Starting Strong: The Best-Paying Jobs for Fresh Graduates in India
Starting Strong: The Best-Paying Jobs for Fresh Graduates in India
Mar 20, 2024
15 Mins
Introduction:
As a fresher in India, job-hunting can seem complicated and challenging. It's not that opportunities are rare; companies are constantly hiring employees for various functions.
However, it's important to remember that you need to find a job that suits you personally and professionally. It should be a job that not only covers your expenses and future savings but also provides recognition.
Therefore, when looking for the highest paying jobs in India for fresher candidates, one needs to search diligently and find the right role. In the past, medicine, law, civil services, and accounting were the highest paying fields in India.
But now, the social, public, and private sectors are expanding and offering great salaries for graduates from both niche and mainstream fields. All you need to do is know where to look and what to look for.
To make job hunting easier, as promised, I have compiled a complete and detailed list of the highest paying jobs in India for fresher pass-outs. Read on to find information on job titles, descriptions, details, and average estimated salary packages.
The top 10 highest paying jobs in India for freshers are:
1. Software Developers
2. Civil Services
3. Investment Bankers
4. Machine Learning Experts
5. Medical Professionals (Doctors)
6. Lawyers
7. Chartered Accountants
8. Merchant Navy Professionals
9. Commercial Pilots
10. Data Scientists
Software Developer or Full Stack Developer
Web applications have revolutionized how users worldwide view technology and IT. In India, IT and coding have also taken the education system by storm, with newer apps emerging every day, encouraging younger students to enroll in coding and software development courses.
As a result, there is a significant population of IT graduates in India, and the field remains one of the most popular on the job front. Full-stack development is a niche IT field that involves developing both the user interface and business end of an application.
Full-stack development is also one of the most sought-after job prospects for freshers in India. However, like any other job, several factors influence your salary, such as the company you work for and your skill level.
But, with that being said, a full-stack developer job is still one of the highest paying jobs in India for fresh graduates. It can fetch you an annual salary ranging from 3 to 10 lakhs.
Freshers, defined as candidates with 0-3 years of experience, can expect an average salary close to 3-3.6 lakhs per year.
Civil Services
Traditionally, this has been one of India's most prestigious disciplines to enter at any career or education level. Civil service exams like UPSC have always attracted numerous Indian students, offering them an opportunity to contribute to the well-being and administration of the country.
Established in 1922, these exams have been taken by notable personalities like Subhash Chandra Bose, who not only appeared for the examination but also served as civil servants. Broadly, there are two types of Indian civil services: Indian Administrative Service (IAS) and Indian Police Service (IPS).
Additionally, there are two other groups of services, Group A (IFS, IA&AS, etc.) and Group B (related to UTs and their administrative and police agencies).
While civil services have always been high-paying, the 7th Pay Commission has also revised the salary packages offered to junior-level officers.
According to the Seventh Pay Commission, junior-level civil service officers can expect a grade pay of INR 16,000 per month, with gross salaries ranging from INR 45,000 to 1,45,000. This is a considerable reward for the preparation required for the exams.
Civil services, seen as prestigious career choices, are among the highest paying jobs in India for fresh graduates.
Investment Banking
Investment banking is a highly prestigious occupation that finance graduates aspire to. It is one of the highest paying jobs in India for fresh graduates. In fact, this specialized field has attracted students from various disciplines such as engineering, humanities, and basic sciences, inspiring them to pursue management as a postgraduate degree.
To illustrate, Chetan Bhagat, one of India's best-selling authors, who started his career as an engineer, transitioned into investment banking. He worked for Goldman Sachs and then Deutsche Bank, two prominent names in the industry.
This indicates that people have not only ventured into investment banking from unexpected career paths but have also diversified their expertise and explored other fields. The job market is dynamic, offering ample opportunities for growth and expansion.
Investment banking is not considered one of the highest paying jobs in India for freshers without reason. The average expected salary for entry-level investment bankers is around INR 9,92,681 per year, depending on their alma maters.
Machine Learning Expert
Machine learning is a niche field that has emerged from the broader domain of IT, closely related to the rise of artificial intelligence (AI). Machine learning involves training an AI to accurately perform tasks without explicit programming.
Today, both universities and job markets have a strong demand for machine learning experts and consultants, making it one of the highest paying jobs in India for fresh graduates.
Many online courses, offered by renowned institutions such as IBM and upGrad, provide certification in this field.
According to Gartner's 2020 Magic Quadrant Report, the rise of AI and the increasing significance of machine learning will result in more than 2 million job postings. In India, an ML expert can expect a salary nearing 5 lakhs per year.
Medicine (Doctor)
In the midst of a pandemic, being a doctor is one of the most crucial professions. There will never be a shortage of opportunities for qualified front-line medical workers. Despite the hard work required to become a doctor, the rewards are significant for both the graduate and the community.
However, being a doctor alone is not sufficient. Your university's reputation and your specialization also play a role in determining your fresher salary package.
Fresh doctors can expect salaries ranging from 7 to 12 lakhs per year. High-demand specializations like orthopedics, cardiology, radiology, and surgery can earn graduates up to 18 lakhs per year, and also provide an opportunity to practice independently and further enhance their skills.
Advocates/Attorneys-at-Law
Law has always been one of the noblest professions in the country, with many esteemed figures gracing the occupation. Nowadays, law has become a specialized profession like medicine, with various branches such as corporate law and environmental law gaining prominence.
Even today, fresh law graduates have a range of domains to choose from, be it joining established firms or setting up their independent practice.
Corporate law is among the highest paying jobs in India for fresh law students, offering salary packages of up to 7 lakhs per year for those with Bachelor's degrees from premier law colleges.
Chartered Accountancy
Chartered accountants are indispensable financial advisors and handlers for businesses and individuals. They are responsible for tax filing, investment recording, and unbiased auditing. Additionally, they provide financial advice and prepare financial reports for businesses.
To become a qualified CA, aspirants must pass rigorous examinations and undergo a strict screening process by the Institute of Chartered Accountants of India. The "Big 4" auditing firms are the leading recruiters in this field.
The starting package for a qualified CA is around 7 to 8 lakhs per year.
Merchant Navy
The merchant navy is one of the most lucrative and challenging fields. It offers attractive pay and the opportunity to travel to distant places. However, the job is physically demanding and requires being away from family and home for long periods.
Working with a reputable company in a good location can earn you up to 80 lakhs per year, even as a fresher. This makes it the highest paying job for fresh graduates in India. However, competition among firms is tough, and there may be limited vacancies at desirable locations.
Commercial Pilot
Another challenging yet glamorous job is being a commercial pilot, which allows you to travel to faraway places. Commercial pilot training and certification programs are widely available. This profession even enables you to earn while training. With travel restrictions gradually being lifted, the aviation sector is expected to recover.
While the hiring situation in this field is quite competitive, it remains a top-paying job for trainee pilots.
During the training period, you can earn around 2 lakhs per year. Once you complete 200 flight hours, pass your exams, and become a fresher pilot, your salary can go up to 20 lakhs per year, depending on the airline you choose.
Data Scientist
Data science has been named "the fourth paradigm of science" by Jim Gray, the 1988 Turing Award winner. It has made significant advancements, and the interpretation of "Big Data" can lead to substantial cost savings and vital insights for stakeholders and users.
For freshers, data science is an excellent specialization, particularly for those already in the engineering/IT field, given the high demand. As the world becomes increasingly digital, more such specializations are expected to emerge.
Depending on your job description, level, and company, you can expect an average salary package of 7-7.5 lakhs per year as a fresher data scientist.
Conclusion
Choosing a career can be a daunting experience. However, this list provides a starting point for researching the highest paying jobs in India for fresh students. It can be challenging to choose a career path and stick to it. Careers, just like the job market, are dynamic and subject to change. Maintaining a good academic record is crucial to securing a high-paying job.
These are just a few examples of the highest paying jobs in India for fresh candidates. In a competitive world, it is essential to pursue careers that offer both financial rewards and security. It is acceptable to lack clarity in your career choices as a fresher. The industry has become more adaptable, allowing individuals to change directions and upskill throughout their careers.
Introduction:
As a fresher in India, job-hunting can seem complicated and challenging. It's not that opportunities are rare; companies are constantly hiring employees for various functions.
However, it's important to remember that you need to find a job that suits you personally and professionally. It should be a job that not only covers your expenses and future savings but also provides recognition.
Therefore, when looking for the highest paying jobs in India for fresher candidates, one needs to search diligently and find the right role. In the past, medicine, law, civil services, and accounting were the highest paying fields in India.
But now, the social, public, and private sectors are expanding and offering great salaries for graduates from both niche and mainstream fields. All you need to do is know where to look and what to look for.
To make job hunting easier, as promised, I have compiled a complete and detailed list of the highest paying jobs in India for fresher pass-outs. Read on to find information on job titles, descriptions, details, and average estimated salary packages.
The top 10 highest paying jobs in India for freshers are:
1. Software Developers
2. Civil Services
3. Investment Bankers
4. Machine Learning Experts
5. Medical Professionals (Doctors)
6. Lawyers
7. Chartered Accountants
8. Merchant Navy Professionals
9. Commercial Pilots
10. Data Scientists
Software Developer or Full Stack Developer
Web applications have revolutionized how users worldwide view technology and IT. In India, IT and coding have also taken the education system by storm, with newer apps emerging every day, encouraging younger students to enroll in coding and software development courses.
As a result, there is a significant population of IT graduates in India, and the field remains one of the most popular on the job front. Full-stack development is a niche IT field that involves developing both the user interface and business end of an application.
Full-stack development is also one of the most sought-after job prospects for freshers in India. However, like any other job, several factors influence your salary, such as the company you work for and your skill level.
But, with that being said, a full-stack developer job is still one of the highest paying jobs in India for fresh graduates. It can fetch you an annual salary ranging from 3 to 10 lakhs.
Freshers, defined as candidates with 0-3 years of experience, can expect an average salary close to 3-3.6 lakhs per year.
Civil Services
Traditionally, this has been one of India's most prestigious disciplines to enter at any career or education level. Civil service exams like UPSC have always attracted numerous Indian students, offering them an opportunity to contribute to the well-being and administration of the country.
Established in 1922, these exams have been taken by notable personalities like Subhash Chandra Bose, who not only appeared for the examination but also served as civil servants. Broadly, there are two types of Indian civil services: Indian Administrative Service (IAS) and Indian Police Service (IPS).
Additionally, there are two other groups of services, Group A (IFS, IA&AS, etc.) and Group B (related to UTs and their administrative and police agencies).
While civil services have always been high-paying, the 7th Pay Commission has also revised the salary packages offered to junior-level officers.
According to the Seventh Pay Commission, junior-level civil service officers can expect a grade pay of INR 16,000 per month, with gross salaries ranging from INR 45,000 to 1,45,000. This is a considerable reward for the preparation required for the exams.
Civil services, seen as prestigious career choices, are among the highest paying jobs in India for fresh graduates.
Investment Banking
Investment banking is a highly prestigious occupation that finance graduates aspire to. It is one of the highest paying jobs in India for fresh graduates. In fact, this specialized field has attracted students from various disciplines such as engineering, humanities, and basic sciences, inspiring them to pursue management as a postgraduate degree.
To illustrate, Chetan Bhagat, one of India's best-selling authors, who started his career as an engineer, transitioned into investment banking. He worked for Goldman Sachs and then Deutsche Bank, two prominent names in the industry.
This indicates that people have not only ventured into investment banking from unexpected career paths but have also diversified their expertise and explored other fields. The job market is dynamic, offering ample opportunities for growth and expansion.
Investment banking is not considered one of the highest paying jobs in India for freshers without reason. The average expected salary for entry-level investment bankers is around INR 9,92,681 per year, depending on their alma maters.
Machine Learning Expert
Machine learning is a niche field that has emerged from the broader domain of IT, closely related to the rise of artificial intelligence (AI). Machine learning involves training an AI to accurately perform tasks without explicit programming.
Today, both universities and job markets have a strong demand for machine learning experts and consultants, making it one of the highest paying jobs in India for fresh graduates.
Many online courses, offered by renowned institutions such as IBM and upGrad, provide certification in this field.
According to Gartner's 2020 Magic Quadrant Report, the rise of AI and the increasing significance of machine learning will result in more than 2 million job postings. In India, an ML expert can expect a salary nearing 5 lakhs per year.
Medicine (Doctor)
In the midst of a pandemic, being a doctor is one of the most crucial professions. There will never be a shortage of opportunities for qualified front-line medical workers. Despite the hard work required to become a doctor, the rewards are significant for both the graduate and the community.
However, being a doctor alone is not sufficient. Your university's reputation and your specialization also play a role in determining your fresher salary package.
Fresh doctors can expect salaries ranging from 7 to 12 lakhs per year. High-demand specializations like orthopedics, cardiology, radiology, and surgery can earn graduates up to 18 lakhs per year, and also provide an opportunity to practice independently and further enhance their skills.
Advocates/Attorneys-at-Law
Law has always been one of the noblest professions in the country, with many esteemed figures gracing the occupation. Nowadays, law has become a specialized profession like medicine, with various branches such as corporate law and environmental law gaining prominence.
Even today, fresh law graduates have a range of domains to choose from, be it joining established firms or setting up their independent practice.
Corporate law is among the highest paying jobs in India for fresh law students, offering salary packages of up to 7 lakhs per year for those with Bachelor's degrees from premier law colleges.
Chartered Accountancy
Chartered accountants are indispensable financial advisors and handlers for businesses and individuals. They are responsible for tax filing, investment recording, and unbiased auditing. Additionally, they provide financial advice and prepare financial reports for businesses.
To become a qualified CA, aspirants must pass rigorous examinations and undergo a strict screening process by the Institute of Chartered Accountants of India. The "Big 4" auditing firms are the leading recruiters in this field.
The starting package for a qualified CA is around 7 to 8 lakhs per year.
Merchant Navy
The merchant navy is one of the most lucrative and challenging fields. It offers attractive pay and the opportunity to travel to distant places. However, the job is physically demanding and requires being away from family and home for long periods.
Working with a reputable company in a good location can earn you up to 80 lakhs per year, even as a fresher. This makes it the highest paying job for fresh graduates in India. However, competition among firms is tough, and there may be limited vacancies at desirable locations.
Commercial Pilot
Another challenging yet glamorous job is being a commercial pilot, which allows you to travel to faraway places. Commercial pilot training and certification programs are widely available. This profession even enables you to earn while training. With travel restrictions gradually being lifted, the aviation sector is expected to recover.
While the hiring situation in this field is quite competitive, it remains a top-paying job for trainee pilots.
During the training period, you can earn around 2 lakhs per year. Once you complete 200 flight hours, pass your exams, and become a fresher pilot, your salary can go up to 20 lakhs per year, depending on the airline you choose.
Data Scientist
Data science has been named "the fourth paradigm of science" by Jim Gray, the 1988 Turing Award winner. It has made significant advancements, and the interpretation of "Big Data" can lead to substantial cost savings and vital insights for stakeholders and users.
For freshers, data science is an excellent specialization, particularly for those already in the engineering/IT field, given the high demand. As the world becomes increasingly digital, more such specializations are expected to emerge.
Depending on your job description, level, and company, you can expect an average salary package of 7-7.5 lakhs per year as a fresher data scientist.
Conclusion
Choosing a career can be a daunting experience. However, this list provides a starting point for researching the highest paying jobs in India for fresh students. It can be challenging to choose a career path and stick to it. Careers, just like the job market, are dynamic and subject to change. Maintaining a good academic record is crucial to securing a high-paying job.
These are just a few examples of the highest paying jobs in India for fresh candidates. In a competitive world, it is essential to pursue careers that offer both financial rewards and security. It is acceptable to lack clarity in your career choices as a fresher. The industry has become more adaptable, allowing individuals to change directions and upskill throughout their careers.
Author
Pluto Team
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