Highest paying jobs: Digital transformation across industries because of the pandemic coupled with advancements in technology has brought about a change in the skills required across various business functions. Companies have had to quickly move their operations online and increasingly leverage technology and data to reach customers, understand their needs and provide products and services in an increasingly competitive business environment.
This digitisation has led to an increased demand for skilled talent with specific technical skills and qualifications to tackle new challenges faced by businesses.
Organisations increasingly require professionals with expertise in emerging areas such as Data Science, Data Analytics, AI, Blockchain, Cloud Computing, Cybersecurity, Digital Marketing, and Product Management.
These are all now essential skills for organisations wishing to participate and win in the digital economy and for individuals to distinguish their profiles.
Candidates with these skills are finding employment in roles such as AI Specialists, Cloud Architects, Blockchain Developers, Data Analysts, and Robotics Engineers.
Such career opportunities come with lucrative packages, where an aspirant can earn anywhere between 6 and 70 lakhs depending upon their role in industries like IT/ ITES, BFSI, E-commerce, Health, and Fintech, among others.
As we step into 2022, many professionals are considering giving their careers a new direction by transitioning into a new field. For them to adapt and power ahead, it is important to future-proof their skills by upskilling in new-age domains.
Here’s a list of some highest paying jobs for the upcoming year:
1. Data Scientists
With companies going digital and churning out huge volumes of data, Data Scientists are amongst the most sought-after professionals. According to a report by Indeed, there has been a 29 percent YoY increase in the demand for Data Scientists.
Organisations are actively hiring data scientists with Programming, Data Visualization, and Machine Learning skills to assist them in making data-driven business decisions.
In view of this huge demand, data scientists can look to earn a base salary that is 36 percent higher than most professionals in the analytics industry.
Ideally, an entry-level Data Scientist in India earns between 5-7 lakhs per annum, 12-15 lakh per annum at the mid-level, and can go as high as 21-25 lakh/annum at the senior level.
2. Cyber Security Specialists
Cyber Security Specialists
Due to widespread digital transformation, the need to protect data and digital assets has become a priority today.
The tech industry has recorded a growing demand for highly skilled Cyber Security professionals with problem-solving, analytical, and computer forensics skills to decode and trace all computational movements.
CyberSecurity professionals ensure individuals, governments, and businesses are equipped against all kinds of cyber threats and crimes.
Professionals in this domain make approx. 6 lakhs/annum at the entry-level, 10-12 lakhs/annum at the mid-level, and 30-40 lakhs/annum at the senior level.
3. Cloud Engineers and Architects
Cloud Engineers and Architects
Cloud is the future of all organisational and consumer operations. Cloud Software Engineers, Cloud Architects, and Cloud Infrastructure Engineers are in-demand roles that are securing the best industry offers.
According to a recent IDC report, India’s public cloud services market will touch $10.8 billion by 2025.
Professionals with a degree in Cloud Computing, equipped with Programming, Database Management, and Linux skills could have a salary hike up to 60 percent.
Candidates in Cloud Computing earn 6-8 lakhs/annum at entry-level, 10-12 lakhs/annum at mid-level and 30 lakhs/annum at senior level. Some seasoned experts in the domain can earn up to 70 lakhs/annum.
4. Product Managers
Product Managers wear multiple hats like tech experts, management professionals, communicators, and success evangelists and are often viewed as mini-CEOs who are responsible for the launch and updating of product features.
It is one of the most sought-after roles in recent times.
According to PayScale, the average salary of product managers in India is Rs 17,41,318 per annum and can go up to 20 lakhs per year with relevant experience and upskilling.
5. Full Stack Developers
Full Stack Developers
Recent reports show there has been a 20 percent spike in demand for Full-Stack Developers in India.
Professionals equipped with the knowledge of front-end and back-end development, Version control system, coding skills, cloud and database skills along with fluency in Python, Java, CSS, RubyonRails, and other coding languages, can expect high paying jobs from startups and top MNCs with 5-6 lakhs/annum at entry-level, 8-10 lakhs/annum at mid-level and 10-12 lakhs/annum at senior level.
With so many career choices available and with very strong hiring trends for candidates with digital skills, 2022 promises to be an excellent year for those with the right skill set.
Enrolling the right certifications and skills training will definitely help learners power ahead in their careers and transition into high growth opportunities.