India Today Education Desk: For recent graduates and early career professionals, it can be difficult to find developing industries that offer the most promising career prospects in today’s rapidly evolving workplace. Keeping an eye on the market is essential to making decisions. In light of this, we’ve put together a list of the most promising emerging industries that offer a lot of potential for recent graduates to start their careers in 2023-2024.
These industries range from rapidly evolving technologies to industries that expand to meet the changing needs of the global community. So let’s find out and dig! Here’s everything you need to know from Find.Inc’s founder and CEO, his expert Hariom Seth.
1. Artificial Intelligence (AI) and Machine Learning (ML): Healthcare, banking, transportation, and customer service are just a few of the sectors being transformed by AI and ML technologies. Computer Science or Data Analytics graduates can find jobs designing AI algorithms, practicing ML models, or analyzing large data sets. AI and ML is one of the hottest career opportunities in India as more and more companies look to adopt these technologies to stay competitive. AI and ML jobs are in high demand as businesses across the country increasingly rely on these technologies to add value to consumers.
2. Average salaries for different roles
Salaries for AI and ML Engineers in India are in the range of Rs. Rs 3.7 to Rs 25.8 Lakhs with an average annual salary of Rs. 74,000 rupees. Depending on the company and level of experience. Listed below are some of the leading AI and ML roles and the average salaries they attract.
- AI/ML Engineer: As an AI/ML engineer, the expert applies AI and ML technologies to develop innovative solutions for various industries. The average salary of an AI/ML engineer in India is around Rs. 5-7LPA.
- Data Scientist: Data scientists work on analyzing and optimizing large datasets to drive business decisions. The average salary for a data scientist in India is around Rs. 10-12LPA.
- Cyber security: The surge in cyber attacks and data breaches in many companies has led to a growing need for cyber security professionals in India. According to DSCI-Nasscom report, India will need 1 million more cybersecurity workers by 2025. Indian companies are working with educational institutions to promote cybersecurity as a profession and provide training to students, making it an increasingly attractive career option. is done on
According to recent research, here are some of the typical salaries in India for various cybersecurity roles.
- Cyber Security Analyst: Rs 50,000-70,000 per year
- Network Security Engineer: 4-900 rupees per year
- Cyber Security Consultant: 150,000-250,000 rupees per year
However, salaries may vary depending on the organization and the cybersecurity certifications held by the professionals. Many employers prefer candidates with global cybersecurity certifications such as CEH, CISSP, CISA, CompTIA Security+ .
3. Renewable energy
India’s renewable energy industry has expanded significantly over the past decade with programs such as the National Solar Mission and the Wind Energy Mission. The sector is expected to continue growing rapidly with a focus on creating solutions for renewable energy sources. The drive towards a greener economy and the requirement to reduce carbon emissions has increased the need for experts in this field.
- If you have an environmental science, engineering, or business background, you may have opportunities in industries such as solar, wind, or geothermal energy. Salary levels in this industry depend on education and experience.
- According to Glassdoor, the average salary of a solar engineer is around 540,000 rupees per year, while a wind turbine engineer earns an average of 359,000 rupees per year.
- Renewable energy project managers can earn Rs.900,000 to Rs.2,500,000 per year and entry-level positions such as solar installers and operation and maintenance technicians typically earn Rs.200,000 to Rs.200,000 per year. You can earn 400,000.
4. Digital marketing
The forecast for job growth in India’s digital marketing sector has increased significantly. According to KPMG, India’s digital advertising market is expected to reach Rs 539.5 billion ($7.1 billion) by 2024 with a CAGR of 32%. This suggests a growing need for qualified individuals with digital marketing experience.
- If you’re interested in digital marketing, consider pursuing a job as a digital marketing manager, SEO specialist, or social media manager. Salaries in this field are competitive and Digital Marketing Manager earns between her Rs. SEO specialist earning between 5,00,000 to 12,00,000 Rs per year. Social media manager earning between 2,40,000 to 5,00,000, and Rs per year. 3,00,000 to 8,00,000 per year.
- Develop the skills and credentials you need for a career in digital marketing: Google Analytics and HubSpot certifications for digital marketing managers, Yoast SEO and Moz SEO courses for SEO specialists, Facebook Blueprint and Hootsuite for social media managers Academy.
5. Blockchain
Demand for blockchain expertise is growing in India as more companies and start-ups use the technology to streamline operations and enhance security. According to NASSCOM, India’s blockchain sector is projected to grow at a rate of 35% by 2025, with great potential for job creation.
Blockchain developers, architects, analysts, project managers, and researchers are just a few of the careers in high demand in business. Salaries for these professions range from Rs 6 million to he Rs 25 million per year depending on the level of expertise and proficiency in a particular role.
- To compete in this expanding job market, recent graduates must possess the necessary skills, qualifications and work experience. Recommended programs that help candidates acquire the necessary skills include Blockchain Developer Certification, Ethereum Developer Certification, and Smart Contract Developer Certification.
- Additionally, real-world exposure, hands-on skill development, and industry experience are all benefits of working on internships and blockchain projects.
Please remember that this is neither a comprehensive nor a definitive list and that new areas may develop over the next few years. Notably, a degree is not the only prerequisite for a career in any of these fields.
