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Top 10 highest paying jobs in India for 2020
In these current uncertain times, many professionals are looking inwards, taking stock of where they are in their careers and what they are working towards. While some are making major career changes that involve looking for a new job, others are simply reevaluating the purpose behind what they are doing. When evaluating any career path, there are several factors that will influence next steps, and salary is one of them.
Money is a bottom line factor for many professionals - and that’s one reason why we put together the 2020 Salary Guide, a comprehensive list of salaries in India, broken down by profession. Whether you’re already in a senior position and checking on your market rate, or looking towards something to aspire to, here are 10 of the top paying jobs in India for 2020.
1. C-Suite, Director and Leadership team roles
The highest paid roles in India are those with the highest responsibility at the top levels of an organisation. Across industries, the highest paid roles are those in the C-Suite (CEO, CFO, COO, CTO), Director-level (Executive Director, Managing Director), and other senior leadership positions such as President or Vice President. These complex, high pressure jobs are for some of the most knowledgeable, experienced professionals on the market and candidates can earn anywhere from 300-800 lakh.
2. Global Fund Managing Director
Within Finance, professionals in Private Equity and Venture Capital have the highest earning potential as they manage high growth, high value portfolios. A senior-level Global Fund Managing Director can expect a salary of up to 500 lakh.
3. Head of Manufacturing/Operations
Manufacturing and supply chain are important within the Indian economy, and professionals within this space are in high demand. The roles of Head of Manufacturing and Head of Operations are key for an organisation, ensuring high quality, efficient operations. With this importance comes a high paycheck of 250 lakh or more.
4. Pharmaceutical and Medical Devices Sales
Healthcare is a high growth industry in India at the moment, with lots of potential and increasing importance within the economy. Sales professionals who work in healthcare can expect high salaries, with those in pharmaceutical sales making up to 270 lakh, and those in sales of medical devices can expect a salary of up to 300 lakh.
5. Medical/Regulatory Affairs
Senior professionals with more than 15 years experience in Medical or Regulatory affairs can demand, and receive a high salary in India. With a high level of both knowledge and experience, professionals within this sector of healthcare can make up to 250 lakh.
6. Head of HR
Human Resources has become increasingly important as companies navigate 2020 and anticipate what it will bring for the rest of the year. Once a pure admin role, the HR function is now looked at as a business partner, a function to advise on key business strategies on retention and engagement within an organisation. As this key role becomes even more important, a senior HR professional who makes it to the role of Head of HR can expect a salary of up to 200 lakh.
7. In-house Lawyer
In-house lawyers are currently in high demand. As an in-house lawyer, professionals take care of all legal matters for a company, which may include overseeing contracts, setting compliance and risk management best practices and evaluating legal risks and implementing policies to avoid these risks. In-house lawyers can expect to make up to 250 lakh.
8. Profit and Loss Management
In the property and construction industries, professionals within profit and loss management are a key role in managing cost and overall operations. They must have a high level of experience and good knowledge of specific rules and regulations to help manage the P&L on major projects. Professionals with more than 15 years of experience can expect a salary of up to 250 lakh at a senior level.
9. Head of Engineering
A highly technical role, a Head of Engineering can expect to make anywhere from 120 lakh to 180 lakh, depending on the sector and industry. In technical sectors such as a Head of Engineering within Design and Architecture, professionals earn around 120 lakh, whereas a Head of Engineering within Software Development, DevOps or Product Management will earn up to 180 lakh.
10. Head of Procurement
Within Industrial and Manufacturing, the Head of Procurement is a key role for smooth operations and requires a professional with a good network of contacts who has good negotiation, relationship building and project management skills. As the manager of multiple services and complex contracts, the Head of Procurement can expect to make up to 120 lakh.
With these roles in mind, are you ready to find the next step in your career to make it towards the top? Search through open jobs in India.