India hasn't changed much: Artificial intelligence is not the hottest job of 2018

By Kimberly Cook |Email | Apr 17, 2018 | 22920 Views

Someone might think his father was right after all when it came to choice of career if one looks at this year's Randstad Insights Salary Trends Report. 

Even when there is a growing noise about emerging technologies such as artificial intelligence, automation, machine learning and blockchain, it is the good-old profession of medicine that can get you the highest salary. 

Specialist doctors get the highest salaries, according to the report. They top the chart with an average annual CTC (cost to company) at Rs 18.4 lakh, followed by solution architects at a CTC of Rs 15.1 lakh, product engineering specialists at Rs 14.8 lakh and blockchain technology experts at a CTC of Rs 14.6 lakhs, according to the report by Randstad, one of the country's leading HR service providers. 

While blockchain specialists rank fourth, artificial Intelligence/machine learning specialists rank sixth in the list of highest-paid professionals. It may either mean these professions will still take time to command top salaries or these new-age professions are hyped up more than they matter on the ground. 

Bangalore and Pune rule when it comes to cities that pay employees the most at all levels, according to the report. 

The IT capital of India continues to lead the pack as the highest paying city in the country, with an average annual CTC for talent across all levels and functions standing at Rs 10.8 lakhs. Bangalore topped the list in the 2017 salary trends report as well. Pune stands second at Rs 10.3 lakh, followed by NCR and Mumbai with an average annual CTC of Rs 9.9 lakh and Rs 9.2 lakh respectively. Chennai (Rs 8 lakh), Hyderabad (Rs 7.9 lakh) and Kolkata (Rs 7.2 lakh) are the other three names in the list of Indian cities paying the highest average salaries for professionals. 

Professionals from the pharma and healthcare industry are paid the highest in India with an average annual CTC of Rs 9.6 lakh across all levels and functions, says the report. An increase in demand for specialist doctors and professionals with R&D skills was the primary reason for the industry topping the charts this year, it says. 

The article was originally published here

Source: HOB