One of the biggest reasons people consider different career choices in India is because of the payout they expect. Professions like Doctor and Chartered Accountant are super sought after because they pay handsome salaries and it’s a job that can keep you earning quite a bit for a long time. But there are many more jobs that pay quite a bit in India that most people don’t consider. We at Investollo, pride ourselves in unearthing these interesting bits of information that can enrich your lives!
So what are the 10 highest paid jobs in India? Let’s find out!
For the benefit of this article we will ignore jobs like Actors, Politicians, Cricketers and more.
Highest Salary Jobs in India Per Month
#1 – Doctors
It’s tough to generalize among doctors as there are many disciplines that one can choose from. Cosmetology, Dentistry and other practices are popular for earning a lot of money. Many doctors are also freelancers, where they consult with multiple hospitals and earn on an hourly basis. On average Doctors earn a lakh a month and it goes all the way to 4 to 5 lakhs a month for a well-experienced doctor. Doctors also have multiple options such as being a salaried employee or running their own practice. It’s one of the most lucrative job positions that can earn well beyond retirement age. More experience, more highly paid the doctor is!
#2 – Merchant Navy
One of the most popular jobs for a man in the ’90s and 2000s in India was the merchant navy. Although the popularity has tapered off a little bit because of the multitude of opportunities, it still is a top job opportunity with a lot of money to be earned. A person in the merchant navy with an experience of 7 to 8 years can easily earn anywhere from Rs. 3,00,000 to Rs. 4,00,000 a month. Even young merchant navy professionals can earn from 50,000 Rs to a 1,00,000. But this is a trying job that requires the person to be away from their home and family for months on end. But if you love to travel and visit different cities, then this is a perfect opportunity for that type of person!
#3 – Chartered Accountants
Most students who take up commerce in the 11th standard have an ambition of clearing their Chartered Accountancy. It’s not because they want to be part of a gruelling exam, but the fruits that can be enjoyed post the clearance of that exam. The chartered accountancy course is one of the hardest exams to clear in India. The pass percentage is also extremely low. This is done to keep a balance between the demand and supply of chartered accountants in the market. This limit placed by the CA Institute ensures that chartered accountants earn a lot of money in India. A starting level chartered accountant can easily earn from 50,000 Rs a month to 70,000 Rs a month. A chartered accountant working for the big four accounting firms such as PwC, E&Y, KPMG and Deloitte, earn anywhere from 100,000 to 3,00,000 with an experience of 5 to 7 years. It’s one of the most lucrative jobs in India.
#4 – Software Developer
One of the most in-demand jobs currently in India. The software developer might seem like an ordinary desk job, but it’s a highly lucrative job opportunity in the present climate in India. As software is eating the world, businesses require developers to build applications either for clients or for their own products. Every business has software running behind it. From hardware to food delivery. An entry level developer can earn 40,000 Rs to 45,000 Rs a month. A good developer with 4 to 5 years of experience can easily earn about 1,00,000 a month and a person with more experience can much more. Even as a freelancer, a software developer is much in demand. Even with a few clients a good freelance software developer can easily earn anywhere from 3,00,000 to 4,00,000.
#5 – Civil Services
The Civil Services is one of the most prestigious professions in India and it’s a job that comes with a lot of responsibilities and pride. Clearing the civil services exam isn’t a cakewalk. The civil services are divided into Indian Administrative Services, Indian Police Service and Indian Foreign Service. All Civil servants are employees of the government of India and hold very powerful jobs that run this nation. There are about 50,000 civil servants in India and it is a huge in-demand job. The starting salary of a person from the civil services is about 80,000 Rs which makes it one of the highest-paid jobs for an entry-level job position. As you grow older and have more experience, there are a lot of incentives, foreign travels and more.
#6 – Lawyer
Although lawyers are a dime a dozen. They are one of the most important people in the country. There are more court cases than there are judges or courts in the country and a lawyer is always in demand as there are numerous court cases filed on a daily basis. A lawyer within an organization has a slightly limited scope and earn less than their practising counterparts. If you are a lawyer in a firm, especially one of the biggest firms in India, you can easily earn 1,00,000 a month with 2 to 3 years of experience handling litigation among other things. It’s one of the most in-demand jobs and as it is skill-based, you can get hired even though you didn’t score very high marks or come from a prestigious law college.
#7 – Commercial Pilot
For many years in the past, a commercial pilot was seen with reverence and held in high regard. Although the fascination for a commercial pilot has reduced, it still remains a lucrative job. There are many perks to being a commercial pilot. In the near future, this job may become obsolete as robots will start taking over, but that is at least 100 years away. But, it’s not easy being a commercial pilot. It requires you to train hard, be fit, pass a lot of tests. A good commercial pilot can anywhere from 1 to 2 lakh a month with basic experience. The experienced pilots earn much more. There are also a lot of perks with the job, such as free accommodation at top hotels and the opportunity to travel the world.
#8 – Management Professional from Top Tier Institutions
MBA’s are always important for a business. They are decision-makers and take strategic decisions that are important for a business. They do research and analysis and present market reports to the board and the decisions are hence taken. Graduates from the prestigious IIM have always been in demand for so many years. A lot of them get fat pay packages, the money they pass out of the institution. They are easily able to earn 1,00,000 a month after they pass out. But this is not the case in all situations. A lot of IIM graduates get an opportunity to work with the top business honchos who generally hire IIM graduates to get their day to day work done.
#9 – Company Secretary
This is not a job position that you hear about quite often. The quieter cousin of the chartered accountant is the company secretary. So what does a company secretary do? A company secretary is literally the secretary of the organization who ensures that the company is in alignment with all rules and regulations of the state and the country. It’s a high demand job as it’s a must to have a company secretary in every organization. A young company secretary can earn anywhere from 30,000 to 50,000 Rs a month and an experienced company secretary can earn much more.
#10 – Investment Banker
Follow the money! is a popular quote. If you really want money and nothing else, then you need to go into that business who’ business is to make money and nothing else. An investment banker is basically a person who invests funds of third parties to make money. It is a high demand job that brings its own stress and troubles. It’s also a job that pays really well. An entry-level investment banker can take around 1,00,000 to 20,00,00 and as they gain in experience and know more, they get bonuses and much more. They can easily earn around 4,00,000 to 5,00,000 with ease on a monthly basis.
Highest Paying Jobs in India after 12th
As you can see, there are numerous job opportunities in India that pay quite a bit. There are numerous fields that you can choose from. Apart from traditional jobs such as this, there are new job opportunities opening up such as stand up comedian, Youtuber, Blogger that hasn’t been covered in this article. It’s safe to say that India is a land of opportunities with potential for so many jobs! The sky is your limit!
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