Post-covid, the World has seen a reset in approach toward their livelihoods with a need for career versatility and multiple income sources.
With STEM fields being looked upon as a prime domain of high-income generating professions, it is also proving to be the origin of evolution into the World of AI and Technological advancements.
With the economic shakedown of Covid-19, the Indian attitude toward career and future lifestyle has altered the Indic perspective and turned more toward technological & in-demand occupations.
Top 10 career options in India today
1. Medical Professionals
The pandemic was an eye-opener for people all over the World, where the undersupply of medical care, professionals, doctors and infrastructure was the need of the hour. One of the highest-paying career is being a part of the medical and healthcare industry. Whether being a pharmacy owner, surgeon, physician or any specialist the payment starts anywhere around 10-15 lakh per annum.
2. Data Scientist
A data scientist combines math and statistics, specialized programming, advanced analytics, artificial intelligence (AI), and machine learning with specific subject matter expertise. Data scientists are highly in demand as they can uncover actionable insights hidden in large and complex datasets, which are increasingly important for organizations to make decisions. According to multiple sources, an average salary of a data scientist in India ranges anywhere from 7.80 lakh to 10.50 lakh per annum. They are also paid well because of the rare combination of skills they hold.
3. IT Professionals
With growing digitisation and tech advancements, the need for Cloud Engineers, Blockchain Developers, Software Developers, Big Data Engineers, System Analysts and Software Engineers has grown tremendously. The level of complexity in this career has raised the compensation as well. The salary for any IT professional starts from 4.5 lakh to 30 lakh per annum.
4. Commercial Pilots
Commercial pilots earn more than other pilots because they have to undergo rigorous training, obtain a licence and gain flying experience to operate different types of aircraft and helicopters. Commercial pilots are in high demand because they provide essential services to various sectors, such as tourism, transportation, rescue, etc. Therefore, commercial pilots are compensated with high salaries to reflect their skills, experience and value. The average salary for a commercial pilot in India is around ₹1,711,385 per year, with a range from ₹125,000 to ₹8,000,000 per year. The career is even more giving abroad.
5. Chartered Accountant
Chartered Accountant being a difficult profession to take up, one can work in different job profiles, such as audit manager, finance manager, tax consultant, financial analyst, chief financial officer, etc., depending on their qualifications and interests. CA as a career can earn more than other professionals in India because they have a high level of expertise and skills in accounting, taxation, auditing, finance, and business management. In India in 2023 is around ₹8.6 lakhs per year, with a range from ₹1 lakh to ₹70 lakhs per year.
6. Merchant Navy
The merchant navy contributes to the economy and security of the nation by facilitating international trade and commerce. The merchant navy is in demand because it is the foundation of global trade and commerce. It moves freight and carries merchandise across various locations and countries through the sea route. The lowest salary of a merchant navy cadet is ₹25000 per month to the highest officer or captain can go up to ₹2,00,000 per month.
7. Investment Banker
Investment bankers are in demand because they help companies, organizations, and governments, with their expertise, network and their agencies they help to raise public or private money through debt and/or equity. They also provide financial advice, valuation, merger and acquisition, restructuring, and other services to their clients. An investment banking career in India is around ₹18 lakhs per year, with a range from ₹1 lakh to ₹70 lakhs per year.
8. Civil Services
Civil servants are responsible for implementing the policies and programmes of the government, maintaining law and order, ensuring good governance, and promoting social and economic development. The pay scale in civil services career depends on the rank, experience, and service of the officer. The basic monthly salary of a civil servant starts from ₹56,100 (excluding allowances) and can go up to ₹2,50,000 for a Cabinet Secretary.
9. Software Architect
Software architects have a high level of technical expertise and skills in various programming languages, tools, frameworks, and platforms. They also have a good understanding of the business requirements, goals, and challenges of the organizations they work for. They also collaborate with other software engineers, developers, testers, managers, and stakeholders to deliver software solutions that solve problems and create value. The average salary for a software architect in India is around ₹18 lakhs to ₹70 lakhs per year.
10. Product Manager
Product managers have to combine technical, business, and user experience skills to define the product vision, strategy, roadmap, and features. They also have to collaborate with various stakeholders, such as developers, designers, testers, marketers, salespeople, and customers, to ensure the successful launch and growth of the products. The pay range of a product manager in India ranges from ₹5.1 lakhs to ₹35 lakhs per year.
All the career options and their salaries vastly depend and vary on the roles, skills, expertise, experience, depth of study, individual circumstances and other factors.