1) Data Scientist

While many careers have been around forever, data science is a relatively new and buzzing option offering lucrative packages. A data scientist helps manage and organize a massive amount of data that an organization collects. He gleans actionable insights from that data to drive business decisions that improve profits and customer relationships.

A big reason for taking up Data Science as a career, there is a 40 % rise in demand approximately for data scientist since January 2019, and more than 300% since 2013. The reason for this should be clearing, considering everything today is data, and expertise in the science of managing that data is precisely what is required.

Skills

• Ability to work with complex formulas (40%)
• An understanding of consumer psychology (25%)
• Business acumen (25%)
• Skilled at programming languages (10%)

Educational Qualification:

• Engineers – BE / B.Tech (without coding experience)
• Graduates (no programming knowledge)

How to be a data scientist

Here is the most common and recommended path:

• Graduates / Engineers can opt for PG Diploma in data science, an 11-month program and is offered jointly by upGrad and IIIT-B.
• You can also get a Master’s in Data Science while participating in global competitions held on Kaggle and working on your own projects.

Salary Package offered

Data Science offers a salary between 4 – 12 lacs to certified experts even if they have limited or no work experience in the function. Data scientists with 5 years of experience get INR 60 – 70 LPA. Salary ranges between the following range:

Average Salary

• India – 9,50,000
• Mumbai – 11,70,000
• Bangalore – 10,30,000
• Pune – 8,66,000

Companies Hiring Data Scientist in India – (3300 Jobs on Naukri / 2700 Jobs on Linkedin)

• Amazon – Hyderabad / Bangalore
• Walmart Labs – Bangalore
• People Interactive – Mumbai
• GreyAtom – Mumbai
• Procter & Gamble – Hyderabad

2) Machine Learning Experts

Data Science & Machine learning is all the rage right now, and they are one of the highest-paying jobs, not only in India but also worldwide. Machine learning is an application of AI wherein the system learns and improves on its own without being programmed. Just like the human brain, YES!!!. Machine learning experts are the professionals who build these self-learning systems.

Skills

• Programming in R / Python
• Strong statistical knowledge
• Strong written and oral communication translated as the ability to prepare presentations, progress reports, and interactive data visualizations
• Ability to convey complex data into non-technical insights and possible decisions.

How to be a Machine Learning expert

Engineering Graduates, Software & IT Professionals, Data Professionals with minimum 1-year experience or a degree in Mathematics or Statistics are relevant for these jobs. Professionals with decent knowledge and understanding of Machine Learning may apply for the jobs or can take up a course in ML, that will familiarize you with algorithms, R/ Python, probability, statistics, basics in data science and ML. upGrad in collaboration with IIIT-B offers PG Diploma & Masters in ML which will help professionals to work as Business Analyst, Product Analyst, Machine Learning Engineer or Data Scientist.

Salary Package offered

Almost 10% of the Machine Learning jobs are for freshers, and Bangalore has the most number of openings. Starting ranges between 7 – 15 Lacs Per Annum, yes you read it right, and the package grows for mid-career professionals to up to 27 Lacs and beyond.

Salary for Entry-Level Developers (Beginners/Freshers) 

• 0 – 3 Lakhs (11% Jobs)
• 3 – 6 Lakhs (9% Jobs)
• 6 – 10 Lakhs (5% Jobs)
• 10 – 15 Lakhs (38% Jobs)
• 15 – 25 Lakhs (38% Jobs)

For 3+ years of experienced professionals, almost 75% of them are paid in the range of 8 Lacs to 40 Lacs. The highest salary even goes up to 50 lacs.

Companies Hiring Machine Learning Experts in India – (6700 Jobs on Naukri / 6100 Jobs on Linkedin)

• Accenture – Mumbai
• Zycus – Bangalore
• hCapital Business Consulting – Mumbai
• Quantiphi – Mumbai
• IBM – Bangalore
• ITC Infotech – Gurgaon

3) Blockchain Developer

Blockchain is the new revolutionary field and is redefining everything from currency transactions, internet connectivity, to data security and handling. Blockchain technology cuts out middlemen, reduce costs, and increase speed and reach. It is supposed to usher in greater transparency and traceability. As both private and public sectors warm up to this new, market-changing technology, there will be a considerable lack of specialists. A gaping hole that you can fill. Further, there’s also a continuously growing demand for Blockchain Developers in India.

Skills

• Understanding of blockchain and its architecture
• Data structures
• Cryptography
• Web development
• Smart Contract Development

Educational Qualification:

• Engineers – BE/B.Tech (even without coding experience)

How to become a blockchain developer

IIIT Bangalore offers a PG certification course, along with alumni status and access to on-campus facilities.

Salary Package offered

Due to the lack of experienced professionals, organizations offer a handsome pay-out for the required skills. In India, professionals earn up to 45 LPA. Salary ranges between the following range –

Salary

• 0 – 3 Lakhs
• 3 – 6 Lakhs
• 6 – 10 Lakhs (27%)
• 10 – 15 Lakhs (23%)
• 15 – 25 Lakhs (25%)
• 25 – 50 Lakh

Almost 75% of the professionals required are paid in the range of 6 Lacs to 25 Lacs. The highest salary even goes up to 50 lacs.

4) Full Stack Software Developer

Full-stack developers are tasked with the job of creating both the front end and the back end of a software/website i.e. they are both web developers and have a fair understanding of database systems. As web developers, they build the website for the ground up and write the code for it. They work with the website’s appearance, CSS, HTML and align it with the client’s industry, business, and target audience.

Skills

• Ability to work in a collaborative environment
• Detail-oriented with an eye of aesthetics
• Able to meet tight deadlines
• Fluent in Javascript, HTML, and CSS

Educational Qualification:

Engineers – BE / B.Tech (without coding experience)

How to be a full-stack developer

Individuals with Bachelor’s in IT or Computer Science can team it up with online courses about full-stack development including the necessary programming languages. The course will help them understand, how the backend of a website functions, and design elements that you need to know. Mix these with internships and projects to build and strengthen your portfolio.

Salary Package offered

Expert beginners will draw around 4 – 6 Lacs, which gradually grows to 15 Lacs with around 3 to 5 years of experience.

Salary for Entry-Level Developers (Beginners/Freshers)

• 0 – 3 Lakhs (53% Jobs)
• 3 – 6 Lakhs (39% Jobs)
• 6 – 10 Lakhs (8% Jobs)

For 3+ years of experienced professionals, almost 75% of them are paid in the range of 6 Lacs to 25 Lacs. The highest salary even goes up to 30 lacs.

5) Product Management

In large corporations, product management is a coveted position. Product Manager is responsible for the strategy, marketing, feature definition, forecasting of the product or product line among other things. In simpler terms, the product manager is responsible for understanding customer requirements, envisioning the necessary features, and working with the engineering team to build them. There are a variety of roles ranging from Associate Product Manager to the Chief Product Officer.

Skills

• Empathy and a keen eye for understanding customer needs
• Collaboration, since the product manager will be working with a variety of divisions
• An eye for aesthetics
• Ability to set deadlines and meet them for prototypes, product manufacture, and delivery

How to be a Product Manager

More than a professional degree, experience coupled with a specialized course will help you to master this profession. Product managers must have an eye for details and must be well aware of the organizational goals in terms of Product Development. Then you need to see how those goals align with actual customer needs. Product managers must talk to customers regularly and converse with the sales team members who understand the market need. Use the product on a daily basis and get on customer support calls to know the feedback and improve the product accordingly.

Salary Package offered

Product Management is more of experienced professionals’ gamut. Beginners with experience in a different segment of work with certification have a decent scope.

Salary ranges between the following range:

The average salary for a Product Manager is 15 Lacs in India. The pay scale on the lower range is 7 Lacs and the higher range goes up to 26 Lacs. The higher range of salaries is mostly offered by companies like Amazon, Flipkart & Ola.