This blog is written with the purpose of exploring the top 10 Highest Paying Jobs including the Salary in Data Science in India.
1. Data Scientists :
Data Scientists use SQL (Structured Query Language), a programming language to manage data stored in relational databases, which store structured data in tables. Because its syntax is easy to read, non-technical persons don’t find difficulty in using it. Data Scientists do computing involving statistical concepts, & apply algorithms to identify patterns.
Data scientists use scientific methods, algorithms, and systems to extract insights and logical interpretations from structured/unstructured data. This data mining finds wide application in natural sciences, IT and medicine.
Data Scientists analyse large amounts of information to identify patterns and solutions. They develop prediction systems and machine learning algorithms to support data-driven decision-making.
The duties and responsibilities of Data Scientists involve presenting results to stakeholders explicitly and clearly.
A data scientist is primarily responsible for identifying sources of data and data processing
building predictive models, and critically analysing data systems for deriving optimum benefits for the stakeholders.
Data Scientists propose innovative solutions and strategies to ensure exponential growth in businesses. Data Scientists collaborate and coordinate with core business processing & IT teams to achieve business goals and objectives.
Data Scientists who are equipped with skills in handling vast data, programming in Python and structured query language(SQL), proficiency in statistics, probability, calculus, and linear algebra, and good communication and data visualisation abilities are required to face multiple rounds of interviews for securing a good job in a well renowned and established company.
Data Scientists ensure to constantly upgrade their skills, continue to gain experience and relevant certifications and accomplish their targets well within the timeframe. They constantly equip themselves with skills and thus make themselves worthy of getting a quantum jump in salary through a new job application.
The data scientist's salary per month, on average, is approximately in the range of USD 8250 to USD 13,670.
The highest paying jobs i.e. Data Science involves an annual salary for highly skilled data scientists in the USA of USD 1,26,000. Of course, it depends largely on the individual characteristics of a person, skills and experience. The highest salary of data scientists is USD 206,000 (approximately) in the USA.
2. AI Engineers :
As far as the highest paying jobs or the high paying careers are concerned, we find Engineers have a command of developing algorithms in various software languages used in Artificial Intelligence to be at the forefront. Through their abilities to develop algorithms, they can mimic human cognitive functions to solve real-world complex problems.
The highest paying jobs in AI demand the ability to test and deploy various models and develop high-performing algorithms by putting to use their knowledge of deep learning, natural language processing, and problem-solving skills.
In the USA, an AI engineer on average earns USD 128,280 annually(approximately).
3. Machine Learning Engineer :
Careers in Machine Learning (ML) are also very lucrative. The job of an ML Engineer is highly skilled as he/she designs self-running software using data to generate predictive models enabling machines to work without human intervention. They bridge the gap between data and software.
Machine learning engineers have sound command of programming languages like Python, Java, SQL, and R, and expertise in artificial intelligence, deep learning, statistics, and mathematics.
In the USA, an ML engineer on average earns USD 133,000 annually(approximately).
4. Project Manager :
The Project Managers take full command and control of the business project and are responsible for executing the well-crafted plan efficiently by taking into account the risk factors and prioritising the various tasks.
In India, a Project Manager on average earns Rs. 10-15 lakhs per annum(approximately) depending on the metropolitan towns or otherwise.
5. IT Systems Manager:
IT Systems Managers are responsible for the information technology systems of the organisation. They shoulder the responsibility to provide seamless performance of the computer networks including safety, security and privacy of the database.
In India, an IT System Manager on average earns Rs. 12 lakhs per annum(approximately). All the leading companies in India recruit IT System Managers in order to ensure seamless manoeuvring of their business activities. IT System Manager takes due care of regular maintenance of UPS, laptops, computer software, hardware, Servers, Printers and so on. Learners have job opportunities in companies like Amazon, IBM, Accenture, Dell Technologies and Cisco Systems, among others.
6. Investment Banker :
An investment banker is primarily responsible for raising capital for corporations, governments, or other entities. Learners after completing their MBA programmes opt to be Investment Banker. Large companies pay handsomely as their stakes are high. The salary of an Investment Banker thus varies from Rs. 5 to 40 lakhs per annum. The top recruiters are- Citibank, Deutsche Bank, HSBC, Goldman Sachs and JP Morgan Chase, among others.
7. Cloud Architect
Cloud Architects have sound knowledge of cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. They are instrumental in making technical decisions as per the business needs of the organisation.
The annual salary of a Cloud Architect in India ranges from 15 to 40 lakhs per annum approximately.
Employers, hiring Cloud Architects are -Oracle, Amazon, Google, Deloitte, IBM, and Intel Corporation among others.
Enacting court scenes in Bollywood generates mass appeal and makes the legal profession quite popular amongst the masses. Further, the powerful media and press also bring into the limelight the notable cases and landmark judgments passed by our Hon’ble Supreme Court, High Courts and various other Tribunals.
Students show keen interest in pursuing the integrated five-year B.A./BBA.-LLB programmes. Students compete in a national-level examination -the Common Law Admission Test (CLAT) to secure their admission to prestigious National Law Universities and other reputed Law colleges. Government Law officers are highly paid. Fresh graduates earn a monthly salary of Rs. 50,000 to 1,00,000 by working with legal firms. In addition, jobs of law officers are provided by private companies.
Lawyers registered with the Bar Council of India are eligible to practise in courts across India.
9. Government jobs :
All India Services like the Indian Administrative Services, Indian Police Services and the Indian Forest Services are coveted services. Aspiring students compete in the combined civil services examination conducted by the Union Public Service Commission to join the prestigious Group A services in the Government of India.
In addition to the above, Indian Engineer Services and Defence jobs in the Air Force, Navy and Army, the dignified jobs are much sought after.
In the Central Government set up, the following are the current Pay bands, Grade Pay and different Levels within each Pay Band:-
PB-1(5200 to 20200)
Grade Pay 1800 to 2800
Level 1 to Level 5
PB-2 (9300 to 34800)
Grade Pay 4200 to 5400
Level 6 to Level 9
PB-3 (15600 to 39100)
Grade Pay 5400 to 7600
Level 10 to Level 12
PB-4(37400 to 67000)
Grade Pay 8700 to 10000
Level 13 to Level 14
No Grade Pay -Higher Administrative Grade(HAG) Scales
Level 15 to Level 18
Banking & other PSU Jobs :
The State Bank of India provides job opportunities at the Probationary Officers (PO) grade. The monthly salary of PO is Rs. 41,960/-.
Similarly, the Reserve Bank of India(RBI) provides job opportunities at the RBI Grade B officer level. The gross salary of the RBI Grade B officer is Rs. 1,08,404 which is inclusive of all the perks and allowances.
Besides the Central Government and State Government jobs, students compete in GATE and seek employment in various PSUs and autonomous bodies at various levels. Students seek employment in various PSUs such as BSNL, Indian Telephone Industries(ITI), BHEL, SAIL, GAIL, ONGC, National Hydroelectric Power Corporation, Rural Electrification Corporation & Power Finance Corporation at various entry grades.
10. AR/VR Developer :
Augmented Reality and Virtual Reality Developers design, test and develop augmented reality and virtual reality Software and applications. Worldwide, enterprises are adopting augmented reality and virtual reality software and applications. In AR/VR, 66% growth has already taken place as enterprises are adopting AR/VR in a big way.
In India, AR/VR Developers earn annual salaries in the range of Rs. 2,70,000 to Rs. 10.50,000.
Conclusion Of Highest Paying Jobs In Data Science
The top 10 Highest highest-paying jobs can be found across the various industrial sectors. From the standpoint of computer engineering, the Data Scientists and software developers engaged in automobile giants seem to be in an advantageous position in terms of securing the highest-paying jobs.
We find that high-paying careers are not merely restricted to Data Science & AI & ML programming but they extend to many other arenas such as sports, film-making, painting, business, and journalism.
The crux of the matter is that behind the highest paying jobs lies the treasure of rare elements such as passion, perseverance and patience, the ability to upgrade the skills that play a crucial role in reaching the higher echelons in the professional career in any arena.
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