Asked by Ankit Agrawal | 4th of April 2020
career counselling career guidance
Hello,
This is a very practical n great question.
Let me tell you frankly that it doesn't only depend on the sector where you are working. Your salary depends on your contribution in the company that you work in.
It also depends on the circumstances in which you are working. After covid-19 many companies are crumbling they are not able to pay their regular employees. Many employees are working online or they are forced to work online. Many company reduces the salary after offering them to work online.
But there are two sectors where you will get higher salaries if you can contribute more and more
Following are highest payed jobs in 2020
Data science
Artificial intelligence
Investment Banker
Actuarial Science
Medical Science
Chartered Accountant
Internet of things
Risk Manager is also include in the lists above. Enterprise Risk Manager is a HOT JOB now a days. Enterprise Risk Managment is the next professional upgradation practice in all major industries
Although highly paid jobs in 2020 are many but deep analysis of job market scenario, boils down to three Highest Paid Jobs.
Logics are as follows
Cloud Computing: The whole world, these days, is prominently technology driven. To handle a very large traffic of complicated data, safely and efficiently, is convenient on Cloud computing. Moreover the new norm of Work from anywhere for anywhere is conveniently facilitated bt Cloud computing technology.
Data Security: Industry leaders have recognised the threat to Cyber Hacking and newly formed policies of Data Security makes it inevitable to put in place the ever improving Data Security Techniques.
Acturial Science: The need and awareness towards Insurance has never been felt to the extent it is prevailing now. Risk analysis is a highly paid profession these days.
Considering the demand and supply scenario, all the professionals skilled in above mentioned fields are in short supply and high demand.
Thanks
Selecting a Career Based on Highest Paying Jobs has been a regular practice for many Student and Parents. But Let me tell you the Reality. At the time of Selecting the Career and Start Graduation there may be some career in demand. Till the time you become graduate this may not be true.
So rather then looking for what is currently prevailing, think about what is future. I was referring the Future Job Report 2020 published by World Economic Forum and found some interesting statistics. The report is 163 page long, however I have picked up what is relevant for you to understand.
The report have declared some of the Emerging Career Options, which you may consider for your child. Here is the list.
Again these are not high paid jobs. There are rewarding careers. The single definition to understand that you will be highly paid or not, is Your "Competency".
The Higher the Competency, The Higher the Demand, The Higher the Demand Higher the Pay.
So decide what you are good at where you can develop the unmatched competency, Love what you do and Like where you go to work. Do Not select a Career Where You Inherent Quality is not matching.
Let me give you an Example, A Person with Very less convincing power, become Sales and Marketing Manager. Ofcourse the Results will not be as good as the person who can communciate properly and convinse other. So, that person's chances to get promoted, selected and getting higher pay is only depends on luck.
Do not leave your Career Aspiration on Luck. Take action and do whatever you are good at.