Salary Guide 2024: Top 10 Highest-Paying Industries in India

Salary Guide 2024: Top 10 Highest-Paying Industries in India | Career | Emeritus

According to LinkedIn’s Future of Recruiting 2023 Report, compensation is the top priority for Indian professionals because of rising inflation and a competitive labor market. Since these trends are expected to continue in 2024, the demand for higher salaries will also increase. However, organizations are prioritizing skills over education when discussing pay. Therefore, professionals need to upskill and be aware of the industry pay standards to secure well-paying jobs. This blog serves as a comprehensive salary guide 2024. It offers insights on how to get best salary, while delving into the roles with the best salary 2024.

In this blog, we shall discuss the following:

  • Salary Guide 2024 for The Highest-Paying Industries in India

  1. Fintech
  2. Artificial Intelligence and Machine Learning 
  3. Sales and Marketing
  4. Product Management
  5. Healthcare
  6. Human Resource Management
  7. Business Management
  8. Data Science
  9. Cybersecurity 
  10. Supply Chain Management 

Salary Guide 2024 for The Highest-Paying Industries in India

1. Financial Services

Ranked as the third largest fintech ecosystem in the world, India is gradually emerging as a global fintech leader. In 2022, Indian startups received the highest funding worldwide. Interestingly, India has over 9000 registered fintech startups, thus leading to a high volume of jobs in the sector. Moreover, financial markets have played a key role in making India the fastest-growing economy in the world. Hence, the finance sector offers a flourishing career to the modern-day professionals. The following are the leading roles in the finance and fintech sector along with their average figures.

Salary Guide 2024: Financial Services 

Role Average Annual Salary
Tax Director ₹48,99,319
Chief Financial Officer  ₹36,47,508
Hedge Fund Manager ₹26,95,679
Portfolio Manager  ₹18,88,989
Financial Analyst  ₹7,18,578
Financial Advisor  ₹6,16,642

Top Companies Hiring for Financial Services Roles

According to a survey by Ciel HR Services, there is a 50% increase in talent demand in the financial, banking, and insurance sector. Moreover, organizations are focusing on digitization to improve customer service.

The top 10 companies in India hiring for finance roles are:

  • PwC
  • Mahindra Finance
  • Morgan Stanley
  • Boston Consulting Group
  • Goldman Sachs
  • JP Morgan Chase & Co.
  • KPMG
  • State Bank of India 
  • Bain & Company
  • Bajaj Finance Limited

How to Build a Career in Financial Services?

The minimum requirement for building a career in finance is a bachelor’s degree in this field.  The top technical skills needed for finance roles are financial risk management, investment management, financial analysis, and strategic planning. Emeritus’ online finance courses can help you master advanced financial concepts and skills to boost your career.

ALSO READ: 10 Top In-Demand Jobs in India to Future-Proof Your Career in 2024

2. Artificial Intelligence & Machine Learning

According to Deloitte’s State of AI in India Report 2022 an increasing number of Indian organizations are accelerating AI adoption. Consequently, this means higher investments in AI and better employment opportunities for tech professionals. In fact, now is an ideal time to learn AI, ML, and other frontier technologies to boost your career.

Salary Guide 2024: AI & ML

Role Average Annual Salary
AI Research Scientist  ₹35,73,644
Big Data Architect  ₹30,66,237
Machine Learning Engineer ₹12,00,000 
Deep Learning Engineer ₹11,34,903
Computer Vision Engineer ₹8,79,113
Robotics Engineer ₹6,10,049

Top Companies Hiring for AI and ML

Decentralization is a significant trend governing the AI and ML industry to ensure ethical usage and maximize the benefits. Hence, many new AI startups are emerging. They are collaborating with tech giants to leverage the power of AI. The following are some of the top companies in India that frequently hire for AI and ML roles:

  • Accenture
  • Ola
  • Fynd
  • Salesforce
  • Accenture
  • Microsoft
  • Dolby Laboratories
  • Amazon
  • Microsoft
  • IBM

How to Build a Career in AI and ML?

A successful career in AI and ML demands a Bachelor’s degree in computer engineering, data science, or information technology. Additionally, technical skills like data science, data visualization, computer programming, blockchain development, etc., do come in handy. If you want to advance your career in this field, explore Emeritus’ online artificial intelligence and machine learning courses. These courses teach the best industry insights and help you gain relevant skills to excel in this field.

ALSO READ: Meaning and Application of Artificial Intelligence & Machine Learning

3. Sales and Marketing

Excellent sales and marketing are vital for all businesses, regardless of its size. Organizations focus on aggressive sales and marketing strategies to increase their online visibility, boost brand awareness, and tackle intense business competition. Since more businesses are constantly entering the market, there is a huge demand for skilled sales and marketing professionals. Tabled below are the top roles in this industry offering the highest salaries.

Salary Guide 2024: Sales and Marketing

Role Average Annual Salary
Marketing Director ₹39,76,862
Chief Marketing Officer  ₹32,42,531
Demand Generation Marketing Manager  ₹29,68,206
Brand Manager  ₹16,00,881
Marketing Analyst  ₹11,22,422
Sales Manager  ₹9,60,000

Top Companies Hiring for Sales and Marketing Roles

Sales and marketing jobs are growing rapidly in every industry. Here are some of the top companies in India that offer the best salary 2024 for sales and marketing roles:

  • Zoho
  • Salesforce
  • Oracle
  • Cadbury
  • Coca-Cola India
  • Cloudflare
  • Cisco
  • Google
  • Drift
  • CrowdStrike

How to Build a Career in Sales and Marketing?

 Focus on learning skills, market research, data analysis, content marketing, and lead nurturing with the help of the salary guide. Emeritus’ sales and marketing courses helps you  gain insights from industry leaders and understand effective sales and marketing strategies.

ALSO READ: The Highest-Paying Marketing Jobs: 8 Rewarding Positions

4. Product Management

Until a few years ago, the product management role focused more on brand awareness. However, it is now a strategic role that demands automation, design thinking, integrating Lean and Agile frameworks, and data-driven decision-making. According to LinkedIn, product management jobs in India grew by 48.6% within a year in 2022. It is, therefore, a promising career for the future.

Salary Guide 2024: Product Management 

Role Average Annual Salary
VP of Product Management  ₹73,94,008
Director of Product Management  ₹70,38,779
Chief Product Officer ₹44,11,844
Lead Product Manager ₹37,87,583
Product Marketing Manager ₹23,85,494
Assistant Product Manager ₹11,51,111

Top Companies Hiring for Product Management Roles

We are gradually moving towards a product-led economy where organizations are focusing on generating value for customers. Hence, product management jobs are growing rapidly. Here are the top 10 companies offering the best salary 2024 for product management roles:

  • Uber
  • Google
  • Myntra
  • Microsoft
  • Amazon
  • Paytm
  • Dell Technologies
  • IDFC First Bank
  • Bajaj Finance Bank
  • Kotak Mahindra Bank 

How to Build a Career in Product Management?

Product management is a strategic function that involves end-to-end accountability of a product from development to marketing. Product teams also optimize the product continuously to meet customer demands and keep up with the market trends. Hence, if you want to grow your career in product management, you can pursue Emeritus’ product management courses. You can master relevant strategies, frameworks, and skills. 

ALSO READ: Who is a Product Manager? Salary, Skills & Career

5. Information Technology

IT is one of the fastest-growing industries in India. According to Statista, total employment in the IT and Business Process Management (BPM) industry in India is 5.4 million It is expected to increase even further in 2024. Moreover, Nasscom states that there will be around 95,00,000 IT jobs in India by 2026.  Only 55 lakh IT professionals are expected to be skilled in digital technologies like big data analytics, IoT, and cloud computing. Thus, gaining expertise in these technologies can offer a significant salary boost.

Role Average Annual Salary
Software Architect  ₹34,96,600
Computer Network Architect ₹27,37,814
Software System Developer  ₹13,13,635
DevOps Engineer  ₹8,65,000
Blockchain Developer  ₹8,09,982
Full Stack Web Developer  ₹7,50,000

Top Companies Hiring for Information Technology 

India is emerging as a global technical and services hub. The following are the top countries that offer the best salaries for IT roles:

  • Hewlett Packard Enterprise
  • Microsoft
  • Wipro
  • Amazon
  • Google
  • LTIMindtree
  • Cognizant Technology Solutions
  • Concentrix
  • Path Infotech
  • Barclays 

How to Build a Career in Information Technology?

 Professionals need to have a strong foundation and master popular programming languages and computer networks. Emeritus’ online informational technology courses is taught in collaboration with the leading Indian institutes. They teach essential technological skills and how to set up a solid foundation to learn disruptive technologies.

ALSO READ: The Top 10 Highest-Paying Jobs in Computer Science in India

6. Human Resource Management

The modern workforce has undergone a paradigm shift since the pandemic. Global organizations have witnessed an unprecedented  resignation wave.  Employees are quitting en masse due to lack of work flexibility, burnout, and no sense of value at the workplace. Professionals are now focusing on upskilling and reskilling to learn transferable skills that can be applied to different industries. Moreover, organizations are also facing talent shortages, making it difficult to retain talent. Hence, the demand for skilled human resource professionals is increasing since businesses are striving to navigate complex workforce-related challenges.

Salary Guide 2024: Human Resource Management

Role Average Annual Salary
Chief Human Resources Officer  ₹48,26,137
Human Resources Director  ₹44,81,523 
Compensation and Benefits Manager ₹19,19,255
Learning and Development Manager ₹15,81,037
Talent Acquisition Manager  ₹14,93,580
Employee Relations Manager ₹11,69,931

Top Companies Hiring for Human Resource Management Roles

The following are the top companies in India hiring for human resource management roles:

  • PwC
  • Schneider Electric
  • Unilever
  • Aditya Birla Group 
  • PolicyBazaar
  • Tata Steel
  • Reliance Retail
  • McKinsey & Co.
  • Titan
  • ITC Infotech

How to Build a Career in Human Resource Management?

Modern human resource management professionals must stay abreast with the recruitment and upskilling trends to get well-paying jobs. Moreover, they should be proficient in soft skills like communication, negotiation, and empathy. Emeritus’ online human resource management courses can help you acquire the relevant skills to grow your career.

ALSO READ: The Top Highest-Paying HR Jobs in India You Should Know About

7. Business Management

The contemporary business landscape focuses on governance and creating sustainable solutions. Moreover, business leaders also have to ensure accountability and transparency. Professionals today define product strategies, enhance customer experience, and promote diversity and inclusivity in workplaces. With business structures becoming more complex, there is a high demand for qualified business management professionals.

Salary Guide 2024: Business Management 

Role Average Annual Salary
Chief Executive Officer (CEO) ₹29,89,354
Business Operations Manager ₹16,19,349
Business Manager ₹13,84,612
Market Research Specialist ₹10,56,398
Business Development Manager ₹9,19,500
Business Analyst  ₹8,83,000

Top Companies Hiring for Business Management Roles

Here are the top 10 companies in India offering high salaries for business management roles:

  • Accenture
  • Oracle
  • Axis Bank
  • Urban Company
  • American Express
  • KPMG
  • HCL Inc.
  • Airtel
  • Square Yards
  • Novartis

How to Build a Career in Business Management?

The new business environment dynamics have made it mandatory for management professionals to keep up with the market trends. They need to use tools to analyze data, make informed decisions, and focus on offering value to the customers. Therefore, they need strong research, analytical, and strategic thinking skills to build a flourishing career in business management. Emeritus’ online business management courses help professionals in this aspect, helping them attain the necessary skills for career growth.

ALSO READ: Highest-Paying Jobs in Commerce That Ensure You Get What You Deserve

8. Data Science

“Data is the new currency for businesses.” This popular quote by Antonio Neri, the President of Hewlett Packard Enterprise, highlights the importance of data for business growth. Organizations are leveraging data science and analytics to generate valuable insights for their businesses. This helps them make informed decisions that offer them a competitive advantage. Enterprises integrate data across all functions and processes to predict market trends, analyze customer responses, and offer quality service. Hence, the need for data science professionals is skyrocketing. Let’s have a look at the salary guide 2024 for data science roles.

Salary Guide 2024: Data Science

Role Average Annual Salary
Data Architect  ₹21,16,450
Data Scientist  ₹14,00,000
Database Developer  ₹11,83,402
Data Engineer ₹9,45,000
Data Analyst  ₹7,50,000
Statistician ₹5,68,945

Top Companies Hiring for Data Science Roles

If you are wondering where and how to get best salary for data science, here are the top 10 companies in India hiring for data science roles:

  • Microsoft
  • Jio
  • Accenture
  • ZS Associates
  • Optum
  • Google
  • Apple
  • HCL Technologies
  • MU Sigma
  • Genpact 

How to Build a Career in Data Science?

Building a career in data science requires skills like machine learning, data visualization, database management, statistics, and probability. You can pursue Emeritus’ online data science courses to learn these skills and boost your career.

ALSO READ: An Insight into a Data Scientist’s Salary in India and Other Countries

9. Cybersecurity 

 Digitalization and the use of cloud technology have enabled organizations to improve their efficiency and reduce risks. I It also poses serious data security concerns. Organizations not only must protect their confidential business data but also adhere to data compliance laws and safeguard customer data. Thus, as companies increase the pace of digital transformation, the demand for cybersecurity professionals jobs also increases significantly. According to a report by TeamLease, an IT & staffing company, around 40,000 cybersecurity jobs were available across India in May 2023. It indicates that cybersecurity is one of the fastest-growing career routes in the digital era.

Salary Guide 2024: Cybersecurity

Role Average Annual Salary
Chief Information Security Officer (CISO) ₹29,20,885
Network Security Manager ₹24,47,774
Security Architect  ₹22,71,806
Cloud Security Engineer ₹12,02,560
Penetration Tester ₹7,54,119
Cybersecurity Analyst ₹5,89,579

Top Companies Hiring for Cybersecurity Roles

The following are some of the top companies in India that frequently hire cybersecurity professionals:

  • Accenture
  • Deloitte
  • Wipro
  • EY
  • Paladion Networks
  • ConnectWise
  • Tech Mahindra
  • Paytm
  • Wells Fargo
  • Flipkart 

How to Build a Career in Cybersecurity?

The TeamLease report also highlights that while the number of cybersecurity jobs is increasing, there is a talent shortage.  Start learning concepts like network security, ethical hacking, penetration testing, firewall setup and configuration, and remote access setup. It will help you build a solid career in this field. Emeritus’ online cybersecurity courses can help you learn these concepts and acquire relevant skills to advance your career.

ALSO READ: Top 10 Cyber Security Jobs in India

10. Supply Chain Management

The rapid growth of E-commerce has given a significant boost to the supply chain management sector in India. Organizations are constantly trying to optimize their supply chain and logistics to boost customer service and stay ahead of their competitors. PwC’s 26th Global Annual CEO Survey highlights that over 50% of Indian CEOs fear disruptions in the supply chain sector because of factors like consumers’ conscious buying practices and seeking better customer experience. The industry needs skilled professionals to navigate changing trends. Let’s look at the salary guide 2024 for supply chain management roles.

Salary Guide 2024: Supply Chain Management

Role Average Annual Salary
Quality Assurance Manager ₹20,11,454
Supply Chain Manager ₹15,79,458
Inventory Control Manager ₹14,96,627
Logistics Manager ₹10,86,792
Supply Chain Specialist  ₹8,94,549 
Supply Chain Analyst  ₹8,04,057

Top Companies Hiring for Supply Chain and Logistics Roles

As the supply chain and logistics industry is undergoing a massive shift, organizations are focusing on digital transformation. Businesses are using technologies like AI and ML to automate processes and boost efficiency. Some of the top companies playing a vital role in reinventing the supply chain landscape are:

  • Amazon
  • Tata Consultancy Services 
  • Accenture
  • Cognizant Technology Solutions
  • Oracle
  • Infosys
  • Capgemini
  • IBM
  • Cipla
  • Cisco Systems

How to Build a Career in Supply Chain and Logistics?

Supply chain professionals must be adept at skills like project management, data analysis, logistics, forecasting, and risk management. If you want to learn these skills and gain relevant insights into the industry to boost your career, check out these supply chain management and analytics courses from Emeritus.

ALSO READ: Who is a Supply Chain Analyst? Salary, Skills & Career

 If you are still wondering how to get best salary, you must know that skill is the most decisive factor. This helps in determining salaries in the modern workforce as mentioned in the salary guide. Therefore, constant learning and upskilling are the need of the hour for professionals. Pursuing Emeritus’ online courses can give your career a significant boost as they are taught by industry experts. Furthermore, they help you gain relevant skills, experience, and insights required to become a leading professional in your chosen field.

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About the Author

Content Writer, Emeritus Blog
Sneha is a content marketing professional with over four years of experience in helping brands achieve their marketing goals. She crafts research-based, engaging content, making sure to showcase a bit of her creative side in every piece she writes. Sneha spends most of her time writing, reading, or drinking coffee. You will often find her practicing headstands or inversions to clear her mind.
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