India has the third-largest economy in Asia and the tenth-largest economy in the world. However, despite its large economy, India still has one of the largest populations living below the poverty line, making it imperative that people get high-paying jobs if they want to make more money. The 10 highest-paying jobs in India fall into four main categories including technology, media, manufacturing and finance, and insurance.
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Software Engineer
A software engineer is primarily responsible for designing and developing a website or software application that is built to serve a particular purpose. A software engineer must be familiar with several different programming languages, which include Java, Ruby, C++, and Python, among others. According to a 2012 study conducted by Computer World, an entry-level software engineer can earn approximately $62,500. More experienced engineers can earn upwards of $110,000 annually.
Doctor
Doctors have one of the highest earning potentials in India and represent one of the most popular industries for aspiring business professionals. The BLS lists a median income for all medical practitioners Highest Paying Jobs of 20 lakh annually, although some jobs pay much more than that. With an M.B.B.S degree from an accredited university and two years as an intern, you can become a doctor and earn between ₹12 lakhs and ₹35 lakhs per month.
Chartered Accountant
The average annual salary for a Chartered Accountant is $13,000. And with just five years of experience and a few other qualifications, you can earn around $30,000. The demand for accountants is high right now, too; so much so that you may find yourself without enough hours in your week to fulfill all your client’s requests. Most jobs will require at least a bachelor’s degree or its equivalent. However, some employers will hire candidates who have only an associate degree or diploma as long as they have three to five years of work experience under their belts. Candidates are also required to pass exams administered by professional bodies like ACCA (Association of Chartered Certified Accountants). All in all, becoming an accountant requires hard work and dedication but it can be very rewarding financially
Company Secretary
A Company Secretary manages all important legal and financial matters for an organization. They are often a part of their companies’ Board of Directors, which makes them an integral part of the decision-making process. This position earns Rs 22,25,000 annually on average. A great profession for people who want to work as lawyers at some point in their career, Company Secretaries are also very detail-oriented and enjoy keeping track of financial records.
MBA Holder (Master’s Degree)
A Master’s Degree (MBA) is one of the most sought-after degrees and can help you land one of these coveted spots. Across all job sectors, it is found that experienced professionals with an MBA background earn higher average monthly salaries as compared to their non-MBA counterparts. Data from Payscale reveals that over a lifetime, an MBA holder can potentially earn more than Rs 9.4 million ($160,000), which is nearly three times what an individual with a bachelor’s Degree would make.
Medical Lab Technician
According to a recent report by O*Net Online, job prospects for medical lab technicians are expected to grow 13 percent through 2020, which is faster than average for all occupations. Medical lab technicians draw and test blood, urine, and other samples from patients. To become a medical lab technician, you will need at least a high school diploma and related training from an accredited program that includes both classroom instruction and supervised laboratory work. The median annual wage for medical and clinical laboratory technologists was 5,05500 in May 2012. Employment of medical and clinical laboratory technologists is projected to grow 14 percent from 2012 to 2022, much faster than the average for all healthcare occupations.
Dental Hygienist
Dental hygienists are responsible for making sure a patient’s teeth stay healthy and clean by performing procedures like cleaning, polishing, and x-raying. In addition to these services, a dental hygienist can also instruct patients on how to properly care for their teeth, potentially saving them from future trips to an office like yours. The average annual salary is 7,40000. You may be wondering why you should choose a career as a dental hygienist over another medical or health professional.
Bachelor of Arts/Science Degree Holder
A bachelor’s degree is a mark of achievement, but it’s not necessarily what you think. With many universities offering a wide range of majors and options to earn your degree, it’s important to understand exactly what you’re getting yourself into. For example, if you choose an engineering major, several different types of engineering could be available at your university and each type comes with its salary. Here’s a look at some common degrees and their average starting salaries
ICWAI, Cost Accountants, and Other Accountants
ICWAI, Cost Accountants, and Other Accountants with Higher Qualifications (Non-Banking Finance Companies or NBFCs Only) rank among some of the highest-paying jobs in India. They can earn salaries that can reach up to Rs 7 lakh per annum. In addition to their basic pay, they are also eligible for a host of allowances such as housing allowance, conveyance allowance, and medical allowance. The average salary for an ICWAI is Rs 3.2 lakh per annum. The median salary for an ICWAI is Rs 2.9 lakh per annum.
Civil Engineers
Average annual salary: 5,22680 Civil engineers design and supervise construction projects like highways, bridges, tunnels, and dams. A bachelor’s degree is required for entry-level jobs. Projected Growth (2012-2022): 4% Business Operations Specialists: Average annual salary: 5,69470 Business operations specialists provide support to organizations by handling administrative duties such as preparing budgets and managing inventories. A bachelor’s degree is often needed for entry-level work.