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What is the highest paying job in the world?

Top 20 Highest Paying Jobs in the World-2023 Data Scientist. How to Become a Data Scientist? ... Senior Software Engineer. How to become a Senior Software Engineer? ... Investment Banker. How to become an Investment Banker? ... Chief Executive Officer. How to become a CEO? ... Surgeon. ... Anaesthesiologist. ... Physician. ... Neurosurgeon. More items...

mygreatlearning.com - Top 20 Highest Paying Jobs in the World | 2023 - Great Learning
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Table of contents

Introduction

Choosing a career path can be very daunting for any aspirant. There are so many career choices available these days, some listed under the keyword highest paying jobs in the world and few others that guarantee skyrocketing growth trajectories. All these considerations can decide to choose a career trajectory very challenging for students and even professionals.

Considers the following three factors before choosing a career:

Is it personally and professionally rewarding to me? Is it exciting, and can I grow in this field? And lastly, does it pay well?

While all three factors hold different significance to different people, the pay parameter holds the highest importance to many people. And why shouldn’t it? Who doesn’t want to work in an established organization, earn a six-figure salary and live a life of luxury and security? Hence, searching for the highest paying jobs in the world is what most of us are after. So, if you’re looking for some insight and inspiration, or you’re keeping your options open after school or seeking the idea of changing careers, you’ve come to the right place.

Top 20 highest paying jobs in the world in 2023

Data Scientist – $97,659

– $97,659 Senior Software Engineer – $119,126

– $119,126 Investment Banker – $115,465

– $115,465 Chief Executive Officer – $310,000

– $310,000 Surgeon -$216,248

-$216,248 Anaesthesiologist – $326,296

– $326,296 Physician – $227,000

– $227,000 Neurosurgeon – $496,000

– $496,000 Oral & Maxillofacial Surgeon – $333,293

– $333,293 Orthodontist -$304,000

-$304,000 Gynaecologist -$299,100

-$299,100 Psychiatrist – $281113

– $281113 Airline Pilot & Co-Pilot – $240,000

– $240,000 Paediatrician – $238,000

– $238,000 Internist – $229500

– $229500 General Practitioner (GP) – $216790

– $216790 Dentist – $213,000

– $213,000 Petroleum Engineers – $171,000

– $171,000 Engineering Manager – $166,406

– $166,406 IT Manager – $149,000

– $149,000 Financial Analysts – $126,000

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1. Data Scientist

Salary potential:

₹822,895 (India)

$97,658 (US)

£60,000 (UK)

C$109,802 (Canada)

Also read – What does a Data Scientist do?

Companies have a lot of disparate data that they cannot make sense of. This data can be used to get valuable insights, and data scientists help to do exactly that. Data scientists gather large amounts of structured and unstructured data and analyze them to develop valuable insights and patterns. By extrapolating and sharing these insights, data scientists help companies to solve difficult problems. They combine computer science, modelling, statistics, analytics, and math skills to uncover the answers to some major questions that can help organizations make decisions. Data scientists also have to use visual presentation techniques to make other people understand the trends and data, so they must also have presentation skills. There is no specific industry for data scientists, as they are in demand across the length and breadth of the industry. Data scientists are needed everywhere from retail to healthcare, media & entertainment to transportation, education to BFSI.

The average Data Scientist’s Salary is :

How to Become a Data Scientist?

To become a data scientist, there is no specific qualification. One can earn a bachelor’s degree in any field, although Science, Mathematics, Computer Science, and Engineering fields are preferred. After completing a bachelor’s, the person can do a master’s in data science from a good institute to land a well-off job.

Quick Check – Introduction to Data Science

What are the skills required to become Data Scientist?

Data scientist skills are listed below:

Statistical Knowledge and Analysis

Machine learning and Programming

Analytical and Critical thinking

Inquisitiveness

Interpersonal skills

Data storytelling

2. Senior Software Engineer

Salary potential:

₹956,945 (India)

$121,758 (US)

£99,000 (UK)

C$248,000 (Canada)

Also read – What does a Software Engineer do?

A senior software engineer has many different responsibilities in a company. They range from testing and documenting software for client applications, guiding junior engineers, and translating business requirements into technical specifications. They also have to manage project priorities and timelines. Software engineers is one of the highest paying jobs in the world and they work in almost all sectors today because of the influx of technology across all the fields of modern industry. Be it retail, healthcare, research and development, business, IT/ITES, government agencies, defense (army, navy, airforce), insurance, banking, or finance; every industry has an opening and requirement for software engineers.

Average Senior Software Engineer Salary is

How to become a Senior Software Engineer?

To become a senior software engineer, one must earn a computer science, engineering, and/or web development degree. You can also pursue a master’s degree in the before-mentioned fields to earn higher pay and climb up the organizational ladder faster. Suppose you wish to pursue some of the trending technologies. In that case, you can choose to do certification courses in data science, machine learning, business analytics, and blockchain to advance your learning and better career opportunities.

What are the skills required to become a senior software engineer?

Skills needed to become a senior software engineer are:

Programming and debugging

Logical thinking and problem solving

Communication skills

Teamwork and coordination

Software engineers usually have to work 40 hours a week, excluding overtime. Due to the challenging nature of the job and the high requirement of software engineers, the high salary is more than justified.

3. Investment Banker

Salary potential:

₹966,410 (India)

$115,465 (US)

£90,000 (UK)

C$180,000 (Canada)

Investment bankers are financial advisors to corporations or even governments. They are responsible for helping companies, and other such entities raise money for expansion and improvement. They are also needed to manage a company’s initial public offering (IPO) for a company preparing to go public. Furthermore, they might also be required to prepare a bond offering, negotiate a merger or acquisition of a rival company, or arrange a private placement of bonds. Investment bankers tend to flourish if their clients are doing well as well as the market.

How to become an Investment Banker?

To become an investment banker, one must earn a bachelor’s degree in finance, economics, or marketing. Earning an MBA, CFA, or even an advanced degree in maths can vastly improve a person’s chances of getting a job as an investment banker. Additionally, they must do an internship with a reputed firm or bank as an investment banker who would improve their chances of landing a job and help get clients.

What are the skills required to become an investment banker?

Investment Banker Skills are:

Arranging finances

Equity financing

Negotiation of mergers and acquisitions

Networking and Communication skills

Time management

Impeccable qualitative and quantitative skills

4. Chief Executive Officer

Salary potential:

₹2,952,883 (India)

$156,412 (US)

£176,000 (UK)

C$259,000 (Canada)

A Chief Executive Officer is the highest executive position in a company and also one of the highest paid jobs. CEOs are responsible for determining and handling the company’s corporate affairs, making crucial corporate decisions, managing resources, and supervising all managerial operations like coordinating, planning, and directing the activities at the highest level. CEO is also the company’s face and is chosen by the company’s board of directors and shareholders. CEOs are responsible for directing the growth of the company. They set the tone, vision, and culture of a company, be it big or small.

How to become a CEO?

The CEO of a company is a figurehead and is required to have in-depth knowledge of business, such as taxation, accounting, marketing, finance, and organizational behavior and structure. A Bachelors’s degree followed by a Master’s degree is a bare minimum requirement to add value as a leader of a firm; legal knowledge is a vital addition to the knowledge list for this position. Further, since it is a C-suite job, companies look for a CEO who has the significant industry experience and degrees in the company’s field.

What are the skills required to become successful CEO?

Leadership

Management

Decision-Making skills

Communication skills

Diverse skillset

Teamwork and organizational skills

Being a CEO is challenging, time-consuming, and the company’s field endeavor. So be prepared to put in the hours if you plan to pursue this field.

5. Surgeon

Salary potential:

₹2,800,000 (India)

$208,000 (US)

£120,000 (UK)

C$180,000 (Canada)

Surgeons are highly regarded medical professionals who are required to perform advanced procedures on patients. Surgeons must undergo years of education and on-the-job training to operate independently on patients. Surgeons can divide their work into two parts; office hours and operative hours. During office hours, they meet with patients, figure out the best treatment option for the patient, and discuss the patient and staff procedure.

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They also need to check in on the patients post-operation. During operative hours, surgeons need to stand long hours in the operating room and work extended shifts without losing focus. Being a surgeon is not a career for the faint-hearted because of the extremely demanding nature of this job. There are many different types of surgeons, depending on the field and their specialization.

Some of the common specialty areas are:

Pediatrics: Medical treatment involving children

Medical treatment involving children Neurological: Surgery involving the brain

Surgery involving the brain Oral: Surgery involving the mouth

Surgery involving the mouth Reconstructive: Surgery that involves repairing broken parts of the body Surgery that involves repairing broken parts of the body Cardiothoracic: Surgery involving the heart, lungs, esophagus, and chest Surgery involving the heart, lungs, esophagus, and chest Urology: Surgery involving the kidneys, bladder, and urinary tract

How to become a surgeon?

To become a surgeon, one must earn a medical degree and license. They also need to specialize in the field where they want to become a surgeon. Further, you need to complete a residency or internship for a few years and work under a skilled surgeon. It typically takes 10-12 years to complete all these stages.

What are the skills required to become a successful surgeon?

Attention to detail

Stress Management

Time Management

Communication

Teamwork

Organization

Being a surgeon can be challenging but also very rewarding, as you are saving people’s lives.

6. Anaesthesiologist

Salary Potential

₹12,17,872 (India)

$326,296 (US)

$192,000 (UK)

C$408,000 (Canada)

Anesthesiologists are trained physicians who have special training in preoperative care. This is one of the highest paying jobs in the world. They play a very important role in a surgical procedure, as they must ensure that the patient receives the correct type and correct dosage of anesthesia while under the scalpel. Not just this, they have to monitor the patient’s vitals during the procedure and ensure that they are unconscious while in surgery. They are also responsible for assisting a patient’s recovery by monitoring their pain medication.

How to become an anesthesiologist?

To become an anesthesiologist, one requires a commitment to both resources. First, you need to complete a bachelor’s degree in a field like pre-medicine, biology, or chemistry. Then you can apply to medical school and earn a medical degree and a license. But before being able to work independently, you must complete residency and work under experienced anesthesiologists to learn skills and observe. It is a long and exhaustive process and usually requires up to 12 to 13 years of medical training.

What are the skills required to become an anesthesiologist?

Critical Thinking

Stress Management

Focus

Problem Solving

Teamwork

7. Physician

Salary potential:

₹1,198,158 (India)

$227,000 (US)

£102,000 (UK)

C$252,000 (Canada)

Physicians diagnose and treat the various diseases and ailments that affect the human body’s internal organs. Physicians can be categorized into two different categories: general practitioners and specialist physicians. General practitioners are the points of contact for people normally. They have a wide knowledge of different topics and devise a treatment plan for you. In case of ailments they do not recognize or which require special attention, they might refer you to specialist physicians. These doctors can specialize in various areas, like cardiology, sports medicine, infectious disease, geriatrics, and many more. Specialist physicians have extensive knowledge in the area they specialize in.

How to become a Physician?

To become a general practitioner, one must earn a medical degree and complete a residency or internship for a few years to be able to work independently. If the general practitioner decides to specialize in one particular field, they must pursue specialization and additional training.

What are the skills required to become a physician?

Emotional Intelligence

Problem-solving skills

Attention to details

Communication skills

Resilience

Teamwork

It is a long road to becoming a successful physician, but it is definitely rewarding.

8. Neurosurgeon

Salary Potential

$496,000 (US)

£120,000 (UK)

C$180,000 (Canada)

A neurosurgeon is the highest paying job in the world; neurosurgeons are specially trained to diagnose and surgically treat central and peripheral nervous system disorders. In today’s world, it is the most in-demand medical profession, so extensive training and education are needed.

Prerequisites

A neurosurgeon earns big bucks, but for that, he is required to do the following:

1. Should have an MBBS degree

2. Should have PG in neurosurgery program

3. A fellowship to specialise in one particular area (if willing)

4. In addition, it is pertinent for a neurosurgeon to stay updated with all the latest advances taking place in neuroscience and attend regular meetings, seminars and conferences.

9. Oral & Maxillofacial Surgeon

Salary potential

$333,293 (US)

£249,253 (UK)

C$ 292,757(Canada)

The profession of Oral & Maxillofacial Surgeons is somewhat different from normal dentists. Their main job is to perform surgical procedures on the face, mouth and jaw. They mainly focus on hard and soft tissues. The importance of this career is that it provides an opportunity to help other people whilst being financially rewarded. This can not be said for all the career paths on our list.

Prerequisites

Criteria to become an Oral & Maxillofacial Surgeon vary from country to country. However, on an average, the following is required:

1. Should have a dentistry degree.

2. Four years of training in OMFS (Oral & Maxillofacial Surgery)

10. Orthodontist

Salary potential

$304,000 (US)

£291,000 (UK)

C$245,000 (Canada)

There are a lot of chances to earn good money in this profession. It is the highest paying jobs in the dental field. The work of an orthodontist involves examining, diagnosis and fixing any dental abnormalities relating to the position of the jaw and teeth. They are specialists in straightening the teeth structure, fixing crooked smiles and adjusting bite positions with the use of braces and retainers.

Prerequisites

1. Should have a bachelor’s degree, a dental degree (DDS or DMD).

2. Should have a certificate of orthodontics (gained through a residency.

11. Gynecologist

Salary potential

$299,100 (US)

£208,451 (UK)

C$241,431 (Canada)

What Is a Gynecologist?

A doctor who specializes in female reproductive health is known as Gynecologist. Their main concern is to diagnose and treat the female reproductive tract. The uterus, fallopian tubes, ovaries, and breasts all are included in his treatment area. Anyone having female organs may visit a gynecologist. As per the record, it is found that nearly 80% who are visiting Gynecologists are aged between 15 to 45 years.

What Does a Gynecologist Do?

Gynecologists are reproductive and sexual health services providers, including Pap tests, pelvic exams, testing and treatment for vaginal infections, and cancer screenings. They are specialists in diagnosing and giving treatment for reproductive system disorders such as infertility, pelvic pain, endometriosis, and ovarian cysts. They also take care of people with ovarian, cervical, and other reproductive cancers. Some Gynaecologists who specialize in obstetrics are called OB-GYNs. They are responsible for taking care of women during pregnancy and childbirth.

Prerequisites

1. Should have an MBBS degree.

2. After completion of a medical degree, one should have completed a postgraduate program in Gynaecology.

12. Psychiatrist

Salary Potential

$281113 (US)

£78,950 (UK)

C$290055 (Canada)

It is another highest paying career in the world.

The role of Psychiatrists is to diagnose and treat disorders of the mind. They listen to patients’ issues and find out the root cause of their ailments. This type of treatment is more detailed and systematic because there is a requirement to understand the patient’s history well, which sometimes takes a lot of time to understand. This could be a good job as the average salary is quite handsome in this profession.

Prerequisites

1. The first criterion to become a psychiatrist is to have an MBBS degree.

2. Then apply for PG in Psychiatry through an exam.

6. Airline Pilot & Co-Pilot

Salary Potential

$240,000 (US)

$116,000 (UK)

C$154,000 (Canada)

This job is for courageous and enthusiastic people. This job is meant for people who love flying and think it cool. If you are one of them then without any hesitation, you can opt for this fantastic career. It is considered one of the highest-paid careers and also gives a lucrative perk.

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To earn a pretty package and attractive perks, it is required to pass through vigorous training and physical examination. To become a pilot, there are some standard medical prerequisites that need to be qualified successfully. Even after becoming a pilot, some regular new tests and checkups need to be attended to and qualified successfully. This job is full of ambition, so don’t wait; just go for it.

Prerequisites

1. 10+2 in Science (MPC)/Commerce

13. Pediatrician

Salary Potential

$238,000 (US)

£175,000 (UK)

C$280287 (Canada)

Some professions in this world are called noble professions, and the medical profession is one of them. This profession, along with money, brings name and fame.

Becoming a pediatrician allows seeing children daily and curing their ailments.

The main responsibilities of a Paediatrician include diagnosing, preventing, and treating diseases and injuries in children. They also look for children’s physical, mental, or social health problems to ensure they are as comfortable as possible.

Making a name, fame, and handsome money, what else is required?

Prerequisites

An MBBS + MD degree in Pediatrics is required to become a pediatrician.

14. Internist

Salary potential

$229500 (US)

£197600 (UK)

$225,000 (Canada)

On many occasions in our life, it happens that we pass through severe pain in our body and become more restless when we cannot determine what is causing the pain, especially when it can not be localized from the outside. At this time, internists play an important role.

What Does An Internist Do?

An internist a physician, is specialized in providing a diagnosis and non-surgical treatment plans for internal injuries or diseases to the patient. They don’t perform any surgery. Their treatment mainly focuses on acute illnesses like diabetes, high blood pressure, and Alzheimer’s. And this profession is considered one of the highest paying jobs in the world. Many Internists specialize in one specific internal organ system, like the digestive system, and paid 100% focus and energy to that.

Prerequisites

1. A bachelor’s degree from a medical school, which takes 4 years to complete

2. Three to seven years in internship and residency programs.

15. General Practitioner (GP)

Salary Potential

$216790 (US)

£1,42,735 (UK)

C$240,000 (Canada)

A general practitioner(GP) is the first point of contact where patients suffering from any kind of disease and pain reports first. General practitioners initially diagnose and treat health-related issues of a patient, and they refer the patient to a specialist according to the symptoms, if required. It is a noble profession that helps people to a great extent.

Prerequisites

To become a general practitioner, including an MBBS degree, approximately seven to ten years of total training and education are required.

16. Dentist

Salary Potential

$213,000 (US)

£98,000 (UK)

C$206,000 (Canada)

This is a high-ranking earning career. Dentistry jobs are on a substantial rise nowadays. A dentist’s job is to advise patients to take good dental care by maintaining dental hygiene. They also diagnose and treat dental-related issues. Minor dental procedure, if required, is also a part of their responsibilities.

Prerequisites

Bachelor’s degree in dentistry, along with completing all necessary practical training.

17. Petroleum Engineers

Salary Potential

$171,000 (US)

£91,000 (UK)

C$175,000 (Canada)

Petroleum Engineers serve a great purpose for the country because they design and develop various methods for the extraction of gas and oil deposits underneath the surface of the earth. Amazingly, this profession has seen nearly 22℅ job growth in recent times. This is a very interesting job and can be taken as a treasure hunt because a country’s natural resources are its treasure.

Prerequisite

An Engineering degree in Petroleum stream

18. Translators or Interpreters

Salary Potential

$166,406 (US)

£101,000 (UK)

C$161,000 (Canada)

This is one type of highly satisfying job because, in this job, Translators or Interpreters help people to understand another language, and for doing this, they get hefty money. For this job, typically, the amount they charge ranges between 22.40 and to 25.20 dollars per hour. To perform this job in a better way, the knowledge of several foreign languages with fluency is required. The more foreign language, Translators or Interpreters read, write and speak, the more effectively they can perform their job.

Prerequisites

Mainly there are three types of courses in this field.

1. For certification courses and degree courses, class 12th is compulsory.

2. For diploma courses, certification courses need to be completed.

19. Engineering Manager

Salary Potential

$149,000 (US)

£89,000 (UK)

C$109,000 (Canada)

Engineering Managers are responsible for supervising different projects, managing diverse teams, and communicating with clients. To explain it in another way, Engineering Managers, along with sound professional knowledge, should have a variety of soft skills.

Prerequisites

1. An engineer gradually progresses to this position.

2. An MBA degree in MEM (Masters in Engineering Management) built a concrete foundation.

IT Manager

Salary Potential

$127,000 (US)

£55,000 (UK)

C$121,000 (Canada)

The responsibilities and duties of an IT manager are to protect and safeguard a company’s IT infrastructure and network from malware and hackers. This is considered one of the highest paying jobs in the world. The IT manager should have good knowledge of computer systems and IT security systems. They should also be able to troubleshoot any technical issues effectively and upgrade software or hardware when required. IT managers are always in demand and get lucrative packages and perks. As technology is constantly changing, the need for IT Managers is increasing on a high scale. Companies require these professionals to meet regularly updated IT requirements.

Prerequisites

1. An IT manager is expected to have at least a Bachelor’s Degree in IT. 2. Good knowledge of information technology, computer science, or management information systems puts you ahead of the competition.

20. Financial Analysts

Salary Potential

$126,000 (US)

£78,750 (UK)

C$84,102 (Canada)

This is also a good profession where one can earn handsome money. This profession is for those people who can play with numbers well. Great statistics analysis power and patience are required in this profession because it deals with stocks and bonds. Since their rise and fall are almost unpredictable because of the many technical aspects, one should be able to study well and analyze their faring in advance. People invest their hardcore money based on the advice given by a financial analyst. So, it is the responsibility of a financial analyst to get the right number for them and to do so, he is required to study statistics well.

How Much Does A Financial Analyst Earn?

Earning is based on his reputation. Usually, a well-reputed financial analyst charges around 38 dollars per hour on average. Nowadays, a lot of people are attracted to this profession; an increase of nearly 7% has been seen in recent times.

Prerequisites

1. 0-3+ years of business finance or other relevant experience.

2. High proficiency in financial modeling techniques.

3. Competency in using formulas and functions of Excel.

4. BA, BS, or B.Com degree required (Bachelor’s Degree in Accounting/Finance/Economics).

5. Strong analytical and data-gathering skills.

6. Good business acumen.

Conclusion

With this, we end the list of the top high paying jobs in the world. These are just a few to name, and there are many more high paying jobs. To reach the level of earning a six-figure salary, you must go through rigorous education and training. The competition is increasing every day, and to make it to the top few who earn in the six figures is becoming challenging every day. Even if the job of your choice is not listed as one of the highest paying jobs in the world, make sure to pick a job that suits and interests you to be better at it than your competition. No matter the consequences, it cannot be denied that the rewards of high-paying jobs are worth the struggle, so it is important to enhance your skills and prepare well for job interviews. You can take up the Mastering Interview Questions Free Online Course and understand how to approach and prepare for the questions that can be possibly asked in an interview.

mygreatlearning.com - Top 20 Highest Paying Jobs in the World | 2023 - Great Learning
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