Top 10 Highest Paying Jobs in India in 2022
To assure a high quality of life and a secure future, it is critical to strive for financial stability. If your inquiry is, “Which job pays the most in India?” we might be able to help.
In India, the job economy has changed dramatically. While traditional professions such as ‘Engineer,’ ‘Doctor,’ and ‘Architect’ are still important and valued today, many new job options have transformed India’s work sector.
Most students are unsure how to choose a career path, and to be honest, money is a powerful motivator that can help them make a decision. Knowing which jobs pay the most in India will help you decide your ideal job.
In 2022, the job situation is as follows:
According to LinkedIn, 82 per cent of Indian workers are considering shifting careers in 2022.
As they hunt for new job prospects in the new year, 86 per cent of professionals in India say they are confident in the strength of their professional networks.
According to LinkedIn’s recent poll, India’s workforce is enthusiastic about the future of work, with 82 per cent of respondents planning to change employment in 2022.
Furthermore, as they hunt for new job chances in the new year, 86 per cent of professionals in India feel confident in the strength of their professional networks.
They also expect their job responsibilities, professions, and job availability to improve by 2022.
The third wave of the Covid-19 has hit India, according to the Centre for Monitoring Indian Economy (CMIE), an independent research organization. The jobless rate has risen to about 8% in December. In 2020 and for the majority of 2021, it was over 7%.
According to a new job-seeker survey, the Great Reshuffle in India is being led by freshers with less than one year of work experience (94%) and Gen Z professionals (87%) who are more likely to explore shifting employment in 2022.
Let’s take a look at India’s top ten highest-paying careers in 2022:
1. Software Architect
Technology and the internet have made our lives easier, and software development is critical. As a result, a job or career in this industry is highly profitable. Software architects primarily provide software solutions and do activities such as coding, developing new online services, and implementing software solutions, among other things.
These folks can work for giant corporations or start their own. A software architect is a professional in software development who makes high-level design decisions and seeks to enforce technical standards, such as software coding standards, tools, and platforms. When object-oriented programming, or OOP, became more popular, the concept of a software architect began to gain traction in the late 90s and early years of the 21st century. OOP enabled the development of ever-larger and more sophisticated programmes, necessitating increasing high-level application and system oversight.
Pay Scale
Software architects earn an average of Rs. 22,30, 884 per year, with entry-level salaries starting at roughly Rs. 9 lakh per year. As with most other occupations, the more experience you have, the higher your income, including stock options, bonuses, profit sharing commissions, and other perks.
Qualifications in Education
A bachelor’s degree in computer science (CS) or a closely related subject may be required. A master’s degree will also help. It is essential to know about operating systems like HTML, JavaScript, C++, and others.
2. Solutions Architect
If you enjoy designing and constructing new systems to assist in the smooth operation of firm detecting problems and providing solutions, being a solutions architect is your best option.
These specialists are responsible for developing, designing, and implementing various business arrangements. In essence, a solutions architect will assist in the translation of corporate objectives and goals into real, tangible measures. A solutions architect is responsible for analyzing an organization’s business needs and determining how IT can address those needs through software, hardware, or infrastructure. The significance of aligning IT strategy with business goals has grown, and a solutions architect can assist in determining, developing, and improving technical solutions that support business objectives.
A solutions architect also links IT and business operations, ensuring that everyone is on the same page when developing and executing technical solutions for business issues. The process necessitates constant input, modifications, and problem-solving to design and implement viable solutions successfully.
This career has many job opportunities, including business development, management, quality assurance, mentoring, and more.
Pay Range
A solutions architect’s average yearly income is Rs. 19,27,105, while a fresher’s base annual compensation is typically around Rs. 5 lakh. With additional experience, a yearly payment of Rs. 26 lakh per annum is possible.
Educational Qualification
One should have a bachelor’s degree in computer science, software engineering, or information technology. It’s also critical to be innovative while still having strong leadership and problem-solving abilities.
It is also necessary to remain updated on the latest software and technology.
3. Commercial Pilot
Traveling to new areas and seeing the best of what the world offers are just a few of the perks of becoming a pilot, particularly a commercial pilot. In addition to flying the plane, a commercial pilot must guarantee that all flight operations are carried out safely, including pre-flight checks, adherence to aviation laws, and safe plane operation.
A commercial pilot is just a pilot permitted by the FAA to charge for their services. If you want to fly a regularly scheduled passenger service or an airline, you’ll need to meet the additional qualifications for such employment. For example, to charge money, an airline pilot must hold both a commercial pilot licence and an Airline Transport Certificate (ATP). They must also work for a regularly scheduled air carrier or another certificated operator.
Pay Range
A commercial pilot’s average base income is Rs. 17, 89, 958 per year. An entry-level compensation for a pilot with less than one year of experience is around Rs. 15 lakh per year, including bonuses, overtime pay, and other benefits.
Educational Qualification
Candidates should have a bachelor’s degree in a relevant field, especially in a science-related field such as physics or mathematics. Individuals must also possess a Commercial Pilot License from a reputable institution and other licences such as Airline Transport Pilot Licenses.
Commercial pilots must also be in the good physical condition and pass all needed medical exams.
4. Product Manager
A Software Product Manager is one of the most rewarding job and career opportunities available today. While numerous departments and industries have product managers, a software product manager oversees software product development.
Coordinating across numerous teams to ensure that the product is working at its best, formulating business plans to optimize the product’s development, and resolving any issues that arise are all possible responsibilities. They will also collaborate with the marketing department to appropriately showcase the goods to buyers. A product manager (PM) is a professional in charge of developing products for an organization, known as product management.
Product managers are in order of a product’s business strategy (both physical and digital), its functional requirements and the launch of new features. They oversee the work of numerous other departments (such as software engineers, data scientists, and product designers) and are ultimately accountable for the product’s commercial success. Product managers were once only found in technology companies’ marketing departments, but they have now expanded to include engineering and product-specific teams.
Pay Range
Another allure for people interested in this job is the excellent pay scale. A software product manager’s average annual pay is Rs. 17,66,274, with a starting salary of roughly Rs. 9 lakh. As with other changes, the more experience you have, the higher your income.
Educational Qualification
Candidates must hold a bachelor’s degree in computer science or a closely related subject. It’s also a plus if you’ve had previous management experience. Certifications in the industry or additional software skills may be required.
5. Investment Manager
An investment manager’s principal responsibility is to safeguard their clients’ financial assets. They work as brokers and counsellors for their clients, assisting them in investing their money in a potentially lucrative market at the proper time to optimize returns. Investment bankers also help companies with mergers and acquisitions, research, and provide financial advice.
The demand for professional investment managers is rising, and it is predicted to increase as new financial companies enter the market.
Pay Range
It is one of the most famous occupations today, with one of the highest average wages in the market of Rs.14,48,276 per annum. Entrants can expect to earn between Rs. 4 lakh and Rs. 12 lakh per year, with the possibility of earning up to Rs. 40 lakh per year with expertise.
Educational Qualification
One must have a bachelor’s or master’s degree in finance, accounting, or economics is strongly advised. Many job applicants nowadays pursue specialized advanced certificates or a master’s degree. It is also necessary to have great research and analytical skills, experience in statistics and arithmetic and decent verbal skills.
6. Management Consultant
Management consulting is the right career for you if you enjoy helping your organization improve its performance and solve challenges while optimizing growth. These professionals assist their clients in growing their businesses, resolving challenges and dealing with corporate operations and management, structure, and strategy. Management consultants help businesses resolve issues, improve corporate performance, add value, and maximize growth. They identify solutions to business issues and provide recommendations for improvements. Management consultants work on various e-business, marketing, supply chain management, and business strategy projects.
Daily, the position entails analyzing corporate numbers, interviewing client employees, developing presentations and business plans, and supervising the team in charge of putting these suggestions into action.
The Management Consulting industry has a current annual growth rate of over 30%, and it is increasing at a global rate of 4.1 per cent. The Indian Management Consulting Industry is estimated to generate Rs. 27,000 crore in revenue by the end of 2020.
Pay Range
Management consultants earn an average of Rs. 11,87,585 per year. Freshers can expect to earn between Rs. 6 lakh and Rs. 8 lakh per year. 7 lakh per year, with more experience earning anywhere between Rs. 11 lakh and Rs. 23 lakh per year, making this one of India’s highest-paying occupations.
Educational Qualification
Any business subject requires a Bachelor’s or Master’s degree. While specialist courses are offered for graduates, anyone with a background in Economics, Finance, or Accounting can work as a management consultant.
7. Business Manager
A business manager is a job that is in high demand today. Many firms are looking for competent people who can ensure that the company’s operations function correctly these days.
A business manager’s job responsibilities include arranging workflow, delegating tasks, coordinating teams and departments, and executing plans. Their responsibilities also include expense control and preparing reports depending on their performance.
Pay Range
A business manager’s average annual income is presently Rs. 8,75,184. Starting salaries for freshers can range from Rs. 3 to Rs. 4 lakh per year, and with experience, this sum can rise to even Rs. 30 lakh per year. Bonuses, extra pay, stock options, and other forms of compensation are all possible.
Educational Qualification
A bachelor’s degree in a related field, such as business studies or accounting, is necessary. An MBA from a reputable university is also a significant plus.
8. Data Scientist
Data scientists are analytic professionals who utilize social science and technology to discover and manage data patterns. They look at raw data and come up with answers to various business issues.
Data scientists also assist in developing bespoke statistical models and algorithms depending on end-user behaviour.
Pay Range
According to current forecasts, the average income for a data scientist is Rs. 8,54,985 per year.
Even without much experience, certified data scientists earn wages ranging from Rs. 3.45 to Rs. 12 lakhs per annum as a starting salary. The higher the experience, the higher the pay, which can vary from Rs. 60 to Rs. 70 lakhs per year, making this one of the highest-paying IT positions.
Educational Qualification
While no specific qualifications are required, engineers or grads with a data science degree or certification will have a distinct edge.
Additionally, having a working grasp of essential programming languages like Python and SQL is advantageous.
9. Chartered Accountant
Chartered Accountants are members of the Institute of Chartered Accountants of India (ICAI), the country’s only national accounting organization. CAs are in high demand in the country, but there is also a severe shortage, making this a lucrative job. The necessity for a CA can be found in small businesses and major organizations.
Furthermore, this position has a high level of job security and is continually in demand. Some of the country’s leading recruiters for CAs include Standard Chartered, BHEL, and Citibank.
Pay Range
CAs currently earn an average of Rs. 8,04,292 per year, with salaries ranging from Rs. 20 lakhs per year based on experience. The more the experience, the greater is the pay.
Educational Qualification
Students who have completed the intermediate level of the Institute of Company Secretaries of India and the Institute of Cost Accountants of India can apply. Graduates and postgraduates in commerce with a minimum of 55% of students passing the intermediate level of the Institute of Company Secretaries of India and Institute of Cost Accountants of India are eligible to apply. These exams are notoriously difficult to pass and demand dedication and perseverance.
10. Machine Learning Experts
Machine learning and artificial intelligence experts help firms make data-driven decisions that lead to greater performance. These engineers are in high demand right now and will continue to be for the foreseeable future.
This technology is being employed in various industries, including retail, healthcare, transportation, and education, providing new job opportunities for these folks.
According to some estimates, India’s machine learning and artificial intelligence market would develop at a compound annual rate of 33.49 per cent between 2018 and 2023.
Pay Range
Machine learning engineers receive an average income of Rs. 7,32,099 per year. The annual salary for newcomers starts at roughly Rs. 5 lakh and can go up to Rs. 7–8 lakh per year. Salaries for people with a decade or more of experience can reach Rs. 20 lakh per year. A career in machine learning is to pursue if you want to have prosperous employment.
Educational Qualification
You must have a bachelor’s degree in computer science, artificial intelligence, or a related discipline. For those interested in pursuing a career in this field, there are a variety of specialized courses accessible today. These certifications will give interested candidates an advantage.
Final Thoughts
These are just a few of the highest-paying jobs available in India today. The good news is that they are far from the only options.
Executive chefs, growth hackers, blockchain developers, civil servants, full-stack developers, product managers, aeronautical engineers, and web developers earn a lot of money. Work ethic and intelligence, passion, and attention to detail are all traits that can aid in reaching the pinnacle of one’s job.
Edited and published by Ashlyn
