HIGHEST PAYING JOBS IN 2020
You would want a job that pays you the most. On top of that, you have job satisfaction as well.
Here is a list of top ten jobs that you can consider pursuing in India in the year 2020. These jobs will surely help your zodiac sign earn good money.
This is a new career option and has recently grown in India. This particular profession is likely to offer you with good packages.
Your role as a data scientist will be to manage the big and huge amounts of data on a regular basis. The main reason for you to opt for this as your career option is that it has seen a 40% rise since the year 2019.
The basic skills that you need to have in order to be a data scientist is the ability to work using difficult formulas, the will to understand the psychology of the consumer and programming language skills.
A data scientist with little or no work experience is offered a salary of four to twelve lakh. The best part is that with an experience of 5 to 6 years in the field of data science, you can get a salary of around 50 to 60 lakhs per annum.
This is another profession rising at a very fast rate. This can be considered as the sub-category of artificial intelligence. Your role will be to design systems that learn as well as improve on their own.
The basic skills that you will require to take machine learning as your profession are programming using R or Python, good knowledge of statistics, good communication skills, both written and oral.
If you have graduated as an engineer or have a degree in mathematics as well as a one-year experience, then you are just fit for this job. Bangalore is the city in India which offers maximum jobs in this field.
Your initial package can be of around seven to fifteen lakhs per annum. However, with time it will grow up to 27 lakhs per annum. With an experience of 3 or more years, your salary can be as high as 8 to 40 lakhs and the highest being 50 lakhs per annum.
Accenture, hCaptital Business Consulting and Quantiphi in Mumbai, Zycus and IBM in Bangalore and ITC Infotech in Gurgaon are some of the major companies looking for people to work in the field of Machine Learning.
This too is pretty new and interesting career option that you can think about choosing. Your main role will be to redefine things like currency transactions, data security, data handling, and connectivity of the internet.
This particular profession helps to fasten the speed by eliminating all the middlemen involved in the process. With the requirement of this profession from both the private and public sectors, the need for such professions will be a must in the coming years.
The basic skills that are much for you to get in this profession are of thoroughly understanding blockchain as well as the architecture, Knowing data structures, good knowledge of web development, and cryptography.
Since this particular sector does not have a lot of professionals, therefore, the hirers are ready to pay a good amount. This is one of the highest paying jobs in India and you can earn almost 45 lakhs per annum.
Most of the professionals are paid between 6 to 25 lakhs per annum. But the highest pay that you can receive is 50 lakhs per annum.
Full-Stack Software Developer
Your major task would be to create the front and back of any website using all the software techniques. In short, you can be a web developer with enough knowledge about the database system as well.
Your educational qualification can be that of a BTech or BE graduate. As a beginner, there are chances that you will get an initial salary package of around 4 to 6 lakhs per annum. However, with an experience of around three to five years, your salary can reach up to 15 lakhs per annum.
According to studies, around 75% of people working in this profession have an average salary of 6 to 25 lakhs per annum. The highest salary can be up to 30 lakhs per annum.
This is a very sought-after profession in big companies. You are mostly responsible for making strategies, looking after marketing, and forecasting the products that a company is working on.
All in all, your main role is to understand the customer and his/her requirements, using which you can help the engineers of the company to launch the desirable product.
The basic set of skills that you will require are willingness and empathy to understand what the customer really wants, collaboration ideas as you will have to juggle between a lot of different departments, you should know how to work with aesthetics and should be able to meet strict deadlines with a desirable product.
You need to be pretty experienced if you want to work in this particular profession. Your degree won’t be of very big help here.
You need to be firm with your goals and should know how to satisfy your customers as well as meet the goals. Having a constant conversation with your customers in order to be updated about their needs is a must.
Since this profession involves people with good experience, the average salary is around 15 lakhs per annum in India. The lowest can be that of seven lakhs per annum but the maximum can go up to 26 lakhs per annum. Such high salaries are offered in huge companies like Amazon, Flipkart and eBay.
RBI Jobs (GOVERNMENT SECTOR):
Reserve Bank of India is the finance repository of India and all the jobs under this sector can be termed as government jobs. The benefits provided by such jobs are fulfilling and lasting even after retirement in some sectors.
These benefits cover the expenses of employees regarding housing, travel, business trips, and bonuses on special occasions along with the salary, etc. People recruited for these jobs are trained really well so that they perform efficiently.
The skills that are required for you to get selected include being ambitious, a constant effort and interest to learn and better yourself at your work, the right balance in characteristics of competitiveness and humility so that you are given a wholesome training and knowing your shortcomings and correcting them.
A degree-holder who wants to apply for such jobs need to give an online test which follows a criterion of (i) marks 60% and above and (ii) age ranging from 21 to 30 years. These online tests are made available before the intake of employees is started, for that particular job.
Graduates who are recognized as efficient may be paid up to 9 lacs/year, plus other benefits and perks as well.
Our country is the 4th largest importer of Liquefied Natural Gas (LNG) after Japan, South Korea, and China and we are constantly aiming to reduce the dependence on these imports by 2022 from 77% to 67%.
These jobs might not sound very interesting to most people but that doesn’t mean that there are no admirers for this job. Those who have chosen this field have made it to a great extent in life.
Oil and Natural Gas Industry also has a company, ONGC (Oil and Natural Gas Corporation) which holds a lot of potentials. Looking at the importance of this field, which is spread on an international level, we can say that if you choose this field there can be many opportunities for you to work and achieve.
The skills required to enter such a job include being sound in math and analytical skills, logical and problem-solving skills and communication and inter-personal skills which is very necessary while communicating with fellow team members on different projects.
Graduates from degrees like BE or BTech in Petroleum Engineering with an additional ME or MTech is preferable for this job. Not only these specializations but also civil related subjects like Site Engineer, Production Engineer, etc are also good-to-go.
Salaries for such jobs range from 15 lacs to 40 lacs per year depending on your expertise as well.
CA’s are required in every sector and play an important role as they deal with all the finance-related issues of the company. They handle the accounts, audit services, taxes, salary, etc of a company.
They also have to deal with any new financial reforms introduced by the government like GST, taxation policies, etc. According to the data, there is only 1.25 lakh CA’s for a country with a count of taxpayers as high as 6.8 crores.
The skill of most importance for becoming a CA is very strong numerical and analytical skills because finance is all about numbers, decision-making skills, knowing the clients and the industry and also very confident communication skills so as to be able to convince anybody about the financial details in an uncomplicated way.
There are levels to be completed to become a CA like Common Proficiency Test, Integrated Competence Professional Course, 3-years article-ship or training under a practicing CA and the last one CA final.
Salaries range from 8 to 10 lacs/year for beginners and may go up to 50 lacs/year, depending on the level of experience and expertise in this field.
To help invest in the right places and giving ideas on how to increase your money and get the highest possible returns is the job of an Investment Banker. We see such roles being played in Hollywood and Bollywood movies and feel that such a field might be very cool. Well here’s the answer, it is cool.
It is considered to be one of the best jobs in India and one of the highest-paid jobs in the world. In India, students who graduated from esteemed colleges like IIM choose Investment Banking as a career.
Skills required to become an Investment Banker include being very good at statistical calculations, quick-paced as it is one of the highest paying jobs, strong analytical and testing skills to be able to provide your suggestions regarding prospective investments.
Salaries range from 10-12 lacs/year for beginners and up to 30 lacs/year for experienced investment bankers. According to the data, generally, the salary ranges from 4-40 lacs/ year which makes it one of the highest-paid jobs in India.
The duties of a Management Consultant is to help make the company better by helping it solve issues related to performance, growth maximization, etc. The concerns to be considered by a management consultant is related to different aspects of a company including strategy, management, structure, operations, etc.
The skills required to become a management consultant include good knowledge of business, economics, finance, mathematics, problem-solving skills, interpersonal and communication skills (oral as well as written), team-work and team-management skills, and cool nature to face any challenges and pressure.
A graduate from business, economics, finance or management streams are highly acknowledged by the companies for the management consultant position. To get selected make sure to have enough skills to put up on the CV like an MBA course, or any courses related to this field.
Salary for management consultants is generally paid on an hourly basis, but it can range from 30K-10 lacs/year.
With the COVID-19 situation, jobs might have become limited; however, the above-mentioned jobs have a good scope and will not disappoint you
Therefore, you can choose wisely from the above mentioned job options in order to have job satisfaction as well as a good pay scale.