Toiling for years, learning favorite subjects, scoring good grades in favorite as well as bitter flavored subjects and later enjoying educational success with family and friends is just the beginning of an unmapped career territory. These days’ students have a plethora of career options on their table. By developing proper skills and getting a little bit of hands-on experience in any one of those options can land them in exciting career starts leading to standout podiums. However, most of the time high paying jobs do not sync with the desired career path. For better opportunities students acquire new skills, thereby getting suitable for best-paying jobs.
Year 2020 is the time guaranteeing students the best jobs if they have apposite skills needed to perform prolifically. The gateway to this decade of the 21st century is jarred with high salary jobs and career benefits for budding individuals. Some of the best jobs in India are mentioned here. Salaries vary according to the field of work.
1. Data Scientist – Comparatively a newer and exciting career field that offers good packages. The work involves managing and organizing a massive amount of data for the company. Analyzing data for taking appropriate business decisions to generate profits and building customer relationships is what the general description of the working of a data scientist suggests. According to recent surveys, demand for data scientists has gone up 40 percent since last year.
- What skills would you need?
Expert in handling mathematical formulas, understanding of consumer behavior, business process intelligence and programming language knowledge is what needed. In general, BE/BTech engineers pursue this career path, but becoming a data scientist is not limited to only BE/BTech engineers. Graduates and engineers with PG Diploma in Data Science can also become Data Scientist. Master’s in Data Science is available to some institutes where the course involves hands-on training through project work.
- Earning Opportunities At Famous Companies
The PayScale suggests that Data Scientists in India can earn an average of INR 6 lakh year wise and a Senior Data Scientist income is around INR 1 crore per annum.
Though the salary range varies from states to states, yet data science is a good-paying job profile. Plenty of job openings are there on common job portals and critically acclaimed companies like Amazon, Busigence Technologies, Happay, Walmart Labs, People Interactive, GreyAtom and Proctor & Gamble are hiring Data Science experts.
2. Machine Learning Professionals – In parallel to the hypermarket demands of Data Scientists, Machine Learning professionals are also insights of top-notch companies. Machine Learning experts get paid highly in India and abroad. Being an application of artificial intelligence, Machine Learning applications are similar to what systems learn and perform according to their own wishes. Almost alike a human brain. Machine Learning professionals are responsible for building these systems and applications.
- What skills would you need?
Ingenious skills in programming with R and Python accompanied by strong statistical knowledge is what required to become a Machine Learning Professional. Other skills include strong written and oral communication as per corporate demands. One must be able to suggest possible decisions by interpreting complex data into simple forms.
Mostly engineering graduates, software & IT professionals, data professionals with atleast one year experience or degree in mathematics or statistics are preferred for this job role. In fact, aspiring machine learning professionals can complete a course in machine learning from a reputed institution and get a postgraduate diploma degree in the same subject. After that they can start working as a Business Analyst, Product Analyst and Machine Learning Engineer or even as Data Scientist.
A healthy number of machine learning jobs are there for freshers that offer salary between INR 4,50,000 – 8,90,000 per year. Experienced Machine Learning professionals earn between INR 15L and 50L per annum. You can start applying in ValueCoders, ArStudioz, PixelCrayons, Prolitus, Endive Software, Space-O Technologies or Technostacks Infotech.
3. Blockchain Developer – For a few years, Blockchain has been creating drastic changes in financial transactions, internet connectivity, data security and handling. It is the new age technology curbing any need of hidden costs. The creation of transparency and traceability in financial transactions, internet connectivity and data security has made Blockchain so famous.
- What skills would you need?
Complete understanding of Blockchain and its framework. Data structures, cryptography, web development and smart contract development are among the skills you need. As no coding experience is needed, engineers (BE or B.Tech) from any discipline can opt for learning Blockchain. Postgraduate courses are offered by some of the reputed organizations in this field.
On average, Blockchain developers can earn from INR 5L to 50L every year. As there is a shortage of Blockchain professionals, companies are ready to pay INR 1.5crore to INR 2.5crore. Renowned companies hiring Blockchain developers are SOMISH, EzyRemit, Signzy, Primechain, PSI PHI Blockchain Labs, Darwin Labs, KrypC and Sofocole Technologies.
4. Full Stack Developer – Imbibed with the task of developing both the front end and the back end of software or a website, Full Stack Developers are professionals having expertise over database systems, HTML and CSS.
- What skills would you need?
Fluency in Javascript, HTML and CSS is needed with an eye for aesthetics. Working in a collaborative environment to meet tight deadlines is also a part of Full Stack developers efficient skill set. Engineers without coding experience are also preferred for this job role. They can complete a course in the languages required to become a full-stack engineer and strengthening the portfolio.
Full stack developers earn between INR 4Lakhs to 6Lakhs. This salary range is for fresher full-stack developers. Experienced Full stack developers salary gets multiplied by huge factors.
5. Product Management – Staying busy with the tasks of understanding customer requirements and then conceptualizing the necessary feature, a product manager works in collaboration with the engineering team to actualize the concepts. They are needed to strategize and predict the market for a particular product.
- What skills would you need?
Excellent communication skill for working with a variety of other professionals is among the top skill requirements. Adjusting thoughts according to market trends and customer needs, working under pressure for making prototypes and product manufacturing are also the exquisite characteristics of a good project manager. Product managers are usually professionals with a good amount of industry experience.
The average salary offered to a project manager is INR 15L by top-ranked companies.
6. Management Consultant – Giving solutions to augment company performance and thereby increase the stature of the company is what Management Consultants do. They are involved in strategizing, constructing, managing and operating roles.
- What skills would you need?
Efficiency in business, finance, economics and mathematics is expected from a Management Consultants. A Management Consultant should be knowledgeable enough in business, finance, economics and mathematics and should have the working capacity in a team. Excellent interpersonal and communication skills both verbal and written, problem-solving skills are parts of the skill requirements of a management consultant. A Management Consultant should have a bachelor’s degree in business, economics, finance, the management or any related field. High ranked companies even ask for an MBA degree.
Top-performing Management Consultants earn an average of INR 12L per annum. PwC India, Wipro, Dell, Accenture, Deloitte India, KPMG and Paytm are among the top recruiters of Management Consultants.
7. Investment Banker – A non-technical job profile involving skills of client assistance who invest their money in expectation of the highest possible returns are dealt with by Investment Bankers. It is one of the best jobs available in India.
- What skills would you need?
You must be a very well skilled statistician with a caliber of carrying out calculations faster. Strong research and analytical skills are also needed in the skills section of the resume with additional skills on verbal and written communication.
Students who complete an MBA degree in Finance and followed by Investment Banking specialization are accepted for this job role. Investment Banking course is offered by some of the well-known institutions of the country.
The average salary offered to an investment banker is around INR 9L which can rise up to INR 30 LPA. Axis Bank Ltd, Barclays Bank PLC, BNP Paribas, Central Bank of India and Credit Suisse Securities (India) Private Ltd hire Investment Bankers.
8. Chartered Accountant – Companies are always in the need of managing money properly. Providing professional service to the companies in money managing are Chartered Accountants who are experts in accountancy, taxing and auditing. They help in GST understanding. Currently, there is a dearth of Chartered Accountants in India.
- What skills would you need?
Strong communication skill for conveying complex financial segments to the clientele is needed. Grip over numerical and analytical skills for working with numbers for formulating company beneficial decisions are all implanted to the working of a Chartered Accountant. Chartered Accountancy course is offered by The Institute of Chartered Accountants of India, New Delhi.
A fresher chartered accountant earns INR 6 Lakh or 7 Lakh which can go up to INR 75 LPA.
9. Reserve Bank of India Jobs - Reserve Bank of India holds the control of entire banking in India. It offers salary packages with a lot of added benefits including travel allowance, house allowance, holidays and others.
- What skills would you need?
Problem-solving skills to qualify in the examinations conducted for employment. Graduates with a 60 percent score are eligible for examinations.
New joiners earn around INR 9L per annum and get a lot of other perks and incentives.
