Indian employees prefer high salary over career growth, according to a recent survey by global human resource consulting firm Randstad. Around 54 percent of the survey respondents said they consider salary and employee benefits as the most important factor when choosing a job. Typically, your salary or earning potential depends on your educational qualification, experience, skills, and most importantly, your choice of profession. If you want to bring home fat paychecks, choose from the following eight best paying jobs in India.
1. Software Engineer
Starting salary of a software engineer in India could be between Rs. 5 lakh and 7 lakh per year. With experience, you can earn up to Rs, 30 lakh per annum. If you have good math skills, attention to detail and an inherent desire to work with computer systems or software, a career in software engineering could be ideal for you. To enter into this profession, you need a bachelor’s degree in software engineering, computer science or any related subject. Top companies for software engineering jobs in India include TCS, Infosys, HCL, Wipro, and Tech Mahindra.
2. Chartered Accountant
Commerce graduates with an aspiration to get rich quick should consider a career in chartered accountancy. A chartered accountant’s work involves auditing, financial reporting, and providing advice to clients on financial and tax matters. It takes hard work and patience to clear the Indian Chartered Accountancy Course, but the rewards are worth the effort. Depending on your experience, skills, and employer, your salary as a chartered accountant could be anywhere between Rs 5 lakh and Rs. 35 lakh per annum. Top paying employers in India include Deloitte, ICICI Bank, HDFC Bank, E&Y, and PwC.
3. Business Consultant
As a business consultant, you can earn a pretty penny right from the beginning of your career. India, being one of the world’s top FDI destinations, holds a lot of promises for aspiring business consultants. Entry requirement for this profession is a bachelor’s degree in business administration or business management. Salary depends on your position and employer, but usually, ranges between Rs 6 lakh and Rs 20 lakh per annum. You can also choose to start your own consultancy business and open doors for an unlimited income.
4. Investment Banker
Top government and privately held companies hire investment bankers to seek advice on merger & acquisitions, lending, buying and selling of bonds and shares, and the ways to seek venture capital. Considering the importance of the job position, investment bankers are usually offered a lucrative salary of between Rs 5 lakh and Rs 10 lakh. After five years of experience, you can earn up to Rs 25 lakh per annum. In India, KPMG, McKinsey, BCG, and Accenture offer high-paying investment banking jobs. You need a degree in mathematics, finance, or accounting to start your career in this field.
5. Commercial Pilot
Monthly earning of a commercial pilot varies depending on hours of flying. For the mandatory 50 hours per month flight, a first officer earns around Rs 2.5 lakh per month, while the earning could go up to Rs 4 lakh per month for 90 hours of flying. Senior pilots earn even higher salaries. Other aviation professionals, such as stewards, air hostesses, and ground staff also earn a handsome salary. To become a commercial pilot in India, you need at least a bachelor’s degree in aviation, aircraft operations, aeronautical engineering or any related subject.
6. Doctor
In an employment scene seemingly dominated by IT and management professionals, doctors still earn an attractively high salary, if not the highest. In India, a junior doctor earns anywhere between Rs 6 lakh and Rs 12 lakh per annum. Depending on your specialism, skills, and experience, your yearly income could surpass Rs 50 lakh or more. You need to clear the medical entrance exam and earn a professional degree in medicine, such as MBBS and BDS to qualify as a doctor in India.
7. Lawyer
Lawyers can work independently or with any corporate firm or government agency in India. The income potential of lawyers in India is unlimited. If you choose to take a job in a law firm, you can earn anywhere between Rs 5 lakh and Rs 20 lakh per annum. Top law firms to look for high paying jobs in India include S&R Associates, Luthra & Luthra, Khaitan & Co, Mumbai, and Argus Partners. You must have an LLB degree and clear the BAR Exam to be able to practice as a lawyer in India.
8. Marketing Professional
Contrary to a common misconception, marketing professionals can earn a handsome salary of up to Rs 25 lakh per annum, with the right skills, experience, and attitude. Graduates from any stream can enter into this profession as a sales executive and gradually move up the career ladder to become a marketing manager or sales manager. However, a bachelor’s degree in business administration can help you climb up to higher positions faster.