13 High Paying Jobs In India: Risks, Skills Required & Salary

Last Updated on 8 months by Anoob P T

High paying jobs in India are the dream of every graduate from a middle-class family.

I graduated out of the college in 2008 (peak of recession, remember?) and getting a job was very hard.

I wanted to make money fast and I was looking for high paying jobs in India with which I could earn money fast.

Unfortunately, I had graduated in aircraft mainentance engineering which was a niche domain and not many jobs were available.

I attended many interviews and they all rejected me.

The reason they gave was that I was over qualified for a job and they felt I would go to an engineering job the moment recession was over.

While it might seem unfair, I think this is a common phenomenon.

I took up a job as a writer and then naturally progressed into digital marketing which is to be honest is a high paying job in India or anywhere in the world.

I have also listed few posts which will help you get started on making money online at the end of the article, do check them out.

13 High Paying Jobs In India: Risks, Skills Required & Salary

Medical Professionals

About the Job 

Medical Professionals include Doctors from different streams and specializations; let that be Ayurvedic and Homeopathy or Cardiology, Dermatology and so on. What makes medical field one of the best career options in India is the population density of the country and the high demand for doctors in every field. 

Skills/ Qualifications Required (Ideal for) 

You need to have a professional degree of completing MBBS/ BDS/BHMS and alike in order to start your practice as a doctor. In addition to the qualifications, this job demands a great deal of patience, compassion and detail-oriented as well as focus on work. 

Average Salary

The salary depends on the specialised fields in which you are practicing. Being a doctor after completing MBBS is not beneficial from the economic point of view. This is the time of super speciality hospitals and hence, you need to do a PG in order to earn better. The salary ranges from Rs.20,000 to Rs.20 lakhs depending upon your specialisation and whether you are working in government sector or private sector.

Risks Involved/ Future Prospects

As it is the age of super speciality and multispecialty hospitals, you cannot succeed in getting highly paid with the Bachelor Degree. The limited seats for Post-Graduation make it a tough game. Moreover, medical profession is time consuming and stressful. You need to know how to manage these aspects in order to succeed in your profession.

Merchant Navy

About the Job 

Merchant Navy is a demanding profession and offers an attractive salary, which makes it one of the best jobs in India. Merchant Navy is the important factor in international trade and employs workers to carry and deliver goods from one country to another via marine transportation. They are heavily paid and insured. 

Skills/ Qualifications Required (Ideal for) 

After completing higher secondary education, you can go for Marine Engineering courses in order to take up this profession. But you will also need to be physically and mentally fit and healthy in order to get selected. 

Average Salary

The payment depends upon your designation. It ranges from Rs.12,000 to Rs.8 lakhs from cadets to captain respectively.

Risks Involved/ Future Prospects

Spending months in sea is indeed a tough job and requires a lot of physical and mental stamina. There can also be operational failures leading to business loss and personal injuries.

Civil Services

About the Job 

Indian Civil Services is not only one of the highest paying jobs in India, but also comes with the added benefits of job security and value in terms of power and position. There are a range of jobs that come under this broad category like administration, revenue, foreign services, police force and much more.

Skills/ Qualifications Required (Ideal for) 

You only need to have a Bachelor’s Degree to get into Civil Services if you clear the UPSC exams. 

Average Salary

Depending on your position, the salary is decided. For IAS, IFS and IPS officers, payment ranges from Rs.56000 to Rs.2,50,000. In addition, you get monthly house rent, travel and as such allowance.

Risks Involved/ Future Prospects

As you are in a position of power, you are subject to professional, reputational and physical risks.

Chartered Accountant

About the Job 

Chartered Accountant is a high paying job in India as they work in every industry and provide financial expertise for managing money well. They have to keep track of financial affairs of both big and small businesses, conduct audits, as well as, give support and assistance in matters like GST reform, any change in taxation policies, or salary related issues. 

Skills/ Qualifications Required (Ideal for) 

The CA course is regulated by The Institute of Chartered Accountants of India (ICAI), New Delhi. It has 4 important levels—Common Proficiency Test, Integrated Competence, Professional Course, 3 years articleship/ training under a practicing CA and CA final. Moreover, you also need to have strong communication, numerical and analytical skills as well as awareness about the industry.

Average Salary

The salary of a Chartered Accountant can start from Rs.8 lakhs p.a. to Rs.50 lakhs p.a. depending upon the years of experience and skills.

Risks Involved/ Future Prospects

The demand for chartered accountants in India has been on a rise. This is mainly because more businesses are being established and the government has been making policies and regulations to monitor the market.

Actors/ Entertainment Professionals

About the Job 

Entertainment field in India will always be lively and demanding because of its rich culture and practices. This makes the role of actors and entertainment professional important and their profession being one of the highly paid jobs. With a lot of creative artists coming up and grabbing attention of a large audience, entertainment field will always remain promising. 

Skills/ Qualifications Required (Ideal for) 

There are institutions to learn theatre arts, acting and as such. However, if you have real talent, you will come up with great prospects in this field.

Average Salary

The payment depends upon a particular project in which they are working as well as the screen space. You can also make money through advertisements and alike. 

Risks Involved/ Future Prospects

There is no job security for people working in the entertainment field. Moreover, the industry gets updated every now and then, which demands for new talents and younger people.

Data Scientist

About the Job 

The increasing demand for Data Scientists each year makes this profession highly paid and promising. A data scientist helps manage and organize a massive amount of data that an organization collects. He gleans actionable insights from that data to drive business decisions that improve profits and customer relationships.

Skills/ Qualifications Required (Ideal for)

People who have completed engineering in any stream or graduation are eligible for the post of Data Scientist. In addition, they need the ability to work with complex formulas, an understanding of consumer psychology and skill in programming languages. 

Average Salary

Data Science offers a salary between 4 – 12 lakhs to certified experts even if they have limited or no work experience in the function making it one of the highest paying jobs in India.

Risks Involved/ Future Prospects

You will have to ensure about the privacy and security of the data you are dealing with. It is also a highly competitive market.

Sales Professionals

About the Job 

The aspect of being a high paid job depends on the skill of the person, in case of, sales profession. A sales professional is someone who sells products or services to potential customers. They seek to solve prospects’ challenges through the products they sell. 

Skills/ Qualifications Required (Ideal for)

Bachelor’s degree programs in professional sales prepare students for careers in sales by covering topics such as sales management and operations, consumer science, marketing and economics. Patience, People Oriented, Value of Time, Sense of Commitment and Reliability also make you a great Sales Professional.

Average Salary

Sales Professionals can earn up to Rs.15 lakhs p.a. with their skills and ability.

Risks Involved/ Future Prospects

Stress, losing deals, difficult prospects, pressure from management, becoming demoralized, market changes and Self-doubt can affect your sales profession.

Management Consultant

About the Job 

Management consultants offer business solutions with their experience, to improve performance and maximize growth of companies. You will deal with the structure, strategy, management and operations of the company.

Skills/ Qualifications Required (Ideal for) 

A Bachelor’s degree in business, economics, finance, the management or related areas is necessary for most organizations. An MBA degree is also preferred by some companies. You should also have knowledge of business, finance, economics, mathematics, ability to work as part of a team, Interpersonal and communication skills, problem-solving skills and ability to cope with challenges and pressure.

Average Salary

The average pay for a Management Consultant is Rs.1.5 lakhs per year.

Risks Involved/ Future Prospects

Data breaches, unhappy clients, and income uncertainties are just a few of the risks associated with owning a consulting business.

Full Stack Software Developers

About the Job

Full Stack Developing involves creating both the front end and the back end of a software/website—they can tackle projects that involve databases, building user-facing websites, or even work with clients during the planning phase of projects.

Skills/ Qualifications Required (Ideal for) 

Engineers from any branch can take the job of full stack developer, even without the knowledge of coding language. You should also be able to work in a collaborative environment, to meet tight deadlines, detail-oriented with an eye of aesthetics and be fluent in Javascript, HTML, and CSS.

Average Salary

Expert beginners will draw around Rs.4-6 lakhs, which gradually grows to 15 lakhs with around 3 to 5 years of experience.

Risks Involved/ Future Prospects

Full-stack developers can work with multiple technologies, and so, they can handle more aspects of a project than an average programmer. As a full-stack developer, you’ll have to handle both the client-side and the server-side of the application you develop.

Product Manager

About the Job

Product Management is one of the best paid careers in India. It deals with new product development, business justification, planning, verification, forecasting, pricing, product launch, and marketing of a product or products at all stages of the product lifecycle. As a Product Manager, you will have to take care of strategy, marketing, feature definition, forecasting of the product or product line among other things.

Skills/ Qualifications Required (Ideal for)

The education level required to apply for many product manager positions is a bachelor’s degree in business or a related field. Typical areas of study for aspiring product managers include communications, marketing, economics, public relations, statistics, advertising and management. You also need to have empathy and a keen eye for understanding customer needs, collaboration, since the product manager will be working with a variety of divisions, an eye for aesthetics and ability to set deadlines and meet them for prototypes, product manufacture, and delivery.

Average Salary

The average salary for a Product Manager is 15 lakhs in India.

Risks Involved/ Future Prospects

You have to make sure that your product has a positive impact on the bottom line of your business as a product manager. Moreover, your product may not create an impact on over all user experience. There could also be technological and delivery risks.

Investment Banker

About the Job 

One of the highest paying jobs in India, an Investment Banker helps their clients to invest money in the best way for the highest possible returns. Your role as an Investment Banker will be to engage in advisory-based financial transactions on behalf of individuals, corporations, and governments.

Skills/ Qualifications Required (Ideal for) 

If you have degrees related to Accounting, Business, Finance, Economics, Maths, Statistics, Engineering (Software and Analytics side jobs), then you may take up this profession. Those who are good with numbers, have good analytical skills, communication skills etc. are much valued by Recruiters.

Average Salary

Mid-career & experienced professionals can earn up to 30 lakhs p.a. and more, with experience. For fresher’s, the pay begins from 10 – 12 lakhs p.a.

Risks Involved/ Future Prospects

Risk in this profession mainly includes the possibility of losing some or all of an original investment.

Architects

About the Job 

With buildings coming up and cities emerging, architects are in high demand and are highly paid depending on the projects they undertake. Creative and skilled architects design, plan and build homes and other structures for their clients.

Skills/ Qualifications Required (Ideal for) 

You can get enrolled for Bachelor’s Degree in Architecture to take up this profession. As an architect, you need to have design skills and knowledge of building and construction, to be thorough and pay attention to detail, thinking and reasoning skills, customer service skills, excellent verbal communication skills, analytical thinking skills and the ability to use your initiative.

Average Salary

You can earn Rs.8-12 lakhs p. a. with this profession.

Risks Involved/ Future Prospects

There are many potential risks on the construction site which pose danger for the profession. Moreover, you need to be updated with the recent trends so as to shine in your career.

Digital Marketing

About the Job 

Digital Marketing Managers are in charge of planning and managing marketing campaigns that promote a company’s brand, products, and services. Their duties include planning campaigns, analysing metrics, and identifying trends. They typically have experience in art direction and social media.

Skills/ Qualifications Required (Ideal for)

There are long term and short term digital marketing courses that you can learn after 12^th class. In addition, you need to have paid social media advertising expertise, sales skills, specific marketing channel expertise, the ability to think objectively, execute and analyse drip marketing campaigns, a mix of creativity and analytical abilities, good copy and visual storytelling abilities and A likable personality. 

Average Salary

The average salary for an entry level/ fresher Digital Marketing executive is about 3.5 lakhs and 4 lakhs per annum.

Risks Involved/ Future Prospects

In digital marketing, you face real-time customer complaints and feedback. Hence, you need training and expertise necessary to manage social media to the optimum. Your digital footprint becomes too much to handle and can turn to negative online reputation.

So these were some of the high paying jobs in India. Some of these might require special education and some can be obtained through experience.

If you want to enter a high paying job, it is important to have a goal in mind, understand where you are headed in your career and take sensible decisons that will help you in the future.

If you need any help with career planning, do ping me using the live chat or drop a comment and I will respond.

Frequently Asked Questions about High Paying Jobs in India

Which job has highest salary India?

DevOps Engineer, Surgeon, Airline Pilot etc are highest salary in India. For mmore High Paying Jobs in India, you can read this post.

What are the 5 most high paying jobs?

Cardiologist, Anesthesiologist, Surgeon, Dentist, Orthodontist

Which degree gives highest salary?

Petroleum Engineering and Computer Science.

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