Top 5 Highest Paying Jobs in 2020 & Beyond

Well, looking onto 2020, so far it has not been that great, with the pandemic going on. The pandemic has affected millions of lives around the globe, & may continue in the coming months. The pandemic has left many people jobless & many experts predict the unemployment rate could be higher in the coming months.

But wait! Did you know that still many people are making handsome money sitting right in their homes! And these people are not wealthy ones, they are just like us, but with the right skills & right approach, they are making money, having got themselves into the highest paying jobs!

Do Skills Matter?

Skills have become much more important in the 21st century, with so many active job seekers, the competition for seeking jobs is increasing every minute, so having the right skills matter, & we at ScholarsXP, believe in the same motive. We want you to be empowered by your skills so that no hurdle can stop you to achieve greater heights.

In this article, we will be listing the Top 5 Highest Paying Jobs of 2020 & further, that will surely help you to progress in your career & moneywise.

Data Engineer

In the 21st century, data is being more valued than anything else. The significant role of data has led to many big giants to run their operations very smoothly. Data Engineering tops the highest paying jobs in 2020.

➥ Who is a Data Engineer?

Data engineers are the ones who prepare the data infrastructure & are responsible to develop computer algorithms into prototype code & identifying the trends. A Data engineer deals with a lot of data & is expected to know computer as well as mathematical skills, which helps them in identifying & organizing the data to utilize it for a better outcome. 

➥ Skillset for a Data Engineer 

  1. Experience or Good Knowledge of Operating Systems such as Linux or Ubuntu.
  2. Experience in working with data structures & algorithms & able to code in any object-oriented language.
  3. Good knowledge about interpreting data sets & performance optimization.
  4. Database Management skills are often appreciated since you will be working with a lot of data.
  5. Experience in one or more programming languages, including backend database management.

➥Top Companies

Amazon Inc, Facebook Inc, Google Inc, Oracle, Capital One Finance group & many more tech giants.

➥ Payscale

A Fresher or with an experience of one-year you can expect your salary up to $70k/ year (including all the bonuses, shares, perks & other facilities). 

An average of Rs. 10-15 Lakh/annum in India(including all the bonuses, shares, perks & other facilities). 

Salary Graph of a Data Engineer with experience

Highest Paying Profession 1

Data Scientist

With the emergence of data, data science is one of the hottest professions to learn in 2020. The rise in data consumption & collection globally has eventually made data scientists a prominent position in the industry.  

➥ Who is a Data Scientist?

A data scientist is someone who organizes the raw data & transforms it into valuable information for the company. A data scientist is required to analyze all the raw data & turn it for driving business & sales. 

As per 2020, there has been a 40% rise in the requirement of data scientists, as they are a very valuable asset for many big companies & with the rise in data acquisition, more and more data scientists are required to make the data collected worth.

➥ Skillset for a Data Scientist

  1. Experience in working closely with data structures & algorithms, & performance optimization
  2. Having good analytical skills, with the ability to present & describe it efficiently.
  3. Having good command over programming languages, including database management systems.
  4. Advanced knowledge in data mining techniques: clustering, regression analysis, decision trees, and support vector machines.

➥Top Companies

Amazon Inc, Walmart Inc, Grey Atom.

Payscale

An entry-level professional can expect up to $95k/annum(including all the bonuses, shares, perks & other facilities), & around Rs 6-8 Lakh/annum in India(including all the bonuses, shares, perks & other facilities)

Salary Graph of a Data Scientist with experience

Would you also like to know the “Top Skills in 2020”?

ML Expert

Machine learning is rapidly growing & has emerged as one hottest trend of 2020. The emergence of artificial intelligence with machine learning has led many new companies to offer services, which previously were difficult to provide, & costlier. 

➥ Who is an ML Expert?

A machine learning expert is someone who has a lot of experience in working with machine learning models & developing such a system. It is very much possible for a machine to learn on its own once programmed & machine learning experts are the ones who design and develop such machines. 

➥ Skillset for an ML Expert

  1. Experience in working with machine learning models & optimization.
  2. Having good command over Python/R
  3. Ability to understand & simplify complex codes & models into much simpler ones.
  4. The ability to comprehend statistical data & use it for designing better learning models. 

➥Top Companies

Accenture, Apple computer Inc, Amazon Inc, Microsoft Inc

➥ Payscale

A Fresher or with an experience of one-year you can expect your salary up to $85k/ year (including all the bonuses, shares, perks & other facilities).  An average of Rs. 6-9  Lakhs/annum in India(including all the bonuses, shares, perks & other facilities). 

Salary Graph of an ML Expert with experience

Highest Paying Jobs

 

App Developer

With the tremendous increase in the use of smartphones & gadgets, the demand for mobile-based apps has increased. Many startups such as uber, ola are app-startup companies, which need app developers to keep their services up & running.

App Development is also one of the Top Skills in 2020!

➥ Who is an App Developer?

An app developer is someone who develops apps for smartphones. Be it iOS or Android, apps have been the backbone of many modern-day startups & companies.

➥ Skillset for an App Developer

  1. Having good knowledge in app programming languages such as Java, Kotlin, Flutter, Swift.
  2. Good knowledge of UI designing & inducing creative ideas into the app.
  3. Experience in working with machine learning models & integrating into the app.
  4. Able to develop & optimized bug-free codes for the smooth operation of the app.
  5. Good knowledge about databases & back end data processing in apps.

There are two types of app developers : 

1.iOS App Developers

App developers who develop apps for Apple’s iOS, come under this category. iOS app developers need to learn SWIFT for app development. Good knowledge of the iOS operating system can be an upper hand for iOS app developers.

2.Android App Developers

App developers, who develop apps for Google’s Android, come under this category. The share of users is more for android as compared to iOS, so many developers prefer android development, as their first-hand choice. 

Android App developers need to learn JAVA or KOTLIN, & good knowledge about the android operating system can help design better apps.

➥Top Companies 

Amazon, UBER, Walmart, IBM, mostly every company dealing with technology.

One of the best things about being an app developer is that you can develop your app & can earn money through it.  Learn How!

➥Payscale

A Fresher or with an experience of one-year you can expect your salary up to $65k/ year (including all the bonuses, shares, perks & other facilities). 

An average of Rs. 5-7 Lakhs/annum in India(including all the bonuses, shares, perks & other facilities). 

*If you have good knowledge about flutter, you can develop apps for both iOS as well as Android platform, & your payscale might be higher.

Salary Graph of an App Developer with experience

Highest Paying Jobs

Full-Stack Developer

There was a time when a website was developed by a front-end developer and then the backend was managed by a back-end developer. But, today the trend has been completely reversed, and now companies prefer a full-stack developer.

➥ Who is a Full-Stack Developer?

A full-stack developer is someone who creates & maintains both the front-end & back-end of the website/software. A full-stack developer is very crucial for companies that offer digital services & e-commerce websites.

➥ Skillset for a Full-Stack Developer

  1. Having good knowledge about front-end designing as well as back-end data management.
  2. Experience in working with HTML, CSS, Bootstrap, & Javascript.
  3. Able to handle & integrate both the front-end & back-end of any website/software.
  4. Identify the industry requirement for the website & deliver results based on the client’s requests.

➥Top Companies

Amazon Inc, Google Inc, Oracle, Microsoft, mostly every company dealing with technology.

One of the best things about being a full-stack developer is that you can develop your own blog/website/digital service & can earn money through it. Learn How!

➥ Payscale

A Fresher or with an experience of one-year you can expect your salary up to $70k/ year (including all the bonuses, shares, perks & other facilities). An average of Rs. 4-6.5 Lakhs/annum in India(including all the bonuses, shares, perks & other facilities). 

*If you have good knowledge about machine learning & integrating the learning models with the website, you can expect a higher payscale.

Salary Graph of a Full Stack Developer with experience

Highest Paying Jobs

Thus, these were the highest paying professions in 2020. The payscale mentioned is average as per the regulatory norms, it may however increase or decrease, considering the ever-changing job market. 

You can also check the free courses on Coursera, develop a new skill, or improve your existing ones!

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