Header Ad

What Are The Top 10 Highest Paid Jobs In India?

By Akanksha - November 03, 2023 08:47 PM

Today's youth work hard to excel in school and land one of the highest-paying jobs in the world. Unless you are very specific about your hobbies, selecting "the right job" is never simple. The financial possibility of a job offer is one aspect that might aid in accepting it.

When it comes to picking a professional path, money is the most powerful motivation. If salary is a crucial aspect for you, these are the top ten best-paid occupations in India. This list was updated in 2023, and regardless of your work level, beginner/entry-level, or medium level, they can help you determine where you want to go next and locate the top jobs in India.

Top 10 Highest Paid Jobs In India

Professions / Jobs Average Salary 2023 Highest Salary 2023
Medical Professionals 10 Lakhs 17 Lakhs
Data Scientist 9.5 Lakhs 26 Lakhs
Machine Learning Experts 6.9 Lakhs 22 Lakhs
Blockchain Developer 8 Lakhs 21 Lakhs
Full Stack Software Developer 6.7 Lakhs 17 Lakhs
Product Management 14 Lakhs 35 Lakhs
Management Consultant 11 Lakhs 34 Lakhs
Investment Banker 9.6 Lakhs 33 Lakhs
Chartered Accountant 9 Lakhs 18 Lakhs
Marketing Manager 7 Lakhs 20 Lakhs

1. Medical Professionals

Medical Professionals

Image Source: Twitter

The average compensation of healthcare professionals in India is approximately 10 LPA, according to the normal pay scale of medical experts in India. Over a quarter of all medical professionals earn a salary of 20 LPA each year. According to PayScale, the average compensation of a General Physician in India is Rs. 6,95,239 LPA, while the salary of a General Surgeon is Rs. 11,10,412 LPA, making it one of the highest-paying positions in India.

The remuneration package of medical specialists is often determined by the specialized stream. Aside from conventional specializations such as Dentistry, Optometry, and Pharmacy, fields such as Healthcare Administration, Nursing and Medical Assistant, Home Health Aide, and so on have arisen as promising and well-paying healthcare paths.

Location Salary (per month)
New Delhi INR 84,910
Kolkata INR 69,711
Mumbai INR 66,357
Hyderabad INR 51,922
Bangalore INR 51,210
Pune INR 50,462

Academic Qualification

The prerequisite for becoming a doctor in India is an M.B.B.S. (Bachelor of Medicine and a Bachelor of Surgery) degree. Therefore, an M.B.B.S. from a university approved by the Medical Council of India (MCI) is required for all doctors. Aspirants can select from specialities like Master of Surgery (M.S.) or Doctor of Medicine (M.D.) while pursuing their postgraduate degree (M.B.B.S.).

Top Companies

  • Apollo
  • Columbia Asia
  • AIIMS (All India Institute of Medical Sciences)
  • Max
  • Fortis

2. Data Scientist

Data Scientist

Image Source: Twitter

One of the highest-paying careers in India is data science, which pays certified professionals between 4 and 12 lacs even if they have little to no work experience in the field. Five years of experience earn a data scientist between INR 60 and 70 LPA. Pay ranges fall into one of the following categories:

Location Salary
India 9,50,000
Mumbai 11,70,000
Bangalore 10,30,000
Pune 8,66,000

Academic Qualification

  • Engineers – BE / BTech (without coding experience)
  • Graduates (no programming knowledge)

Top Companies

  • Walmart Labs – Bangalore
  • Amazon – Hyderabad / Bangalore
  • Procter & Gamble – Hyderabad
  • GreyAtom – Mumbai
  • People Interactive – Mumbai

3. Machine Learning Experts

Machine Learning Experts

Image Source: Twitter

Machine learning engineers are among the top-paid professions in India, with an average income of ₹691,892.

Less than a year of experience might earn ₹501,058 annually for machine learning engineers. Professionals in their early stages should anticipate earning ₹698,443. An expert in machine learning makes a staggering ₹1,948,718 a year after gaining 10 to 19 years of expertise.

The greatest city for machine learning specialists is Bangalore, India's Silicon Valley, which offers 20% more than the national average. Deep learning and Python are the two areas where experts are known to make more money on average.

The city with the most openings is Bangalore, followed by Delhi/NCR. 22% of Naukri's ML jobs provide a salary between 10 and 15 LPA, while 32% of ML jobs pay between 6 and 10 LPA.

Location Salary
Pune INR 8,65,218
Bangalore INR 7,74,309
New Delhi INR 7,07,622
Mumbai INR 5,83,386
Ahmedabad INR 5,21,161
Chennai INR 5,00,000
Hyderabad INR 4,00,000

Academic Qualification

B.E./B.Tech in data science, information technology, mathematics, statistics, or computer science (if possible). In the sector, advanced degrees—such as postgraduate or doctoral degrees in related fields—are also highly prized.

Top Companies

  • Quantiphi – Mumbai
  • IBM – Bangalore
  • Zycus – Bangalore
  • Accenture – Mumbai
  • ITC Infotech – Gurgaon
  • hCapital Business Consulting – Mumbai

4. Blockchain Developer

Blockchain Developer

Image Source: Twitter

Blockchain technology is one of the top 18 highest-paid careers in India, with an average income of Rs. 8,01,938.

Owing to a scarcity of seasoned experts, companies compensate well for the necessary abilities. Experts in machine learning (ML) may earn up to 45 LPA, making it one of the best-paying occupations in India due to the high and increasing demand. Pay ranges fall into one of the following categories:

Location Salary
Pune INR 8,65,218
Bangalore INR 7,74,309
New Delhi INR 7,07,622
Mumbai INR 5,83,386
Ahmedabad INR 5,21,161
Chennai INR 5,00,000
Hyderabad INR 4,00,000

Academic Qualification

B.E./B.Tech in Information Technology, Statistics, Mathematics, and Computer Science. Candidates with a few years of prior coding expertise in popular languages such as Java, JavaScipt, C#, C++, and Python are preferred by employers.

Top Companies

  • Auxesis
  • Primchain
  • Signzy
  • Sofocle
  • SoluLab
  • OpenXcell
  • Elemential
  • MindDeft

5. Full Stack Software Developer

Full Stack Software Developer

Image Source: Twitter

Full-stack engineers with less than a year of experience at entry level might make ₹375,000 annually. Full-stack engineers can make ₹553,000 annually if they have one to four years of expertise. One of the top 18 highest-paying positions in India is that of mid-level developers with five to nine years of experience, who get ₹1,375,000 annually.

Location Salary
Bangalore INR 7,72,500
Pune INR 7,03,505
Hyderabad INR 6,98,136
Gurgaon INR 6,72,411
Mumbai INR 6,50,209
New Delhi INR 6,50,000
Ahmedabad INR 6,07,258
Chennai INR 5,88,674

Academic Qualification

Full-Stack Developers must have a bachelor's degree in Computer Science/Information Science/Information Technology, either B.E. or B.Tech. Furthermore, they must have a good foundation in computer programming languages such as Java, Python, C, C++, Ruby, and others.

Top Companies

  • IBM
  • Siemens
  • E2logy
  • Dell
  • Barclays
  • ChromeInfotech
  • Simpalm

6. Product Management

 Product Management

Image Source: Twitter

The average income for Product Managers in India, according to LinkedIn, is Rs. 14,40,000 LPA. Freshers with little or no experience in this field may expect to earn approximately Rs. 7-8 LPA, while experienced professionals can expect to earn anywhere between Rs. 17 and 26 LPA. Companies like Amazon, Flipkart, and Ola, to mention a few, provide higher-paying jobs. Here's an illustration of the average wage range provided by Indian companies:

Location Salary
Bangalore INR 20,00,000
Gurgaon INR 20,00,000
Pune INR 18,00,000
Hyderabad INR 16,00,000
New Delhi INR 15,00,000
Chennai INR 15,00,000
Mumbai INR 13,00,000
Kolkata INR 10,00,000

Academic Qualification

A bachelor's degree in Business Administration or a similar discipline such as Economics/Communications/Marketing/Public Relations/Advertising/Management is the minimum educational requirement for Product Management jobs. Firms typically demand extensive educational degrees for senior-level Product Management positions.

Top Companies

  • Microsoft
  • Amazon
  • Flipkart
  • Ola
  • Google
  • Salesforce
  • Uber

7. Management Consultant

Management Consultant

Image Source: Twitter

In India, a management consultant makes, on average, Rs. 11,49,770 LPA, according to PayScale. The typical salary range for entry-level management consultants is between Rs. 6 and 7 LPA, while those with a few years of expertise in the field might make between Rs. 8 and 11 LPA. One of the highest-paying positions in India is that of a management consultant with expertise; pay scales start from Rs. 18 to Rs. 23 LPA.

Location Salary
Gurgaon INR 23,58,745
New Delhi INR 23,29,542
Hyderabad INR 22,79,569
Bangalore INR 22,71,000
Chennai INR 17,49,181
Mumbai INR 12,00,000
Pune INR 10,00,000

Academic Qualification

Having a bachelor's or master's degree in a business-related discipline is required for management consultants. While applicants can come from any sector to work in management consulting, it is recommended for people with a background in accounting, finance, or economics. Certifications in management consulting are becoming more and more recognized by businesses these days.

Top Companies

  • Accenture
  • McKinsey & Co.
  • Ernst & Young
  • KPMG
  • PwC
  • Deloitte

8. Investment Banker

 Investment Banker

Image Source: Twitter

We have seen several Hollywood and Bollywood actors portray this character, and we have heard a lot about this job profile. An investment banker, one of the highest-paid positions in the world, advises a client (a bank or company) on how to invest its funds for the best returns. Dealing with money, both your own and others is the stuff of fantasies and one of the highest-paying careers in India. It has always been one of the top jobs in the country.

Investment bankers are among the highest-paid professions in India, with an average pay range of 4 to 40 LPA. The wage range for new hires is 10 to 12 LPA. Professionals in their mid-career and beyond can make up to thirty LPA and more as their expertise increases.

Location Salary
New Delhi INR 20,00,000
Pune INR 20,00,000
Mumbai INR 15,62,336
Bangalore INR 7,97,492
Chennai INR 7,48,439

Academic Qualification

The minimum educational need for investment bankers is a bachelor's degree in business administration, finance, economics, or mathematics. It is much preferable if they hold a master's degree in any of these fields of study.

Top Companies

  • JP Morgan Chase
  • Goldman Sachs
  • HSBC
  • Citibank
  • ICICI Securities Ltd.
  • Axis Capital Ltd.
  • Deutsche Bank
  • IDBI Capital

9) Chartered Accountant

Chartered Accountant

Image Source: Twitter

A chartered accountant (CA) earns between Rs. 6-7 LPA, with the potential to earn up to 30 LPA or more based on experience and competence. This makes it one of the top 18 highest-paid occupations in India.

Salary levels for foreign workers might reach up to Rs. 75 LPA. Pay for chartered accountants with three to four years of experience ranges from 8 to 12 lakhs.

Location Salary
Bangalore INR 9,62,631
Kolkata INR 9,44,239
Gurgaon INR 9,02,540
Chennai INR 8,99,349
Mumbai INR 8,77,936
New Delhi INR 8,68,895
Hyderabad INR 8,56,934
Pune INR 8,32,343

Academic Qualification

The Intermediate course given by ICAI is open to postgraduates and graduates in commerce with a minimum of 55% of the possible points as well as intermediate-level pass holders from the Institute of Cost Accountants of India and the Institute of Company Secretaries of India. Other discipline graduates and postgraduates are also eligible to enrol in ICAI's CA programme, however, they must meet a minimum cut-off percentage of 60%.

Top Companies

  • Ernst & Young
  • Standard Chartered
  • Deloitte
  • Grant Thornton International
  • KPMG
  • BDO International

10. Marketing Manager

Marketing Manager

Image Source: Twitter

Market managers in India make an average income of Rs. 7,01,976 LPA, according to PayScale. Experienced mid-level professionals make between Rs. 10 and 12 LPA, whereas entry-level professionals typically make between Rs. 4 and 6 LPA. It is one of the highest-paying positions in India, with experienced managers earning salaries that approach Rs. 15 to 22 LPA.

Location Salary
Bangalore INR 11,29,908
Gurgaon INR 11,00,000
Mumbai INR 10,72,485
New Delhi INR 10,22,150
Chennai INR 9,91,846
Pune INR 9,48,384
Kolkata INR 8,68,044
Hyderabad INR 8,55,119

Academic Qualification

Professionals in marketing management or business administration are required to hold a bachelor's degree. To be a marketing manager, you can also have a background in accounting, finance, business law, economics, or statistics. A master's degree or an MBA is strongly desired for anyone with advanced education.

Top Companies

  • Amazon
  • TCS
  • Tata Motors
  • Flipkart
  • Vodafone
  • Airtel
  • IBM

About the Author:

Akanksha Sinha Writter

Akanksha Sinha

I'm Akanksha Sinha, an expert in writing sports blogs, news, and various articles for entertainment and more. I bring a unique flair to my work, providing insightful perspectives on the world of sports.

My articles aim to inform and entertain, making me a go-to source for sports enthusiasts seeking a blend of information and enjoyment. With a passion for storytelling and a keen eye for detail, I consistently deliver compelling narratives that resonate with a diverse audience.