As a working professional in a dynamic region such as India where the per capita income is extremely fluctuating from industry to industry, you want to ensure you’re in a favorable field of work. With organized and unorganized sectors running their businesses parallel in the huge economy of our country, it is not the easiest task to rank industries based on salaries or job benefits. Each region, field and company is prone to have diverse monetary and miscellaneous advantages. In India, where job loyalty runs low, salary is without a doubt a primary factor while considering your professional career. So here we are with a list of industries that have some of the highest paying professionals in 2019:
FMCG – Especially For The Sales And Marketing Candidates
Image Credit: Unsplash.com
The fast moving consumer goods industry’s employees have remained at the top of the salary pyramid with an annual CTC averaging to INR 11.3 lakhs (numbers as released by RandStad). This data was derived after analyzing over 1,00,000 employees over 15 core functions and 20 different regions. There is a steady, if not increasing, demand of sales and marketing candidates in the supply chain management model of our FMCG companies causing this industry to be the ultimate winner in this category.
Data Consultancy – For CAs, Data Scientists, MBAs And Others!
You might’ve heard of the Big 4 such as Bain & Co., Mackinsy and BCG. These are the top companies with an elite collection of top-notch data analysts for employees who can crunch numbers and forecast your company’s future – for big bucks of course. After a B-School education, one can expect a salary starting anywhere above INR 75,000 per month at these top consultancy firms.
IT – The Most Obvious Entry To This List!
Image Credit: Unsplash.com
Professionals placed well at big IT ventures can expect to be paid anywhere between INR 9 – 12 lakhs annually. With this field as a hot job, the salary bracket tends to widen with the experience going bigger too. A professional with 6-7 years of professional experience can quote upto INR 18 – 20 Lakhs annually.
Pro Tip: If you are in the field of technology, you better be in the hotspot – Bangalore!
Pharma & Healthcare – Always Booming!
Another high-paying range of jobs is with the Pharma & Healthcare across the country. This field is immune to regional diversity due to the exclusivity of its product line. If you’re in a leading company like Mankind or Apollo, you don’t have to struggle like the ones in up and coming pharmaceutical companies. However, it is a fast growing industry and with a population like ours, drugstore products sell like hot cakes.
Emerging as a hub of major IT companies, professionals across varied industries in Bangalore can earn the highest CTC in the country with a whopping INR 14.6 Lakhs annually with Bombay following closely with a CTC of INR 14.2 Lakhs. Hyderabad and NCR are not too far with an average CTC of INR 13.2 – 13.8 Lakhs annually. These job markets specifically can offer higher remuneration packages once you cross the 10 year experience bracket – you’re a gold mine of knowledge and network by then or an ‘expert of the field’ as they like to call it.
While choosing industry based on the current trends and prevalent parameters can be beneficial, it should not be your primary source of reasoning behind the choice of industry. Always choose what best suits you and your interests, everything else will fall in place.