Top 10 Highest Paying Jobs 2023

Top 10 Highest Paying Jobs for 2023 are-

    1. Software Architect
    2. Surgeon
    3. Solutions Architect
    4. Architect
    5. Product Manager
    6. Data Scientist
    7. Marketing Manager
    8. Investment Analyst
    9. Chartered Accountant
    10. Machine Learning Engineer

     

  1. top 10 highest paying jobs in India 2023The Indian job market is constantly changing. Traditional careers such as ‘Engineer’, ‘Doctor’, and ‘Architect’, have an established space but there are a number of new entrants as well.When there are multiple options available, choosing the right one can be slightly confusing. But let’s face it, money is a great motivator! Therefore, if your question is ‘Which job has highest salary in India?’ or want to know the ‘best paying jobs in India’ or the ‘highest paying jobs in India’, then we have the answers.

    List of Top 10 Highest Paying Jobs In India 2023

  2. List of top 10 highest paying jobs 2023
    Note: The average and base salary can vary depending on the company, location, and work experience.

    Key Highlights

    Here are some of the key observations about the top 10 highest paying jobs in India –

    1. While traditional careers such as chartered accountancy and engineering are still relevant, there are new entrants such as Data Engineers, Investment Analysts, Marketing Managers, etc. 
    2. The average and starting salary will be much higher in Tier-1 cities such as Bangalore, Mumbai, Hyderabad, etc.
    3. STEM (Science, Technology, Engineering, Math) based careers are still on top when it comes to pay package
    4. Greater the experience, higher is the salary and can include stock options, bonuses, profit sharing commissions, etc. Your graduate school can also impact your salary 

    Top 10 Highest Paying Jobs 2023 – Detailed Analysis

        1. Software Architect

    The first in our list of highest paid jobs is that of a Software Architect. They earn an average base salary of Rs. 27 lakh p.a. with a starting salary of around Rs. 14 lakh p.a.

    • Roles and responsibilities include –
      • Create efficient solutions for software related concerns.
      • Interact with product managers and clients to model and design the software solution.
      • Review codes regularly to ensure quality and prevent complicated structure.
    • An undergraduate degree in computer science or a related field may be necessary.
      • A master’s degree in a similar field will also be beneficial.
      • Familiarity or knowledge of operating systems such as HTML, JavaScript, C++, etc. is an added advantage.
    • Top recruiters include Philips, Wipro, Bosch, IBM.
    • On an average, software architects can earn around 8% more in Bangalore as compared to the national average, followed by Pune and Hyderabad.

    highest paying jobs software architect

    2. Surgeon

    One of the most reputed jobs in the world, being a doctor or surgeon is a dream for many. Surgeons earn an average base salary of Rs. 25 lakh p.a. with an average starting salary of Rs. 2 lakh and is second in our list of top 10 highest paying jobs in India.

    • Roles and Responsibilities include –
      • Perform surgeries and related procedures for patients.
      • Diagnose and advise patients on the need for surgery.
      • Review the patient’s medical history and suggest accurate treatments.
    • Aspirants must first clear the necessary medical entrance exams and earn an M.B.B.S degree.
      • A postgraduate degree or M.D is needed.
      • Additional specializations in your field of choice can be done based on interest and scope.
    • Apollo Hospitals, Fortis, Manipal Hospitals, AIIMS are some of the top recruiters for Surgeons.
    • They earn around 52% more in Delhi as compared to the national average followed by Mumbai.

    highest paying jobs surgeon

    3. Solutions Architect

    Does planning and building new systems to help run a business smoothly sound exciting? Then becoming a Solutions Architect is the ideal option. 

    These professionals earn an average base salary of Rs. 25 lakh p.a. with a starting salary of Rs. 10 lakh p.a.

    • Roles and Responsibilities include –
      • Convert business objectives and goals into practical, actionable steps.
      • Create, design, and implement various solutions and arrangements within a business.
      • Help the development team understand the project’s vision while handling responsibility for the solution’s future updates.
    • A bachelor’s degree in computer science, software engineering, or information technology is required.
      • Being creative, having good leadership and problem solving skills is also important.
      • One should also be knowledgeable about the latest software and technology.
    • TCS, Ericsson Inc., Cognizant, IBM, Wipro etc., are top recruiters for Solutions Architects in India.
    • On an average, they can earn 9% more in Bangalore as compared to the national average, followed by Gurugram and Pune.

    highest paying jobs solutions architect

    4. Architect

    A highly coveted career option, Architects plan and develop designs for buildings.

    They earn an average base pay of Rs. 20 lakh p.a. with a starting average salary of Rs. 3 lakh p.a.

    • Roles and responsibilities include –
      • Design projects from concept to development based on the clients’ requirements.
      • Determine environmental impact of said plan and compile reports on feasibility.
      • Ensure that designs are in compliance with environmental as well as other safety standards.
      • Complete projects within the assigned time and budget.
    • A bachelor’s degree in Architecture or B.Arch is required. A post graduate degree is helpful as well.
      • Expertise in Adobe InDesign and other similar software is important.
    • Prestige Group, Sobha Limited, Godrej Properties are some of the top recruiters for Architects.
    • Architects in Mumbai earn 16% more than the national average, followed by New Delhi and Bangalore.

    highest paying jobs architect

    5. Product Manager

    The fifth one in our list of top 10 highest paying jobs is that of a Product Manager. They earn an average annual salary of Rs. 15 lakh with a starting salary of Rs. 6 lakh p.a.

    • Roles and Responsibilities include –
      • Handle overall strategy as well as blueprint for a product.
      • Improve product, handle all steps from conception to launch.
      • Understand customer experience and improve product.
      • Translate business goals to product strategies.
    • Product Managers need to have a bachelor’s degree in any technical field such as computer science or engineering. A complimentary post-grad degree is also helpful.
    • Amazon, Google, Infosys, Wipro are some of the top recruiters in India.
    • Product Managers in Bangalore earn 11% more than their counterparts in other cities, followed by Chennai and Hyderabad.

    highest paying jobs product manager

    6. Data Scientist

    Data Scientists are analytical experts who earn an average salary of Rs. 10 lakh p.a. with an average starting salary of Rs. 5 lakh p.a. making this one of the highest paying IT jobs in India.

    • Roles and Responsibilities include –
      • Analyze raw data and find solutions to various business problems.
      • Create customized statistical models as well as algorithms based on the data provided.
      • Use the data to help make business decisions, predict the performance of a product or service, etc.
      • This is an upcoming field that has immense potential for growth and remuneration.
    • This field required engineers (BE/BTech) or graduates having a degree or certification in data science.
      • Additionally, having some knowledge of basic programming languages such as Python, SQL is helpful.
    • Accenture, TCS, Mu Sigma are some of the top recruiters for Data Scientists in the country.
    • Those in Gurugram tend to earn the highest salary as compared to the national average. Bangalore and Delhi also offer a higher salary package to data scientists compared to other cities.

    top 10 highest paying jobs data scientist

    7. Marketing Manager

    The 7th highest paying job in 2023 is that of a Marketing Manager. These professionals earn an average of Rs. 10 lakh p.a. with salaries starting at Rs. 4 lakh p.a.

    • Roles and Responsibilities are –
      • Create and implement plans to help the marketing efforts of the company.
      • Join hands with various other teams, both internally and externally to deliver these plans.
      • Evaluate the impact of these projects and make necessary changes.
    • Aspirants should have a Bachelor’s in marketing related degrees such as Mass Communication, PR, Journalism, Advertising, etc.
      • Post-Graduate degree such as an MBA or MA in Marketing or Mass Communication will also be helpful
    • Most companies have a marketing division today making this job high in-demand. Top recruiters include Ogilvy, ITC Limited, Amazon, etc.
    • Marketing Managers in Bangalore and Mumbai tend to earn much higher than those in the rest of the country

    top 10 highest paying jobs marketing manager

    8. Investment Analyst

    Investment analysts earn an average annual pay of Rs. 9.8 lakh p.a. with base pay starting at around Rs. 3 lakh p.a. 

    • Roles and Responsibilities –
      • Monitor market trends and financial portfolios.
      • Research, perform valuations, and appraise the market.
      • Provide data which will be used by clients and businesses to make financial decisions.
      • Provide financial recommendations to clients based on research and analysis.
    • A Bachelor’s degree or post graduate degree in finance, accounting, or economics is recommended.
      • Many aspirants today also go for specialized advanced certifications or an MBA.
    • They are recruited by companies such as Accenture, TCS, and Ocwen Financial services.
    • Investment analysts in Mumbai can enjoy a salary that is around 22% higher than the national average.
    • It is important to note that the responsibilities of an investment banker differ from an investment analyst although the titles sound similar.

    top 10 highest paying jobs investment analyst

    9. Chartered Accountant

    Ninth in our list of top 10 highest paying jobs in 2023 is a highly lucrative profession. Chartered accountants earn an average of Rs. 9 lakh p.a. with a base starting salary of Rs. 4 lakh p.a.

    Chartered Accountants (CA) are members of the ICAI (Institute of Chartered Accountants of India) which is the only national accounting body in the country.

    • Roles and Responsibilities –
      • Compiling accounting records and undertaking audits.
      • Provide financial advise, manage budgets, and help with tax planning.
      • Analyze and put together financial reports for a business.
    • To be a CA, you need to be a commerce graduate or post graduate with a minimum percentage of 55% OR
      • You need to be a student of the Institute of Company Secretaries of India and Institute of Cost Accountants of India and cleared the intermediate level.
      • These exams are known to be hard to crack and require discipline and dedication.
    • Chartered Accountants are recruited by firms such as EY, KPMG, Grant Thornton, etc.
    • Bangalore would be a great place to work at from a pay scale perspective. Other cities offering a lucrative package are New Delhi and Chennai.

    top 10 highest paying jobs CA

    10. Machine Learning Engineer

    Rounding off our list of top 10 highest paying jobs are Machine Learning Engineers. They earn an average salary of Rs. 8.5 lakh p.a. with a starting salary of Rs. 4 lakh p.a.

    • Roles and Responsibilities –
      • These engineers are a part of the data science team. They help to research and design AI for machine learning.
      • They design software that is self-running to help machines perform in an automated manner.
      • These engineers convert raw data into data science models that can be scaled or has scope for growth.
    • An undergraduate degree in Engineering or other science based fields is important.
      • Apart from this, applicants with a post graduate degree in Computer Science, Data Science, or even a specialized certificate course will be given preference by recruiters.
    • Top recruiters include Google, Amazon, Infosys, etc.
    • Machine Learning Engineers in Bangalore earn 21% more than their counterparts in other cities.

    top 10 highest paying jobs machine learning

    Factors Impacting Your Salary

    Certain factors that have an impact on our salary. These include –

    • Location
    • Years of Experience
    • Educational Qualification and Institution
    • Economic Conditions and Market
    • Soft skills and Attitude

    Other factors include company policies, demand and supply, government regulatory policies, etc.

    In Conclusion

    In summary, the ones earning the highest in 2023 i.e., top 10 highest paying jobs 2023 are Software Architect, Surgeon, Solutions Architect, Architect, Product Manager, Data Scientist, Marketing Manager, Investment Analyst, Chartered Accountant, and Machine Learning Engineer.

    Other professional such as Executive chefs, civil servants, full stack developers, product managers, aeronautical engineers, and web developers all enjoy lucrative salaries as well. While government jobs are some of the most highly coveted jobs in India, employment opportunities in the private sector are increasing by the day.

    Hard as well as smart work, passion, and attention to details are factors that can help one rise to the top of their profession.

    If you are curious about the list of highest paying jobs in the world, check out this article.

    What is your opinion on our list? Were you surprised by some of the options provided? Let us know in the comments below.

    Disclaimer:This blog aims to showcase just a few of the highest paid jobs available in the country and is a reflection of the world, today. Please note that this information is subject to change based on market trends and global requirements.

    Source for Salary Insights : Glassdoor

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