Choosing a career path is one of the most daunting tasks for any aspirant. The plethora of career choices, high salaries, and rapidly skyrocketing growth trajectories makes the decision further challenging for students and professionals.
After all, who doesn’t want a big paycheck? Honestly, we all do!
When looking for a job, the most crucial aspects to consider include career scope, salary, work environment, and job satisfaction. The quest for the highest paying jobs in the world is what most of us are after, and rightly so. After all, who wouldn’t want to work at an established organization and earn a six-figure salary?
But there’s a catch – bagging a high-paying job isn’t a cakewalk. Besides, not every person is a cut-out for it, considering the demanding nature of such job profiles and the increased stress level that not everyone can endure.
That said, if you’re on the hunt for the highest paying jobs in the world today, keep reading till the end!
The Top 6 Highest Paying Jobs in the World
- Chief Executive Officer (CEO)
- General Surgeon
- Senior Software Engineer
- Investment Banker
- Data Scientist
- IT Systems Manager
1. Chief Executive Officer (CEO)
A chief executive officer (CEO) is the highest-ranking position of an executive in a company. Every company, whether small or big, has a CEO who handles its corporate affairs. CEOs make crucial corporate decisions, manage resources, and supervise all managerial operations. CEO is the company’s public face and is chosen by the board of directors and the company’s shareholders.
A minimum qualification of a Bachelor’s in Business Administration (BBA) is required to become a CEO. In many large organizations and companies, a Master’s in Business Administration (MBA) is preferred. The curriculum in bachelors and masters of administration usually covers topics like taxation, accounting, marketing, finance, and organizational behaviour and structure. Many corporations also require their CEOs to have legal knowledge. Having legal knowledge is considered a plus point as it can help manage the company’s corporate affairs better.
- Excellent communication and interpersonal skills are a must for the CEO as he needs to represent the company in various situations.
- Decisiveness is a quality that makes the job of a Chief Executive Officer easier, as they often have to make decisions in a short time.
- Competent management and negotiation abilities.
- Time management and organizational skills.
A CEO plays various roles in a company, and the roles differ from one company to another. The job profile of a CEO depends on the size and the nature of the company. In higher-tier companies, CEOs make strategic decisions that run the company and direct its overall growth. In smaller companies, Chief Executive Officers are primarily involved in the day-to-day activities and functions of the company. Whether the company is small or big, CEO’s set the vision, culture, and tone of the organization.
How to become a CEO?
Since CEOs are C-suite professionals, getting there requires years of industry experience and advanced degrees. Companies prefer candidates for the position of CEO who have degrees specific to the line of business in which the companies operate (for example, IT, or banking, or manufacturing). When it comes to the public sector, a bachelor’s degree in public administration, law, business administration are preferred over other degrees. However, one factor that makes you stand out is an MBA degree or a professional certification. Amid the raging pandemic situation, your best bet is to opt for online courses, such as the Master in International Management (MIM), PG Program in Management, MBA (Global), Deakin Business School (DBS)
2. General Surgeon
In terms of revenue and employment, the healthcare industry has rapidly expanded to become one of India’s largest industries. This is mainly due to the increased demand for quality and affordable healthcare services and the influx of public and private players. The healthcare industry encompasses hospitals, telemedicine & mHealth, medical tourism, medical equipment, health insurance, etc.
The qualifications that you need after 10+2 to become a general surgeon include a 5-year MBBS degree recognized by the MCI (Medical Council of India) and then an MS in General Surgery.
- In-depth knowledge of a wide range of medical issues.
- Excellent hand-eye coordination and visuospatial awareness.
- As many procedures can be lengthy and tedious, a general surgeon must possess crucial qualities like agility, precision, and stamina.
Life as a general surgeon is usually very tough and challenging, but it is also rewarding to know that you can save many lives. The job description includes a host of responsibilities like –
- Examining and prepping patients for surgical procedures.
- Review and evaluate patients’ medical history and advise them about the pros and cons of specific surgical processes.
- Performing surgeries on patients to prevent and correct their injuries/deformities/diseases.
- Adhering to established surgical techniques and ethical and regulatory protocols.
- Prescribing postoperative and preoperative treatment plans and medicines.
How to become a General Surgeon?
To become a general surgeon, you must first pass 12+2 with at least 60% in Biology, Chemistry, and Physics. After this, you need to appear and qualify NEET (National Eligibility cum Entrance Test). On clearing this exam, you can enroll in a medical college/university to complete your undergraduate degree in medicine (MBBS), either a government or a private university. After completing MBBS, you have to undergo at least a year of internship, following which you can apply for MS in general surgery. For this, you must qualify the NEET PG entrance exam again.
3. Senior Software Engineer
Today, software engineers work in almost all sectors, thanks to the rapid penetration of technology across all parallels of the modern industry. They can find job opportunities in retail, healthcare, research and development, business, IT/ITES, government agencies, defense (army, navy, airforce), insurance, banking, and finance, to name a few.
B.Tech (Bachelor of Technology) or B.E. (Bachelor of Engineering) in software engineering is the most vital qualification to become a software engineer. You can also pursue an M.Tech in software engineering if you want to receive better annual packages and climb up the promotional ladder.
- Software development, computer programming, and debugging.
- Logical thinking and problem-solving abilities.
- Team spirit and coordinating skills.
- Excellent verbal and written communication skills.
The main job of a software engineer is to research, develop, design, and write new software and computer operating systems. They analyze the user requirements and write code accordingly. They test, refine, and rewrite the code several times as and when required. Software engineers also evaluate software systems, create technical specifications, and experiment with new technologies.
The candidates must have passed 10+2 with Maths, Physics, and Chemistry with a minimum of 55% from a recognized board. Then the next step would be to pursue a B.Tech or B.E. in software engineering. As for higher studies, M.Tech is the best option for software engineering graduates. If you wish to pursue trending technologies, you can opt for certification courses in data science, machine learning, business analytics, and blockchain. Some of the best online programs in these new-age domains include Executive PG Programme in Software Development – Specialisation in Blockchain, Full Stack Development etc.
4. Investment Banker
The banking industry in India includes 27 banks in the public sector, 21 banks in the private sector, and 49 foreign banks. Apart from this, there are many regional rural banks and thousands of urban and rural cooperative banks. In the financial year 2019, public sector banks accounted for 61.21% of the total banking assets. Investments have fast picked up in India and have become the second-largest constituent in the assets of the banks’ balance sheets.
If you’re looking to become an investment banker, several qualifications will work, such as B.Com, BA in economics, BBA in finance, or a CFA.
- Time management, teamwork, and the ability to work under minimum or no supervision are non-negotiable qualities for investment bankers.
- Strong networking and communication skills are also necessary qualities.
- Excellent financial modelling skills.
- Proficiency in MS Office.
- Impeccable quantitative and qualitative skills, including research expertise.
The main job of an investment banker includes making financial models for various acquisitions, mergers, and capital-raising transactions. They perform valuation methods and develop product offerings. Investment bankers also have to deal with private equity transactions.
How to become an Investment Banker?
After completing 10+2, the candidates must get a graduate degree in Bachelor of Commerce (B.Com), Bachelor of Arts in Finance or Economics, Bachelor of Business Administration in Finance, or enroll in a Chartered Financial Analyst Programme. Any one of these degrees will make you eligible for the job of an investment banker. Two to three years of experience and an MBA degree will further help candidates boost their careers and reach higher-level positions in the field.
5. Data Scientist
There is no specific industry for data scientists. They are in-demand data experts who find employment prospects across the length and breadth of the industry. From retail to healthcare, media & entertainment to transportation, education to BFSI, data scientists are everywhere.
The qualification required to become a data scientist is not very specific. One can be a graduate in any discipline and opt for data science in their higher studies. This will make them qualified for the data scientist’s profile.
- The most important prerequisite for this role is to have a deep understanding of the data science fundamentals.
- Knowledge of statistics, data manipulation, programming language, and data analysis.
- In-depth knowledge of Machine Learning (ML), Deep Learning, and Big Data.
- Communication skills, structured thinking, and curiosity are other essential skills that data scientists possess.
The main job of a data scientist is to gather data from disparate sources and then process and analyze it to extract business-relevant insights from within. They process vast volumes of structured and unstructured data and analyze them to discover valuable trends and patterns. They work with data analysts to develop strategies for addressing business challenges. Data scientists also use different data visualization techniques to present information.
How to Become a Data Scientist?
A STEM (Science, Technology, Engineering, and Mathematics) background is usually preferred for a job in data science. Though STEM is preferred, candidates with bachelor’s or master’s in other disciplines can also apply for higher studies in data science. After you’re a graduate, you can apply for courses online like Master’s of Science in Data Science and Executive Pg Program in Data Science.
6. IT Systems Manager
The Indian IT industry is among the fastest-growing sectors in the world. India has the largest number of market shares in the global services sourcing industry, is the second-largest hub for tech startups, and has the second-largest number of internet subscribers in the world. This makes it an ideal market for an IT career. The IT sector includes a host of services like software development, software management, cloud services, IT consultancies, and BPO(Business Process Outsourcing).
IT managers must have a bachelor’s degree in Information Technology/Computer Science/Software Engineering/ Information Systems Management.
- Strong technical skills and in-depth subject knowledge of computer systems (both hardware and software).
- Analytical and problem-solving skills along with the ability to work under stressful situations and compact deadlines.
- Teamwork, management, and leadership skills, and attention to detail.
- Interpersonal and communication skills, time management, and organizational skills.
IT systems managers usually are in charge of supervising the companys’ computer-related functions and activities. They plan, install, and monitor both hardware and software to meet all the IT needs. Also, they oversee information security and implement the new technologies as and when needed.
How to become an IT systems manager?
You must enrol in a graduate program in computer science or information technology if you want to have a career as an IT systems manager. This can include courses like BSIT or B.Sc IT, or B.Sc CS. Any of these courses will set you on a path to becoming an IT systems manager. Apart from a bachelor’s degree, internships will further help you land lucrative jobs because they expose you to real-world experiences. A master’s degree such as M.Sc in Computer Science and an Advanced Certificate in Cyber Security can be instrumental in further boosting your career prospects.
While these are some of the highest-paying jobs in the world, there are numerous other jobs in different specializations that promise above-average salaries and high job security and satisfaction. What’s important is that you choose a career that not only pays well but also gives you ample scope to learn and grow as a professional.
We hope this was helpful to you!