High Income Jobs in India with their Salaries

This article provides a list of High Income Jobs in India. Also, it provides a brief description of these jobs and their salaries.

India is one of the most populous countries in the world, ranking second place behind China with approximately 1.8 billion people (2020 census). In India, the employment rate climbed from 40.90% in the second quarter of 2021 to 42.30% in the third quarter.

You may be interested in learning more about High Income Jobs in India.

High Income Jobs in India

You may be interested in learning more about high-income jobs in India as a foreigner or a native. This post has compiled a list of high-paying jobs and their salaries, roles, and requirements.

Product Manager
Merchant Navy Officer
Civil Service
Chartered Accountant
Mechanical Engineer

Product Manager

Product managers devise strategies for creating new goods (whether digital or physical) and their implementation to benefit end customers. In creating a product, they play an integral role from the moment the idea is conceived to its completion.

If you are vying for the product manager role, you have the following to succeed.

You must be vast in the technical and business aspects of the organization, potential market, and product.
Also, You must have leadership qualities and the ability to collaborate with other team members on the project.
You must have good communication and presentation skills to communicate your ideas, suggestions, and findings.
It is crucial to share product ideas with users and understand what they want from the product.

You can take Bootcamp courses on product management or go through MBA courses. There is no one specific area that can lead you to the road to being a product manager.

According to payscale, the average salary of a product manager in India is ₹1,669,290 per annum.

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Merchant Navy Officer

A Merchant navy officer works in the commercial arm of the shipment of cargoes and passengers. India is known for having many shipping companies; the shipping business in India is one of the largest in Asia. According to the latest rankings based on the deadweight tonnages, India ranks fifteen globally.

The role of a merchant navy officer can be in the engineering section, on deck, or working as a crew member.
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To enter the industry, you must pass the entrance examination. Some of the entrance examinations you can apply for in India are

Joint Entrance Examination Mains
Joint Entrance Examination Advanced
Indian Maritime University Common Entrance Test
Hindustan Institute of Maritime Training Online Entrance Test

Furthermore, a bachelor’s or diploma degree in engineering from a maritime college or university is the qualification you need to join the engineering team. For those interested in the crew department,

According to Glassdoor, the average salary of a merchant navy officer in India is ₹1,05,688 per year.

Civil Service

Civil service jobs are one the jobs that are very common and rewarding in India. In the civil service jobs, you get to apply for one of the following jobs in the sector. The civil service jobs are in three categories.

IAS – Indian Administrative Service
IFS – Indian Foreign Service
IPS – Indian Police Service

Indian Administrative Service

The Indian administrative service jobs involve maintaining law and order and implementing policies.

Indian Foreign Service jobs involve working in the government’s diplomatic arm, representing the foreign affairs concerned with India.

Indian Police Service

The Indian police service involves upholding the law statutes in the country. They help arrest offenders and help calm chaotic situations.

You get to write a civil service examination after obtaining the qualifications for the post you want to apply for.

Other categories of civil services jobs apart from the ones mentioned above are:

IAAS – Indian Audit and Accounts Service
ICAS – Indian Civil Accounts Service
ICLS – Indian Corporate Law Service
IDAS – Indian Defence Accounts Service
IDES -Indian Defence Estates Service
IIS – Indian Information Service
IOFS -Indian Ordnance Factories Service
ICFS – Indian Communication Finance Services
IPoS- Indian Postal Service
IRAS – Indian Railway Accounts Service
IRPS – Indian Railway Personnel Service
IRTS – Indian Railway Traffic Service
IRS – Indian Revenue Service
ITS – Indian Trade Service
RPF – Railway Protection Force

The salary of a civil service job depends on the rank and years of experience. According to Glassdoor, the average salary of a civil service worker is ₹10,16,064 per year.

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Chartered Accountant

A Chartered accountant is a professional with broad accountancy knowledge after proven experience and certification.

The responsibilities of a chartered accountant entail the following:

Control financial resources and spending
Conduct financial audits
Give financial guidance
Communicate with customers (individuals or companies) and give them financial information and guidance.
Examine the processes of the business and risk analysis
Run tests to verify financial data and systems
Counsel customers on tax planning (within the bounds of the law to enable them to reduce their tax burden) and tax concerns about actions like corporate mergers and acquisitions.
For small enterprises, keep accounting records, create accounts, and management information (accountancy)
Provide customers with business advice, such as on mergers and acquisitions (corporate finance)
Advise customers on how to enhance their businesses or how to handle insolvency
Identify and stop fraud (forensic accounting)

As a chartered accountant, you can work in public or private enterprises. The areas of specialization include taxation, auditing, forensic accounting, cost accounting, and management accounting.

You can attain the chartered accountant role by starting as an accountant and earning a degree in the field. With years of experience and certification exams, you are on your way to becoming a chartered accountant.

According to Glassdoor, the average salary of a chartered accountant in a year is ₹8,78,500.

Mechanical Engineer

Mechanical engineers are one of the top-paying engineering jobs in India. The field of engineering involves the use of scientific knowledge and technology to design, build, test, and repair machines.

The responsibilities of a mechanical engineer are:

Creating, producing, and putting in components that meet specifications
Examining issues or shortcomings and making fixes for them.
Executing tests and assessments to enhance and innovate product designs.
Utilizing CAD to produce plans and drawings.
Calculating the costs and duration of each project.
Composing instructions for machine operators in technical terms.
Confirming that goods adhere to compliance requirements.
Working along with the other engineers on our team and the project management.

The average salary of a mechanical engineer in a year is ₹357,503 according to payscale.

Final Notes on High Income Jobs in India

The article will help you understand those more rewarding jobs among the plethora of job opportunities available in India. You can use this as a guide as it can be stressful picking a lucrative career.

Before you go, apply for Available Jobs.