Highest Paid Jobs in India in 2023

August 9, 2023

How difficult is it to become rich today? It shouldn’t be that hard, should it??

Unlike in the past when you had to build and set up a business with hundreds of employees and mass sales. These days you can get to seven-figure salaries just by doing a better-paying job.

But at the same time, these jobs can pay you well only when you are good at it and develop the skills that are required for the job. So, you have to work hard. That’s the bitter truth.

1. Management Professionals

If you become a good Management Professional then, you can easily start your earning in 6 digits figure. And, over the period of time this increases with your skills and years of experience. Starting Salary of Management professionals is between 12-50 Lacs per year, if you do your Management Course from top colleges.

So many MNC are investing their money and establishing their businesses in India. Especially in the locations like Bangalore, Hyderabad, Mumbai & Chennai. Hence, Management professionals will be in a very high demand. If you become a very good Management Professional and possess all the required skills for the job, then you’ll surely be making a lot of money with this Job.

Salary/Package of Management Professional:

As a fresher you can make at least 10-15 lac per annum if you are from a premium business school. However, if you are not graduated from any of these schools, the job market is always open and pays well for the talent management professionals.

How to be a Management professional (Qualification):

Many universities like IIM, Symbiosis conduct entrance exams like CAT, XAT, SNAP every year. And, students get shortlisted and selected on the basis of scores of the exam.

Skills to be a Management professional:

Should have a good understanding of Business, Finance, Market Research, Economics, Mathematics.
Good with the strategy and plan for business growth.
Decision-making skills
Excellent Communication Skills

2. Corporate Lawyers

If you are good, you can be a rich five years into this job. All you need to be is productive for the company or organisation you work for. Basically, you need to be a lawyer for a large financial or IT company where you help them in a) Mergers and Acquisitions, b) Intellectual properties & c) Patent Lawyers.

The higher the value you bring them or save them having to pay, the higher your salary. In big cases it’s not uncommon to get a single payout over 10 Lacs.

Salary/Package of Corporate Lawyers:

As a fresher, you can make 5-10 lacs per annum. As soon as you gain experience, you can easily make 15-30 lacs per annum. It also depends on how good you are at your job and how you solve your organisation’s legal issues.

How to become a Corporate Lawyer:

One of the popular and best entrance exams for aspiring lawyers in India is CLAT (Common Law Admission Test). You can appear for this exam after 10+2 or Graduation. They have two programs. One is a 5 years program for 10+2 students, and the other is a 3 years program for Graduate students. If any candidate wants to do specialisation in any particular stream, he/she can do MA LLB.

Skills to be a Corporate Lawyer:

Very Good knowledge and exposure to Indian Laws, especially Corporate Laws in India.
Should be good with research and analysis.
Should have very good skills in the documentation of legal affairs and reports.

3. Investment Bankers

So many people have this misconception that investment bankers are those who work in the banks. People who work in banks and an investment banker are very different from each other. All the investment activities and developing investment strategies in large scale organisations are done by an investment banker.

As they say, “Money Makes Money”, and probably this is the most intelligent way to get rich. Investment Bankers through their strategies help companies and governments to bring big numbers on the table. For that, you have to be very good with numbers and laws.

Salary/Package of Investment Bankers:

As a fresher you can easily get paid 10-15 lacs per annum in India. With experience and strategy it has a potential to pay you around 40-50 lacs per annum. It is one of the highest paid jobs in India as it takes the highest risk also.

How to become an Investment Banker:

If you are good in Finance, you should do MBA in Finance from any of the reputed Management Schools or Universities of India.

Skills for an Investment Banker:

Good knowledge in Finance and Mathematics

Research and Analytics skills

Deep knowledge in Investments and Stock market. Should be good in Prediction and Decision Making.

4. Aviation Professionals (Pilots & Air Traffic Control)

Pilots still get good money in an age where they no longer have to do that much. A good pilot brings home a very high 6 digit salary. Starting salary of a Commercial pilot is 18-30 lacs per year and after experience it increases. The big surprise for you here is Air Traffic Controllers, who earn more than the pilots and it is one of the easiest jobs to get into, at the same time it is very Stressful.

Salary/Package of Aviation Professionals:

Any Commercial pilot or Aviation professional can easily start his/her career with 10-15 lacs per annum. Since, it is one of the adventurous and responsible career opportunities, with experience, you will have a potentiality to earn around 60-80 lacs per annum.

How to become a Commercial Pilot:

You can apply for the course after 10+2 with Physics, Chemistry, Maths. Most importantly you are required to be physically fit with good eyesight, appropriate BMI. You will have to write an entrance exam, post which you will have to go through training from one of the flying institutes of India. After the successful completion of training/course, you will be awarded a Commercial Pilot Licence.

Skills for Commercial Pilot or Aviation Professionals:

Excellent Communication Skills
Awareness of surroundings
Responsive and quick decision making ability
Team Management

5. Medical Professionals (Surgeon & Specialists)

This is a very high demanding job. According to the report of the Medical Council of India, there is only one doctor for every 2000 patients in India. So, you can see how big the gap is in the ratio. Which is very alarming.

Hence, this profession will be in very high demand in the near future. The highest paid doctors are Radiologists, Cardiologists and Orthopedic surgeons. Neurosurgeons also get paid relatively high paid jobs. This is a very respectable profession. But, at the same time it takes a lot of time and patience.

So, people who are really serious about the value that you will be providing should enter into this profession.

Salary/Package of Medical professionals:

A fresher can easily make around 15-20 Lacs per annum. However, this is one of the only professionals which can’t be compared with money.

How to be a Medical Professional:

After 10+2 with Science, students can apply for the entrance examination conducted by NEET. Also, there are many other entrance examinations which are conducted by different states for their aspirant students.

Skills for Medical professional:

Deep knowledge of the respective field or specialisation.
Ability to be calm in critical situations.
Should possess excellent behavioural skills.
Ability to make decisions in critical situations.

6. Cyber Security

Whole world has become small as we all are connected over the internet. Large amount of data and information is online now. Nowadays, personal data of internet users, bank customers are stolen frequently by hackers or anonymous people. Names, Addresses, Security Codes, Banking Information, everything that are important being stolen. For big companies, it would be very difficult to recover if breach takes place in the system. So, they are paying very good salaries to someone who can bulletproof their system.

A sophisticated hack could cost billions. Even as an individual, it’s very important to protect our information. Hackers come with many unique ways to hack your PC, Mobile or any other gadgets where you do regular transactions of your personal information.

Salary/Package of Cyber Security professionals:

A fresher with good knowledge on Cyber Security from a reputed institute can start the career with 10-15 lacs per annum. With the growing years of experience and expertise you can definitely make 30-50 lacs per annum.

How to become a Cyber Security professional:

It is highly advised to do Cyber Security course post 10+2. There are so many premier institutions in India as well as Online portals where you can enroll for the course. They have 6 months-12 months of Diploma program with various modules and certifications.

Skills for Cyber Security professional:

Very Good knowledge of identifying abnormalities, violations, authorizations, etc. in the network or system.
Safeguard information and organisation assets by providing potential security solutions.

7. Software Developer

This profession will always be in high demand. Like, Software Engineer, App Developers, UI/UX Designers etc. There are still industries that are merging, that are going offline to online, and yet we need a lot of professionals to do that.

Since, everything nowadays is going digital, we are using a lot of apps on a daily basis for our survival. These applications have obviously been developed by the software developers and App developers.

In the coming years, it is estimated that 70-80 % of the daily activities can be done through various applications which are installed in our mobile phones. The software developers and App developers have a very good advantage where they can ask for a share or percentage of an organisation in exchange for their services. A few years down the line, if the company does well, in this process the developer also gets rich.

Salary/Package for Software Developers:

It has a wide range of salary structure, as there is a wide range of technologies. However, a fresher with good knowledge from a reputed institution can start from 8-10 lacs per annum. Gradually, it is going to increase on the basis of experience and the technologies demand. Sometimes, you can’t even expect how much you can earn more.

How to be a Software Developer:

Learn any technology which is in demand at present. Get a few certifications done on the technology. Boost your resume and start making money by joining any organisation or by freelancing.

Skills for Software Developer:

Deep knowledge on the particular technology.
Excellent coding and Creative skills.
Always keep updated with the new version or the technology and changes.

8. Marketing Managers

Nowadays wherever you look, you see Hoardings, BillBoards and advertising. Brands are finding it very difficult to stand out in a crowded advertising market. And it’s getting harder day by day. As a marketing manager, you need to market the Brand or Service using various channels to reach the target audience or consumers.

A good Marketing Manager is one of the key assets in any organisation who can turn around any situation with a successful marketing campaign.

One of the great marketing campaign examples is the rise of Bajaj Motorcycles. The company rose from the ashes through a smart marketing campaign. Marketing Managers shouldn’t have knowledge of only Advertising.

He also should be aware of how the product is designed, how it is going to fit in the market, how the product is different from the other brands or competitors.

Salary/Package of Marketing Managers:

Any good Management or Advertising graduate can start his/her career with 5-10 lacs per annum. Once they gain experience about the product and market after 3 or 5 years, they can easily make between the range of 20-30 lacs per annum.

How to be a Marketing Manager:

This profession does not depend very much on academics or courses. If you are good at your skill, you can make money. You need to be always aware of Market and the brand positioning. However, there are so many premier institutions in India where they offer quality curriculum for the aspiring Marketing professionals. IIM, MICA, etc. are few to name.