Highest Paying Jobs in India.
- Highest Paying Jobs in India
Highest Paying Jobs in India
Each individual dreams of a lucrative career. Something which is both respectable as well as rewarding. Let us find out the highest paying jobs in India for the year 2016.
Though there are large number of small time b-schools offering degrees in management but those coming from premier institutes such as IIMs, IITs, XLRI, FMS, IIFT and Symbiosis earn higher salaries, enjoy more significant jobs roles and fast-track career paths. Generally they start their career as Management Trainee and undergo 6 months-1 year of extensive training. Most of the big companies have well-structured training programs for the new recruits to groom them into future leadership positions. The pre-placement offers are made on the campus with pay packages as high as INR 20-24 Lakhs per Annum. Financial services and management consulting firms are the top recruiters for the talent. Hence, management professionals easily qualify among the highest paying jobs in India.
The career of an investment banker generally follows a standard path with five levels including Analyst, Associate, Vice President, Director and Managing Director. Salaries for the different levels look something like this – INR 5-9 Lakhs per Annum for Analyst, INR 7-13 Lakhs per Annum for Associate and INR 10-40 Lakhs per Annum for Vice President. The popular employers are Goldman Sachs, JP Morgan Chase, Deutsche Bank, Globeop Financial Services Ltd and HSBC. Investment Banking is one of the highest paying jobs not just in India but also the world.
IT & Software Engineers
For a trainee software engineer who is a fresh college pass out the salary falls somewhere between INR 1.5 to 2.5 Lakhs per Annum. This increases as one climbs up the career ladder – with a figure of INR 3.0 to 6.0 Lakhs per Annum for software engineer/programmer analysts, INR 4.5 – 10.0 Lakhs per Annum for senior software engineer, INR 6.0 – 13.0 Lakhs per Annum for project lead and INR 8.0 – 19.0 Lakhs per Annum for program manager. In addition to the high salaries, there is lot of international assignments which requires travel to different countries for the talented ones. One has to keep oneself constantly updated with the newer skills and emerging technologies so as not to become an obsolete resource.
Based on the personal strengths and aspirations one can choose from the numerous opportunities available for a fresh CA. A chartered accountant can work in different areas of financial accounting, tax management, auditing, cost accounting, banking and consultancy. They have to be the certified members of the Institute of Chartered Accountants of India (ICAI). E&Y, Deloitte, PWC and ICICI Bank are some of the good pay masters for CA jobs in India. A fresh CA can earn anything between INR 5-7 Lakhs per Annum. With the increase in the number of years and depth of experience the salaries also increase to as high as INR 18-24 Lakhs per Annum for those with additional MBA degree in finance.
Oil and Natural Gas Sector Professionals
At entry level, one can expect a salary of around INR 3.5 to 6 Lakhs per Annum. In India, there is lot of jobs in PSUs such as ONGC, IOCL and Bharat Petroleum for those looking at job security. PSUs offer salaries as per Sixth Pay commission with additional perks and benefits. The salaries are sky high in private sector with top employers such as British Gas, Reliance Energy, Halliburton, Schlumberger and Shell. Those with 5-6 years of experience and graduating from premier institutions with high degrees earn as high as INR 15-20 Lakhs per Annum
These professionals like doctors have perennial demand. Moreover, specialization in specific fields can give them unexpected return. Doctors can earn from private practice, standalone surgeries and more.It is known to all that an able surgeon is in constant demand and he gets his fees irrespective of his employment with other agencies. Even dentists get money which was not available to them three decades back.The minimum salary, if employed can be estimated to be around Rs.4.5 Lakh to 6 Lakh per year and for a specialized surgeon it could be double. However among Medical professionals, general and thoracic surgeons, psychiatrists and gynecologists earn highest.
The commercial airline sector has seen a boost in the recent past. There is a constant demand for qualified pilots, ground staff, stewards, air hostesses, etc. Average salaries for both jumbo pilots and regular pilots (in cargo or passenger airlines) range between 7 Lakhs to 9.5 Lakhs INR. Airline stewards and air-hostesses draw somewhere between 4 Lakhs to 6 Lakhs INR. Air traffic controllers get 5 Lakhs to 6 Lakhs INR Lakhs per Annum.
Modeling & Acting
Depending on the role, a new comer gets anything between INR 2,000 – 10,000 per episode and a more experienced actor can earn INR 10,000-2, 00, 000 per episode in TV shows. A debutante in film industry can get somewhere between INR 5-50 lacs as per the role and film budget. Modeling assignments vary from fashion shows, print ads for magazines, TV commercials and billboard advertisements. A fresher can charge anything between INR 5, 000 to 10, 000 and a well-established model gets INR 25, 000 to 50, 000 per assignment or even more. Some of the successful actors in Tamil and Hindi film industry get paid in crores.
Salaries for law professionals vary broadly as per their employer and track record. They qualify to be among the highest paying jobs in India. Generally in public sector the salaries as per the government norms while those working with private law firms gets hefty amounts – INR 6-9 Lakhs per Annum for fresh National law school graduates and INR 10-15 Lakhs per Annum for those with 4-6 years of experience. Those who choose to work privately as advocate or consultant earn based on the number of clients and complexity of cases received. AZB & Partners, Luthra & Luthra and Amarchand Mangaldas are prominent law firms in India. Those interested in Corporate Law can work in the legal departments of various MNCs which also pay good salaries.
The job of a consultant entails understanding the client requirements, research clients’ industry; locate data points to support the business case, perform competitor and industry benchmark analysis, documentation, recommendations and preparing business presentations for the client. Generally the career path of a consultant moves from analysts, consultant, senior consultant, manager/project lead, partner and vice president/director. Salaries for those with less than 1 year of experience is INR 4.0 – 6.0 Lakhs per Annum and as the experience in increases salaries figure also go to as high as INR 12-18 Lakhs per Annum for those with 5-7 years of experience. Life insurance/disability, paid sick leave, relocation expenses, global exposure and free health club membership are additional perks offered by the top consulting firms in India to its employees.
This is it for the Highest Paying Jobs in India. Watch out for this space for similar articles.
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