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One of the toughest tasks today for any fresher student or a person already working as a professional today is to determine the career path they want to choose, especially when it comes to selecting a career that can provide a comfortable livelihood along with a scope of career escalation. While a fair paycheck is something all of us desire as professionals and a number of job domains in today’s transforming career landscape can provide initially high salaries, many jobs eventually lead to a career plateau wherein future scope for escalation is almost nil.
This blog brings to you detailed information about the top 10 career options that are currently among the highest paid in the world, and also offer a scope for excellent career escalation. If you are a working professional then you must know how competitive today’s job market is.
Future-proofing is something that you must consider because the world is changing rapidly, needing you to constantly keep up with the latest trends, developments, and work practices. Here is everything you need to know about the top 10 highest paying jobs in the world.
1) Chief Executive Officer (CEO)
A Chief Executive Officer or CEO of a company is the highest corporate executive job position of any company, and irrespective of the size of the company, each organization needs a CEO to manage the crucial decision-making and managerial decisions for the overall success of the company. A CEO of a company has the responsibility of overseeing the entire organisation’s executive decisions, starting from their strategic positioning, planning, budgeting, execution, and implementation of plans, the external relations, the internal integration of various aspects of the company and more.
The job role of a CEO is undoubtedly one of the most high-stakes positions, both for the position-holder as well as for the company, making it one of the highest paying jobs in the entire world. Large companies, industrial giants as well as corporate firms hire CEOs who can realize the vision and mission of the company and bring success to it. In many ways, the job role of a CEO is directly related to how successful a company grows out to be.
Average Salary Across the World
Here we have enlisted the salaries per annum of the role of a CEO across some major nations of the world:
- India: ₹29,81,140
- USA: $162,624
- UK: £72,440
- France: €140,000
- Switzerland: 200,161 Fr.
- Australia: $162,624
- Japan: ¥25,000,000
- Canada: C$147,310
Source: Payscale
Important Skills
Some of the essential skills that are needed for a person to effectively handle the job role of a CEO includes:
- Strong communication skills
- Strong negotiation skills
- Effective interpersonal skills
- Knowledge about important functionaries of a company
- Time management and effective organization skills
- Ability to make decisions under pressure
- Critical thinking and analytical ability
- Ability to plan for the long-term perspective
Eligibility
For the role of a CEO, professional experience and field knowledge in handling firms and companies is most important, and educational qualifications come secondary to the valuable insights one gains through experience. However, the minimum qualification that is demanded for this job position is that of a BBA degree, since CEOs require foundational knowledge of management in their career. However, an MBA degree is much more preferred for this job role.
Job Description
The job of a CEO entails various tasks and activities that are related to the size of the company. Primarily, the job role of a CEO comprises of responsibilities in two major areas:
- External Adaptation: The CEO plays a major role in handling the external relations the company has with other businesses and the society in general, is answerable to the stakeholders of the company, has to make decisions with regard to external national and international policies etc.
- Internal Integration: This aspect of the job role of the CEO is essential and even more so in smaller organizations. It includes managing and overseeing the internal functioning of the company, which includes making important strategic decisions for the company, overseeing the implementation of the decisions, the expenditure and budgeting of the various projects in the company and so on.
Big Recruiters
All companies, whether big or small, hire highly experienced individuals as their CEOs. A few of the top recruiters who hire CEOs include:
- Deloitte
- Cognizant
- Accenture
- IBM
- Infosys
- Wipro
- Capgemini
2) Medical Surgeon
Medical field is undoubtedly one of the most crucial and well-regarded fields of job across the world, as it is one of the most pivotal services for human life, that of healthcare. The job role of a medical surgeon involves medical healthcare as well as performing surgeries on the human body, one of the most crucial aspects of medical care for the ailing. Due to the high stakes and cruciality of the job, it is understandably one of the most well-paid across nations.
A medical surgeon can earn variable amounts of salaries depending upon the area of specialization, the nation as well as the experience of the professional.
Average Salary Across the World
Here we have enlisted the salary packages that a medical surgeon can earn in various nations across the world (per annum).
- India: ₹11,91,237
- USA: $302,806
- UK: £66,913
- France: €96,581
- Switzerland: 203,473 Fr.
- Australia: AU$158,124
- Japan: ¥45,550,644
- Canada: C$197,167
Source: Payscale
Important Skills
The job role of a surgeon is a crucial one requiring the professional to be extremely careful during the process of the surgery. It also requires the surgeon to make many crucial decisions under pressure in the case of unforeseen circumstances during surgeries. Some of the crucial skills that help a surgeon to perform these job responsibilities include:
- Thorough medical knowledge in the pertinent specialization area
- Overall detailed knowledge of medicine and healthcare
- Analytical Ability to compare various alternative choices of treatment
- Decision-making ability, especially in a critical situation
- Spatial intelligence and visualization ability
- Agility and precision in performing surgeries
Eligibility
To practice as a registered medical surgeon, a person must have an MBBS degree that is taken up after completion of school education in the PCB (physics, chemistry, biology) stream. Followed by completion of the MBBS degree, the doctor must also complete a Masters in Surgery (MS) in a specialization area or general surgery.
Job Description
As already discussed, the job role of a surgeon is a highly tedious one, requiring many high-stake decisions and job responsibilities. Given below is a general summarisation of the primary job responsibilities of a surgeon:
- Patient assessment to gain a detailed understanding of the patient’s condition, the prognosis and further needed surgeries
- Performing surgeries, which entails everything from the thorough surgical planning, preparation of operation theatre accordingly and performing the surgery
- Providing after-surgery care to ensure the smooth rehabilitation of the patient into mainstream life
- Researching and reading up on recent developments in the field of medicine and surgical procedures
- Documentation of the entire medical procedures of a medical case, including medical history of the patient, diagnosis, prognosis, course and outcome of surgery etc.
Big Recruiters
The prominent recruiters of surgeons include major healthcare firms both in the public and private sectors. Some of the top recruiters across India include:
- Apollo
- Fortis Healthcare
- Max Healthcare
- Park Hospitals
- AIIMS
- Safdarjung Hospitals
- Sir Gangaram Hospital
- Manipal Hospitals
3) Software Architect
A B.Tech degree, not just in India but around the world, is one of the most pursued and demanded courses. Software engineering has always been considered one of the best paying jobs around the world and for all the right reasons. With all aspects of professional functioning going online as a result of the Covid-19 Pandemic, software architecture has gained tremendous pace in the tech world. In this light, the role of software engineering for seamless transition to a virtual world and workspace has been recognized. It has become one of the most flexible and feasible highest paying jobs around the globe in recent years. Software Architects are currently high in demand and this demand is expected to grow further in the days to come.
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Average Salary Across the World
Software engineering and architecture is a well-paid field across nations, even though the exact salary packages are understandably variable. Here we have enlisted the average salaries that a software architect can earn in top nations across the globe (per annum):
- India: ₹24,85,749
- USA: $135,872
- UK: £64,856
- France: €58,324
- Switzerland: 106,784 Fr.
- Australia: AU$141,628
- Japan: ¥6,878,446
- Canada: C$115,138
Source: Payscale
Important Skills
A software architect should have a thorough knowledge of Data Structures and Algorithms. They should also have knowledge of Web Development. Languages like C, C++, Javascript are in some way the foundation of development that happens in the software world, so, a good command over these languages is a must. Following are some other skills that employers look for in a software architect:
- data modelling
- understanding of software architecture
- good programming skills
- strong analytical skills
Eligibility
A Software Architect must be knowledgeable in High Level Languages (HLL) like Javascript, C, C++. They should at least have a bachelor’s degree in Computer Science, Information Technology, Software Engineering, or other related fields, like a B.Tech or a BCA. A master’s degree in Computer Science is mostly preferred by employers. Recruiters also prefer employees with certain training and certifications in the particular specialisation they are hiring for.
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Job Description
A few major aspects of the job of a software architect have been mentioned briefly here:
- A software architect optimizes the development process in an organization
- They make design choices and dictate technical standards such as coding, tools, and platforms.
- They perform roles like designing, developing, and implementing software solutions to address complex business issues
- They provide technical leadership within the IT department of the organization.
Big Recruiters
You can find an endless list of recruiters looking for experienced software architects around the globe. Such is the demand of a software architect in the current era. Following are only a few of those giants who are always actively looking for these tech experts:
- Microsoft
- Amazon
- Tesla
- Adobe
- Apple
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4) Investment Banker
An up and coming job domain in India, and quite a well-developed job domain in the world, is that of investment banking, which includes the handling of the resources, financial assets and investments of a firm to increase profits and maximise the growth. An investment banker provides consultancy and support to corporations and industrial sectors to help them manage their finances, procure mergers and acquisitions, procure investors as well as invest finances into stocks and shares to effectively grow the business.
Investment bankers can find jobs as consultants in corporations, and industrial units as well as in financial firms, consultancies and banks. It is a well-regarded job in the domain of commerce and one of the most well-paid ones across nations. The scope of career growth in the field of investment banking is quite high as a professional can earn lucrative pay packages with growing years of experience.
Average Salary Across the World
The average salary packages across the world that an investment banker can earn have been listed here (per annum).
- India: ₹8,87,097
- USA: $117,603
- UK: £60,641
- France: €56,200
- Switzerland: 98,264 Fr.
- Australia: AU$97,725
- Japan: ¥1,12,61,938
- Canada: C$81,020
Source: Payscale
Important Skills
Some of the crucial skills that are needed to thrive in the industry of investment banking include those like:
- Investments management
- Financial capital management
- Ability to handle financial modelling and analysis
- Decision-making ability
- Strategic planning skills
- Analytical and critical aptitude
- Ability to plan and make decisions from a long-term perspective
- Quantitative skills and aptitude
- Research insight skills
Eligibility
In order to become an investment banker, a professional must have an educational background in commerce, preferably either a B.Com or a management degree such as BBA or MBA in the specialization of financial management, investment banking, banking and accounting etc.
Job Description
The various essential aspects of the job role of an investment banker have been discussed below:
- Reviewing an organization’s financial goals and strategies
- Creating effective strategies for a company’s stocks, selling and buying of bonds, debts etc.
- Providing financial advice and consultancy to organizations and firms about financial investments
- Handling organizational change with respect to helping firms in the procurement of mergers and acquisitions
Big Recruiters
Key recruiters in the investment banking sector include:
- Accenture
- Bain and Co
- ICICI Bank
- HDFC Bank
- JP Morgan and Chase
- Morgan and Stanley
- Goldman Sachs
5) Data Scientist
With automation picking up pace, Artificial Intelligence (AI) and Machine Learning (ML) is the future! In such a future, it is numbers, or specifically data that is going to rule the world of technology. There has been a 29% increase in the demand for Data Scientists year over year and a tremendous upswing of 344% since 2013.
A Data Scientist is someone who has the ability to navigate through data and who can understand the pattern and concepts of data, and applying that data to form decisions, to form a judgement and is absolutely critical while performing the procedure. This job role encompasses driving crucial business decisions purely based on data and empirical solutions, which is incredibly scalable.
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Average Salary Across the World
The salary of a Data Scientist varies depending upon the level of experience and the finesse in relevant skills. Another important factor is the level of development of the IT sector and data-based solutions in the nation where the professional is working. Here we have listed the average salaries a professional can earn as a data scientist in various nations (per annum):
- India: ₹9,21,232
- USA: $99,350
- UK: £41,452
- France: €44,408
- Switzerland: 96,724 Fr.
- Australia: AU$93,864
- Japan: ¥5,308,357
- Canada: C$82,476
Source: Payscale
Important Skills
To be a Data Scientist, you might consider mastering the following skills.
- Understanding Machine Learning algorithms
- Create data models
- Code in languages like Python, R, SAS, and other analytical tools
- Excellent communication
- Data visualisation
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Eligibility
Data Science is something that you might not be able to master solely with your skills. Relevant studies are prerequisites to being a great Data Scientist.
To be eligible to be a Data Scientist you must have any one of the following:-
- Bachelor of Engineering (BE) degree
- Bachelor of Technology (B.Tech) degree
- A recognised course on Data Science (an MBA/MCA in Data Science)
Job Description
As a Data Scientist, there are multiple roles and responsibilities that you might have to take on depending upon your niche. However, the one thing that is common to all these is, to analyse raw data of a business using technology to identify business issues and provide appropriate solutions to various problems.
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Big Recruiters
Since it is one of the most in-demand jobs in the world currently, there are some big names that recruit Data Scientists on a large scale. Following are a few of these big recruiters around the world:
- Apple
- Oracle
- Amazon
- Meta
6) Chartered Accountant (CA)
A profession that is going to be in demand as long as there is taxation and auditing in the world is Chartered Accountancy. It has often been called an evergreen profession and rightly so! The selection exam for CA is considered as one of the toughest exams in India. To be a CA, you need to clear 3 exam levels- foundation, intermediate, and final. Just clearing the exam is not enough though–industrial training from a decent company is a great way to upskill one’s skills set and working knowledge of chartered accountancy. Good articles after the intermediate level is also something to look for if you are considering becoming a Chartered Accountant at a large firm.
Average Salary Across the World
The salary of a Chartered Accountant varies greatly. It accelerates with experience in the field. An average salary range that one can earn in various nations as a chartered accountant has been enlisted here (per annum):
- India: ₹8,69,300
- USA: $98,145
- UK: £35,975
- France: €44,300
- Switzerland: 120,000 Fr.
- Australia: AU$77,228
- Japan: ¥7,298,211
- Canada: C$76,680
Important Skills
Since it is one of the most sought after jobs, a CA must possess a myriad of skills. These include a mix of soft skills and technical skills, a few of which have been mentioned below:
- Good Analytical skills
- Financial Accounting
- Investments for Businesses
- Strong Communication
- Commercial Awareness
- Excellent command over Excel
Eligibility
To be a Chartered Accountant in India, you will have to clear the entrance exam which is conducted in three parts- foundation, intermediate, and final. You can directly skip to the intermediate level exam if you possess a graduation or post-graduation degree in Commerce and clear the requisite entrance. Only candidates who pass the final level exam are eligible to become Chartered Accountants and start a professional practice.
Job Description
As a Chartered Accountant, you will have to plan taxes, audit accounts, identify and recommend solutions to accounting problems. A CA is expected to guide their clients with their finances and also ensure that all tax related activities in the company are compliant with the federal and provincial regulations.
Big Recruiters
Some of the giants in the industry who recruit Chartered Accountants in India are:
- Deloitte
- Aditya Birla Group
- Reliance
- ICICI Bank
- Ernst & Young
7) Product Manager
Product Management is a fascinating role and career option, especially if you are looking at the next 10 years. People think of project management as a tech role, which is not actually the case. You are the manager of a technical product. On the other hand, product management is not completely a technical field but a very metric-driven field. It’s not necessary for a professional to code or possess the knowledge of software engineering but rather the ability to look at data and to make sense of what’s working and what’s not to give that feedback to the engineering and technical teams for fixing it up and developing better solutions. Vision, strategy, and metrics are some of the fundamentals of the job role of a product manager.
As a Product Manager at a firm, you will be expected to identify and understand the customers, their needs as well as the overall market needs. You should also be skilled in negotiation tactics and collaborative work. You will help teams determine parameters around the product and then the engineering team will lead the development of that product from conception to launch.
Average Salary Across the World
Product Managers generally enjoy a lucrative salary package. And again this package completely depends upon the knowledge, skills, country of service and most importantly the experience of the Product Manager. Here we have provided a summary of the average CTCs one can earn as a product manager in some of the nations across the world (per annum):
- India: ₹18,41,656
- USA: $104,753
- UK: £51,272
- France: €57,754
- Switzerland: 113,349 Fr.
- Australia: AU$107,900
- Japan: ¥6,900,000
- Canada: C$89,152
Important Skills
A Product Manager is usually a person with expertise in a multitude of niches. There are tons of skills that a product manager needs to master to enjoy better job opportunities. Experience in the field of product management is also considered an important skill. There is immense value of experience in Product Management, be it sales, brand management, marketing, or advertising. Some of the other skills required are:
- strong understanding of Product Lifecycle Management (PLM)
- knowledge of product management tools like Pivotal Tracker, JIRA, Asana
- strong analytical and time management skills
Eligibility
People with under graduation in Marketing in Business Administration are considered eligible for the post of a Product Manager. However, most recruiters and employers prefer candidates with a master’s degree in Management, such as a Masters in Business Administration (MBA) in Product Management. Product Management is a versatile job that requires the person to be dynamic in all its aspects.
Hence, candidates with certifications, training, and experience along with the degree of course are considered the most eligible for the post. Therefore, to be able to land a job with big firms, you must not just follow the traditional path of education, but must go out of the way to gain expertise, skills and experience in the field.
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Job Description
A Product Manager is responsible for
- delivering an operating plan to help the organisation achieve strategic and tactical goals and objectives
- Building a product portfolio
- managing and implementing marketing activities
- Contributing to product strategy and its vision
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Big Recruiters
The job domain of product management is steadily and subtly gaining pace and popularity in the tech world. Big tech firms have been constantly hiring product managers for better management and marketing of their products which was earlier taken care of by the engineers. Following are only a few of the big recruiters actively seeking Product Managers:
- Dell
- Zynga
- Flipkart
- IBM
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8) Web Developer
Since its inception, the field of IT has provided many novel and engaging job roles to professionals interested in the computer science domain. One of the prominent job roles in the field of IT is web development, which includes programming for the world wide web or the internet. The job of a web developer involves using software programming languages to create pages, networks and websites for the Internet.
With the rise of technology and digitalization of spaces ranging from daily life to business, the demand for web developers has grown and is expected to only rise further in the future. The field is lucratively compensated and offers excellent scope for career escalation with increasing years of experience and expertise.
Average Salary Across the World
The salary that one can earn as a web developer across the globe differs depending upon a number of factors. The average salaries that can be earned as web developers in nations with the demand for this job have been listed here (per annum basis).
- India: ₹3,63,102
- USA: $63,169
- UK: £27,302
- France: €33,641
- Switzerland: 62,761 Fr.
- Australia: AU$64,768
- Japan: ¥3,120,000
- Canada: C$83,000
Important Skills
Web development requires some key technical skills and knowledge, without which it is tough to survive in this field and carve out a successful career. Some of these skills have been mentioned here:
- Knowledge of programming languages like Python, JavaScript, C++ etc.
- Detailed knowledge of HTML
- Front end knowledge
- Backend development skills
- Web hosting and deployment skills
- Graphic designing skills
- Technical computer skills
Eligibility
In order to practise as a professional web developer, in addition to having the necessary skills, a professional must also have certain educational qualifications. These include either a B.Tech course in software engineering or a Bachelor’s in Computer Applications (BCA) with specialisation in web development. Similarly, an M.Tech or an MCA can be a very valuable addition for developing add-on skills for web development as well.
Job Description
As the name of the job role suggests, web developers are involved in a variety of functions that are related to creation, planning, designing, revamping etc. of websites and webpages. The various aspects of the job role of a web developer include:
- Creation and designing of pages for the internet
- Managing frontend designing and development
- Backend development and data storage and API creation
- Creating and developing full-stack solutions by the effective combination of frontend and backend
- Conducting regular quality assurance of web pages and websites
Big Recruiters
Web developers can explore careers in top IT companies and firms across the world. Not only IT firms, but also many other industrial companies often hire web developers to establish their internet presence as well as handle their websites. Some of the top recruiting companies for web developers include:
- Deloitte
- IBM
- Infosys
- Wipro
- Capgemini
- Intel
- Dell
- GoDaddy.com
9) Digital Marketing
Digital Marketing is a domain that has made a drastic growth in recent years due to the upsurge in the usage of social media among users of all backgrounds. Due to this sudden upsurge, the industry is short on skilled professionals and hence Digital Marketing has become one of the highest paying jobs today worldwide. The world is becoming digital day by day because of which new forms of marketing and advertising are coming forth. It is indeed a demanded job in the present as well as in the near future.
As a Digital Marketer, you are not just restricted to jobs at some other firms, you can have your own digital marketing agency. Social Media Marketing business is also constantly and rapidly growing and hence brings immense opportunities.
Average Salary Across the World
There are various roles that come under the umbrella of Digital Marketing. Therefore, the salary differs based on the role as a digital marketer. Experience also plays a key role in affecting the salary one can earn as a digital marketer. Some of the countries and the average salaries offered in this job role in those countries are mentioned here (per annum basis).
- India: ₹5,83,227
- USA: $72,599
- UK: £35,189
- France: €44,809
- Switzerland: 91,414 Fr.
- Australia: AU$85,094
- Japan: ¥7,500,000
- Canada: C$70,093
Important Skills
It is a myth that digital marketing is all about copywriting. Knowledge of AdSense and the Ad network of Facebook, Youtube, and Google is not enough. Copywriting is just a small but very important part of Digital Marketing. There is a vast arena of important skills needed for Digital Marketing which are complementary to the particular role you pursue. However, there are some skills that are relevant to all the roles of a digital marketer. These are:
- Data Analytics
- Search Engine Optimisation (SEO)
- Search Engine Marketing (SEM)
- Content Marketing
- Understanding design thinking and planning
- Innovative and creative approach towards tasks
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Eligibility
There is no defined eligibility for digital marketing. If you are talented and have what it takes, then you can be a Digital Marketer even after High School. However, prior knowledge of the technicalities involved in Digital Marketing is a plus point. To gain or to enhance this knowledge you can pursue Certificate or Diploma courses specifically designed for Digital Marketing. Various institutes and universities around the world provide these courses even in the online mode so that you can maintain your work-life balance while gaining extra knowledge.
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Job Description
As a Digital Marketer your work will depend on your designation. You can be a content writer, content strategist/creator, a copywriter, SEO or SEM expert, a data analyst, etc. The responsibilities common to all the roles is to understand and analyse market trends and then strategize marketing accordingly. The other responsibilities are specific to the particular role you pursue.
Big Recruiters
Some of the giants in the industry who recruit Digital Marketing experts are:
- Accenture
- Tata Consultancy Services (TCS)
- Zoho
- Amazon
- Flipkart
10) Crypto Or Blockchain Developer
If you are tech-savvy or are interested in Bitcoin or Cryptocurrencies, you must be aware of how big of an impact Crypto has made globally in the past decade. Just like Web2 is the hub of tech giants like Google, Facebook, Microsoft, and alike, Web3 is rapidly growing as well and seems to be the tech of the future. Web3 is building a decentralized world that is built on the blockchain.
However, you must not confuse Crypto Development with Crypto Trading. They are two completely different concepts. Crypto Development is about technological development in the crypto world. It is about creating apps, services, and protocols. The demand for crypto and blockchain experts across industries and geographies has grown in recent times with the boom in technology and the increasing popularity of cryptocurrency. Given the fact that cryptocurrencies are surging, blockchain technology has a long way to go as a career field.
Average Salary Across the World
The niche of Crypto development is a young entry into the vast and already established tech world. The salaries offered currently might hike miraculously depending upon the surge and usage of Crypto currencies and blockchain in the near future. Current average salaries offered in this job domain in various nations have been mentioned below (per annum basis):
- India: ₹8,95,000
- USA: $122,000
- UK: £58,000
- France: €39,309
- Switzerland: 103,000 Fr.
- Australia: AU$82,199
- Japan: 457,000 JPY
- Canada: C$73,166
Important Skills
Blockchain development is a completely skill-based job. There are certain skills that a crypto developer or a blockchain developer must necessarily master to flourish in the field. Also, mere knowledge of the subject is not enough. The experience in the subject is also extremely evident for the professional to gain knowledge and insights about actual working solutions in the world of blockchain and cryptocurrency. Some of the important skills are:
- Solid programming skills
- Thorough understanding of the technologies behind Ripple
- R3
- Ethereum
- Bitcoin as well as consensus methodologies and
- Security protocol stacks
- Crypto libraries and functions
Eligibility
The basic requirement for a blockchain developer is to have a bachelor’s degree in either Computer Science or Information Technology. Solid knowledge of Data Structures is also a valuable asset to the eligibility criteria of a crypto or blockchain developer since blockchain development is a highly complex concept. Knowledge of languages such as C, C++, SQL, Javascript, and Python is also very crucial. An employer would prefer a developer that knows as many languages as possible.
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Job Description
Blockchain engineer specializes in developing and implementing architecture and solutions using blockchain technology. The job responsibilities might differ depending on the company provisions, rules, and regulations. A crypto or blockchain developer might work in both backend or full-stack posts based on the type of work offered by the organization.
Big Recruiters
Some of the giants in the industry who recruit Blockchain Developers are:
- Accenture
- IBM
- Cognizant
- Wipro
- Tech Mahindra
Conclusion
Thus, as can be seen from the various job options listed in this blog, the journey of career escalation and the salary one can earn depends to a great extent on the specific career domain that one ventures into as well as the country in which one practises their profession.
