The highest paying jobs in India are basically in Information Technology, Healthcare, Data Industry, BFSI, and Marketing. H ere we will talk about highest paying jobs in IT industry.
The average salary range of most of the top jobs in IT sector ranges between Rs. 7 – 15 LPA, with the highest salaries going as high as Rs. 20 – 40 LPA.
Modern jobs such as Data Science, Machine Learning have started replacing traditional jobs in the highest paying jobs list.
Government Initiatives -
IT Industry is one of the highest growing industry not only in India but also in the entire world. It comprises Information Technology Services, Consulting and Outsourcing. The IT industry accounted for 7% of India’s GDP in 2021.
In Union Budget 2022-23, the allocation for IT and telecom sector stood at Rs. 88,567.57 crore (US$ 11.58 billion). In August 2021, the Union Minister of State for Electronics and Information Technology, Mr. Rajeev Chandrasekhar, announced that the IT export target is set at US$ 400 billion for March 2022. In addition, the central government plans to focus on areas, such as cybersecurity, hyper-scale computing, artificial intelligence and blockchain.
According to the National Association of Software and Service Companies (Nasscom), the Indian IT industry’s revenue is expected to touch US$ 227 billion in FY22 from US$ 196 billion in FY21.
Indian IT firms have delivery centres all across the world. IT & BPM industry is well diversified across verticals such as BFSI, telecom and retail. Increasing strategic alliance between domestic and international players to deliver solutions across the globe.
Growing Demand -
In FY22, the top three Indian IT companies, are expected to offer 1.05 lakh job opportunities due to the increasing demand for talent.
India‘s IT and business services market is projected to reach US$ 19.93 billion by 2025.
According to Gartner estimates, IT spending in India was forecasted to be US$ 81.89 billion in 2021 and further increase to US$ 101.8 billion in 2022, a 24.31% YoY increase.
The Indian information technology and business process management industry had over 4 million employed personnel during financial year 2021.
IT sector is the biggest employment generator and has spawned the mushrooming of several ancillary industries. Direct employment in the IT services and BPO/ITeS segment is estimated to reach 4.47million in FY 2020-2021 with an addition of 1,38,000 people (consisting of ~ 36 percent women employees). Indirect job creation is estimated to be over 12.0 million.
The IT sector of India did not just boom only in this financial year but has a strong foundational history as well. The great startups today like Zerodha, Rupay, Zomato, Ola, and many more are definitely the markers of the industry but, we cannot leave behind the biggest Tech companies that are up and running for decades.
Some of the top IT companies of India are -
- Tata Consultancy Services
- HCL Technologies Limited
- HyperLink Infosystems
- Infosys
- Mphasis
- Reddington India Limited
- Wipro Limited
- Tech Mahindra Limited
- Larsen and Tubro Infotech
- Hexaware
These million dollar companies are not only the past and present of the IT industry but the future as well. In future, Indian IT companies, are expected to offer job opportunities in lakhs due to the increasing demand for talent.
Indian IT sector as a whole has been at such a fast pace industry in its growth and development. These IT companies have, with time, broadened the horizon of the tech industry by opening up many interesting and latest job positions for the tech aspirants.
There are many factors that affect one job profile’s salary like experience, job roles, location, employer, skillset. Below is given the average base salary for the highest paid jobs in India based on experience –
List of Top 10 Highest Paying Jobs in India in IT Sector :-
- Software architect
- Solutions Architect
- Product Manager
- Management Consultant
- Software Development Engineer
- Business Manager
- Data Scientist
- Blockchain developer
- DevOps Engineer
- Machine learning engineer
10. Machine Learning Engineer -
The average Machine learning engineer salary in India is ₹691,892. Machine learning engineers with less than 1-year experience can earn ₹501,058 per annum. After the machine learning professional gains more experience (10 to 19 years), they earn a whopping ₹1,948,718 per annum.
Bangalore has the most number of openings followed by Delhi/NCR. Bangalore, the silicon valley of India is the best city for machine learning experts which provides 20% more than the country’s average. Python & Deep learning are the skills known to improve the professionals’ average salary.
9. DevOps Engineer -
The average DevOps engineer salary in India is ₹715,281. DevOps Engineer is an IT professional who handles the development as well the operations part of the application. This job profile is part of the full life cycle of a software application from development to deployment.
DevOps have fundamental knowledge about the DevOps technology and process like continuous integration, monitoring, and logging, communication and collaboration, infrastructure as code, continuous delivery, etc.
8. Blockchain Developer -
The average salary for Blockchain technology in India is Rs. 8,01,938.
Due to the lack of experienced professionals, organizations offer a handsome pay-out for the required skills. The excessive & growing demand makes ML experts land on one of the highest salary jobs in India as professionals earn up to 45 LPA.
Blockchain is the new revolutionary field and is redefining everything from currency transactions, internet connectivity, to data security and handling. Blockchain technology cuts out middlemen, reduce costs, and increase speed and reach. It is supposed to usher in greater transparency and traceability.
Blockchain Developers supervise and manage the complete lifecycle of Blockchain applications. They create Smart Contracts, design interactive frontend interfaces of DApps, and build the architecture of Blockchain systems/platforms.
7. Data Scientist -
The average salary for a data scientist based on current projections is Rs. 8,54,985 per annum.
Data scientists are essentially analytical experts who use social science and technology to find trends as well as manage data. They analyze raw data and find solutions to various business problems.
Data scientists also help in creating customized statistical models as well as algorithms based on end-user behaviors.
6. Business Manager -
The average salary for a business manager is currently Rs. 8,81,059 per annum. For freshers, starting salary can range between Rs. 3 lakh to Rs. 4 lakh per annum and with experience, this amount will increase to anywhere between Rs. 12 lakh to Rs. 20 lakh per annum.
These managers will work closely with other departments to ensure seamless functioning of the business.
Tasks such as organizing workflow, delegating tasks, coordinating teams and departments or executing plans are a part of a business manager’s responsibilities. Additionally, expense management and drafting reports based on the company’s performance is also an important part of their tasks.
5. Software Development Engineer -
The average software development engineer salary in India is ₹1,191,752. A software development engineer is a technical professional who is responsible for creating applications and software programs that can be run on different platforms and OS. There is a great demand for this job profile amongst many big tech giants like TCS, Udemy, Amazon, etc.
They are not the experts who just code instead, are professionals who work comprehensively on the operations and development of applications and programs, by providing analytical, strategic solutions and managing errors aligning with the needs of the organization/business.
4. Management Consultant -
According to PayScale, the average salary of a Management Consultant in India is Rs. 11,49,770 LPA. Entry-level Management Consultants usually make around Rs. 6 – 7 LPA while those having a few years of industry experience can earn between Rs. 8 – 11 LPA. For experienced Management Consultants, the salary scale ranges from Rs. 18 – 23 LPA.
The primary role of management consultants is to help companies solve problems, improve performance, and maximize growth. You’ll be concerned with the strategy, structure, management, and operations of the company.
3. Product Manager -
The average salary for a software product manager is Rs. 17,41,148 per annum while the base salary is around Rs. 9 lakh per annum.
Responsibilities could include coordinating between various teams to ensure that the product is performing at its best, creating business plans to optimize the product’s development, and to eliminate issues if any.
Product managers may also have to meet with customers (both prospective and current) to ensure that the product in question meets their requirements, Additionally, they will also work with the marketing department to present the product to customers accurately.
2. Solutions Architect -
If planning and building new systems to help run a business smoothly while identifying problems and finding solutions is what excites you the most, becoming a solutions architect is the ideal option.
These professionals work to create, design, and implement various arrangements within a business. Basically, a solutions architect will help to convert business objectives and goals into practical, actionable steps.
The average salary for a solutions architect is Rs. 19,66,764 per annum while the base annual salary for freshers is generally around Rs. 5 lakh per annum. With experience of over 20 years, the annual salary can go as high as Rs. 26 lakh per annum. This is very challenging and highest paying job among top 10 highest paying jobs in India.
1. Software Architect -
From top 10 highest paying jobs in India this is one of my favourite highest paying job. The average salary for software architects is Rs. 22,91,934 per annum with entry level salary starting generally at around Rs.9.7 lakh per annum. As is the case with most other jobs, greater the experience, higher is the salary.
Software architects essentially provide software solutions and take on tasks such as coding, creating new web services, providing software solutions, etc. These individuals are either employed by large companies or can start their own and will have to create efficient software solutions.
Conclusion -
Salaries in all industries are always subject to the employee’s experience, training, and knowledge. The more you score in these domains, the better you are paid. If you are aspiring for one of the best jobs in India, the salary package is not the only factor.
Career growth, job security, and reputation make a career attractive. Also, different industries pay different ‘highest’ salaries.
These are the top 10 highest paying jobs in India in IT sector – that will help you grow financially / that will be in demand. The above article clearly illustrates how a high salary package is independent of the industry one works in. The opportunity for good, jobs with high salary exists in every sector. We hope you liked our highest paying jobs in India.