Top 10 Highest Paying Careers
Top 10 Highest Paying Careers
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Doctors
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Overview
A doctor is a qualified physician who accurately diagnoses and treats patients with various medicines and other resources.
He / she can identify diseases based on symptoms and tests and prescribe a course of treatment.
A doctor can also recommend surgical procedures if so required to treat a patient.
A career as a doctor is one of the most honourable professions.
It is also one of the highest paying careers especially if you have your own clinic / hospital.
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Degree / Courses
Aspirants need to have completed 10+2 with core subjects of physics, Chemistry and Biology, and cleared the exams with an aggregate of 50% or more.
Following this they can pursue their MBBS degree after qualifying the necessary exams.
The most popular degree is the MBBS (Bachelor of Medicine and Bachelor of Surgery) which is a 51/2 year course followed by an internship.
For further specialisation, the aspirant can choose to pursue an MD (Doctor of Medicine).
Other options are:
B.Sc. Anatomy
B.P.T. (Bachelor of Physiotherapy)
B.V.S. (Bachelor of Veterinary Sciences)
B.A.S.L.P. (Bachelor of Audiology and Speech-Language Pathology)
B.O.T. (Bachelor of Occupational Therapy)
B.Optom. (Bachelor of Optometry)
B.R.S. (Bachelor of Rehabilitation Science)
Other postgraduate degree options are:
M.Sc. Anatomy
M.P.T. (Master of Physiotherapy)
M.V.S. (Master of Veterinary Sciences)
M.A.S.L.P. (Master of Audiology and Speech-Language Pathology)
M.O.T. (Master of Occupational Therapy)
M.Optom. (Master of Optometry)
M.R.S. (Master of Rehabilitation Science)
M.S. (Master of Surgery)
M.P.H. (Master of Public Health)
Doctorate level degrees are M.Ch. (Master of Chirurgiae) and D.M. (Doctorate of Medicine) -
These can be pursued only after completing MS or MD or any other postgraduate degree recognised by the MEdical COuncil of India.
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Entrance exams, if any
The common entrance test for the medical profession is NEET (National Eligibility and Entrance Test).
Almost all colleges / universities grant admission based on NEET scores.
Yet there may be some private institutions that accept grade 12 scores.
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Top 3 colleges
All Indian Medical Institute of Medical Sciences (AIIMS), Delhi
Christian Medical College, Vellore
Post Graduate Institute of Medical Education and Research (PGIMER), Chandigarh
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Top 3 skills
Communication skills
Problem solving skills
Teamwork skills
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Top 3 aptitudes
Emotional intelligence
Attention to detail
Sociability
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Salary
The salary varies depending on educational qualifications, skills, specialisations, experience etc.
On an average a doctor in India earns approximately Rs 50,000 - Rs 90,000/- per month.
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Job prospects
A doctor is one of the most sought after professions as the job prospects are very high.
Every industrial house, large corporation, government organisations etc. recruit doctors and medical staff to look after the healthcare needs of their employees.
Moreover, with sufficient practice and experience a doctor can also set up his/her own clinic/hospital.
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Pros / Cons
Very respectable profession and excellent pay are the biggest advantages of being a doctor.
At the same time it is a highly stressful job considering that the lives of patients are in your hands. Moreover you have to be on call at all times.
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Summary
If you are passionate about human anatomy and in treating and helping people come out of their illnesses, then becoming a doctor is the right career for you.
You must be able to empathise with the patients to understand their problems before administering treatment.
Although the NEET exam is one of the toughest exams to crack; if you are able to do so, you are set for a high paying and most satisfying career.
2. Corporate Lawyers
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Overview
Corporate layer is one of the specialisations a student takes after completing the law degree.
A corporate lawyer typically works in a company and is responsible for the legality of all transactions that take place in that company.
It is their responsibility to advise their clients of their legal rights and duties.
Corporate lawyers are the legal face of the organisation and hence must funcion within the laws laid down by the country and advise their clients of the same.
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Degree / Courses
An aspirant must complete a Bachelor of Legislative Law (L.L.B.) from a recognised college / university.
After completing class 12 in any stream with an aggregate of at least 50%, the candidate can choose an integrated 5 year program such as B.A L.L.B or B.Com.L.L.B. depending on their field of interest.
Other options are B.B.A.L.L.B. and B.L.Sc.L.L.B.
Alternatively after completing a Bachelor’s degree in any discipline, they can pursue the three year L.L.B. program.
After pursuing the graduate law degree program, the candidate can also choose to do a postgraduate degree such as L.L.M (Master of Legislative Law). It is a 2 year course.
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Entrance exams, if any
In order to take admission into any of the 22 National Law universities of India, the aspirant must clear the CLAT entrance test.
CLAT is a national level Common Law Admission Test for law aspirants conducted once a year.
Yet another national level exam is the AILET (All India Law Entrance Test) for admission into National Law University, Delhi.
Many states have their own state entrance tests such as MH CET (Maharashtra Common Entrance Test) for admission into the government law colleges of that particular state.
Many private institutes too accept the CLAT scores for admission and yet others give admission purely based on the marks obtained in class 12.
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Top 3 colleges
National Law School of india University, Bangalore
NALSAR University of Law, Hyderabad
National Law University, Delhi
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Top 3 skills
Communication skills
Excellent written and oral skills
Problem solving skills
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Top 3 aptitudes
Interpersonal intelligence
Situational intelligence
Conscientiousness
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Salary
On an average, a corporate lawyer as a beginner is expected to draw a salary of Rs 4-6 lakhs per annum.
Location, skills, experience, employer are some of the factors that govern a lawyer’s pay.
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Job prospects
As almost every large corporation, government organisation, financial institution, and industries all have a legal department to look after acquisitions or daily functioning of the company within the stated laws governing that particular area/country, the jobs are plentiful.
Earlier legal counsel was hired from outside on a case to case basis, but now the need to have in-house counsel has increased with more and more firms recruiting lawyers directly into their workforce.
The need for corporate lawyers has seen a steady increase since the last decade.
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Pros/Cons
It is intellectually challenging, there are numerous career options available and the salary is excellent.
You can even set up your own practice.
At the same time, it is a stressful job where you will need to put in long hours of work before you establish yourself.
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Summary
If you like to work in a mentally stimulating and a challenging environment, then being a lawyer might just be your cup of tea!
It takes years of hard work and discipline to become a lawyer.
You can either choose to be a litigator or a corporate lawyer.
Various job openings in an organisation can be in the form of: associate, senior associate, legal expert, chief legal manager, in-house counsel, partner, etc.
They supervise all legal dealings of the company and provide legal counsel and ensure that all dealings are above board and that they are implemented thoroughly.
In-depth planning and researching goes into the job as a corporate lawyer.
3. Architect
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Overview
An architect designs, plans and constructs buildings and oversees the construction as well.
An architect is instrumental in designing office buildings, shopping malls, schools, colleges, residential complexes, hospitals etc.
He / she first prepares a layout of the design on paper keeping in mind the space available, requirements of the client, rules and guidelines of the area/locality, etc.
He / she also considers safety of the building, estimates building costs, materials required, and gives an estimate of the expected time frame to complete the project.
Once the plan is approved by all pirates involved, the construction begins. The architect then oversees the construction work, deals with the contractors, labourers, helps troubleshoot if any problems arise, and basically ensures that the building comes up as per design and within the stipulated time frame.
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Degree / Courses
The aspirant must have completed grade 12 with Maths as one of the core subjects to be eligible to apply for architectural courses.
The undergraduate courses in architecture are:
B.Arch. (Bachelor of Architecture)
B.Plan. (Bachelor of planning)
B.Tech. (Bachelor of Technology) Architecture Engineering
B.Tech. (Bachelor of Technology) Naval Architecture and Ocean Engineering
Following a graduate degree, it is always recommended to do a postgraduate degree to better your prospects.
Some of the PG courses are:
M.Arch. (Master of Architecture)
M.Plan. (Master of Planning)
M.Plan. (Master of Planning) Urban and Rural planning
M.Tech.(Master of Technology)Architecture Engineering
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Entrance exams, if any
Students have to appear for the National Aptitude Test in Architecture (NATA) for admission into architecture courses.
Several universities/colleges also conduct their own entrance exams such as:
JEE (Joint Entrance Examination) Main for Architecture
GAT (GItam Aptitude Test for Architecture)
AMUEE (Aligarh Muslim University Entrance Exam) for B.Arch.
TNEA B.Arch. (Tamil Nadu Engineering Admission for B.Arch.) Examination
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Top 3 colleges
Sir JJ School of Architecture, Mumbai
IIT Roorkee - Indian Institute of Technology
IIT Kharagpur - Indian Institute of Technology
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Top 3 skills
Visualisation skills
Organisation skills
Communication skills
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Top 3 aptitudes
Spatial intelligence
Intuitive Design thinking
Creativity
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Salary
As a beginner, an architect can expect to draw a salary from Rs 30,000 - Rs 40,000 per month.
The major factors governing the salary are qualifications, type of employer, location of the job, skill sets, experience etc.
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Job prospects
Tremendous growth is predicted for architects as the potential for development, especially in cities, is really huge.
Many government organisations such as Housing and Urban Development Corporation, National Building Construction Corporation Ltd. Town and Country Planning Organisation, Public Works Department and many Public Sector Undertakings need architects for a number of projects.
As more and more awareness is created around sustainability and there is world wide call for the wise use of resources, Architects are expected to come up with “green design” ideas.
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Pros / Cons
One can take up multiple projects at the same time and the money is good.
Moreover you can set up your own architecture firm and be your own boss.
On the flip side, you have a high level of responsibility and a specific time frame to complete a project which can be stressful.
Clients can be unreasonable in their demands and can make work difficult.
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Summary
If you have flair for design, are creative and have excellent visualisation skills, then architecture might just be the career for you.
It gives great pleasure to see your designs come to reality.
You have a number of options to diversify and take up projects as per your liking.
It is a promising career and an excellent paying one.
4. Psychiatrist
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Overview
A psychiatrist is a medical doctor equipped to deal with mental issues of an individual.
Unlike a psychologist, a psychiatrist is authorised to prescribe medicines to patients.
Psychiatrists in general begin by getting patient information, examining them, evaluating their symptoms, collaborating with other doctors if necessary, suggest psychotherapeutic treatments, design treatment plans, and ensure follow up to evaluate progress.
Finally they review treatment plans and suggest further courses of treatment if required as the case may be.
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Degree/Courses
Aspiring psychiatrists must have completed grade 12 with English, Physics, Chemistry, and Biology as the core subjects.
He / she must have scored at least an average of 50% in the final exams.
The aspirant then pursues the MBBS (Bachelor of Medicine and Bachelor of Surgery) degree course which is for a period of 5 ½ years including one year of internship.
Since this is a basic degree one can pursue a diploma or Master’s in Psychiatry as mentioned below:
B.R.S. (Bachelor of Rehabilitation Science)
B.A.S.L.P. (Bachelor of Audiology and Speech Language Pathology)
Following this, one must get certified and obtain a licence with the medical board in order to be able to practise psychiatry across different states.
Some certifications include:
IIM Calcutta Post Graduate Certificate in Healthcare Management (PGCHM)
Developing Expert Educators for Healthcare Professions
Certificate PRogramme in Hospital and Healthcare Management
Fundamentals of Rural Sociology and Educational Psychology
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Entrance exams, if any
As one requires the MBBS degree, one has to appear for the NEET (National Eligibility cum Entrance Test).
Other exams include
JIPMER-EE: Jawaharlal Institute of Postgraduate Medical Education and Research Examination
AIIMS-EE: All India Institute of Medicine and Sciences Undergraduate Entrance Examination
SCTIMST-EE: Sree Chitra Tribunal Institute for Medical Sciences and Technology Entrance Examination
NIMHANS-EE: National Institute of Mental Health and Neuro-Sciences Entrance Examination
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Top 3 colleges
All Indian Institute of Medical Sciences (AIIMS) Delhi
Armed Forces Medical College (AFMC), Pune
National Institute of Mental Health and Neurosciences (NIMHANS), Bengaluru
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Top 3 skills
Reasoning skills
Communication skills
Problem solving
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Top 3 aptitudes
Sensitivity
Compassion
Agreeableness
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Salary
Approximate starting salary of a Psychiatrist will be in the range of Rs 50,000 - Rs 70,000 per month.
Of course the salary varies depending on the specialisation: for instance whether he / she is a forensic psychiatrist or clinical psychiatrist, nature of employment: permanent or consultant, location of job, certifications, experience, employed in a hospital setting or has one’s own clinic etc.
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Job prospects
With the rising levels of stress and anxiety, there has been an alarming rise in the number of people seeking psychiatric help.
A number of private as well as government hospitals have a dedicated Psychiatry department to cater to the increasing cases.
Moreover, after sufficient experience, one can also choose to open a psychiatry clinic.
All in all there is a positive outlook and immense growth predicted for this career.
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Pros / Cons
There is tremendous satisfaction in helping people come out of their problems.
As each case is different, it provides numerous challenging opportunities.
There is financial stability as well.
On the other side, it can get extremely stressful if you are unable to come with an accurate diagnosis or the situation takes a turn for the worse.
One can also tend to get emotionally involved which is detrimental to one’s own mental health.
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Summary
If you are curious about the mind and the effect it has on the physical and psychological effect on people, then you will be interested in the field of Psychiatry.
It deals with the intricacies lodged inside the elusive mind which is a difficult study in itself.
It is a challenging field with new discoveries and advancements almost every other day yet a very fascinating one.
5. Pilot
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Overview
A pilot flies aircrafts, helicopters, commercial jets etc. to carry passengers or cargo to different destinations.
He / she is responsible for the safety of the crew and the passengers.
Apart from carrying passengers or cargo, a pilot can also work for a company chartering flights, taking aerial photographs, or taking part in rescue operations.
He / she conducts preflight checks, that include weather checks, flight safety checks, updates flight logs, confirms flight plans etc.
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Degree / Courses
The aspirant must have cleared grade 12 exams with an average of 50% in subjects Physics, Chemistry, Maths or Physics, Chemistry, Maths and Computer Science.
Some of the popular degrees in aviation are:
B.Sc. (Bachelor of Science) Aviation
B.E. (Bachelor of Engineering) Aeronautical Engineering
B.Tech. (Bachelor of Technology) Aeronautical Engineering
B.Sc. (Bachelor of Science) Aeronautical Science
B.E. (Bachelor of Engineering ) Aerospace Engineering
B.Tech. (Bachelor of Technology) Avionics Engineering
Post the Bachelor’s degree program, an aspirant can choose to start working or pursue higher studies in the form of postgraduate degrees such as:
M.Sc. (Master of Science) Aerospace
M.E. (Master of Engineering) Aeronautical Engineering
M.Tech. (Master of Technology) Aeronautical Engineering
M.Tech. (Master of Technology) Avionics
M.Sc. (Master of Science) Aeronautical Science
M.E. (Master of Engineering ) Aerospace Engineering
M.Tech. (Master of Technology) AerospaceEngineering
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Entrance exams, if any
JEE Main: Joint Entrance Exam Main
JEE Advanced: Joint Entrance Exam Advanced
SRM JEE: SRM Joint Entrance Exam
VITEEE: Vellore Institute of Technology Engineering Entrance Exam
MHT CET: Maharashtra Common Entrance Test
IPU CET: Indraprastha University Common Entrance Test
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Top 3 colleges
IIT Chennai
IIT Mumbai
IIAE (Indian Institute of Aeronautical Engineering), Dehradun
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Top 3 skills
Communication skills and teamwork
Strong presence of mind
Multitasking
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Top 3 aptitudes
Logic, reasoning and maths
Situational intelligence
Spatial intelligence
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Salary
A beginner pilot has a starting salary of at least 1 lakh per month.
The salary varies depending on your job profile such as a commercial pilot or a cargo pilot or aerospace pilots, charter pilots, navy pilots etc.
It also depends on the type of aircraft you are flying, location, years of experience etc.
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Job prospects
A pilot’s career is an evergreen job, meaning that it is here to stay!
With more advancement in technology, aircrafts are getting smaller and faster, and the need for experienced pilots are on the rise.
With a number of airlines entering into the foray of commercial flights, jobs are plentiful.
Private charter planes, cargo planes, pilots for aerial photography, pilots in the defence services, firefighter pilots, test pilots, flight instructor pilots, the options are varied and many!
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Pros / Cons
Excellent pay and one of the most adventurous careers!
What’s more you get to travel the world!
On the downside, there is a considerable amount of stress as you will be responsible for the safety of passengers, crew, expensive cargo etc.
You need to spend a lot of money initially to become a pilot, especially a commercial one.
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Summary
If you like soaring the skies and have a thrill for adventure, then becoming a pilot is the career for you!
It is an exhilarating experience and a challenging one.
Every flight is different, you will get to travel to various destinations across the world and meet people from different cultures.
It is a respectable and admired profession and undoubtedly a very high paying job.
6. Product Managers
Ref: https://www.careers360.com/careers/product-manager
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Overview
A product manager is a professional who determines the customer needs and works towards developing a product that fulfils the business objectives as well.
A product manager works with various departments such as sales, marketing, design, engineering among others.
Once the product has been conceived, he/she is responsible for its further planning and marketing.
Through the entire lifecycle of the product, the product manager takes all the decisions related to it right and is a single point contact in the organisation as far as the product is concerned.
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Degree / Courses
An aspirant is required to complete grade 12 exams in any stream with a minimum average of 50%.
Following this he/she can pursue a bachelor’s degree in business administration or any of the courses listed below:
Bachelor in Business Administration (BBA) in Business Management
BBA Marketing Management
BBA Sales & Marketing
B.Com Sales & Marketing
B.Com. Business Management
B.Tech. Computer Science
B.Tech. Information Technology
A postgraduate following a bachelor’s degree adds more weightage to the resume and increases one’s prospects.
Some of the postgraduate degrees are:
MBA Business Management
MBA Marketing Management
MBA Sales and Marketing
M.Com. Sales and Marketing
M.Com. Business Management
M.Tech. Product Engineering
M.Tech. Information Technology
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Entrance exams, if any
JEE Main, JEE Advanced
DUET (Delhi University Entrance Test)
BHU CET (Banaras Hindu University Common Entrance Test)
BIT SAT (Birla Institute of Technology and Science Admission Test)
AMU EE (Aligarh Muslim University Entrance Exam)
JMI EE (Jamia Millia Islamia Entrance Exam)
IPU CET (Indraprastha University Common Entrance Test)
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Top 3 colleges
University of Technology, Jaipur
Institute of Product Leadership, Bengaluru
VSSD College, Kanpur
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Top 3 skills
Leadership skills
Communication skills
Problem solving skills
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Top 3 aptitudes
Creativity
Calculated risk taking
Business acumen
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Salary
Salary is determined by a number of factors such as if the product manager is on a contractual basis or permanent, qualifications, skill set, years of experience, type of employer, location of the job etc.
On an average, a beginner can expect to earn anywhere between Rs 4 - 6 lakhs per annum.
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Job prospects
A product manager has an excellent career graph where he/she grows in the ranks from a beginner product manager to assistant product manager in a span of 2-3 years.
Further on, depending on performance and other factors, the product manager gets to manage his/her own team with promotion as Product Owner/Head of Products and then on to Director of products, Vice President of product etc.
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Pros/Cons
An opportunity to express one’s creativity with financial stability.
It’s an intellectually challenging job.
On the other hand, the product manager is accountable as the competition is very high and there is tremendous stress to design a product within a given budget and deliver it within a time frame.
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Summary
A product manager looks into all aspects of a product’s lifecycle.
He/she has to conduct a research first, before deciding the type of product that should be released into the market.
Keeping in mind the customer’s expectations based on the survey, a design team is called in, to look into the aesthetics part of it and its functionality.
A product manager’s job does not involve only developing new ideas, but also takes responsibility in case customers react negatively to it.
The he/she sets about rectifying or modifying the product according to the market demands.
7. Chartered Accountant
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Overview
A chartered accountant is a financing professional who looks after the financial aspects of an organisation such as financial services, auditing, budget making, risk taking etc.
CAs, as they are popularly called, are certified by the Institute of Chartered Accountants and are members of the Association of Certified Chartered Accountants. Chartered Accountants find opportunities in various businesses, industries, chartered account firms, institutions, consultancy, capital market services etc. They can even set up their own independent practice.
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Degree/Courses
A chartered accountant aspirant should ideally take up the commerce stream in classes 11 & 12. A commerce stream usually consists of Business Studies, Accounting, Maths, Economics and English. After securing an aggregate of at least 55% from a recognised board, the student can then enrol into a graduate course. Although a non-commerce background student can also take up a graduate degree in commerce with an aggregate of 60%, it is recommended that if you are keen on becoming a chartered accountant, then commerce stream is the most suitable.
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Entrance exams, if any
There are two ways to pursue a course in Chartered Accountancy: either after class 12 or after pursuing a graduate/postgraduate degree in commerce.
Step 1: CA Foundation Course
After completing class 12 examinations, you have to enrol in ICAI (Institute of Chartered Accountants for India) for the foundation course. After a gap of four months you will be permitted to give the foundation examination. Students should score at least 50% (i.e. 100 out of 200 marks) to register for the intermediate or IPCC program.
Step 2: CA Intermediate Course
Upon successful completion of the foundation course, a student can enrol for the CA intermediate course. Alternatively, a commerce graduate/postgraduate can seek direct entry into the CA intermediate Course after securing an aggregate of 55% marks in the qualifying exam. A gap of eight months is required between enrolling and the intermediate exam.
Step3: Integrated Course on Information Technology and Soft Skills (ICITSS)
Post qualifying the intermediate exam, the student must complete a four week special training on Information Technology and Soft Skills.
Step 4: Articleship
Upon successful completion of the special training, the students are eligible for an articleship under a certified Chartered Accountant who has work experience of 10 to 15 years. Moreover the certified CA should not have more than eight articles working under him/her.
Step 5: Final Course
In the final stage, the student needs to undergo training for four weeks in the Advanced Integrated Course on Information Technology and Soft Skills (AICITSS). This happens during the articleship period prior to the final examination.
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Top 3 colleges
Indian School of Business Management, Pune
Jain Deemed-to-be University, Bengaluru
St. Joseph’s Degree and PG College, hyderabad
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Top 3 skills
Communication skills
Numerical Ability
Analytical Skills
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Top 3 aptitudes
Logic, reasoning and maths
Critical thinking
Problem solving
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Salary
The starting salary of a CA is around Rs 6-7 lakhs per annum.
The factors governing the salary figures are:
type of profile:audit firms, banks, internal auditor,
locality:metro cities or other cities,
qualification, number of attempts to clear the exam,
work experience etc.
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Job prospects
As the whole job revolves around numbers, it is an ideal career choice for commerce graduates.
A number of avenues in the field of finance, tax administration, consultancy firms, auditing etc. employ chartered accountants.
Accounting plays a significant part in the economy of business thus it is in much demand everywhere.
A chartered accountant can also set up his/her own independent practice.
The past 5 years alone, has seen an increase in demand for chartered accountants by about 10-15%.
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Pros / Cons
It is a high paying and respectable career with tremendous growth opportunities.
One can also choose to set up an independent practice.
On the other hand, completing the chartered accountancy course is quite tough.
Establishing a good repute is quite tough too as it deals with finance where accuracy is most important
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Summary
Chartered accountancy is a career for those who like to deal with numbers.
It involves study of in-depth concepts of taxation, accounting, auditing etc. and using that knowledge to help organisations.
It takes long hours of study and hard work to acquire a CA degree.
Attention to detail, focus, and concentration are required as even a minor error can lead to loss of crores of rupees.
All sectors need chartered accountants irrespective of size or nature of businesses.
8. Data Scientist
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Overview
A data scientist essentially deals with collecting and analysing voluminous amounts of data to analyse and recognise trends in the market.
A good knowledge of mathematics, computer science, and statistics is required to become a data scientist.
Businesses both big and small deal with vast amounts of data, and thus the need for data scientists to give meaning to the data and use it for the betterment of the company.
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Degree / Courses
An aspirant should complete his grade 12 in Science, Maths and Computer science with a 50% aggregate, from a recognised board.
Following which, he / she can choose to pursue a graduate degree in Data Science, Mathematics, Computer Science or Statistics.
The following is a list of popular degrees for Data Science:
B.Tech. Information Technology
B.Tech. Artificial intelligence
B. Stat
B.Sc. Computer Science
B.Sc. Artificial Language and Machine learning
B.Tech. Data Science and Engineering
B.Tech. Computer Science in Artificial Intelligence and Machine Learning
A postgraduate degree in MBA or M.Tech, will increase your prospects such as
MBA in Data Sciences and Analytics
M.Tech. in Data Science and Engineering
M.Tech. in Data Science and Artificial Intelligence
Post Graduate diploma in Business Analytics
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Entrance exams, if any
JEE Main, JEE Advanced
VITEEE (Vellore Institute of Technology Engineering Entrance Exam)
BITSAT (Birla Institute of Technology and Science Admission Test)
SRMJEE (SRM Joint Engineering Entrance Exam)
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Top 3 skills
Analytical skills
Communication skills
Computer and Technology skills
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Top 3 aptitudes
Logic, reasoning and Maths
Problem solving skills
Interpersonal skills
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Salary
A data scientist can expect to draw a salary of Rs 4-6 lakhs per annum.
It largely varies depending on the educational qualifications, work experience, location of the job, employer type, skill set / certifications acquired etc.
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Job prospects
A whopping 45% rise in data science-related jobs has been observed over the past few years.
This is due to the fact that almost all sectors recruit data scientists for the purpose of data analytics, market analysis, data development, data research etc.
Data is mostly stored electronically worldwide, for instance healthcare sectors store patient data, health records, health services etc. and banking institutions store customer details in the electronic form for ease of use and handling.
E-commerce companies use data to study customer behaviour and attitudes and accordingly develop products.
Similarly passenger counting systems, flight boarding information, GPS tracking systems etc. all use data sciences effectively.
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Pros / Cons
As mentioned earlier, this field has tremendous job prospects and good financial payouts.
It is a challenging work and suited for those interested in research and analysis.
On the other hand, data science is an evolving field with changes and updates happening frequently.
You need to constantly stay up-to-date to be relevant in the field.
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Summary
This field requires a deep interest in numbers, figures and is research oriented.
It is a fast developing field with job prospects across all sectors including banking and financial institutions, e-commerce sites, healthcare sectors, manufacturing industries, academic institutions, government agencies, non-government organisations etc.
Job profiles of a data scientist include business analyst, data engineer, data analyst, marketing analyst, machine learning engineer, data science generalist etc.
9. Dentist
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Overview
A dentist is a medical doctor who deals with problems and diseases related to the teeth, gums, oral cavities etc.
Infections in the mouth can be indicative of other medical issues in the body.
A dentist apart from regular cleaning of teeth also undertakes rebuilding of broken teeth, cavities, fitting crowns etc.
Such dentists are referred to as orthodontists.
A prosthodontist fixes false teeth and caps and crowns on the teeth.
A career in dentistry is a good career option in India.
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Degree / Courses
An aspirant must clear grade 12 exams with 60% average in subjects such as Physics, Chemistry and Biology.
Following which he/she must pursue BDS (Bachelor of Dental Surgery) which is for a duration of 5 years.
A postgraduate degree MDS (Masters of Dental Surgery) can further be pursued with specialisations such as Orthodontics, Oral medicine, Radiology, Periodontics, Endodontics, Paediatric Dentistry among others.
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Entrance exams, if any
In order to get admission into the BDS course, the candidate must qualify the NEET (National Eligibility cum Entrance Examination).
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Top 3 colleges
King George’s Medical University, Lucknow
Guru Gobind Singh Indraprastha University, Delhi
Institute of Medical Sciences Banaras Hindu University, Varanasi
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Top 3 skills
Communication skills
Dexterity
Leadership
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Top 3 aptitudes
Attention to detail
Problem solving skills
Confidence
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Salary
A dentist can earn in the range of Rs 8-10 lakhs per annum.
Even as a beginner, depending on the hospital he/she works in, location, qualifications etc. the salary varies.
A dentist with a specialisation will have better prospects.
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Job prospects
Dentistry is arguably one of the best careers to pursue for a whole range of reasons.
The employment rate is expected to grow by 7 % in the next decade.
Due to an increase in health awareness, oral health and hygiene are given more importance these days, thus the demand for good dentists is on the rise.
As the dentist gains practical knowledge and experience, he/she can also set up an independent practice.
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Pros / Cons
Dentistry is a high paying job with job stability.
It provides the opportunity to set up one’s own clinic and work at convenient times.
On the flip side, it takes years of study, hard work, and discipline to become a dentist.
It can also be a physically demanding work which requires tremendous focus and concentration.
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Summary
A dentist provides oral care and also runs diagnostic tests and X rays to prescribe a course of treatment for the patients.
Furthermore, he/she advises and educates patients on methods of brushing/flossing etc.
Dentists repair broken/damaged teeth, fix bleeding gums, perform root canal treatments, fill cavities etc. and also undermine root causes of dental deterioration.
The prospects of a dentist are excellent in India with rising awareness of oral health care through advertisements, health care policies, government-run awareness campaigns etc.
10. Merchant Banker
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Overview
Merchant banks are financial institutions that offer their services to large corporations and/or high net worth individuals(HNIs).
Merchant bankers deal with multinational corporations and are experts in international trade.
They essentially deal with real estate, foreign investment, trade finance, issue management, portfolio services, stock underwriting etc.
They are an amalgamation of consultancy and banking services.
In India, National Grindlays Bank was the first to introduce merchant banks in 1967. State Bank of India, then became the first commercial bank to set up its own merchant banking division in 1972.
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Degrees/Course
The aspirant must complete class 12 with Science and Maths as the core subjects, with an average of at least 55% average from a recognised board.
Following which he/she can pursue a graduate degree in any of the following subjects: finance, business, or accounting.
Some of the finance / business courses are:
B.Sc. Finance
Chartered Accountant
Cost Accountant
Company Secretary
Actuary
Chartered Financial Analyst
Certified Financial Planner
B.Sc. Economics
B.Sc. Statistics
BBA (Bachelor in Business Administration)
The postgraduate options are
MBA (Masters in Business Administration)
M.Sc. Finance
M.Sc. Economics
M.Sc. Mathematics
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Entrance exams, if any
NPAT (National test for Programs After Twelfth)
DUET (Delhi University Entrance Test)
JUNEE (Jawaharlal University Entrance Exam)
BITSAT (Birla Institute of Technology and Science Admission Test)
BHU PET (Banaras Hindu University Postgraduate Entrance Test)
IPU CET (Indraprastha Professional University Common Entrance Test)
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Top 3 colleges
Narsee Monjee Institute of Management Studies
School of Commerce, NMIMS University
Anil Surendra Modi School of Commerce
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Top 3 skills
Communication skills
Analytical skills
Good with numbers and finance matters
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Top 3 aptitudes
Strong ethics
Logic, reasoning and maths
Professionalism
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Salary
The average salary of a merchant banker varies in the range of Rs 4-6 lakhs per annum.
The factors that contribute towards determining the range of pay scale are the qualifications, years of experience, specialisations, type of job profile, location of the job, type of employer etc.
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Job prospects
Large corporations and industries recruit merchant bankers to look after companies' public issues, manage portfolio of their clients, help in management of their project, assist clients in fundraising, acting as the stock exchange broker etc.
Merchant bankers are paid very handsomely for their time and services.
The job market for merchant bankers is flourishing as more businesses recruit bankers for their specialised needs.
Merchant bankers also look after the requirements of high networth individuals in finance and banking corporations.
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Pros / Cons
Merchant bankers earn among the top salaries with a lot of perks.
There are plenty of opportunities for advancement especially if you are very good at your job.
You can reach a top position at a very young age.
On the flip side, it comes with a lot of stress as money is concerned.
A small mistake could cost your business a client.
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Summary
A career as a merchant banker is for those who like to deal with numbers on a daily basis and are good in statistics, analysis and have a good business acumen.
It is a skill oriented professional career.
The merchant banker has to deal with stock broking, management of international offerings like bonds and securities, manage public issues, provide financial advisory services etc.
The prospects are very good in the foreseeable future as it contributes towards building the economy of the country.
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