The current pandemic may have created havoc in the job sector, but the software development industry is booming. As per a recent survey, 40% of Indian professionals expect the IT job market to expand further, while more than 50% expect their companies to improve their profit margins in the next six months.
Given the explosion of IT jobs and unending growth prospects, top companies like Wipro and Infosys are announcing wage hikes to avoid losing employees to competitors. After all, lucrative salary and benefits are among the top reasons employees consider a job opportunity. In addition to this, career development and growth potential are other factors that further increase the value of a job role.
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With that in mind, let us look at the top 10 highest-paying software development jobs in India so that you can steer your career goals accordingly.
10 Best Paying Software Engineering Jobs in India
1. Software Architect (Average Salary – INR 21,58,345 per year)
Software Architects are experts in software design and framework development. Software architectures, the number of interconnected modules, how modules interact with internal or external systems, network designs, and other related technical details are handled by a software architect.
They work closely with stakeholders in determining the resources required and come up with functional architectural designs that best suit a project. Software architects belong to higher levels on the software engineering career ladder. Since it is a job with a vast scope of responsibilities, autonomy, and decision-making authority, software architects are compensated handsomely.
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2. Cloud Solutions Architect (Average Salary – INR 17,88,577 per year)
A Cloud Solutions Architect is responsible for the development and implementation of a company’s cloud policies. This can include migrating applications to the CaaS platform, choosing the cloud provider, and handling the maintenance of these migrated applications and platforms.
They own the technical engagements of the company with the cloud service providers and take sole responsibility for the success of the arrangement. They are expected to have an IT background with a sound knowledge of programming languages such as Python, Ruby, Elixir, etc. A certification from a reputed university like the Advanced Certificate Programme in Cloud Computing from IIIT-B can further result in increased earning potential.
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3. Product Manager (Average Salary 17,12,268 per year)
A product manager plays a pivot role in the design, development and delivery of any product. He is responsible for ensuring that a product is developed as per the customer needs and addresses the pain points of its end users. He ensures the delivery of good quality products within the agreed timeline and is also responsible for procuring resources and funding for the project.
As decision-makers for the product, they are involved in strategic talks with the management, designing teams, marketing and sales departments, etc. In short, a product manager is responsible for the end-to-end product development cycle.
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4. IoT Solution Architect (Average Salary INR 13,20,000 per year)
A Solution Architect in IoT (Internet of Things) is a new job role that has gained much prominence in the last few years. This is due to the massive expansion of internet connectivity and connected devices. An IoT Solutions Architect explores the practical uses of the IoT technology and creates plans to implement that in the projects they are assigned. They also need to be tech-savvy and understand the latest trends.
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5. Big Data Engineer/Analyst (Average Salary – INR 12,27417 per year)
Big companies must handle copious amounts of data on a regular basis to regulate their business revenue, ensure proper vendor management, employee data handling, and more. A Big Data Engineer is responsible for managing this influx and flow of data and ensuring that an efficient management infrastructure is available.
They specialise in real-time data analysis, offline data processing and implementation of machine learning logic. They are also required to develop, construct, test, and maintain the data architecture that will give the best results in the shortest time for stakeholders.
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If you are interested in this line of software development, you should consider joining an Advanced Certificate Programme in Big Data to increase your chances of success.
6. Blockchain Engineer (Average Salary INR 8,03,004 per year)
Blockchain is a relatively new technology that is currently booming. No wonder job opportunities in this area are also growing at a very rapid rate. As a Blockchain Engineer, you will be expected to work on the security aspect of digital transactions, including designing and creating a secure ecosystem to store and record blockchain data. They also design blockchain technologies, develop applications, and maintain client-server applications or servers.
You can either opt for an Advanced Certificate Programme in Blockchain (7.5 months) or Executive PGP in Software Development – Spl. in Blockchain (13 months), depending on your career goals to move ahead as a blockchain engineer.
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7. Artificial Intelligence Engineer (Average Salary 7,50,000 per year)
Artificial Intelligence, in simple terms, is empowering machines with human-like intelligence so they can contribute to decision-making. This is done by programming devices/machines in a way that they can learn and enhance the code themselves.
AI engineers use mathematical and statistical tools to code AI logic and machine learning algorithms into machines using Python, Torch, TensorFlow, and neural networks, among others. As an AI engineer, you will be a part of the team that creates, builds, codes and deploys the AI products for your organisation.
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8. Data Scientist (Average Salary – INR 7,12,778 per year)
Data has an integral role in technology, especially now that that digital age is upon us. What is even more important is to analyse and interpret this data to guide the decision-making process. This is exactly what a data scientist does.
They use scientific methods, algorithms, and computations to extract useful information from massive data sources like Hadoop, Data Lakes, and more. More and more companies are turning to data scientists to help them understand data and take timely decisions to beat the competition.
A data scientist with a Master of Science in Data Science would have an edge in the job sector. You can pursue the 20-month course online from Liverpool John Moores University via upGrad.
9. DevOps Engineer (Average Salary INR 6,98,308 per year)
DevOps is a combination of development and operations. It aims to speed up the development and deployment process by automating contributing processes. A DevOps Engineer is responsible for the infrastructure and tool setup to automate code check-ins, build creations, deployment, and production.
They are expected to know scripting languages and additional knowledge of DevOps tools like Git, Jenkins, Gradle, etc. Today, companies across all sectors adopting Agile and DevOps methodologies, job openings, and career progression opportunities for DevOps engineers are certainly looking up.
10. Cyber Security Specialist (Average Salary 5,77,292 per year)
Data security is crucial for individuals as well as companies. It is for this reason that all companies have a specialised team of engineers to monitor cybersecurity. This role has gained more importance in the current pandemic times where most people are working from home.
A cybersecurity specialist would ensure that all the servers, systems and connected devices have the latest updates in antivirus and firewall. They also protect the company data against attacks from malicious hackers. They work hard to prevent any kind of data breach in the system.
An Advanced Certificate Programme in Cyber Security can do wonders if you’re looking to uplevel in this field.
IT and software development are fields where salary is never a constraint for the right candidate with the right skills. The job profiles mentioned above are the most sought-after and highly paid positions in India.
If you are starting, or are looking for a transition opportunity, or simply want to progress in your career, use this article as a guide to choose the right career path for yourself. In-depth knowledge and in-demand skills can help you take your career to the next level. If you’re a master in your domain, then tech is the right destination for you.
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What is the difference between a software developer and a software engineer?
Software developers and software engineers may share similar traits, but their approaches and daily responsibilities differ. Surveys conducted report the growth of software developers till 2026 will grow by 24%. Software developers are responsible for writing, debugging, and modifying software that is intended for customer use. Moreover, developers also document everything in a structured manner. A developer should know programming languages like ASP.net, C#, Java, etc. A developer has a computer science or software engineer degree in hand. Software engineers are on the top of the tree. They use their knowledge and engineering practices to create computer programs and manage data. Their day-to-day responsibilities include communicating with coders, stakeholders, and users. In addition to that, a software engineer must specialize in algorithms, data structure, etc.
What is the future of software development in 2022 and beyond?
Since the beginning, the software development domain has been exposed to changes. In the current year, firms and industries should consider the new trends being introduced to satisfy the market needs. After the pandemic, the future is unpredictable, and therefore it is best to keep up with the latest technology and advancements. The software development industry should expand and focus on cybersecurity, artificial intelligence, and outsourcing.
Will AI take over software development?
According to research, Artificial Intelligence will overpower software developers by 2040. This signifies the drastic change that the software development domain will go through. By 2040, machines will write their own code by blending technologies of cyber security, machine learning, artificial intelligence, and coding. 30% of software developers believe artificial intelligence will take over them in the future. Software developers have now started the practice of being flexible and are acquiring the skills needed to work alongside AI. Programmers are now using a simplified way to manage, analyze, and structure their code which they can outsource in due time.