Highest paid careers in the world

13-06-2019

I dream of a world where I can buy anything without checking the price tag!

Money is one of the most important criteria while you choose a career. High paying careers give us big bucks, making us financially secure. Although, they require the right set of education coupled with expertise and skills. During the article, we will take you through the most highest paying careers in the world.

1-Data Science:
Making the right use of the data can make or break the deal. The company can take the right decision and make alterations in the policies only if they understand their data in the right manner. It is the whole and sole responsibility of the data scientist to extract knowledge or insights from large amounts of data. As the work of the data scientist is directly linked to the increased profits, the field is gaining popularity.

Skills Required: High analytical and statistical skills with a knack of numbers. Data Scientists should be brilliant with numbers and should be able to visualize the data.

Colleges in India: Indian School of Business (ISB), Hyderabad, IIM Bangalore, IIM Calcutta, IIT Kharagpur (ISI, IIT Kharagpur and IIM Calcutta joint program)

Colleges Abroad: Carnegie Mellon University, United States, Texas A&M University, United States, Georgia Institute of Technology, United States, Imperial College, London, Massachusetts Institute of Technology, United States

2- Software & Artificial Intelligence :

When we think about artificial intelligence, we get images of robots with human-like characteristics. But, Artificial Intelligence is much more! AI can encompass anything from SIRI to Tesla cars! We are moving towards the world where artificial intelligence is replacing humans, the entire world is becoming automated.

Skills: To excel in the field, one should be high with technical skills with advanced knowledge of software and machine learning. Python, Prolog, JAVA, C++ and LISP programming languages for few one should learn for artificial intelligence research.

Colleges in India: Vellore Institute of Technology, Indian Institute of Technology, Indian Institute of Information Technology, Allahabad, Birla Institute of Technology, etc.


Colleges Abroad : Massachusetts Institute of Technology, University of California Berkeley, University of Cambridge, Princeton University, National University of Singapore, The University of Melbourne, etc.

3-Entrepreneurship

Nothing can be more satisfying than being your own boss and living life on your own terms. The startup trend has gained popularity in the recent few years and is no doubt among the highest paying careers in the world. Ritesh Agarwal is a perfect example who gave Oyo Rooms to the world.

Skills Required: Innovation, Resilience, Perseverance, Leadership, etc. An entrepreneur is anyone who has an idea along with a vision to convert the plans into workable models.

Colleges in India : Entrepreneurship Development Institute Of India, Narsee Monjee Institute of Management Studies, Symbiosis Centre for Entrepreneurship and Innovation, etc.


Colleges Abroad: Cambridge University, University of Edinburgh, Babson College, University of Michigan, University of Arizona, etc.

4- Investment Banking

Investment Banking is a specialized field of Finance where the professionals guide big companies in raising funds as well as guiding them to maximize their profits. Therefore, the main responsibility of an investment banker is to advise(or direct) companies on how to achieve their financial goals and implement long and short-term financial plans.

Skills Required:Other than high finance knowledge it is essential for the investment banker to be high on analytical skills. The person should be comfortable with numbers.

Colleges in India:Shaheed Sukhdev College of Business Studies, NMIMS, Indian Institute of Financial Planning, University of Delhi, International College of Financial Planning, etc.

Colleges Abroad:ESSEC Business School, Esade Business School, University of Cambridge Judge Business School, The University of Oxford, etc.

5- Cardiac Surgery

Medicine is not only the most respectable profession in the world but medical professionals are heavily paid. Amongst all, Cardiac Surgeon tops the list. It is a bit longer journey as compared to other professions in the list. But if you have a passion for the field and would love to save other people’s lives, it is a perfect profession for you.

Skills Required:Emotional resilience, a calm temperament and the ability to work well under pressure. The professional should be punctual with brilliant hand-eye coordination.

Colleges in India : AIIMS, Armed Force College, Christian Medical College, Kasturba Medical College, JIPMER, etc.

Colleges Abroad: Harvard Medical School, Harvard University, Oxford Medicine, Oxford University, Princeton University, Stanford University, Yale University, etc.

8-Pilot

Flying across the globe, meeting new people and discovering new cultures! The work of the pilot starts even before the flight begins. They are responsible for everything that happens on the ground, during the flight and it is their responsibility to safely land the flight. Carrying the responsibility of thousands of people is a big task.

Skills Required: High spatial ability, brilliant with Mathematics and Physics, ability to work under pressure and to take quick decisions.

Colleges in India: Indira Gandhi Rashtriya Uran Academy (IGRUA), Rajiv Gandhi Academy of Aviation Technology, National Flying Training Institute, Bombay Flying Club, etc.

Colleges Abroad: CAE Oxford Aviation Academy, CTC Wings (Europe), Flight Safety Academy (USA), Pan AM International Flying Academy, etc.

9-Merchant Navy

How can we get oil from the UAE or how can the fresh fruits and vegetable reach our local market which is not even grown in India? Thanks to the big cargos carrying goods which make the transport so feasible. This is possible by the professionals who take care of not only the day-to-day working of the cargo (Cadet) but also any technical issues faced during the journey (Engineer). Merchant Navy also gives you the opportunity to explore the world, but you have to stay away from loved ones and be on the ship for around 6-8 months in a go.

Skills Required:The biggest skill required is the thrust for travel and adventure. The professionals should be able to cope with life at sea.

Colleges in India : (Hindustan Institute of Maritime Training, Tolani Maritime Institute, Anglo Eastern Maritime Academy, Applied Research International School of Maritime Studies, Great Eastern Institute of Maritime Studies, etc.

Colleges Abroad: Massachusetts Maritime Academy, Maine Maritime Academy, Tasmania University, South Tyneside College, California Maritime Academy, etc.

10-UI/UX Designing

Amazon is so easy to use, I can't understand Flipkart!

This was my grandmother's statement while she was purchasing some dry fruits for guests. Using one application was much easy than using another application. UI/UX designer works day and night to make the overall experience of the customer better that will make them come back on the application again and again. This is a very crucial part in determining the overall sales, hence the companies are willing to pay hefty salaries.

Skills Required:UI/UX Designers have aesthetics sense, understands consumer behaviour and visual communication. They are also proficient in using software such as CSS, JavaScript, Python, Processing, Photoshop, Sketch, Illustrator, and many others.

Colleges in India:National Institute of Design, Indian School of Design and Innovation, Mumbai, Indian Institute of Technology (IIT), Industrial Design Centre, Mumbai, etc.

Colleges Abroad:Tandon School of Engineering (NYU), George Brown College, Toronto, Ontario, MIT (Massachusetts Institute of Technology), Cambridge, Massachusetts, University of Toronto, Toronto, Ontario

11-Blogging/ Vlogging

Bloggers are the new generation celebrities. 6 out of 10 students dream of becoming a youtube sensation or an Instagram king. No doubt, the profession provides fame, opportunity to travel, and of course money. The best part about the field is you can choose the area you wish to explore - Food, Fashion, Dietetics & Nutrition, Sports, Health, Education and what not!.

Skills Required: Consistency along with patience is the most important aspect. In the 2-minute noodle generation, everyone wants quick results. You should have the patience for success. In addition, out of the box thinking, knowledge of SEO and marketing is also required.

Note: As there is no formal education required, there are no courses which are offered for the same. Although, if you wish to gain some skills it is recommended to learn Wordpress for blogging and learn the art of video making and editing for vlogging.

It is the time to put on your research hat and find out more about the career that you believe will best suit you. Have any other career in mind? Feel free to share with us in the comment section.

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