
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