Top 10 Highest Paying Jobs in India in 2021

techmanga June 27, 2021 0 Comments



2) Digital Banking


It wasn’t too long ago that banks offered incentives for opening an account.Offers of tote bags and toaster ovens gave way to promises of low fees, nofees, free checking, cash back, and more. All were predicated on the notion ofgetting the customer through the door where the ‘sale’ could be made.In today’s digital landscape, certain features are not only offered, butthey’re also expected. It would be hard to conceive of a bank or credit cardcompany without an associated mobile app for customers to use to trackexpenses, pay bills, and more.Digital banking is, to quote another economics term borrowed from differentcircumstances, ‘the new normal’. Beyond simply accessing your account online,digital banks are increasing in both legitimacy as well as availability.Digital banks exist solely online with no (or few) brick and mortar locations.Two of the largest in the United States are Ally Bank and Simple Bank. Believeit or not, both have been around for nearly a decade. However, it wasn’t until2017 that a major player, Chase, got involved.Finn by Chase marks the first foray into the digital-only banking landscape bya major US provider. No doubt, competitors will be paying close attention tohow it performs. There may indeed be a digital banking revolution on thehorizon. Even if Finn is ultimately unsuccessful it will most certainly not bethe last venture by a major financial institution into the digital-onlybanking sector.Combined with the increased focus towards mobile banking, even traditionalbanks are re-thinking the standard brick and mortar paradigm. In a world whereeverything from deposits to loan applications can be accomplished through amobile phone, is it even necessary to have a physical branch?Paul Donofrio, CFO of Bank of America still sees a need for physical branches,even in the transformative digital age:> “We still have one million people coming to our branches every day, and they> need that channel. Some need it to transact, but a lot of them come in for> advice and we want them to do that. So we need a certain footprint of> financial centers.”There may still be a need for physical branches. However, the trend iscertainly moving away from them. Wells Fargo is expected to close 1,000branches by 2020. JPMorgan Chase has closed 9% of its branches since 2012 andBank of America 15% during that same time.

3) Digital Disruptors


There is no shortage of digital disruptors in Fintech. Payment technologiessuch as PayPal took the industry by storm. Others, such as ApplePay and Venmohave followed suit and are increasingly shifting more transactions to adigital environment.At the same time, providers such as Kabbage provide small business lendingservices through an automated lending platform. Stripe is a payment processorwhich allows websites to process online transactions; lowering the barrier ofentry for small ecommerce stores and startups alike.Bypassing the need for expensive processors, lengthy loan procedures, orextensive footwork; Fintech disruptors come in all shapes and sizes.

4) AI And Machine Learning


There can be little doubt that the world of AI and machine learning will leavean indelible mark on the financial industry. In fact, it already has. Banksand credit card companies are using complex algorithms to detect fraudulentactivity.These technologies are being pioneered by several Fintech startups, employedby large corporations, and benefitting customer service as well as experience.As mentioned earlier, suspicious activity may at one time elicited a phonecall from your bank or insurance company. Now, Microsoft has introduced an AIprogram which can detect fraudulent activity (and take action) in less thantwo seconds.Similar technologies also protect mobile banking, login credentials and more.Cybercrime may have accounted for over $600 billion in losses in 2016. Astechnologies become more sophisticated, so too do the methods forcircumventing them.While consumers tend to think of “Fintech” as technologies and companies thatmake their financial lives easier; there are also those who seek to make ourfinancial lives safer. Over 200 cybersecurity startups received VC andcorporate funding last year. This year that number should be even higher.Fraud detection isn’t the only use for AI and machine learning. Complexalgorithms created from enormous amounts of data are providing insights intoconsumer behavior, providing real-time investment insights, regulatorycompliance, and more.

Top 10 Highest Paying Jobs in India in 2021


It is not news that money is one of the most significant factors and the bestsource of motivation while choosing a career. This may lead you to thequestion, ‘What is the highest paying job in India?’ The answer to thatquestion may vary due to various aspects. However, in this blog, you will readabout the 15 highest paying jobs in India that remain almost the same in allparts of the country.Let’s begin by reading about some of the best jobs in India.

Salary


The annual package of a General Physician in India is about ₹696,339, whichmay rise to ₹2,000,000. Whereas, a General Surgeon earns ₹1,070,938 per annum,on average, that can go up to ₹4,000,000 per annum.

Data Scientists


‘Data Scientist’ is one of the highest paying IT jobs not only in India but inthe world. Compared to most career opportunities available, this field isrelatively new, yet it is among the most popular and in-demand careers todaywith high salary packages.One reason for their high demand is the influx of data that comes to companiesevery day. Not just for experienced professionals, but it is also one of thehighest paying jobs in India for freshers. These professionals manage andanalyze the raw data to make interpretations and help their organizations makeinformed decisions.

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The average salary of a Data Scientist in India is ₹813,911 per year, whichcan increase up to ₹2,000,000 per year.

Machine Learning and Artificial Intelligence Engineers


In this era of technology, Machine Learning (ML) and Artificial Intelligence(AI) lead the world and help multiple domains. Machine Learning is a sub-domain of AI, and both these popular technologies are already incorporated inorganizations. Machine Learning and AI systems have brought about a massivetransformation in industries, including healthcare, transportation,telecommunication, and more.For instance, in the healthcare industry, most organ transplants are happeningon the basis of artificial organs created with the help of these technologies,helping in increasing the lifespan of the beneficiaries. This is one of themany reasons why the demand for these technologies is extremely high in mostparts of the world.In India, they have not been adopted to a level it should be. However, theirtrajectory is only rising at a fast pace. In a few years, it is estimated thatwe will become highly dependent on AI and ML.

Salary


Machine Learning Engineers working in India earn an average income of ₹687,250per annum, and this can go up to ₹2,000,000 per annum based on experience,skills, and the company they work in.Professionals with AI skills earn an annual salary of approximately₹1,556,582, which can increase up to ₹3,000,000.

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Blockchain skilled professionals in India earn an average salary of ₹803,004per annum. This can go up to ₹2,000,000 per annum with the required skills andexperience.

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Cyber Security professionals who work in India are paid an average of ₹720,111per annum, and this can go up to ₹2,000,000 per annum.Certified Ethical Hackers in India earn an average salary of ₹499,333 perannum. You can read more on our blog on Cyber Security salary in India.

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The average annual salary of a Product Manager in India is ₹1,686,467, andthis can increase up to ₹3,000,000 per year.

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The average salary paid to an Investment Banker in India is ₹989,562 perannum. Their income can reach up to ₹6,000,000 per annum with experience andthe company they choose to work in.

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Chartered Accountants in India earn an average salary of ₹788,617 per year,and it may increase to ₹2,000,000 per year.

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Marketing Managers earn an average salary of ₹692,238 per annum in India, anddepending on the sub-field and their skills, it can increase to ₹2,000,000 perannum.

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Commercial Pilots working in India earn an average salary of ₹1,770,760 perannum, which is higher compared to most other job roles. This salary amountcan potentially rise to ₹7,000,000 per annum.

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The average income of lawyers or attorneys in India is about ₹438,501 perannum, and it can go up to ₹3,000,000 per annum based on the category, skill,experience, firm, etc.

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The average income of the Department Head of Civil Services in India is₹1,497,301 per year, which can increase to ₹2,000,000 per year.

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The average salary of a Ship Captain in India is about ₹4,449,133 per annum,and it can rise to ₹8,000,000 per annum.These are the top 15 highest paying jobs in India in 2021 that will help yougain an understanding of the salary ranges offered in various technological,financial, and other job sectors. So, check out these opportunities and optfor the career that is best suited for you.Reach out to us in our Community if you have any doubts regarding the jobopportunities and other details in the latest technologies.The Hottest Silicon Valley Industries And Startups To Follow In 2021There’s no denying that Silicon Valley is still at the leading edge of thetech industry.Many places want to repeat the success story of the bay area and become theSilicon Valley of their part of the world. Let it be Tel Aviv in the MiddleEast or Stockholm in Northern Europe. What made Silicon Valley so fruitful?The Bay Area’s mature infrastructure, access to talented professionals(Software Consultants and Web Designers in Bay Area!), and strong engineeringtradition make it a prime spot for driving innovation. Despite the highoperational costs, it’s also a great place for startups that want to make aname for themselves with unique technological solutions in areas such as webapp development or mobile app development. You better keep up with the local startup scene because what happens inSilicon Valley pretty much sets the tone for the rest of the world and techhubs scenes like New York, Tel Aviv or Stockholm.Among top tech companies in the bay area, there are quite a lot of startups.Here you will find the hottest of them grouped by industries.

Big Data


Value: $56 billionFor many years people have known that there are sets of data that are way toolarge and/or too complex to analyze them the traditional way. We hope thatthere are answers hidden somewhere in our databases. Data engineers struggleto make the most sense of the data we have. However, without big dataprocessing, the answers we seek are unavailable.Take weather forecasting. An equation of variables in which one small changecan completely alter the outcome. Thanks to the big data processing we finallycan count on reliable long term forecasts.Founders: David P. Mariani, James Lai, Matthew Baird, Sarah GerweckTotal funding amount: $95MA giant among the Bay area startups, this data warehouse virtualizationplatform connects Business Intelligence tools to data platforms to enablesmooth data migration without disrupting business users. It also helps toaccelerate business analysis and define business metrics in one place todeliver consistent operational reporting.Founders: Daniel BarberTotal funding amount: $9.2MThe age of privacy demands a new standard of transparency. DataGrail is thefirst dedicated privacy management platform that delivers ongoing compliancewith GDPR, CCPA and more. The privacy platform integrates directly with over150 business systems such as Salesforce, Adobe and Oracle, allowing businessesto discover and display personal data in seconds, rather than weeks or evenmonths.Based in San Francisco, California and founded in 2018 by Daniel Barber,DataGrail’s direct integration enables companies to deploy a privacy requestworkflow in minutes and unify email settings across all customer-facingapplications. Gartner named DataGrail Best Privacy Provider for 2020.Founders: Logan WelleyTotal funding amount: $163.1MFivetran fully automated connectors sync data from cloud applications,databases, event logs, and more to your data warehouse. Their integrations aredesigned for analysts who need centralized data but don’t want to spend timemaintaining their own pipelines or ETL systems. Its motto is “Focus on whatreally matters while driving analytics for your business.”

Drone Technology


Value: $10 billionDrone technology is something more than just Unmanned Aerial Vehicles. Thereare Remotely Operated Underwater Vehicles and Unmanned Ground Vehicles aswell. While the Drone Technology market is valued at about $10B, the globalmarket for services may be worth 12 times more, according to PwC analysis.This is because drones can change almost every industry we know today.Starting from the construction industry, to defense and security, to emergencyresponse and humanitarian aid, to healthcare. What’s more, developing DroneTechnology will bring also anti-drone technologies regarding security andprivacy.Founders: Colin Beighley, Fergus Noble, Timothy HarrisTotal funding amount: $48.8MSwift Navigation started as a GPS company. Today it not only provides low-costand high-accuracy GPS receiver that makes positioning more accurate andaffordable but also offers an ecosystem of positioning solutions that can beapplied to the development of autonomous vehicles. Their solutions can be usedfor aerial drones, automotive vehicles (also fully autonomous) and more.Founders: Keenan Wyrobek, Keller Rinaudo, Will HetzlerTotal funding amount: $233MZipline combines advanced drone technology with Medtech. They secure people inneed with on-demand delivery of vital medical supplies. Their technology workspretty much everywhere in the world complementing or even replacingtraditional means of transport. The company ensures that their end-to-endstorage and handling meets the highest medical standards. Battery-poweredunmanned aerial vehicles are quick and small, therefore they can reachdestinations directly. What’s more, Zipline hires talents locally helpingcommunities grow.Founders: Andrew BranaghTotal funding amount: N/AWhat if you could just use your phone to get something straight to you inminutes by air; faster, safer and with less carbon dioxide than if it weredelivered to the ground? Wing is changing the future of delivery. They are anon-demand drone delivery service that can deliver food, medicine or otheritems within minutes.They have also developed a drone motion control platform for safely movingdrones across the sky. Wing’s services are faster, safer and produce lesspollution than traditional shipping.Originally established in 2012 at Factory X, Moonshot Factory, Wing is now anAlphabet company.They are looking for curious, adventurous people who are highly motivated byunresolved problems. Wing come from different walks of life and share apassion for great ideas.

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